# 31. STATEMENT OF FINANCIAL POSITION OF THE COMPANY (CONTINUED)

# (a) Reserves

The amounts of the Group’s reserves and the movements therein for the current and prior years are presented in the consolidated statement of changes in equity of the financial statements. Movements in the Company’s reserves during the current and prior years are as follows:

<table><tr><td rowspan="3"></td><td>Share 
premium</td><td>Contributed 
surplus</td><td>Capital 
reserve</td><td>Accumulated 
losses</td><td>Total</td></tr><tr><td>HK$’000</td><td>HK$’000</td><td>HK$’000</td><td>HK$’000</td><td>HK$’000</td></tr><tr><td></td><td></td><td>(Note)</td><td></td><td></td></tr><tr><td>At 31 March 2016 and 
1 April 2016 
Loss for the year</td><td>23,811 
–</td><td>22,968 
–</td><td>7,453 
–</td><td>(18,557) 
(6,924)</td><td>35,675
(6,924)</td></tr><tr><td>As at 31 March 2017</td><td>23,811</td><td>22,968</td><td>7,453</td><td>(25,481)</td><td>28,751</td></tr><tr><td>Loss for the year</td><td>–</td><td>–</td><td>–</td><td>(5,730)</td><td>(5,730)</td></tr><tr><td>Issue of shares upon 
subscription</td><td>180,600</td><td>–</td><td>–</td><td>–</td><td>180,600</td></tr><tr><td>Transaction costs 
attributable to subscription 
of shares</td><td>(725)</td><td>–</td><td>–</td><td>–</td><td>(725)</td></tr><tr><td>As at 31 March 2018</td><td>203,686</td><td>22,968</td><td>7,453</td><td>(31,211)</td><td>202,896</td></tr></table>

Note:

Pursuant to a written confirmation on 23 March 2015, two of the Company’s shareholders, Fortune Decade and Twilight Treasure, agreed to bear the listing expenses in connection with 120,000,000 sales shares sold through the placing of the Company’s shares took place during the year ended 31 March 2015 and reimburse their share of these expenses to the Company upon the listing of shares of the Company on the GEM of the Stock Exchange. The reimbursement of approximately HK\$7,453,000 by these shareholders in their capacity as shareholders was accounted for as capital contribution to the Company.

# 32. PARTICULARS OF PRINCIPAL SUBSIDIARIES OF THE COMPANY

# (i) General information of subsidiaries

Details of the Company’s principal subsidiaries at 31 March 2018 and 2017 are as follows:

<table><tr><td>Name of subsidiaries</td><td>Place of 
incorporation 
or registration/
operation</td><td>Issued 
and fully 
paid share 
capital/
registered 
capital</td><td colspan="2">Percentage of nominal 
value of issued ordinary 
share capital held by 
the Company</td><td>Forms of 
legal entity</td><td>Principal 
activities</td></tr><tr><td></td><td></td><td></td><td>Directly</td><td>Indirectly</td><td></td><td></td></tr><tr><td></td><td></td><td></td><td>%</td><td>%</td><td></td><td></td></tr><tr><td>Win Vision</td><td>BVI</td><td>US$1</td><td>100</td><td>–</td><td>Wholly- owned 
foreign company</td><td>Investment holding,</td></tr><tr><td>Kwan on Construction 
Company Limited 
(“Kwan On”)</td><td>Hong Kong</td><td>HK$1</td><td>–</td><td>100</td><td>Private limited 
company</td><td>Civil engineering 
construction</td></tr><tr><td>Univic Engineering Limited 
(“UEL”)</td><td>Hong Kong</td><td>HK$100</td><td>–</td><td>100</td><td>Private limited 
company</td><td>Provision of contracting 
work on civil 
plumbing, fire 
protection, insulation, 
concrete repairs and 
related activities</td></tr><tr><td>Univic Engineering & 
Construction Limited</td><td>Hong Kong</td><td>HK$1</td><td>–</td><td>100</td><td>Private limited 
company</td><td>Provision of civil, 
plumbing and 
fire protection 
engineering contract 
services</td></tr><tr><td>Univic Earthworks Limited</td><td>Hong Kong</td><td>HK$1</td><td>–</td><td>100</td><td>Private limited 
company</td><td>Provision of civil and 
plumbing engineering 
contract services</td></tr><tr><td>Univic Building Contractors 
Limited</td><td>Hong Kong</td><td>HK$1</td><td>–</td><td>100</td><td>Private limited 
company</td><td>Provision of 
construction site 
workmen services</td></tr><tr><td>Univic Construction 
Resources Limited 
(“UCRL”)</td><td>Hong Kong</td><td>HK$1</td><td>–</td><td>100</td><td>Private limited 
company</td><td>Provision of 
construction site 
workmen services</td></tr><tr><td>Univic Fireproofing & 
Construction Limited 
(“UFCL”)</td><td>Hong Kong</td><td>HK$1</td><td>–</td><td>100</td><td>Private limited 
company</td><td>Trading of diesel 
and provision of 
construction site 
workmen services</td></tr></table>