1989 — Page 26

NOTES ON THE ACCOUNTS (Continued)

18. SHARE CAPITAL

Number of shares

Nominal value

1989

1988

1989

1988

HK$'000

HK$'000

Authorised:

Ordinary shares of $1 each

300,000,000

300,000,000

300,000

300,000

Issued and fully paid:

Ordinary shares of $1 each

182,989,343

182,989,343

182,989

182,989

19. RESERVES

GROUP

Investment Other

Share property capital Retained premium revaluation reserves profits

HK$'000 HK$'000 HK$'000

Total

HK$'000 HK$'000

At 1 January 1989

227,391

Revaluation surplus

325,779 15,500 274,818 135,260

843,488

135,260

Unrealised inter-company profits

1,673

1,673

Profit for the year retained

19,539

19,539

At 31 December 1989

227,391

461,039

17,173

294,357

999,960

COMPANY

At 1 January 1989

227,391

330,850

Revaluation surplus

130,260

290,670 848,911 130,260

Profit for the year retained

(15,533) (15,533)

At 31 December 1989

227,391

461,110

275,137 963,638

20. LONG TERM LIABILITIES

24

Group

1989

1988

1989

HK$'000

HK$'000

HK$'000

Bank loans, secured

6,074

55,599

Other loans

102

6,074

55,701

1

Amount included in current

liabilities (note 16)

(6,074)

(49,627)

6,074

Company

1988

HK$'000

37,377

102

37,479

(37,479)