Annual Report 2012 - e-KONG Group Limited

e-KONG GROUP LIMITEDNotes to the Consolidated Financial Statements (continued)For the year ended 31 December 201217. INTERESTS IN SUBSIDIARIESCompany2012 2011HK$’000 HK$’000Unlisted shares, at cost – –Due from subsidiaries 541,624 614,334Less: Provisions (449,132) (449,132)92,492 165,202Except for an amount of HK$63,714,000 included in the comparative figures as at 31 December 2011, whichamount bore interest at 5.5% per annum, was repaid during the year ended 31 December 2012, those amountsdue from subsidiaries are unsecured, interest-free and not expected to be repaid within one year. The carryingvalues of the amounts due approximate their fair values.Details of the principal subsidiaries at the end of the reporting period are as follows:Name of subsidiaryPlace ofincorporation /operationParticulars ofissued sharecapitalEffectiveownershipinterest held bythe CompanyPrincipal activitiesDirectlyIndirectlyZone USA, Inc.United Statesof AmericaUS$10 – 100% Investment holdingZONE Telecom Pte Ltd Singapore S$100,000 – 100% Provision oftelecommunicationservicesZONE Resources Limited Hong Kong HK$2 – 100% Provision ofconsultancy servicesZONE Limited Hong Kong HK$2 – 100% Provision oftelecommunicationservicesZONE Global LimitedBritish VirginIslandsUS$1 – 100% Investment holdingZONE Channel ServicesLimitedHong Kong HK$2 – 100% Provision ofmarketing andpromotion servicesspeedinsure Global LimitedBritish VirginIslandsUS$10,102 – 100% Investment holding66Annual Report 2012