Notes to Fina - æ島æ°èéå
Notes to Fina - æ島æ°èéå
Notes to Fina - æ島æ°èéå
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ncial Statements<br />
<br />
<br />
26. CASH AND CASH EQUIVALENTS<br />
26. <br />
Group<br />
Company<br />
<br />
<br />
2002 2001 2002 2001<br />
<br />
HK$’000 HK$’000 HK$’000 HK$’000<br />
<br />
Cash and bank balances 167,386 145,588 347 6,577<br />
Time deposits 591,619 140,095 73,167 —<br />
759,005 285,683 73,514 6,577<br />
At the balance sheet date, the cash and bank balances<br />
of the Group denominated in Renminbi (“RMB”)<br />
amounted <strong>to</strong> HK$15,739,000 (2001: HK$6,060,000). The<br />
RMB is not freely convertible in<strong>to</strong> other currencies,<br />
however, under Mainland China’s Foreign Exchange<br />
Control Regulations and Administration of Settlement,<br />
Sales and Payment of Foreign Exchange Regulations,<br />
the Group is permitted <strong>to</strong> exchange RMB for other<br />
currencies through banks authorised <strong>to</strong> conduct foreign<br />
exchange business.<br />
<br />
15,739,000<br />
6,060,000<br />
<br />
<br />
<br />
<br />
Global China Group Holdings Limited Annual Report 2002<br />
119