2016 — Page 114

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

15

INTEREST IN ASSOCIATES (Continued)

Aggregate information of associates that are not individually material:

2016

HK$'000

2015

HK$'000

Aggregate carrying amount of individually immaterial

associates in the consolidated financial statements

344

5,725

Aggregate amounts of the Group's share of those associates'

Profit for the year

920

1,063

Total comprehensive income

920

1,063

16

INTEREST IN A JOINT VENTURE

Share of net liabilities

Loan to a joint venture

2016

2015

HK$'000

HK$'000

(5)

1,354,400

1,354,395

The loan to a joint venture is unsecured, interest-bearing at a rate to be agreed by the Group and the joint venture partner and recoverable on demand. The balance is not expected to be recovered within one year. During the year and as at 31

December 2016, the balance did not bear any interest.

Details of the group's interest in the joint venture, which is accounted for using the equity method in the consolidated financial statements, are as follows:

Form of business

Name of joint venture

structure

Place of

incorporation

and business

Particulars of issued capital

Proportion of ownership

interest held by

subsidiaries Principal activity

Win Standard Enterprises Limited

Incorporated

Hong Kong 10,000 ordinary shares

The joint venture is an unlisted corporate entity whose quoted market price is not available.

50% Property development

112

Hong Kong Ferry (Holdings) Company Limited Annual Report 2016