1989 — Page 27

20. LONG TERM LIABILITIES (Continued)

The above loans were repayable at the end of the year as follows:-

Group

Company

1989

HK$'000

1988

HK$'000

1989

HK$'000

1988

HK$'000

Between 1 and 2 years

6,074

Between 2 and 5 years

6,074

The company has executed an "all monies" mortgage in favour of a bank charging K.M.L. No. 112 and extension thereto and buildings erected thereon to secure general banking facilities granted to the company.

21. CAPITAL AND OTHER COMMITMENTS

At the year end, the group had commitments under operating leases to make payments in the next year in respect of land and buildings as follows:-

Leases expiring within 1 year

Leases expiring after 1 year but

within 5 years

Leases expiring after 5 years

1989

HK$'000

1988

HK$'000

1,375

823

4,162

4,570

1,427

1,385

6,964

6,778

22. CONTINGENT LIABILITIES

The company has given guarantees to a bank to the extent of $12,000,000 (1988-$12,000,000) to secure banking facilities granted to subsidiaries.

23. COMPARATIVE FIGURES

Certain comparative figures in these accounts have been re-classified to conform to the current year's presentation.

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