NOTES ON THE ACCOUNTS (CONTINUED)
9.
FIXED ASSETS (continued)
(i) Leasehold land is held in Hong Kong and comprises the following:
Group and company
1991
HK$'000
1990
HK'000
Long lease
Medium term lease
15,726
15.726
304
311
Short term lease
58
16,030
16,095
(ii)
The group's investment properties are held in Hong Kong on long leases and have been revalued by a senior executive of the
company, who is a Fellow of The Royal Institution of Chartered Surveyors, at 31 December 1991 on an open market value basis calculated on net rental income allowing for reversionary potential.
10. ASSETS UNDER CONSTRUCTION, AT COST
Property under development
At 1 January 1991
Additions
At 31 December 1991
11. INTEREST IN SUBSIDIARIES
Group
1991
1990
HK$'000
HK$'000
570
8,868
570
9,438
570
Company
1991
1990
HK$'000
HK'000
Unlisted shares, at cost
164,108
164,108
Amounts due from subsidiaries
10,497
18,974
174,605
183,082
Amounts due to subsidiaries
(72,372)
(57.522)
102,233
125,560
21
No comments yet.
Private notes are available after approval.