Page 162 - URA Annual Report 2020-21

NOTES TO THE FINANCIAL STATEMENTS
(expressed in Hong Kong Dollars)
22. Statement of Financial Position of the Authority (Continued)
(a)
Interest in subsidiaries
Unlisted shares, at cost
Amounts due from subsidiaries (Note) Less: Provision for impairment
Note:
2021 2020 $’000 $’000
1 1 70,439 26,541
(30,120)
(26,542)
40,320 -
The amounts due from subsidiaries are unsecured, interest-free and have no fixed terms of repayment. The balances are expected to be recovered more than one year.
The names of the principal subsidiaries, all of which are wholly and directly owned by the Authority and incorporated in Hong Kong, are as follows:
Name
Champ Dragon Properties Limited
Ease Shine Development Limited
Full Wisdom Enterprises Limited
High Union Development Limited
Hong Kong Building Rehabilitation Facilitation Services Limited
Joyful Success Investment Limited
Max Grace Properties Limited
Opalman Limited
Sunny Joy Properties Limited
Urban Redevelopment Facilitating Services Company Limited
Well Nice Properties Limited
Number of shares
1 1 1 1
1 1 1 2 1
1 1
Total share capital
$ 1
1 1 1
1 1 1 2 1
10 1
Principal activities
Property holding
Property holding
Property holding
Property holding
Building rehabilitation facilitation services
Property holding
Property holding
Property holding
Property holding
Urban redevelopment facilitating services
Property holding
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URA ANNUAL REPORT 2020-21