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Loans from related companies

12 Months Ended

Dec. 31, 2024

Notes and other explanatory information [abstract]

Loans from related companies

22. Loans from related companies

The loans from related companies are repayable on demand or from March 2026 to October 2034. They carry interest at 2.5% p.a below HKD Prime Lending Rate or 3.5% to 4.13% (2023: 3.5% to 4.6%) per annum. The loans from related companies are unsecured.

Details of the repayment schedule in respect of the loans from related companies are as follows:-

Schedule of repayment of loans from related companies 

		2024				2024				2023
		US$				HK$				HK$
Loans repayable:-
Within one year or on demand			2,018,353				15,677,958				15,161,771
In the second to fifth years, inclusive			2,959,055				22,985,054				32,598,417
More than five years			646,243				5,019,819				6,113,140
Loans from related companies			3,605,298				28,004,873				38,711,557
Loans repayable			5,623,651				43,682,831				53,873,328

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- Definition

The disclosure of debt instruments. [Refer: Debt instruments issued; Debt instruments held]

+ References

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