Annual Report - QuamIR
Annual Report - QuamIR
Annual Report - QuamIR
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Notes to the Consolidated Financial Statements (Continued)<br />
<br />
43 Notes to consolidated cash flow statement (Continued)<br />
(c) Analysis of net inflow of cash and cash<br />
equivalents in respect of disposal of<br />
subsidiaries<br />
43 <br />
(c) <br />
<br />
2011 2010<br />
<br />
HK$ Million HK$ Million<br />
<br />
Cash consideration 992.0 –<br />
Cash and cash equivalents disposed (41.5) –<br />
950.5 –<br />
44 Non-current assets held for sale<br />
On 2 March 2011, Dorboy Investment Limited, an 80%-owned<br />
subsidiary of the Group entered into a Disposal Framework Agreement<br />
with an independent third party for disposal of its entire equity interest,<br />
loan interests and liabilities in Shenzhen Jing-Guang Development<br />
Company Limited which is the owner of Jingguang Centre at Yanhe<br />
Road North, Luohu, Shenzhen, the PRC. The total amount of<br />
consideration is RMB850.0 million. The transaction was completed in<br />
2011.<br />
44 <br />
80%<br />
<br />
<br />
<br />
<br />
<br />
850,000,000<br />
<br />
As at 31 December 2010, the assets and liabilities related to disposal<br />
group of non-current assets (part of the property investment and<br />
leasing segment) were presented as held for sale.<br />
(a) Assets of disposal group classified as held for<br />
sale<br />
<br />
<br />
<br />
(a) <br />
2010<br />
<br />
HK$ Million<br />
<br />
Investment properties 1,009.9<br />
Property, plant and equipment 0.8<br />
Trade and other receivables 0.8<br />
Cash and cash equivalents 11.3<br />
1,022.8<br />
182 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011
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