NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FIXED ASSETS (Continued)
13
(c)
The Group leases out investment properties under operating leases. The leases typically run for an initial period of one month to three years, with an option to renew the lease after that date at which time all terms are renegotiated. Certain of the leases include contingent rentals calculated with reference to the revenue of tenants.
All properties held under operating leases that would otherwise meet the definition of investment properties are classified as investment properties.
The Group's total future minimum lease payments under non-cancellable operating leases are receivable as follows:
14
Within 1 year After 1 year but within 5 years
INTEREST IN SUBSIDIARIES
Unlisted shares, at cost
Amounts due from subsidiaries
Less: Impairment losses
2014
HK$'000
2013
HK$'000
36,680
34,752
30,414
21,407
67,094
56,159
The Company
2014
HK$'000
2013
HK$'000
166,888
166,888
5,014,222
4,988,232
(684,244)
(693,285)
4,496,866
4,461,835
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.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
79