1984 — Page 17

12. Interest in Associated Companies

Company

Group

1984

1983

1984

1983

Unquoted shares, at cost

I

I

8,338

8,338

Share of accumulated post

acquisition losses Amount due from associated

(5,240)

(3,656)

companies less provision

8,089

7,067

30,798

25,961

8,089

7,067

33,896

30,643

Name of Associates

Place of

Incorporation

Description of shares held

Percentage held

indirectly

Authian Estates Limited

Sealink Ferries Limited

Hong Kong Hong Kong

"A" Ordinary Ordinary

50%

41.6%

A subsidiary company has charged, as a beneficial owner, all its shares in an associated company by way of a first fixed charge as a continuing security for credit facilities made available to that associated company up to the extent of $8,333,000 (1983 - $8,333,000). Included in the amount due from associated companies of the Group is an interest free subordinated loan of $16,667,000 (1983 - $16,667,000) which is only repayable at the discretion of the associated company.

13. Other Investments

Company

Group

1984

1983

1984

1983

Unquoted shares, at cost

170

170

193

193

Investment in hotel project

in Guangzhou, China, at cost

5,447

5,447

5,447

5,447

5,617

5,617

5,640

5,640

Less: Provision for diminution in value

1,040

557

1,063

580

4,577

5,060

4,577

5,060

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