Notes to Fina - æ島æ°èéå
Notes to Fina - æ島æ°èéå
Notes to Fina - æ島æ°èéå
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<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 />
37. NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT<br />
(continued)<br />
37. <br />
(c)<br />
Summary of effects of disposal of subsidiaries<br />
(c)<br />
<br />
and discontinued operations<br />
<br />
<strong>Notes</strong><br />
<br />
Year ended<br />
31 December<br />
2002<br />
<br />
<br />
<br />
HK$’000<br />
<br />
Net assets disposed of:<br />
<br />
Fixed assets 15 144,900<br />
Long term investment 500<br />
Properties held for sale 22,735<br />
Inven<strong>to</strong>ries 24,369<br />
Trade and bills receivables, prepayments, <br />
deposits and other receivables<br />
<br />
87,255<br />
Tax recoverable 47<br />
Cash and bank balances 124,699<br />
Trade and bills payables, other<br />
<br />
payables and accruals (72,065)<br />
Tax payable (3,124)<br />
Provision for long service payments 32 (625)<br />
Deferred tax 33 (6,886)<br />
Minority interests (26,751)<br />
Net assets disposed of 295,054<br />
Capital reserve realised on disposal (84,213)<br />
Gain on disposal* * 93,352<br />
Gain on disposal of discontinued operations 8 207,312<br />
511,505<br />
Satisfied by:<br />
<br />
Cash consideration, net of expenses 536,088<br />
Deferred income 31 (24,583)<br />
511,505<br />
150<br />
Global China Group Holdings Limited Annual Report 2002