Consolidated Company
1998 1997 1998 1997
Notes $'000 $'000 $'000 $'000
Fixed assets 12 12,237 8,987 - -
Investment properties 13 364,000 - - -
Properties under development
for long-term investment 14 420,923 100,259 - -
Investment in subsidiaries 15 - - 423,758 -
Investment in associated company 16 5,868 3,778 - -
Other investment 17 66,074 - - -
Current assets 18 1,697,359 991,847 309,193 100
Current liabilities 19 (901,584) 610,944) (229) (44)
________________________________________________________________________
1,664,877 493,927 732,722 56
Land premium payable 20 (98,970)(182,318) - -
Deferred taxation 21 (300,227) (82,389) - -
________________________________________________________________________
Net assets 1,265,680 229,220 732,722 56
========= ======= ======= ==
Representing:
Share capital 22 100,000 75,000 100,000 100
Reserves 23 1,127,278 130,111 632,722 (44)
________________________________________________________________________
Shareholders' equity 1,227,278 205,111 732,722 56
Minority interests 38,402 24,109 - -
________________________________________________________________________
1,265,680 229,220 732,722 56
========= ======= ======= ==
Approved by the Board of Directors on 22nd March, 1999.
Chu Mang Yee Au Yeung Fu, Anthony
Director Director
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