Notes to Fina - æå³¶æ°èéå

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ncial Statements 17. GOODWILL AND NEGATIVE GOODWILL (continued) 17. As detailed in note 3 to the financial statements, on the adoption of SSAP 30, the Group applied the transitional provision of SSAP 30 that permitted negative goodwill in respect of acquisitions which occurred prior to 1 April 2001, to remain credited to the capital reserve. 3 30 30 The aggregate amount of the negative goodwill remaining in capital reserve, arising from the acquisition of subsidiaries prior to 1 April 2001, were HK$212,827,000 and HK$128,614,000, as at 1 January 2002 and 31 December 2002, respectively. 212,827,000128,614,000 18. INTERESTS IN SUBSIDIARIES 18. Company 2002 2001 HK$’000 HK$’000 Unlisted shares, at cost 115,258 115,258 Less: Provisions for impairment (110,258) (110,258) 5,000 5,000 Due from subsidiaries 1,362,680 1,030,764 Less: Provisions for amounts due from subsidiaries (318,134) (245,425) 1,044,546 785,339 Due to subsidiaries (267,575) (25,214) 781,971 765,125 The balances with subsidiaries are unsecured, interestfree and have no fixed terms of repayment. Global China Group Holdings Limited Annual Report 2002 107
Notes to Fina Notes to Financial Statements 31 December 2002 18. INTERESTS IN SUBSIDIARIES (continued) 18. Particulars of the principal subsidiaries as at 31 December 2002 are set out in note 44 to the financial statements. 44 19. INVESTMENT IN AN UNCONSOLIDATED SUBSIDIARY Group and Company 19. 2002 2001 HK$’000 HK$’000 Unlisted shares, at cost 36,000 36,000 Less: Provision for impairment (36,000) (36,000) — — The investment represents the cost incurred by the Company under an agreement completed in January 2000 (the “Agreement”) to acquire a 70% equity interest in Artland International Limited (“Artland”), an investment holding company incorporated in Hong Kong, the sole asset of which is a 50% equity interest in Sichuan Allday TV Development Co., Ltd. (“Sichuan Allday”), a Sino-foreign equity joint venture established in the PRC. At the balance sheet date, of the total consideration of HK$36,000,000, the Company had paid HK$18,000,000; the remaining HK$18,000,000 of the original purchase consideration has been included as a liability in other payables and accruals. 70% 50% 36,000,000 18,000,000 18,000,000 108 Global China Group Holdings Limited Annual Report 2002
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CONTENTS CONTENTS Global China Gro
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nformation AUDITORS Ernst & Young
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Statement I am also proud to tell
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05 06 07 08 09 05: “Sing Tao Dai
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cussion and Analysis The gearing r
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cussion and Analysis 1. Newspaper
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cussion and Analysis With the acqu
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cussion and Analysis 1. Print Medi
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cussion and Analysis With a view t
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cussion and Analysis Although we h
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04 05 06 07 08 04: China Touch Med
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enior Management Mr. Jia Hong Ping
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enior Management Mr. Yang Yiu Chon
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enior Management Dr. Tong Yuk Lun,
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enior Management Ms. Chan has over
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e Directors SUMMARY FINANCIAL INFOR
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e Directors DIRECTORS The directors
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e Directors DIRECTORS’ INTERESTS
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e Directors Save as disclosed above
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e Directors Following the commencem
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e Directors AUDITORS Ernst & Young
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e Auditors We planned and performe
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fit and Loss Account Period from
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Balance Sheet 2002 2001 Notes H
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ent of Changes in Equity Issued I
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sh Flow Statement Period from 1 A
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sh Flow Statement Period from 1 A
Page 58 and 59: Balance Sh Balance Sheet 31 Decemb
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Page 64 and 65: ncial Statements 3. SUMMARY OF SI
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Page 96 and 97: ncial Statements 10. DIRECTORS’
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Page 126 and 127: ncial Statements 33. DEFERRED TAX
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Page 148 and 149: ncial Statements 37. NOTES TO THE
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ncial Statements 40. OPERATING LE
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ncial Statements 41. COMMITMENTS
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ncial Statements 42. POST BALANCE
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ncial Statements 44. PARTICULARS
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ncial Statements 45. COMPARATIVE
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ajor Properties Approx. gross Gro
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ajor Properties Approx. gross Gro
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Notice of Gene Notice of Annual Ge
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al General Meeting (d) for the pur
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al General Meeting (c) the aggrega
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