Annual Report 2007 - Hmdatalink.com hm datalink

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Notes to the consolidated financial statementsfor the year ended 31 December 200731. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Continued)Fair value of financial instruments (Continued)Except as detailed in the following table, the directors consider that the carrying amounts of financial assesand financial liabilities recorded in the consolidated financial statements approximate their fair values:2007 2006CarryingCarryingamount Fair value amount Fair valueHK$’000 HK$’000 HK$’000 HK$’000Convertible bonds 309,274 342,231 682,838 703,37432. BALANCE SHEET OF THE COMPANY2007 2006HK$’000HK$’000Non-current assetsProperty, plant and equipment 567 315Investments in subsidiaries 1 1Investments in associates 200,645 –201,213 316Current assetsOther receivables 1,054 715Amount due from subsidiaries 1,426,212 1,126,871Dividend receivables from associates 3,086 –Bank balances and cash 26,624 8,2341,456,976 1,135,820GEELY AUTOMOBILE HOLDINGS LIMITED109ANNUAL REPORT 2 0 0 7
Notes to the consolidated financial statementsfor the year ended 31 December 200732. BALANCE SHEET OF THE COMPANY (Continued)2007 2006HK$’000HK$’000Current liabilitiesOther payables 1,006 2,148Amount due to immediate holding company – 11,220Convertible bonds – embedded derivatives 19,460 53,88820,466 67,256Net current assets 1,436,510 1,068,564Total assets less current liabilities 1,637,723 1,068,880Capital and reservesShare capital 104,022 83,028Reserves 1,224,427 303,014Total equity 1,328,449 386,042Non-current liabilitiesConvertible bonds 309,274 682,8381,637,723 1,068,88033. SUBSIDIARIESDetails of the Company’s subsidiaries at 31 December 2007 are as follows:Place of incorporation/ Issued and Percentage ofregistration fully paid share/ equity interests heldName of company and operations registered capital Directly Indirectly Principal activitiesCenturion Industries Limited British Virgin Islands USD1 100% – Investment holdingValue Century Group Limited British Virgin Islands USD1 100% – Investment holding Hong Kong HK$2 100% – InactiveGeely International LimitedGEELY AUTOMOBILE HOLDINGS LIMITED110ANNUAL REPORT 2 0 0 7
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Supplying the SAFEST, the MOST ENER
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Financial Summary and HighlightsFin
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Chairman’s StatementLi Shu Fu,Cha
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Management Discussion and AnalysisO
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Organisation Chart (as of 31 Decemb
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Directors and Senior Management Pro
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Corporate Governance ReportThe Comp
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Corporate Governance ReportRelation
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Directors’ ReportThe Directors pr
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Directors’ ReportCompanies contai
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Directors’ Report(5) Hunan Geely
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Directors’ ReportDirectors’ Int
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