United Energy Group Limited - HKExnews

Annual Report 2009
Notes to the Financial Statements
For the nine months ended 31 December 2009
30. NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS (Continued)
(a) Acquisition of subsidiaries (Continued)
The subsidiaries acquired during the period contributed loss of approximately HK$12,656,000 to the
Group’s loss for the period between the date of acquisition and the end of the reporting period.
If the acquisition had been completed on 1 April 2009, total Group turnover for the period would have been
approximately HK$25,357,000, and loss for the period would have been approximately HK$79,218,000.
The proforma information is for illustrative purposes only and is not necessarily an indication of the turnover
and results of operations of the Group that actually would have been achieved had the acquisition been
completed on 1 April 2009, nor is intended to be a projection of future results.
(b)
Major non-cash transactions
(i) During the period ended 31 December 2009, the Group has lost a motor vehicle with a carrying
amount of HK$360,000. The Group has lodged an insurance claim of HK$350,000 and the insurer
has agreed to discharge the claimable amount. The compensation has not yet been received at the
end of reporting period and is included in trade and other receivables at the end of the reporting
period.
(ii)
During the year ended 31 March 2009, the Group entered into a sale and purchase agreement
in connection with the disposal of its 30% equity interest in an associate, Dadongfang, for a
cash consideration of approximately HK$101,589,000. According to the agreement, the cash
consideration will be settled on or before 20 July 2009. The amount has not yet been settled at 31
March 2009 and is included in trade and other receivables as disclosed in note 19 to the financial
statements. The consideration was fully settled during the period ended 31 December 2009.
31. CAPITAL COMMITMENTS
The Group’s capital commitments at the end of reporting periods are as follows:
At 31 At 31
December 2009 March 2009
HK$’000
HK$’000
Contracted but not provided for:
Acquisition of property, plant and equipment 11,492 481
Research and development expenditures – 83
11,492 564
83