Annual Report - QuamIR

More documents

Recommendations

Info

Notes to the Consolidated Financial Statements (Continued) 27 Inventories 27 Group 2011 2010 HK$ Million HK$ Million Raw materials – 2.8 Consumables and others 10.4 9.9 10.4 12.7 Inventories are stated at the lower of cost and net realisable value. Inventories amounting to HK$2.9 million (2010: Nil) were written down for the year ended 31 December 2011. 28 Properties held for sale At 31 December 2011, properties held for sale that are carried at net realisable value amounted to HK$157.6 million (2010: HK$370.8 million). In 2010, a write back of provision for impairment losses of HK$0.3 million was credited to the consolidated income statement. 2,900,000 28 157,600,000 370,800,000 300,000 At 31 December 2011, no properties held for sale (2010: HK$115.8 million) was pledged as securities for the Group’s borrowings (Note 36). 115,800,000 36 154 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011
Notes to the Consolidated Financial Statements (Continued) 29 Financial assets at fair value through profit or loss 29 Group Company 2011 2010 2011 2010 HK$ Million HK$ Million HK$ Million HK$ Million Equity securities: – Listed in Hong Kong at market value 0.2 0.3 – 0.3 – Unlisted 13.8 13.3 – – 14.0 13.6 – 0.3 Changes in fair values of financial assets at fair value through profit or loss are recorded in other income in the consolidated income statement (Note 6). 6 The fair value of equity securities is based on the current bid price quoted in the market at the balance sheet date. 30 Trade and other receivables 30 Group Company 2011 2010 2011 2010 HK$ Million HK$ Million HK$ Million HK$ Million Trade receivables 142.4 91.5 – – Less: pr ovision for impairment of receivables (11.6) (19.0) – – Trade receivables – net 130.8 72.5 – – Bills receivable 17.2 26.0 – – Retention receivables 30.3 29.3 – – Other receivables and deposits, net of provisions 231.9 244.0 1.1 1.7 Gross amounts due from customers for contract works (Note 31) 31 9.0 10.0 – – Amounts due from related companies (Note b) b 6.6 3.3 – – 425.8 385.1 1.1 1.7 • 155
Page 1 and 2:
HKC (HOLDINGS) LIMITED (incorporat
Page 3 and 4:
Contents 2 Corporate Information
Page 5 and 6:
Corporate Information (Continued)
Page 7 and 8:
Chairman’s Statement (Continued)
Page 9 and 10:
Chairman’s Statement (Continued)
Page 11 and 12:
Management Discussion and Analysis
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Corporate Governance Report (Contin
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Directors and Senior Management (Co
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Report of the Directors (Continued)
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Independent Auditor’s Report (Con
Page 73 and 74:
Consolidated Statement of Comprehen
Page 75 and 76:
Consolidated Balance Sheet (Continu
Page 77 and 78:
Consolidated Statement of Changes i
Page 79 and 80:
Consolidated Statement of Changes i
Page 81 and 82:
Notes to the Consolidated Financial
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106: Notes to the Consolidated Financial
Page 155: Notes to the Consolidated Financial
Page 187 and 188: Principal Subsidiaries, Associated
Page 195 and 196: Five-Year Financial Summary 2011 2
Page 197 and 198: Schedule of Principal Properties (C
Page 199: HKC (HOLDINGS) LIMITED 9/F., Tower
show all

Annual Report - QuamIR

Create successful ePaper yourself

Delete template?

Save as template?