Annual Report 2020

154 Notes to the Financial Statements Annual Report 2020 Miramar Hotel and Investment Company, Limited 13 Other financial assets 2020 2019 HK$’000 HK$’000 Non-current Equity securities designated at FVOCI (note) Listed equity securities in Hong Kong 70,064 75,343 Listed equity securities outside Hong Kong 8,897 19,593 78,961 94,936 Financial assets measured at FVPL Listed securities outside Hong Kong 1,406 1,699 Sub-total 80,367 96,635 Current Financial assets measured at FVPL Listed equity securities in Hong Kong 6,104 4,659 Unlisted investment fund 55,429 50,873 Sub-total 61,533 55,532 Total 141,900 152,167 Market value of listed equity securities 86,471 101,294 Note: The Group designated the following equity securities at FVOCI at 1 January 2018 or acquisition date as they are held for strategic purposes and the fair value of each investment at 31 December 2020 is as follows: 2020 2019 HK$’000 HK$’000 Equity securities classified as financial assets designated at FVOCI China Construction Bank Corporation 17,670 20,190 China Resources Power Holdings Company Limited 8,350 10,940 HKT Trust And HKT Limited 12,072 13,176 China Everbright International Limited 8,103 11,562 Alibaba Group Holding Ltd – 12,556 Others 32,766 26,512 At 31 December 78,961 94,936 Dividends received from these investments during the year of HK$3,324,000 (2019: HK$3,269,000) were recognised in profit or loss. During the year, the Group disposed the equity investment in Alibaba Group Holding Ltd at a consideration of HK$17,365,000 for strategic purpose (2019: Nil) and the gain previously accumulated in the investment revaluation reserve (non-recycling) in other comprehensive income of HK$12,954,000 is transferred to retained profits.