Annual Report - QuamIR

Notes to the Consolidated Financial Statements (Continued)
23 Interests in jointly controlled entities
23
2011 2010
HK$ Million HK$ Million
Group’s share of net assets 1,916.3 1,855.4
Amounts due from jointly controlled entities 152.8 61.1
2,069.1 1,916.5
The following financial information, after making adjustments to conform
to the Group’s significant accounting policies, represents the Group’s
aggregate share of assets, liabilities and results of the jointly controlled
entities and is summarised as below:
2011 2010
HK$ Million HK$ Million
Assets
Non-current assets 2,598.9 2,371.3
Current assets 4.0 5.9
2,602.9 2,377.2
Liabilities
Non-current liabilities (480.1) (293.8)
Current liabilities (206.5) (228.0)
(686.6) (521.8)
Net assets 1,916.3 1,855.4
Loss before income tax (21.2) (19.0)
Income tax credit (Note 12) 12 3.6 4.1
Loss for the year (17.6) (14.9)
Notes:
(a)
Balances with jointly controlled entities are unsecured, interest free
and not repayable within the next 12 months. Their carrying amounts
approximate their fair values. The balances are mainly denominated in
Renminbi.
(a)
(b)
There are no material contingent liabilities relating to the Group’s interest
in the jointly controlled entities and no contingent liabilities within the
respective entities.
(b)
(c) Details of the principal jointly controlled entities are set out on page 192.
(c)
192
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