1998          1997
                                         Notes       HK$'000       HK$'000

FIXED ASSETS                               9         185,810       192,164

PREPAID RENTAL                             10          7,061         7,798

DEFERRED PRODUCT DEVELOPMENT COSTS         11          5,829         3,954

DEFERRED PRE-OPERATING EXPENSES            12          3,363         4,466

INTERESTS IN ASSOCIATED COMPANIES          14            363         1,056
                                                    --------      --------
                                                     202,426       209,438

CURRENT ASSETS                             15        198,043       256,130

CURRENT LIABILITIES                        17       (138,538)     (165,497)
                                                    --------      --------
NET CURRENT ASSETS                                    59,505        90,633
                                                    --------      --------
TOTAL ASSETS LESS CURRENT LIABILITIES                261,931       300,071

LONG TERM BANK BORROWINGS                  18        (13,247)      (16,944)

DEFERRED TAXATION                          19             --        (1,196)

MINORITY INTERESTS                                    (8,806)       (8,802)
                                                    --------      --------
                                                     239,878       273,129
                                                    ========      ========
SHARE CAPITAL                              20         43,923        43,923

RESERVES                                   21        195,955       229,206
                                                    --------      --------
                                                     239,878       273,129
                                                    ========      ========

             Yau Tak Wah, Paul                     Yung Ip Ki
                 Director                           Director