Annual Report 2020

153 Notes to the Financial Statements Miramar Hotel and Investment Company, Limited Annual Report 2020 12 Interests in associates 2020 2019 HK$’000 HK$’000 Share of net assets 18,159 17,957 Amounts due from associates 706 708 Loans to associates 25,940 25,940 44,805 44,605 Less: Impairment loss (44,022) (44,022) 783 583 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: 2020 2019 HK$’000 HK$’000 Aggregate carrying amount of individually immaterial associates in the consolidated financial statements 783 583 Aggregate amounts of the Group’s share of those associates’ – Profit from continuing operations 202 129 – Total comprehensive income 202 129