United Energy Group Limited - HKExnews

Annual Report 2009
Notes to the Financial Statements
For the nine months ended 31 December 2009
26. SHARE CAPITAL (Continued)
The Group monitors capital by maintaining a net cash position throughout the year. The Group manages the capital
structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of
the underlying assets. In order to maintain the capital structure, the Group may adjust the payment of dividends,
new share issues and raise new debts.
The Group’s strategy is to maintain a solid base to support the operations and develop of its business in the long
term. No changes were made in the objectives, policies or processes during the year ended 31 March 2009 and
period ended 31 December 2009.
The only externally imposed capital requirement is that for the Group to maintain its listing on the Stock Exchange
it has to have a public float of at least 25% of the shares. The Group receives a report from the share registrars
periodically on substantial share interests showing the non-public float and it demonstrates continuing compliance
with the 25% limit throughout the year. As at 31 December 2009, 30% (31 March 2009: 30%) of the shares were
in public hands.
27. STATEMENT OF FINANCIAL POSITION OF THE COMPANY
At 31 At 31
December 2009 March 2009
Note HK$’000 HK$’000
Investments in subsidiaries 4,832,952 4,769,873
Investments in an associates – 100,092
Trade and other receivables 1,120 1,699
Financial assets at fair value
through profit or loss 3,800 23,804
Due from subsidiaries 640,475 421,193
Pledged bank deposits 4,680 –
Bank and cash balances 1,458,872 1,723,687
Trade and other payables (3,051) (5,209)
Derivative financial instruments – (7,727)
Due to directors (7,446) (6,161)
NET ASSETS 6,931,402 7,021,251
Capital and reserves
Share capital 127,771 127,771
Reserves 28(B) 6,803,631 6,893,480
TOTAL EQUITY 6,931,402 7,021,251
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