Annual Report 2015
FINANCIAL SECTION
171
22 INTERESTS IN ASSOCIATED COMPANIES
(continued)
Notes: (continued)
(b) The market value of the Group’s listed associated companies in Hong Kong and overseas amounted to HK$6,396.2 million
(2014: HK$4,722.4 million). Management regularly reviews whether there are any indications of impairments of the Group’s
interests in associated companies based on value-in-use calculations. An impairment loss of HK$1,779.4 million was made
for the Group’s interest in Newton Resources Ltd, a listed associated company, for the year ended 30 June 2015. Aside
from this, management is of the view that there is no other impairment of the Group’s interests in associated companies as
at 30 June 2015.
(c) There is no associated company that is individually material to the Group. The Group’s share of results of the associated
companies are as follows:
2015
2014
HK$m
HK$m
For the year ended 30 June
(Loss)/profit for the year
(661.9)
1,102.0
Other comprehensive income for the year
(82.3)
(44.7)
Total comprehensive income for the year
(744.2)
1,057.3
(d) Details of principal associated companies are stated in note 51.
23 AVAILABLE-FOR-SALE FINANCIAL ASSETS
2015
2014
HK$m
HK$m
Equity securities
Unlisted shares and investments, at fair value
3,793.4
2,880.1
Listed shares, at market value
Hong Kong
2,466.4
587.2
Overseas
405.2
1,017.7
Debt securities
Listed debentures in Hong Kong, at market value
244.2
244.4
6,909.2
4,729.4
The fair value of unlisted securities are based on cash flows discounted using a rate based on the market interest
rates and the risk premium specific to the unlisted securities.
