# 29. STATEMENT OF FINANCIAL POSITION AND RESERVE MOVEMENT OF THE COMPANY

# (a) Statement of financial position of the Company

<table><tr><td rowspan="2"></td><td rowspan="2"></td><td colspan="2">As at 31 December</td></tr><tr><td>2018</td><td>2017</td></tr><tr><td></td><td>Note</td><td>HK$’000</td><td>HK$’000</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td></tr><tr><td>Non-current assets</td><td></td><td></td><td></td></tr><tr><td>Investments in subsidiaries</td><td></td><td>2</td><td>25,196</td></tr><tr><td>Total non-current assets</td><td></td><td>2</td><td>25,196</td></tr><tr><td>Current assets</td><td></td><td></td><td></td></tr><tr><td>Trade and other receivables</td><td></td><td>1,458</td><td>1,708</td></tr><tr><td>Amounts due from subsidiaries</td><td></td><td>17,769</td><td>211,387</td></tr><tr><td>Bank and cash balances</td><td></td><td>82</td><td>319</td></tr><tr><td>Total current assets</td><td></td><td>19,309</td><td>213,414</td></tr><tr><td>TOTAL ASSETS</td><td></td><td>19,311</td><td>238,610</td></tr><tr><td>EQUITY AND LIABILITIES</td><td></td><td></td><td></td></tr><tr><td>Share capital</td><td>28</td><td>174,490</td><td>161,152</td></tr><tr><td>Reserves</td><td>29(b)</td><td>(166,895)</td><td>70,117</td></tr><tr><td>Total equity</td><td></td><td>7,595</td><td>231,269</td></tr><tr><td>LIABILITIES</td><td></td><td></td><td></td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td></tr><tr><td>Amounts due to subsidiaries</td><td></td><td>8,657</td><td>437</td></tr><tr><td>Other payables and accruals</td><td></td><td>3,059</td><td>6,904</td></tr><tr><td>Total current liabilities</td><td></td><td>11,716</td><td>7,341</td></tr><tr><td>TOTAL EQUITY AND LIABILITIES</td><td></td><td>19,311</td><td>238,610</td></tr></table>

Approved by the Board of Directors on 29 March 2019 and is signed on its behalf by:

<table><tr><td>Zheng Jinwei</td><td>He Qian</td></tr></table>

# 29. STATEMENT OF FINANCIAL POSITION AND RESERVE MOVEMENT OF THE COMPANY (Continued)

# (b) Reserve movement of the Company

<table><tr><td></td><td>Share 
premium</td><td>Share-based 
payments 
reserve</td><td>Convertible 
bonds reserve</td><td>Contributed 
surplus</td><td>Accumulated 
losses</td><td>Total</td></tr><tr><td></td><td>HK$’000</td><td>HK$’000</td><td>HK$’000</td><td>HK$’000</td><td>HK$’000</td><td>HK$’000</td></tr><tr><td>At 1 January 2017</td><td>7,117,171</td><td>56,277</td><td>5,139</td><td>332,310</td><td>(7,395,273)</td><td>115,624</td></tr><tr><td>Loss for the year</td><td>—</td><td>—</td><td>—</td><td>—</td><td>(82,259)</td><td>(82,259)</td></tr><tr><td>Issue of shares by subscription 
(note 28(b))</td><td>36,448</td><td>—</td><td>—</td><td>—</td><td>—</td><td>36,448</td></tr><tr><td>Redemption of convertible bonds</td><td>—</td><td>—</td><td>(5,139)</td><td>—</td><td>5,139</td><td>—</td></tr><tr><td>Share-based payments</td><td>—</td><td>304</td><td>—</td><td>—</td><td>—</td><td>304</td></tr><tr><td>Transfer of reserve upon lapse of 
share options</td><td>—</td><td>(47,500)</td><td>—</td><td>—</td><td>47,500</td><td>—</td></tr><tr><td>At 31 December 2017</td><td>7,153,619</td><td>9,081</td><td>—</td><td>332,310</td><td>(7,424,893)</td><td>70,117</td></tr><tr><td>Adjustments on initial application of 
— HKFRS 9</td><td>—</td><td>—</td><td>—</td><td>—</td><td>(203,603)</td><td>(203,603)</td></tr><tr><td>Restated balance at 
1 January 2018</td><td>7,153,619</td><td>9,081</td><td>—</td><td>332,310</td><td>(7,628,496)</td><td>(133,486)</td></tr><tr><td>Loss for the year</td><td>—</td><td>—</td><td>—</td><td>—</td><td>(37,891)</td><td>(37,891)</td></tr><tr><td>Share-based payments</td><td>—</td><td>4,482</td><td>—</td><td>—</td><td>—</td><td>4,482</td></tr><tr><td>Issue of shares on share option 
scheme</td><td>4,482</td><td>(4,482)</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Transfer of reserve upon lapse of 
share options</td><td>—</td><td>(9,081)</td><td>—</td><td>—</td><td>9,081</td><td>—</td></tr><tr><td>At 31 December 2018</td><td>7,158,101</td><td>—</td><td>—</td><td>332,310</td><td>(7,657,306)</td><td>(166,895)</td></tr></table>