The prepaid rental represents the capital contribution made by the joint venture partner of Dongguan Yifu Circuit Board Factory, a subsidiary of the Company, in the form of a right to use the property owned by the joint venture partner within the terms of the joint venture.
The prepaid rental is amortised on a straight-line basis over the term of the joint venture of 15 years.
Particulars of the subsidiaries are as follows:
Other than Electronics Tomorrow International Limited, which is held directly by the Company, all subsidiaries are held indirectly by the Company.
Particulars of the associated companies are as follows:
Pursuant to an agreement signed between the Group and the majority shareholders of the associated companies, the Group is only liable for losses of the associated companies up to the Group's cost of investments in the associated companies and any further losses are to be borne wholly by the majority shareholders. Accordingly, the Group has only accounted for its share of accumulated losses of the associated companies in the financial statements up to its cost of investments.
The profits for the period of the associated companies amounted to HK$122,000 and the net liabilities of the associated companies amounted to HK$970,000 as at the balance sheet date.
The maturities of the above amounts are as follows:
Certain leasehold land and buildings were pledged to secure the mortgage loans granted to the Group (note 9).
There were commitments under finance leases at the balance sheet date as follows:
