NOTES ON THE ACCOUNTS (Continued)
12. INTEREST IN SUBSIDIARIES (continued)
Details of the subsidiaries are as follows:-
Ordinary share capital
% held
% held
by, the
Issued ($) company
by the group
Principal activities
HYFCO Development Co. Ltd.
12,000,030
The Hong Kong Shipyard Ltd.
17,000,000
HYFCO Trading Services Co. Ltd. 4,500,000
HYFCO Ferries, Ltd.
25,000,000
HYFCO Properties Ltd.
21,700,000
HYFCO Travel Agency Ltd.
3,000,000
The Hongkong and Yaumati
Ferry Co. Ltd.
100,000,000
Grand Crossing Travel Ltd.
1,350,000
Property investment Shipbuilding and repairs Trading and retailing Investment holding Hotel investment Travel business
Ferry operations
Travel business
All the above subsidiaries are incorporated and operate in Hong Kong.
100
100
100
100
100
100
Į
100
-
100
13. INTEREST IN ASSOCIATE
Group
Company
1989
1988
HK$'000
HK$'000
1989
HK$'000
1988
HK$'000
Unlisted shares, at cost
5
5
Share of accumulated post
acquisition losses
(2,595)
(2,569)
Amounts due from associate
less provision
3,462
3,436
3,462
3,436
872
872
3,462
3,436
Name of associate
Place of incorporation
Description of shares held
Percentage held
Principal
indirectly
activities
Authian Estates Limited
Hong Kong
"A" Ordinary
50%
Property
14. OTHER INVESTMENTS
22
investment & development
Company
Group
1989
1988
1989
1988
HK$'000
HK$'000
HK$'000
HK$'000
Unlisted shares, at cost Others
253
16,927
253 16,570
230 16,927
230 16,570
17,180
16,823
17,157
16,800
Provision for diminution in value
(148)
(148)
(125)
(125)
17,032
16,675
17,032
16,675