Annual Report - QuamIR

Annual Report - QuamIR Annual Report - QuamIR

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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 • Annual Report 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

Notes to the Consolidated Financial Statements (Continued)<br />

<br />

29 Financial assets at fair value through profit or loss<br />

29 <br />

<br />

Group<br />

Company<br />

<br />

<br />

2011 2010 2011 2010<br />

<br />

HK$ Million HK$ Million HK$ Million HK$ Million<br />

<br />

Equity securities:<br />

<br />

– Listed in Hong Kong<br />

at market value<br />

<br />

0.2 0.3 – 0.3<br />

– Unlisted 13.8 13.3 – –<br />

14.0 13.6 – 0.3<br />

Changes in fair values of financial assets at fair value through profit or<br />

loss are recorded in other income in the consolidated income statement<br />

(Note 6).<br />

<br />

6<br />

The fair value of equity securities is based on the current bid price<br />

quoted in the market at the balance sheet date.<br />

30 Trade and other receivables<br />

<br />

<br />

30 <br />

Group<br />

Company<br />

<br />

<br />

2011 2010 2011 2010<br />

<br />

HK$ Million HK$ Million HK$ Million HK$ Million<br />

<br />

Trade receivables 142.4 91.5 – –<br />

Less: pr ovision for impairment of <br />

receivables<br />

(11.6) (19.0) – –<br />

Trade receivables – net 130.8 72.5 – –<br />

Bills receivable 17.2 26.0 – –<br />

Retention receivables 30.3 29.3 – –<br />

Other receivables and deposits,<br />

net of provisions<br />

<br />

231.9 244.0 1.1 1.7<br />

Gross amounts due from customers<br />

for contract works (Note 31)<br />

<br />

31 9.0 10.0 – –<br />

Amounts due from related<br />

companies (Note b)<br />

<br />

b 6.6 3.3 – –<br />

425.8 385.1 1.1 1.7<br />

•<br />

155

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