Annual Report 2008 年報 - Irasia.com

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 16. OWNER-OCCUPIED LEASEHOLD INTEREST IN LAND The Group’s owner-occupied leasehold interest in land comprises: 16. 2008 2007 HK$’000 HK$’000 Medium-term leasehold land in PRC 52,397 50,575 Analysed for reporting purpose as: – current assets 984 760 – non-current assets 51,413 49,815 52,397 50,575 17. GOODWILL 17. 2008 2007 HK$’000 HK$’000 Cost At 1 January 25,715 – Arising on acquisition – 25,715 At 31 December 25,715 25,715 Accumulated Impairment losses At 1 January – – Provided for the year (25,715) – At 31 December (25,715) Carrying Amount At 31 December – 25,715 In the year 2008, the Group has provided fully for goodwill that are determined be the zero value. 2008 – 93
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 17. GOODWILL (Continued) Impairment test for cash-generating unit containing goodwill The recoverable amount of the cash-generating unit is determined based on value-in-use calculations. These calculations use cash flow projections based on financial budgets approved by management covering a five-year period. Cash flows beyond the five-year period are extrapolated using the estimated rates stated below. The growth rate does not exceed the long-term average growth rate for the business in which the cashgenerating unit operates. Key assumptions used for value-in-use calculations: 17. 2007 % Gross margin 33 Growth rate 32 Discount rate 6.5 Management determined the budgeted gross margin based on past performance and its expectation for market development. The discount rates used are pretax and reflect specific risks relating to the relevant segments. The directors concluded that it is appropriate not provide for impairment for the year ended 31 December 2007. 94 SUPERB SUMMIT INTERNATIONAL TIMBER COMPANY LIMITED – Annual Report 2008
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Annual Report 2008 SUPERB SUMMIT I
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FINANCIAL HIGHLIGHTS BUSINESS REVI
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CHAIRMAN’S STATEMENT I am please
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MANAGEMENT DISCUSSION AND ANALYSIS
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REPORT OF THE DIRECTORS The direct
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REPORT OF THE DIRECTORS PROPERTY,
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REPORT OF THE DIRECTORS Independen
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REPORT OF THE DIRECTORS Note: Thes
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REPORT OF THE DIRECTORS DIRECTORS
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CORPORATE INFORMATION HEAD OFFICE
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CORPORATE GOVERNANCE REPORT The bo
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CORPORATE GOVERNANCE REPORT The Bo
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CORPORATE GOVERNANCE REPORT The Co
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CORPORATE GOVERNANCE REPORT AUDITO
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DIRECTORS AND SENIOR MANAGEMENT PRO
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DIRECTORS AND SENIOR MANAGEMENT PRO
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INDEPENDENT AUDITOR’S REPORT Tho
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INDEPENDENT AUDITOR’S REPORT Due
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CONSOLIDATED BALANCE SHEET AT 31 D
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Annual Report 2008 年報 - Irasia.com

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