Notes on The Accounts (Continued)
9.
INTEREST IN SUBSIDIARIES
Unlisted shares, at cost
Amount due from subsidiaries
Details of the subsidiaries are as follows:-
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The company
1996
1995
$000's
$000's
1,018,356
1,018,356
104,780
8,558
1,123,136
1,026,914
Issued
Name of
company
Place of incorporation
Place of operation
ordinary
Percentage
Principal
share capital directly held
activity
Island Communication Enterprises Limited
Hong Kong
Hong Kong 185,073,024
100%
Investment holding
HK$1 shares
Heartwell Limited
Hong Kong
Hong Kong
9,000,002 HK$10 shares
100%
Investment holding
Communication Holdings Limited
British Virgin Islands Hong Kong
35,900,010 HK$10 shares
100%
Investment holding
10. INTEREST IN ASSOCIATED COMPANIES
Share of net tangible assets other than goodwill:
Unlisted shares
Loans to associated companies
Details of the associated companies are as follows:-
The group
1996
1995
$000's
$000's
(326)
(192)
1,139,663
1,139,663
1,139,337
1,139,471
Name of
company
Place of incorporation
Percentage of shares held
Swire and Island Communication
British Virgin Islands
Developments Limited
Ordinary shares - 40% Non-voting dividend shares - 100%
("Swire and Island”)
Island Land Development Limited ("Island Land")
British Virgin Islands
Hareton Limited ("Hareton")
Hong Kong
Ordinary shares - 50%
Ordinary shares - 50%
Principal activity
Property development for resale and investment
Property development
for resale and investment
Property development for resale and investment
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