Annual Report 2011 年報 - Neo-Neon LED Lighting International Ltd

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NotES to tHE CoNSoLIDAtED fINANCIAL StAtEMENtS 24. INVESTMENTS HELD-FOR-TRADING 31.3.2011 31.12.2009 HK$’000 HK$’000 Equity securities listed in Hong Kong 39,948 282,869 Gold, silver and platinum contracts held-for-trading* 39,720 75,593 Undated deeply subordinated notes listed overseas 33,542 25,195 US dollar step-up callable perpetual preferred securities listed overseas 7,892 7,655 121,102 391,312 * The gold, silver and platinum contracts held-for-trading are acquired principally for the purpose of selling in the near future on a net settlement basis. 25. PLEDGED BANK DEPOSITS AND BANK BALANCES AND CASH At the end of the reporting period, the pledged bank deposits are carrying at the prevailing market interest rate. Pledged bank deposits represent deposits pledged to banks to secure credit facilities granted to the Group. Bank balances and cash comprise cash held by the Group and short-term bank deposits with an original maturity of three months or less. At the end of the reporting period, the bank deposits carry interest at the prevailing market interest rate of approximately 0.45% (2009: 0.76%) per annum. 26. ASSETS HELD FOR SALE On 31st December, 2009, the Group entered into a preliminary sale and purchase agreement with an independent third party to dispose of its land and building in Hong Kong with a carrying value of HK$62,428,000 for a consideration of HK$106,800,000. The disposal was completed on 30 September 2010. The gain on disposal of the property, after deducting the relevant selling expenses, is HK$43,188,000 which is recognised in profit or loss in current period. ANNUAL REPORT 2011 93
NotES to tHE CoNSoLIDAtED fINANCIAL StAtEMENtS 27. TRADE AND OTHER PAYABLES 31.3.2011 31.12.2009 HK$’000 HK$’000 Trade payables – associate 631 641 – others 197,826 96,158 Bills payables 40,321 56 238,778 96,855 Customers’ deposits 38,911 25,831 Payroll and welfare payables 26,908 16,589 Payables for acquisition of property, plant and equipment 20,870 3,787 Other tax payables 11,444 4,747 Other payables 47,479 23,787 384,390 171,596 The following is an aged analysis of trade and bills payables presented based on the invoice date at the end of the reporting period: 31.3.2011 31.12.2009 HK$’000 HK$’000 Age 0 to 30 days 121,304 42,772 31 to 60 days 25,646 22,046 61 to 90 days 32,152 7,382 91 to 120 days 38,428 5,454 121 to 360 days 21,248 19,201 238,778 96,855 The average credit period on purchase of goods ranges from 30 days to 90 days. The Group has financial risk management policies in place to ensure that all payables are settled within the credit timeframe. 94 NEO-NEON HOLDINGS LIMITED
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Contents Corporate Information 4 Ch
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4lnternational Merged In Year 2010,
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Chairman’s Statement Dear Shareho
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Chairman’s Statement We are confi
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Directors, and Senior Management Pr
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Directors, and Senior Management Pr
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Management Discussion And Analysis
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Directors’ Report PRE-EMPTIVE RIG
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Directors’ Report DIRECTORS AND C
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Directors’ Report CONNECTED TRANS
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Directors’ Report The weighted av
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Directors’ Report EMPLOYEES The t
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Corporate Governance Report Chairma
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Corporate Governance Report Minutes
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Corporate Governance Report III. Em
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INDEPENDENt AuDItor’S rEPort TO T
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CoNSoLIDAtED StAtEMENt of CoMPrEHEN
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Page 48 and 49: NotES to tHE CoNSoLIDAtED fINANCIAL
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Annual Report 2011 年 報 - Neo-Neon LED Lighting International Ltd

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Annual Report 2011 年報 - Neo-Neon LED Lighting International Ltd