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Righteous (Holdings) Limited

Consolidated Balance Sheet
At August 31,1998
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                                                   1998      1997
                                      Notes     HK$'000   HK$'000
=================================================================
FIXED ASSETS                           11       132,198   102,073
INTERESTS IN ASSOCIATED COMPANIES      13             -         -
LICENCE RIGHTS                         14        13,364         -
LONG TERM INVESTMENTS                  15         2,150     2,150
NET CURRENT (LIABILITIES) ASSETS       16       (17,686)  104,850
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NET ASSETS                                      130,026   209,073
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Financed by:
SHARE CAPITAL                          17        98,373    98,373
RESERVES                               19        31,653   110,700
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SHAREHOLDERS' FUNDS                             130,026   209,073
=================================================================
The financial statements on pages 24 to 48 were approved by the 
Board of Directors on January 22, 1999 and are signed on its behalf by:


Chan Kar Leung                              Tsui Wai Chi
Director                                       Director

The notes on pages 28 to 48 form part of these accounts.

Source : Righteous (Holdings) Limited
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