Applied Development Holdings Limited. announced that the loss for the year ended 30 June 2014 is expected to increase significantly as compared to a loss of approximately HKD 2.3 million for the year ended 30 June 2013. The increase in loss was mainly due to net estimated imputed interest expense (impairment los) on promissory note receivable from a jointly controlled entity [non-cash item] of approximately HKD 22.8 million and estimated decrease in fair value of investment properties [non-cash item] of approximately HKD 30.0 million for the year ended 30 June 2014 as compared to interest income on promissory note receivable from a jointly controlled entity [non-cash item] of approximately HKD 11.9 million and increase in their corresponding fair values of investment properties [non-cash item] of approximately HKD 18.1 million for the year ended 30 June 2013.