2006 - TCL Communication Technology Holdings Limited

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TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED Consolidated Statement of Changes in Equity Year ended 31 December 2006 Attributable to equity holders of the parent Equity component Issued Share Share of Exchange share premium option convertible Contributed Statutory fluctuation Accumulated Minority Total capital account reserve notes surplus reserves reserve losses Total interests equity HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 (Note 34(a)) (Note 34(a)) At 1 January 2005 282,750 1,093,475 – – 232,555 119,951 2,457 (169,582) 1,561,606 341,956 1,903,562 Issue of share for acquisition of minority interests 14,138 47,360 – – – – – – 61,498 (55,318) 6,180 Equity-settled share option arrangement – – 7,737 – – – – – 7,737 – 7,737 Issue of convertible bonds – – – 19,430 – – – – 19,430 – 19,430 Exchange realignment and total income and expense for the year recognised directly in equity – – – – – – (1,122) – (1,122) 1,234 112 Loss for the year – – – – – – – (1,608,204) (1,608,204) (287,872) (1,896,076) Total loss and expenses for the year – – – – – – (1,122) (1,608,204) (1,609,326) (286,638) (1,895,964) At 31 December 2005 296,888 1,140,835* 7,737* 19,430 232,555* 119,951* 1,335* (1,777,786)* 40,945 – 40,945 Attributable to equity holders of the parent Equity component Issued Share Share of Exchange share premium option convertible Contributed Statutory fluctuation Accumulated Total capital account reserve notes surplus reserves reserve losses equity HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 (Note 34(a)) (Note 34(a)) At 1 January 2006 296,888 1,140,835 7,737 19,430 232,555 119,951 1,335 (1,777,786) 40,945 Issue of shares and exercise of share options 297,083 297,219 (114) – – – – – 594,188 Share issue expenses – (6,988) – – – – – – (6,988) Equity-settled share option arrangement – – 15,997 – – – – – 15,997 Exchange realignment and total income and expense for the year recognised directly in equity – – – – – – 12,422 – 12,422 Profit for the year – – – – – – – 15,423 15,423 Total profit and expense for the year – – – – – – 12,422 15,423 27,845 At 31 December 2006 593,971 1,431,066* 23,620* 19,430 232,555* 119,951* 13,757* (1,762,363)* 671,987 * These reserve accounts comprise the consolidated reserves of approximately HK$58,586,000 (2005: HK$(275,373,000)) in the consolidated balance sheet. 52 Annual Report 2006
TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED Consolidated Cash Flow Statement Year ended 31 December 2006 2006 2005 Notes HK$’000 HK$’000 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) before tax 32,132 (1,871,446) Adjustments for: Share of losses of an associate 9,498 – Deemed gain on dilution of interest in an associate 8 (32,435) – Interest income 8 (12,760) (16,522) Finance costs 10 29,118 20,867 Depreciation 9 97,801 113,240 Prepaid land lease recognised 9 587 548 Amortisation of intangible assets 9 6,475 22,416 (Gain)/loss on disposal of property, plant and equipment 9 (19,293) 6,072 Loss on retirement and disposal of intangible assets 425 – Equity-settled share option expenses 9 15,997 7,737 (Write back)/impairment loss of trade receivables and other receivables (44,176) 50,367 Excess over the cost of business combinations in the acquisition of minority interest 8 – (6,812) Excess fund contributed from minority interest for the release of intellectual property royalties guarantee 8 – (91,791) 83,369 (1,765,324) Decrease in inventories 127,863 322,538 Decrease/(increase) in trade receivables 39,985 (163,114) Decrease/(increase) in notes receivable 310,841 (196,730) Increase in factored trade receivables (149,502) (106,981) Decrease in prepayments, deposits and other receivables 146,602 15,916 Decrease/(increase) in due from related companies 118,391 (296,920) Decrease in trade and notes payable (527,940) (137,103) Decrease in other payables and accruals (193,060) (422,771) Decrease in provision for warranties (27,299) – (Decrease)/increase in amounts due to related companies (129,276) 379,804 Decrease in retirement indemnities (412) (44,122) Decrease in long service medal (103) (7,103) (Decrease)/increase in advances on discounted notes receivables and factored trade receivables (87,357) 589,045 Decrease in due to minority shareholder – (24,258) Cash used in operations (287,898) (1,857,123) Overseas taxes paid – (83,811) Interest paid (26,319) (18,494) Net cash outflow from operating activities (314,217) (1,959,428) Annual Report 2006 53
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2006 - TCL Communication Technology Holdings Limited

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