48
Hong Kong Ferry (Holdings) Co. Ltd.
Notes on the Accounts
15. OTHER NON-CURRENT FINANCIAL ASSETS
Group
Company
Non-trading securities
1999
HK$'000
1998
HK$'000
1999
HK$'000
1998
HK$'000
Unlisted shares, at cost
16,261
16,261
16,256
16,256
Less: Provision for
diminution in value
(16,140)
(16,140)
(16,140)
(16,140)
121
121
116
116
Advances to investee
companies less provision
7,682
7,780
7,181
7,280
7,803
7,901
7,297
7,396
Listed shares
- in Hong Kong
77,627
69,752
- outside Hong Kong
353
1,304
77,980
71,056
Less: Provision for
diminution in value
(5,377)
77,980
65,679
Total investments
85,783
73,580
7,297
7,396
Market value of listed
shares at 31 December
77,980
49,545
Included in unlisted investments are interests in two companies, namely, Authian Estates Limited and Celelight Company Limited, both incorporated in Hong Kong, in which the Group respectively holds 50% and 33% of equity interest. The equity method of accounting for these companies is not adopted as the results and net assets of these companies are not material to the Group.
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