LIMITACIONES EN LA REPRESENTACIÓN DE LOS SIGNOS

losses.

HKAS 36.134 129 _{HKAS 36.134 sets out disclosure requirements which are applicable to each CGU for which the carrying amount of}

goodwill or intangible assets with indefinite useful lives allocated to that unit is significant in comparison with an entity’s total carrying amount of goodwill or intangible assets with indefinite useful lives. The specific disclosures depend on whether the recoverable amount of the CGU is based on value in use or fair value less costs of disposal:  If the recoverable amount is based on value in use (as is the case for HK Listco), entities need to provide the

disclosures regarding cash flow projections used to calculate value in use under HKAS 36.134(d).

 If the recoverable amount is based on fair value less costs of disposal, then entities need to disclose information about the valuation technique used to measure fair value less costs of disposal under HKAS 36.134(e). If fair value less costs of disposal is not measured using a quoted price for an identical unit, as would generally be the case, entities need to provide the extra information required by HKAS 36.134(e)(i)-(iiB).

HKAS 36.134(f) 130 _{For each CGU for which the carrying amount of goodwill or intangible assets with indefinite useful lives allocated to that}

unit is significant in comparison with an entity’s total carrying amount of goodwill or intangible assets with indefinite useful lives, disclosure of the following information is required if a reasonably possible change in a key assumption on which management has based its determination of the unit’s (group of units’) recoverable amount would cause the unit’s (group of units’) carrying amount to exceed its recoverable amount:

 the amount by which the unit’s (group of units’) recoverable amount exceeds its carrying amount;  the value assigned to the key assumption; and

 the amount by which the value assigned to the key assumption must change, after incorporating any consequential effects of that change on the other variables used to measure recoverable amount, in order for the unit’s (group of units’) recoverable amount to be equal to its carrying amount.

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HKFRS 12.1&3&C2B131 _{HKFRS 12 requires an entity to disclose information that enables users of its financial statements to evaluate:}

• the nature of, and risks associated with, its interests in other entities; and

• the effects of those interests on its financial position, financial performance and cash flows.

The standard contains extensive disclosure requirements in respect of an entity’s interests in subsidiaries, joint arrangements, associates and unconsolidated structured entities. HKFRS 12.3 requires that, if the disclosures required by this standard, together with disclosures required by other HKFRSs, do not meet the above disclosure objective, the entity should disclose additional information necessary to meet the objective.

HKFRS 12 was first effective for annual periods beginning on or after 1 January 2013. In the first year of adoption, comparative information was not required for disclosures regarding interests in unconsolidated structured entities. However, in all subsequent years comparatives are required. Therefore, an entity that adopted HKFRS 12 for the first time in 2013 should include the comparative information for disclosures about its interests in unconsolidated structured entities (if any) in the 2014 financial statements.

A16(9)(2) 132 _{Paragraph 9(2) of Appendix 16 to the MBLRs requires listed issuers to disclose “particulars of the issued share capital}

and debt securities of every subsidiary”. The words “issued share capital” in the requirement are not defined. However, it is noted that in the Frequently Asked Questions Series 26 “Questions relating to the new Companies Ordinance (“New CO”) and its impact on issuers”, released by the Listing Division of the SEHK on 21 February 2014, the Listing Division’s responses indicate that in general any references in the Listing Rules to “issued share capital” should be interpreted as references to the number of issued shares and not to the monetary amount of “share capital”, which now includes share premium account and capital redemption reserve under the new Hong Kong Companies Ordinance. The illustrative disclosures in this note have taken into account these responses.

Where the subsidiary is established in the PRC, disclosure of the type of legal entity it is registered as under PRC law (such as a contractual or cooperative joint venture) is required under paragraph 9(1) of Appendix 16 to the Main Board Listing Rules.

Unlisted entities are not required to disclose particulars of the subsidiaries’ share capital, debt securities, except the identity of the class of shares held which is required by section 128 of the predecessor Hong Kong Companies Ordinance.

S128(1), A16(9)(1) 133 _{Section 128 of the predecessor Hong Kong Companies Ordinance requires the disclosure of the country of incorporation}

of the subsidiary, or the address of principal place of business if the subsidiary is not a body corporate. Paragraph 9(1) of Appendix 16 to the Main Board Listing Rules requires the disclosure of the subsidiary’s principal country of operation and country of incorporation or other establishment.

CP 134 _{Although not required, the proportion of voting power held should also be shown if different from the proportion of}

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15 INVESTMENTS IN SUBSIDIARIES

Company

2014 2013

$’000 $’000

10th _{Sch(9(1)(a)&31(a)) Unlisted shares, at cost 48,497 48,497}

Less: impairment loss (7,000) (7,000)

41,497 41,497

S128 HKFRS 12.10 HKAS 24.13 A16(9)

The following list contains only the particulars of subsidiaries which principally affected the