Annual Report - QuamIR
Annual Report - QuamIR
Annual Report - QuamIR
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Notes to the Consolidated Financial Statements (Continued)<br />
<br />
24 Derivative financial instrument<br />
24 <br />
Group<br />
<br />
2011 2010<br />
<br />
HK$ Million HK$ Million<br />
<br />
Put option – 5.0<br />
The balance represents a put option right to sell the Group’s 45%<br />
interest in Hong Kong Construction Kam Lung Limited, an associated<br />
company, and was fair valued at 31 December 2010. The option right<br />
was disposed of in 2011.<br />
25 Available-for-sale financial assets<br />
Hong<br />
Kong Construction Kam Lung Limited 45%<br />
<br />
<br />
<br />
25 <br />
Group<br />
<br />
2011 2010<br />
<br />
HK$ Million HK$ Million<br />
<br />
At 1 January 31.3 27.2<br />
Currency translation differences 0.9 0.9<br />
Disposal (1.4) –<br />
Net gains recognised in equity (Note 35) 35 1.0 3.2<br />
At 31 December 31.8 31.3<br />
Available-for-sale financial assets include the <br />
following:<br />
Unlisted securities<br />
<br />
Equity securities – PRC 22.0 23.5<br />
Club debentures 9.8 7.8<br />
31.8 31.3<br />
Available-for-sale financial assets are denominated in the following<br />
currencies:<br />
<br />
2011 2010<br />
<br />
HK$ Million HK$ Million<br />
<br />
Hong Kong dollars 9.3 7.4<br />
Renminbi 22.5 23.9<br />
31.8 31.3<br />
150 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011
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