United Energy Group Limited - HKExnews

Annual Report 2009
Notes to the Financial Statements
For the nine months ended 31 December 2009
17. INVESTMENTS IN ASSOCIATES (Continued)
Details of the principal subsidiary of Glimmer Stone is as follows:
Percentage of
Place of Issued and ownership interest/
registration paid up voting power/ Principal
Name of entity and operation capital profit sharing activities
Group’s
effective
interest
Held
by the
associate
Grand Pacific Source British Virgin Investment
Limited Islands US$50,000 26.3% 100% holding
Summarised consolidated financial information in respect of the Group’s associates is set out below:
At 31 At 31
December 2009 March 2009
HK$’000
HK$’000
Total assets – 493,952
Total liabilities – (41,268)
Net assets – 452,684
Group’s share of associate’s net assets – 119,056
For the
For the
nine months twelve months
ended 31 ended 31
December 2009 March 2009
HK$’000
HK$’000
Total revenue – 286
Total profits for the period/year 337,169 50,907
Group’s share of associates’ profits for the period/year 88,676 12,604
71