2013 — Page 115

24

Hong Kong Ferry (Holdings) Company Limited Annual Report 2013

Notes to the Accounts (Continued)

FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS (Continued)

(e)

Fair value measurement (Continued)

(ii)

Fair values of financial assets and liabilities carried at other than fair value

The carrying amounts of the Group's and the Company's financial instruments carried at cost or

amortised cost are not materially different from their fair values at 31 December 2013 and 2012 except

for the following financial instruments, for which their carrying amounts and fair value are disclosed

below:

Note

Carrying

amounts at

31 December

2013

HK$'000

Fair value at

31 December

2013

HK$'000

Carrying

amounts at

31 December

Fair value at

31 December

2012

HK$'000

2012

HK$'000

The Group

Amounts due from associates

(1)

5,497

5,131

Available-for-sale securities:

- Unlisted

(2)

45

45

The Company

Amounts due from associates (1)

Available-for-sale securities:

2,698

- Unlisted

(2)

45

Amounts due from subsidiaries (3)

4,396,745

Notes:

(1)

(2)

(3)

T

2,902

45

4,395,070

I

113

I

The amounts due from associates (except for HK$5,652,000 (2012: HK$10,860,000) due from 20K) are unsecured, interest-free and have no fixed terms of repayment. Given these terms it is not meaningful to disclose their fair values.

These investments do not have a quoted market price in an active market and whose fair value cannot be realiably measured. They are recognised at cost less impairment losses.

The amounts due from subsidiaries are unsecured, interest free and have no fixed terms of repayment. Given these terms it is not meaningful to disclose their fair values.

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Hong Kong Ferry (Holdings) Company Limited Annual Report 2013