Annual Report 2019

153 Miramar Hotel and Investment Company, Limited Annual Report 2019 Notes to the Financial Statements 12 Interests in associates 2019 2018 HK$’000 HK$’000 Share of net assets 17,957 24,273 Amounts due from associates 708 656 Loans to associates 25,940 25,940 44,605 50,869 Less: Impairment loss (44,022) (46,669) 583 4,200 Amounts due from associates and loans to associates are unsecured, interest-free and have no fixed terms of repayment. All of the Group’s associates are unlisted corporate entities whose quoted market price is not available and not material (in aggregate and/or individually) to the Group. Details of the Group’s principal associate are as follows: Proportion of ownership interest Name of associate Place of incorporation Place of operation Group’s effective interest Held by the Company Held by a subsidiary Principal activity Kamliease International Limited* Hong Kong The PRC 49% – 49% Property sale * Not audited by KPMG. Aggregate information of associates that are not individually material: 2019 2018 HK$’000 HK$’000 Aggregate carrying amount of individually immaterial associates in the consolidated financial statements 583 4,200 Aggregate amounts of the Group’s share of those associates’ – Profit from continuing operations 129 4,197 – Total comprehensive income 129 4,197