Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 262 For the year ended 31 March 2019 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 49. STATEMENT OF FINANCIAL POSITION OF THE COMPANY (continued) Note: The movement of equity is as follows: Share capital Share premium Capital redemption reserve Share options reserve Other reserve Retained profits Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 At 1 April 2017 223,837 4,033,779 28,458 25,454 628,830 3,333 4,943,691 Profit and other comprehensive income for the year – – – – – 454,150 454,150 Dividends – – – – – (428,972) (428,972) Share issued in lieu of cash dividend 5,197 211,637 – – – – 216,834 Shares issued upon exercise of share options 1,145 52,266 – (24,213) – – 29,198 At 31 March 2018 230,179 4,297,682 28,458 1,241 628,830 28,511 5,214,901 Profit and other comprehensive income for the year – – – – – 490,984 490,984 Dividends – – – – – (506,247) (506,247) Repurchase of ordinary shares (1,362) (54,562) 1,362 – – (1,362) (55,924) Share issued in lieu of cash dividend 6,202 231,613 – – – – 237,815 Shares issued upon exercise of share options 150 4,917 – (1,241) – – 3,826 At 31 March 2019 235,169 4,479,650 29,820 – 628,830 11,886 5,385,355 50. PARTICULARS OF PRINCIPAL SUBSIDIARIES Particulars of principal subsidiaries at the end of the year are as follows: Name of subsidiary Place of incorporation/ establishment and operation Issued and fully paid share capital/ registered and paid up capital Proportion of nominal value of issued capital/ registered capital held by the Company Principal activities 2019 2018 Direct subsidiaries Ample Bonus Limited BVI/HK 101 shares of US$1 100 100 Investment holding Pacific Growing Limited HK 1 share of HK$1 100 100 Investment holding Queens Wharf Holdings Limited BVI/HK 1 share of US$ 100 100 Investment holding The Fifth Apartments Pty Ltd Australia 1 share of A$1 100 100 Property development Indirect subsidiaries 124 York Street Pty Ltd Australia 10,000 shares of A$121.78 77.75 77.75 Car park operation 13 Roper Street Pty Ltd Australia 10,000 shares of A$121.78 77.75 77.75 Car park operation 13 Roper Street Trust Australia N/A 77.75 77.75 Car park operation 19 Bank Street Pty Ltd Australia 10,000 shares of A$121.78 77.75 77.75 Car park operation 21st Century Resorts a.s. Czech Republic 23,533 shares of CZK1,000 100 - Investment holding and property owner 19 Bank Street Trust Australia N/A 77.75 77.75 Car park operation