NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
22 CASH AND BANK BALANCES (Continued)
(a)
(Continued)
Included in cash and bank balances are the following amounts denominated in a currency other than Hong Kong dollars:
United States dollars
Renminbi
(b)
Major non-cash transactions
2016
'000
2015
'000
USD
4 USD
9
RMB
44
RMB
1
(c)
During the year ended 31 December 2016, the Group has payable in relation to additions of properties under development for sale of HK$35,892,000 (2015: HK$16,891,000) and additions of available-for-sale securities of HK$61,352,000 (2015: HK$Nil) arising from the redemption of other financial assets upon maturity. These additions have no cash flow impact to the Group.
Disposal of subsidiaries
(i)
(ii)
On 6 October 2016, the Group completed the disposal of its 100% equity interest in HYFCO Travel Group to Miramar Travel for a total consideration of HK$4,587,000. This resulted in a net gain on disposal of subsidiaries of $4,561,000.
Net assets disposed of:
2016
HK$'000
Other property, plant and equipment
Trade and other receivables
Cash and cash equivalents
Trade and other payables
439
10,042
2,278
(12,733)
Net assets
26
Net gain on disposal of subsidiaries
4,561
Total consideration
4,587
Satisfied by:
Cash
2016
HK$'000
4,587
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2016 123
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