136
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
13 INTEREST IN ASSOCIATES (Continued)
Aggregate information of associates that are not individually material:
2018
HK$'000
2017
HK$'000
Aggregate carrying amount of individually immaterial associates
in the consolidated financial statements
71
147
Aggregate amounts of the Group's share of those associates'
Profit for the year
1,005
926
Total comprehensive income
1,005
926
14 INTEREST IN A JOINT VENTURE
Share of net liabilities
Loan to a joint venture
2018
2017
HK$'000
HK$'000
(237)
(105)
1,364,400
1,364,400
1,364,163
1,364,295
The loan to a joint venture is unsecured, interest-bearing at a rate to be agreed by the Group and the joint venture partner and recoverable on demand. The balance is not expected to be recovered within one year. During the years and as at 31 December 2018 and 2017, the balance did not bear any interest.
Details of the Group's interest in the joint venture, which is accounted for using the equity method in the consolidated financial statements, are as follows:
Form of
Name of joint venture
business
structure
Place of
incorporation and business
Particulars of issued capital
Proportion of ownership interest held by
subsidiaries Principal activity
Win Standard Enterprises
Limited
Incorporated
Hong Kong
10,000 ordinary shares
50% Property development
The joint venture is an unlisted corporate entity whose quoted market price is not available.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018