notes to the accounts continued 2002 annual report i cable communications limited 42 note 1 significant accounting policies a statement of compliance these have been prepared in accordance with all applicable statements standard practice and interpretations issued by hong kong society accountants hksa principles generally accepted requirements companies ordinance also comply disclosure provisions rules governing listing securities on stock exchange summary adopted group is set out below b basis preparation measurement used historical cost except for certain investments which are recorded at fair value as explained c subsidiaries controlled enterprises subsidiary company directly or indirectly holds more than half share capital controls voting power composition board directors considered
