24
Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Notes to the Accounts (Continued)
FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS (Continued)
(e)
Fair value measurement (Continued)
(ii)
Fair values of financial assets and liabilities carried at other than fair value
The carrying amounts of the Group's and the Company's financial instruments carried at cost or
amortised cost are not materially different from their fair values at 31 December 2013 and 2012 except
for the following financial instruments, for which their carrying amounts and fair value are disclosed
below:
Note
Carrying
amounts at
31 December
2013
HK$'000
Fair value at
31 December
2013
HK$'000
Carrying
amounts at
31 December
Fair value at
31 December
2012
HK$'000
2012
HK$'000
The Group
Amounts due from associates
(1)
5,497
5,131
Available-for-sale securities:
- Unlisted
(2)
45
45
The Company
Amounts due from associates (1)
Available-for-sale securities:
2,698
- Unlisted
(2)
45
Amounts due from subsidiaries (3)
4,396,745
Notes:
(1)
(2)
(3)
T
2,902
45
4,395,070
I
113
I
The amounts due from associates (except for HK$5,652,000 (2012: HK$10,860,000) due from 20K) are unsecured, interest-free and have no fixed terms of repayment. Given these terms it is not meaningful to disclose their fair values.
These investments do not have a quoted market price in an active market and whose fair value cannot be realiably measured. They are recognised at cost less impairment losses.
The amounts due from subsidiaries are unsecured, interest free and have no fixed terms of repayment. Given these terms it is not meaningful to disclose their fair values.
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Hong Kong Ferry (Holdings) Company Limited Annual Report 2013