Notes to Fina - æå³¶æ°èéå

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ncial Statements 2. IMPACT OF NEW AND REVISED STATEMENTS OF STANDARD ACCOUNTING PRACTICE (“SSAPs”) 2. The following new and revised SSAPs are effective for the first time for the current year’s financial statements: • SSAP 1 (Revised): “Presentation of financial statements” • SSAP 11 (Revised): “Foreign currency translation” • SSAP 15 (Revised): “Cash flow statements” • SSAP 33: “Discontinuing operations” • SSAP 34: “Employee benefits” 1 11 15 33 34 These SSAPs prescribe new accounting measurement and disclosure practices. The major effects on the Group’s accounting policies and on the amounts disclosed in these financial statements of adopting these SSAPs which have had a significant effect on the financial statements are summarised as follows: SSAP 1 prescribes the basis for the presentation of financial statements and sets out guidelines for their structure and minimum requirements for the content thereof. The principal impact of the revision to this SSAP is that a consolidated statement of changes in equity is now presented on pages 50 to 51 of this Annual Report in place of the consolidated statement of recognised gains and losses that was previously required and the Group reserves’ note. 1 5051 Global China Group Holdings Limited Annual Report 2002 59
Notes to Fina Notes to Financial Statements 31 December 2002 2. IMPACT OF NEW AND REVISED STATEMENTS OF STANDARD ACCOUNTING PRACTICE (“SSAPs”) (continued) 2. SSAP 11 prescribes the basis for the translation of foreign currency transactions and financial statements. The principal impact of the revision of this SSAP on the consolidated financial statements is that the profit and loss accounts of overseas subsidiaries, jointlycontrolled entities and associates are now translated to Hong Kong dollars at the weighted average exchange rates for the year, whereas previously they were translated at the exchange rates ruling at the balance sheet date. The adoption of the revised SSAP 11 has had no material effect on the financial statements. Further details of this change are included in the accounting policy for “Foreign currencies” in note 3 to the financial statements. 11 11 3 60 Global China Group Holdings Limited Annual Report 2002
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CONTENTS CONTENTS Global China Gro
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nformation AUDITORS Ernst & Young
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Statement I am also proud to tell
Page 10 and 11: 05 06 07 08 09 05: “Sing Tao Dai
Page 12 and 13: cussion and Analysis The gearing r
Page 14 and 15: cussion and Analysis 1. Newspaper
Page 16 and 17: cussion and Analysis With the acqu
Page 18 and 19: cussion and Analysis 1. Print Medi
Page 20 and 21: cussion and Analysis With a view t
Page 22 and 23: cussion and Analysis Although we h
Page 24 and 25: 04 05 06 07 08 04: China Touch Med
Page 26 and 27: enior Management Mr. Jia Hong Ping
Page 28 and 29: enior Management Mr. Yang Yiu Chon
Page 30 and 31: enior Management Dr. Tong Yuk Lun,
Page 32 and 33: enior Management Ms. Chan has over
Page 34 and 35: e Directors SUMMARY FINANCIAL INFOR
Page 36 and 37: e Directors DIRECTORS The directors
Page 38 and 39: e Directors DIRECTORS’ INTERESTS
Page 40 and 41: e Directors Save as disclosed above
Page 42 and 43: e Directors Following the commencem
Page 44 and 45: e Directors AUDITORS Ernst & Young
Page 46 and 47: e Auditors We planned and performe
Page 48 and 49: fit and Loss Account Period from
Page 50 and 51: Balance Sheet 2002 2001 Notes H
Page 52 and 53: ent of Changes in Equity Issued I
Page 54 and 55: sh Flow Statement Period from 1 A
Page 56 and 57: sh Flow Statement Period from 1 A
Page 58 and 59: Balance Sh Balance Sheet 31 Decemb
Page 62 and 63: ncial Statements 2. IMPACT OF NEW
Page 64 and 65: ncial Statements 3. SUMMARY OF SI
Page 86 and 87: ncial Statements 4. SEGMENT INFOR
Page 88 and 89: ncial Statements 4. SEGMENT INFOR
Page 90 and 91: ncial Statements 5. TURNOVER, REV
Page 92 and 93: ncial Statements 7. PROFIT/(LOSS)
Page 94 and 95: ncial Statements 8. DISCONTINUED
Page 96 and 97: ncial Statements 10. DIRECTORS’
Page 98 and 99: ncial Statements 11. FIVE HIGHEST
Page 100 and 101: ncial Statements 14. EARNINGS/(LO
Page 102 and 103: ncial Statements 15. FIXED ASSETS
Page 108 and 109: ncial Statements 17. GOODWILL AND
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ncial Statements 19. INVESTMENT I
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ncial Statements 20. INTERESTS IN
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ncial Statements 22. INVESTMENTS
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ncial Statements 26. CASH AND CAS
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ncial Statements 28. INTEREST-BEA
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ncial Statements 30. LONG TERM OT
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ncial Statements 33. DEFERRED TAX
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ncial Statements 34. SHARE CAPITA
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ncial Statements 35. SHARE OPTION
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ncial Statements 36. RESERVES (co
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ncial Statements 37. NOTES TO THE
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ncial Statements 38. CONTINGENT L
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ncial Statements 40. OPERATING LE
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ncial Statements 41. COMMITMENTS
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ncial Statements 42. POST BALANCE
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ncial Statements 44. PARTICULARS
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ncial Statements 45. COMPARATIVE
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ajor Properties Approx. gross Gro
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ajor Properties Approx. gross Gro
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Notice of Gene Notice of Annual Ge
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al General Meeting (d) for the pur
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al General Meeting (c) the aggrega
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