Notes to Fina - 星島新聞集團

Notes to Fina
Notes to Financial Statements
31 December 2002
19. INVESTMENT IN AN UNCONSOLIDATED SUBSIDIARY
(continued)
19.
As extracted from the unaudited management accounts,
the deficiency of assets of Artland as at 31 December
2002 was HK$23,102,000 (2001: HK$23,041,000) and the
Group’s share thereof was HK$16,171,000 (2001:
HK$16,129,000). The post-acquisition loss of Artland
for the year ended 31 December 2002 was HK$61,000
(period ended 31 December 2001: HK$17,000) and the
Group’s share thereof was HK$42,000 (period ended 31
December 2001: HK$12,000).
23,102,00023,041,000
16,171,000
16,129,000
61,000
17,000
42,000
12,000
No guarantee had been given by the Group to Artland
or its creditors and thus no material contingent liability
in respect thereof is considered likely to arise.
20. INTERESTS IN JOINTLY-CONTROLLED ENTITIES
20.
Group
2002 2001
HK$’000
HK$’000
Share of net assets 161,560 181,371
Goodwill on acquisition (note 17) 17 — 14,667
161,560 196,038
Due from jointly-controlled entities 182,386 417,377
Less: Provisions for amounts due
from jointly-controlled
entities (108,586) (337,113)
73,800 80,264
235,360 276,302
110
Global China Group Holdings Limited Annual Report 2002