2006 - TCL Communication Technology Holdings Limited

TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED
Notes to Financial Statements
31 December 2006
20. INTEREST IN AN ASSOCIATE
Group
Company
2006 2005 2006 2005
HK$’000 HK$’000 HK$’000 HK$’000
Unlisted shares, at cost – – 107,474 –
Share of net assets 121,516 – – –
Goodwill on acquisition (Note (a)) 8,785 – – –
130,301 – 107,474 –
Particulars of the associate is as follows:
Percentage of
ownership
interest
Particulars of issued Place of attributable Principal
Name shares held incorporation to the Group activities
JRD Communication Inc. Ordinary shares of British Virgin 38.54% Provision of product
HK$0.1 each Islands design and
development
services
* Not audited by Ernst & Young Hong Kong or other Ernst & Young International member firms.
The following table illustrates the summarised financial information of the Group’s associates extracted from their
management accounts:
2006 2005
HK$’000
HK$’000
Assets 357,697 –
Liabilities 42,399 –
Revenues 46,344 –
Loss 45,743 –
Note (a)
Goodwill
Group
HK$’000
Cost and net carrying amount at 31 December 2006 8,785
Annual Report 2006
89