2013 — Page 90

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Hong Kong Ferry (Holdings) Company Limited Annual Report 2013

Notes to the Accounts (Continued)

14

INTEREST IN SUBSIDIARIES

Unlisted shares, at cost

Amounts due from subsidiaries

Less: Impairment losses

The Company

2013

HK$'000

2012

HK$'000

166,888

166,888

4,988,232

4,987,370

(693,285)

(694,098)

4,461,835

4,460,160

The amounts due from subsidiaries are unsecured, interest-free and have no fixed terms of repayment. The balances are

not expected to be recovered within one year.

The amounts due to subsidiaries are unsecured, interest-free and repayable on demand.

Details of the principal subsidiaries at 31 December 2013, which materially affect the results, assets or liabilities of the Group, are as follows:

Particulars of

issued and paid

up capital

HK$

Proportion of ownership interests

Held

by the Company subsidiaries

Held

by

Principal

activities

HYFCO Development Company, Limited

12,000,030

100%

The Hong Kong Shipyard Limited

17,000,000

100%

Property investment

Shipbuilding and repairs

HYFCO Trading and Investments

2

100%

Trading

Company Limited

HYFCO Estate Management &

Agency Limited

25,000,000

100%

—

Property management

HYFCO Travel Agency Limited

3,500,000

100%

Travel business

The Hongkong and Yaumati Ferry Company Limited

100,000,000

100%

Ferry operations

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