New World Development Company Limited
106
Report of the Directors
DISCLOSURE PURSUANT TO RULES 13.20 AND 13.22 OF THE LISTING RULES
At 30 June 2016, the Group had given financial assistance and guarantees to its joint ventures and associated companies
(collectively “affiliated companies”) as set out below:
2016
2015
HK$m
HK$m
Amounts due by affiliated companies
27,866.9
24,181.7
Guarantees given for affiliated companies in respect of banking and other credit facilities
5,762.7
4,249.4
Commitments to capital injections and loan contributions
2,372.6
2,105.3
36,002.2
30,536.4
(1)
The advances were unsecured and were interest free except for an aggregate amount of HK$7,401.4 million (2015:
HK$6,012.2 million) which carried interest ranging from 1.3% above HIBOR to 10.0% per annum (2015: from 1.3% above
HIBOR to 10.0% per annum). The advances had no fixed repayment terms.
(2)
Pursuant to Rule 13.22 of the Listing Rules, a combined statement of financial position of those affiliated companies with
financial assistance from the Group and the Group’s attributable interests in those affiliated companies as at 30 June 2016
are presented as follows:
Combined
statement
of financial
position
Group’s
attributable
interests
HK$m
HK$m
Non-current assets
170,612.0
65,573.1
Current assets
36,974.2
15,684.8
Current liabilities
(41,332.0)
(17,203.3)
Total assets less current liabilities
166,254.2
64,054.6
Non-current liabilities
(92,161.0)
(38,771.9)
Net assets
74,093.2
25,282.7
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 2016.
