NOTES TO FINANCIAL STATEMENTS
30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
92
14. INVESTMENTS IN SUBSIDIARIES
(continued)
Notes: (continued)
(b)
The balances with subsidiaries are unsecured, interest-free and have no fixed terms of repayment. The carrying amounts
of the balances approximate to their fair values.
(c)
Management is of the opinion that the Group does not have material non-wholly-owned subsidiary which required
additional disclosures in accordance to the requirements set out in IFRS 12.
15. INVESTMENT IN AN ASSOCIATE
Group
2015
Note
HK$’000
HK$’000
Share of net assets included in non-current assets
(b)
797
_______
_____
Notes:
(a)
Particulars of the associate are as follows:
Name
Place of
registration
and operations
Nominal
value of
registered
capital
Percentage of
equity indirectly
attributable to
the Company Principal activities
Shanghai Cosel
PRC/
US$200,000
30 Trading of switch
International Trading
Mainland China
mode power supplies
Co., Ltd. (“SCIT”)
and provision of
consultancy services
5IF (SPVQ T WPUJOH QPXFS IFME BOE QSPGJU TIBSJOH BSSBOHFNFOU JO SFMBUJPO UP 4$*5 JT
4$*5 JT OPU
audited by Ernst & Young, Hong Kong or another member firm of the Ernst & Young global network.
