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Notes to Fina - 星島新聞集團

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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

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