HONG KONG MONETARY AUTHORITY Annual Report 1996
NOTES ON THE ACCOUNTS*
| 10. OTHER ASSETS |
|
1996
HK$ million |
1995 HK$ million |
|||
|---|---|---|---|---|
| Investments in subsidiary and associated companies |
-
|
-
|
||
| Loans to subsidiary and associated companies |
293
|
35
|
||
| Investment in Bank for International Settlements |
300
|
-
|
||
| Staff housing loans |
73
|
56
|
||
| Others |
8,702
|
9,053
|
||
| Total other assets |
9,368
|
9,144
|
Investment in subsidiary and associated companies
Investment in the subsidiary company, Hong Kong Note Printing Limited (HKNPL) comprises 10 ordinary shares of $10 each which represents a 100% holding. The investment cost amounts to $100 as at 31 December 1996 (1995 - nil). HKNPL was incorporated in Hong Kong. Its principal business is the production of Hong Kong dollar currency bank notes. The financial information relating to HKNPL for the year ended 31 December 1996 is:
| HK$ million | ||||
|---|---|---|---|---|
| Fixed assets |
250
|
|||
| Current assets |
58
|
|||
| Current liabilities |
(15)
|
|||
| Net current assets |
43
|
|||
| Long-term liabilities |
(9)
|
|||
|
284
|
||||
| FINANCED BY | ||||
| Share capital |
-
|
|||
| Reserves |
29
|
|||
| Loan from shareholder |
255
|
|||
|
284
|
||||
| Profit for the year |
36
|
|||
| Taxation |
(7)
|
|||
| Profit after taxation |
29
|