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The terms of the management agreements, which arefor periods ranging from 2 to 5 years, provide for thefollowing:(a) the guarantee of the return of the principal sumsfrom 95% to 100% by the fund managers at the end ofthe relevant fund management period; andMovements in provision for diminution in value ofamounts under fund management during the year areas follows:Amounts under fund management can be analysedas follows:17. BANK AND OTHER LIQUID FUNDS(b) the fees payable to the fund manager include a share,in specified proportions, of any surplus (determined atthe end of the relevant fund management period) arisingfrom the management of the fund.As the surplus, if any, arising from the management ofthese funds can only be determined at the end of therelevant fund management period, such surplus, if any,will be recognised as income then.GROUP2000 1999$’000 $’000At beginning of the year 11,742 11,027(Write back) charge to profit and loss account (3,444) 715At end of the year 8,298 11,742GROUP2000 1999$’000 $’000Quoted equity investments at market value 67,452 120,317Quoted bond investments at market value 249,298 298,058Cash 266,177 197,459582,927 615,834GROUPCOMPANY2000 1999 2000 1999$’000 $’000 $’000 $’000Fixed deposits with financial institutions 697,118 830,240 86,931 153,139Cash and bank balances 122,175 71,183 45,717 5,451819,293 901,423 132,648 158,59018. TRADE DEBTORSMovements in provision for doubtful debts during theyear are as follows:19. OTHER DEBTORS, DEPOSITS AND PREPAYMENTSNon-trade debtors are stated after provision fordoubtful debts:GROUP2000 1999$’000 $’000Trade debtors 419,545 318,678Provision for doubtful debts (73,305) (54,119)Provision for unestablished claims (4) (26)346,236 264,533Unbilled receivables 44,522 14,458390,758 278,991GROUP2000 1999$’000 $’000At beginning of the year 54,119 54,530(Write back) charge to profit and loss account (2,612) 5,447Bad debts written off against provision (1,990) (6,018)Acquisition of subsidiary 23,788 145Translation difference – 15At end of the year 73,305 54,119GROUPCOMPANY2000 1999 2000 1999$’000 $’000 $’000 $’000Deposits 2,209 1,303 – –Prepayments 11,462 3,107 – –Interest receivable 4,944 4,459 863 691Other recoverables 3,106 1,153 – –Non-trade debtors 6,950 6,490 25 1328,671 16,512 888 704GROUP2000 1999$’000 $’000At beginning of the year 478 394(Write back) charge to profit and loss account (428) 84At end of the year 50 478156 • visionnotes to the financial statements • 157