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NOTES TO THE ACCOUNTS<br />
18. Investments in finance leases (Cont’d)<br />
The finance leases are receivable in the following years:<br />
82 <strong>Johnson</strong> <strong>Electric</strong> Holdings Limited<br />
Net Unearned Gross<br />
investment finance income receivables<br />
2006 2005 2006 2005 2006 2005<br />
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000<br />
Within one year 8 15 8 22 16 37<br />
In the second to fifth year 36 75 27 78 63 153<br />
After the fifth year 116 351 30 125 146 476<br />
160 441 65 225 225 666<br />
The Group has entered into agreements with its employees whereby certain leasehold property assets of the Group<br />
which are located in Hong Kong are leased to these employees. Under the terms of these agreements, substantially<br />
all the risks and rewards of ownership of the assets are transferred to the employees. Consequently, these transactions<br />
are accounted for as finance leases.<br />
19. Other financial assets at fair value through profit or loss<br />
Group 2006 2005<br />
US$’000 US$’000<br />
Listed securities:<br />
– Equity securities – US 2 –<br />
Market value of listed securities 2 –<br />
Unlisted securities: 2,705 –<br />
The carrying amounts of the above financial assets are classified as follows:<br />
Designated as fair value through profit or loss on initial recognition 2,707 –<br />
2,707 –<br />
Other financial assets at fair value through profit or loss are presented within the section on operating activities as<br />
part of changes in working capital in the cash flow statement (note 41).
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