88
Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
14
INTEREST IN SUBSIDIARIES
Unlisted shares, at cost
Amounts due from subsidiaries
Less: Impairment losses
The Company
2013
HK$'000
2012
HK$'000
166,888
166,888
4,988,232
4,987,370
(693,285)
(694,098)
4,461,835
4,460,160
The amounts due from subsidiaries are unsecured, interest-free and have no fixed terms of repayment. The balances are
not expected to be recovered within one year.
The amounts due to subsidiaries are unsecured, interest-free and repayable on demand.
Details of the principal subsidiaries at 31 December 2013, which materially affect the results, assets or liabilities of the Group, are as follows:
Particulars of
issued and paid
up capital
HK$
Proportion of ownership interests
Held
by the Company subsidiaries
Held
by
Principal
activities
HYFCO Development Company, Limited
12,000,030
100%
The Hong Kong Shipyard Limited
17,000,000
100%
Property investment
Shipbuilding and repairs
HYFCO Trading and Investments
2
100%
Trading
Company Limited
HYFCO Estate Management &
Agency Limited
25,000,000
100%
—
Property management
HYFCO Travel Agency Limited
3,500,000
100%
Travel business
The Hongkong and Yaumati Ferry Company Limited
100,000,000
100%
Ferry operations
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