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Notes to Fina - 星島新聞集團

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<strong>Notes</strong> <strong>to</strong> <strong>Fina</strong><br />

<strong>Notes</strong> <strong>to</strong> <strong>Fina</strong>ncial Statements<br />

31 December 2002<br />

20. INTERESTS IN JOINTLY-CONTROLLED ENTITIES<br />

(continued)<br />

20. <br />

The above table lists the jointly-controlled entities of<br />

the Group which, in the opinion of the direc<strong>to</strong>rs,<br />

principally affected the results for the year or formed<br />

a substantial portion of the net assets of the Group. To<br />

give details of other jointly-controlled entities would,<br />

in the opinion of the direc<strong>to</strong>rs, result in particulars of<br />

excessive length.<br />

<br />

<br />

<br />

<br />

<br />

# Not audited by Ernst & Young Hong Kong or other Ernst<br />

& Young International member firms.<br />

# Ernst &<br />

Young International <br />

21. INTERESTS IN ASSOCIATES<br />

21. <br />

Group<br />

Company<br />

<br />

<br />

2002 2001 2002 2001<br />

<br />

HK$’000 HK$’000 HK$’000 HK$’000<br />

<br />

Unlisted shares, at cost<br />

<br />

— — 8,979 10,729<br />

Less: Provision for impairment — — (8,979) (10,729)<br />

— — — —<br />

Share of net assets 5,488 5,320 — —<br />

Due from associates 17,528 21,358 — —<br />

Less: Provisions for amounts due <br />

from associates (10,224) (11,137) — —<br />

12,792 15,541 — —<br />

The amounts due from associates are unsecured,<br />

interest-free and have no fixed terms of repayment.<br />

<br />

<br />

114<br />

Global China Group Holdings Limited Annual Report 2002

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