NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
15 INTEREST IN ASSOCIATES
Share of net assets
Amounts due from associates
Less: impairment loss
2017
HK$'000
2016
HK$'000
147
344
15,756
16,899
15,903
17,243
(6,794)
(6,794)
9,109
10,449
Except for the amount advanced to 20K Company Limited ("20K") which is interest-bearing at Hong Kong dollar prime rate minus 3% (2016: Hong Kong dollar prime rate minus 3%) per annum, as disclosed in note 30(b)(ii), all of the amounts due from associates are unsecured, interest-free and have no fixed terms of repayment. All the amounts due from associates are not expected to be recovered within one year.
The following list contains the particulars of associates, all of which are unlisted corporate entities whose quoted market price is not available:
Particulars of issued and paid up capital
Proportion of ownership interest held by
subsidiaries
Principal activities
20K
10 ordinary shares
50%
Property financing
Authian Estates Limited
5,000 A shares
50%
Property investment
5,000 B shares
Winwide Limited
100 ordinary shares
30%
Trading
All of the associates are incorporated and operate in Hong Kong.
All of the above associates are accounted for using the equity method in the consolidated financial statements.
Aggregate information of associates that are not individually material:
Aggregate carrying amount of individually immaterial associates
in the consolidated financial statements
Aggregate amounts of the Group's share of those associates'
Profit for the year
Total comprehensive income
124
Hong Kong Ferry (Holdings) Company Limited Annual Report 2017
2017
HK$'000
2016
HK$'000
147
344
926
920
926
920
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