NOTES ON THE ACCOUNTS (CONTINUED)
11. INTEREST IN SUBSIDIARIES (continued)
Details of the subsidiaries are as follows:-
Ordinary share capital
% held
by the
Issued ($)
company
HYFCO Development Co. Ltd.
12,000,030
100
% held
by the
group
Principal activities
Property investment
The Hong Kong Shipyard Ltd.
17,000,000
100
HYFCO Trading Services Co. Ltd.
4,500,000
100
HYFCO Estate Management & Agency Ltd.
25,000,000
100
HYFCO Properties Ltd.
21,700,000
100
Shipbuilding and
repairs
Trading and retailing
Property management
Hotel investment
HYFCO Travel Agency Ltd.
3,000,000
100
Travel business
The Hongkong and Yaumati Ferry Co. Ltd.
100,000,000
100
Ferry operations
Grand Crossing Travel Ltd.
1,350,000
|
100
Travel business
All the above subsidiaries are incorporated and operate in Hong Kong.
Grand Crossing Travel Ltd. transferred all its business to HYFCO Travel Agency Ltd. with effect from 1 January 1992, the company be-
came dormant on the same date.
12. INTEREST IN ASSOCIATE
Group
Company
1991
1990
1991
1990
HK$'000
HK$'000
HK$'000
HK$'000
Unlisted shares, at cost
Share of net liabilities
other than goodwill
Less: Provision
Amount due from associate
Name of associate
Authian Estates
Limited
Place of
incorporation
Hong Kong
(2.641)
(2,616)
(2,641)
(2,616)
(5,431)
(5,431)
(5,431)
(5,431)
8,974
8,917
8,974
8,917
902
870
3,543
3,486
Description of
shares held
Percentage held
Principal
indirectly
"A" ordinary
50%
activiites
Property
investment &
development
22
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