NewWorld Development Company Limited
98
REPORT OF THE DIRECTORS
DISCLOSURE PURSUANT TO RULES 13.20 AND 13.22 OF THE LISTING RULES
At 30 June 2015, the Group had given financial assistance and guarantees to its joint ventures and associated companies
(collectively “affiliated companies”) as set out below:
2015
2014
HK$m
HK$m
Amounts due by affiliated companies
24,181.7
19,012.4
Guarantees given for affiliated companies in respect of banking and
other credit facilities
4,249.4
4,486.7
Commitments to capital injections and loan contributions
2,105.3
1,525.8
30,536.4
25,024.9
(1) The advances were unsecured and were interest free except for an aggregate amount of HK$6,012.2 million
(2014: HK$6,792.3 million) which carried interest ranging from 1.3% above HIBOR to 10.0% per annum (2014:
from 0.875% above HIBOR to 10.0% per annum). The advances had no fixed repayment terms.
(2) Pursuant to Rule 13.22 of the Listing Rules, a combined statement of financial position of those affiliated companies
with financial assistance from the Group and the Group’s attributable interests in those affiliated companies as at
30 June 2015 are presented as follows:
Combined
statement
of financial
position
Group’s
attributable
interests
HK$m
HK$m
Non-current assets
179,314.1
66,285.0
Current assets
41,409.6
17,668.4
Current liabilities
(44,864.9)
(18,646.5)
Total assets less current liabilities
175,858.8
65,306.9
Non-current liabilities
(75,541.5)
(28,839.6)
Net assets
100,317.3
36,467.3
The combined statement of financial position of the affiliated companies was prepared by combining their statements of
financial position, after making adjustments to conform with the Group’s significant accounting policies and re-grouping
into significant classification in the statement of financial position, as at 30 June 2015.
