Annual Report 2016 - page 185

Annual Report 2016
171
Financial Section
35 Non-Current Assets Classified as Assets Held for Sale/Liabilities Directly
Associated with Non-Current Assets Classified as Assets Held for Sale
(continued)
Notes: (continued)
(a)
(continued)
As at 30 June 2016, management of the Group determined the fair value of NWS Kwai Chung Logistics Centre approximated the
consideration of the transaction. With reference to the consideration of the transaction, the fair value is adjusted, if necessary, after
considering (i) difference between the value of the investment property and the value of Shine Fame as a whole; and (ii) time factor
between the date of entering into the transaction and 30 June 2016.
The fair value of NWS Kwai Chung Logistics Centre is categorised as Level 2 (2015: Level 3) in the fair value hierarchy. The transfer from
Level 3 to Level 2 fair value hierarchy is due to the determination of the fair value of the investment property as at 30 June 2016 having
made reference to the consideration of the transaction which is an input observable for the investment property indirectly.
(b)
The disposal of the Disposal Hotel Group was completed on 29 December 2015 (note 8(a)).
36 Share Capital
2016
2015
Number
of shares
Number
of shares
(million)
HK$m
(million)
HK$m
Issued and fully paid:
At beginning of the year
8,996.9
66,711.6
8,664.0
63,761.3
Issue of new shares as scrip dividends
(note)
391.0
2,884.6
316.8
2,802.0
Issue of new shares upon exercise of share
options
0.5
3.6
16.1
148.3
At end of the year
9,388.4
69,599.8
8,996.9
66,711.6
Note:
During the year ended 30 June 2016, 269,941,032 and 121,094,632 new shares were issued by the Company at HK$7.3644 and HK$7.4043 per
share respectively for the settlement of 2015 final scrip dividends and 2016 interim scrip dividends.
1...,175,176,177,178,179,180,181,182,183,184 186,187,188,189,190,191,192,193,194,195,...252
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