Notes

1997

1996

=N=

=N=

Statutory deposit

1

5,000,000

5,000,000

Quoted investment

2

112,982,122

69,734,806

Unquoted investment

3

109,507,158

175,142,200

Government security

4

169,501,931

125,908,000

Fixed asset

5

827,671,618

748,273,719

Debtor

6

179,214,214

149,386,964

Cash and bank balances

41,140,236

28,888,964

Total asset

1,442,017,279

1,302,334,195

Less:

Creditors: Amount falling due within a year

7

500,7833,264

435,936,959

Net total assets

941,234,015

866,397,236

Financed by:

Share capital

9

70,000,000

40,000,000

Reserve for bonus share issue

10

30,000,000

Capital reserve

11

465,628,596

465,628,596

Contingency reserve

12

28,522,064

22,777,418

General reserve

13

5,622,488

2,466,450

Shareholders’ fund

569,773,148

560,872,464

Insurance fund

14

371,460.867

305,524,772

941,234,015

866,397,236