Annual Report 2012 - HKExnews

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Notes to the Consolidated Financial Statements (Continued) 16 Cash and Bank Balances and Pledged Bank Deposits 2012 2011 HK$ HK$ Cash at bank 53,614,392 61,191,578 Cash and cash equivalents for the purposes of the consolidated statement of cash flows 53,614,392 61,191,578 Pledged bank deposits (Note a) 233,290 239,379 Maximum exposure to credit risk 53,847,682 61,430,957 The carrying amounts of the cash and bank balances and pledged bank deposits are denominated in the following currencies: 2012 2011 HK$ HK$ HK$ 49,771,924 58,188,911 SG$ 4,030,004 3,196,413 United States dollars (“US$”) 45,754 45,633 53,847,682 61,430,957 Cash at bank earns interest at floating rates based on daily bank deposit rates. Note: (a) As at 31 December 2012, bank deposits of HK$233,290 (2011: HK$239,379) were pledged to a bank for guarantees issued by the bank. 86 FOCUS MEDIA NETWORK LIMITED Annual Report 2012
Notes to the Consolidated Financial Statements (Continued) 17 Share Capital and Reserves (a) Share capital and share premium Number of ordinary shares Equivalent nominal value of ordinary share Share premium Total HK$ HK$ HK$ Authorised: Ordinary shares of US$1 each at 28 January 2011 (Note a) 50,000 391,000 — — Creation of new authorised shares (Note b) 10,000,000,000 100,000,000 — — Cancellation of existing authorised shares (Note b) (50,000) (391,000) Ordinary shares of HK$0.01 each At 31 December 2011 and 31 December 2012 10,000,000,000 100,000,000 — — Issued and fully paid: Ordinary shares of US$1 each at 28 January 2011 (Note a) 1 8 — 8 Issuance of new shares (Note b) 10,000 100 — 100 Share swap pursuant to the Reorganisation (Note c) 10,000 100 234,943,440 234,943,540 Repurchase of issued share (Note b) (1) (8) — (8) Capitalisation issue (Note d) 245,980,000 2,459,800 (2,459,800) — Share issued in connection with the Placing (Note e) 82,000,000 820,000 58,220,000 59,040,000 Share issuance costs — — (16,358,767) (16,358,767) At 31 December 2011 and 31 December 2012 328,000,000 3,280,000 274,344,873 277,624,873 FOCUS MEDIA NETWORK LIMITED Annual Report 2012 87
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Characteristics of the Growth Enter
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Corporate Information Board of Dire
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Chairman’s Statement (Continued)
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Chairman’s Statement (Continued)
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Financial Highlights & Summary Fina
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Management Discussion and Analysis
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Comparison Between Future Plans and
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Use of Proceeds The Company was inc
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Directors and Senior Management Pro
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Corporate Governance Report (Contin
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Annual Report 2012 - HKExnews

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