Annual Report 2011 - Goodbaby International Holdings Limited

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NOTES TO FINANCIAL STATEMENTS 31 December 2011 37.RELATED PARTY TRANSACTIONS AND BALANCES (a) Name and relationship gb international Name of related party Relationship with the Group CRF Enterprise One of the Company’s shareholders CRF Investment Holdings Parent company of CRF Enterprise Limited (“CRFH”) Mr. Song Zhenghuan Director and one of the ultimate shareholders of the (“Mr. Song”) Company Ms. Fu Jingqiu (“Ms. Fu”) One of the ultimate shareholders of the Company Goodbaby Bairuikang 50/50 jointly controlled by First Shanghai Hygienic Products Hygienic Products Limited and Sure Growth Investments Limited, which is Co., Ltd. (“BRKH”) significantly influenced by Mr. Song and Ms. Fu Goodbaby Group Co., Ltd. (“GGCL”) Significantly influenced by Mr. Song GBHL Significantly influenced by CRF GPHL Controlled by GBHL GCCL Controlled by GBHL RCBL Controlled by GBHL FSCP Controlled by GBHL MGCR Controlled by GBHL BEHL Controlled by GBHL GCTP Controlled by GBHL GPCL* Formerly controlled by GBHL Majestic Sino Ltd. (“MJSL”) Controlled by CRF ETHL Controlled by MJSL GRTC Controlled by MJSL SGCP Controlled by MJSL CRF Holdings Limited (“CRFH”) Controlled by MJSL * GPCL was disposed to an independent third party by GBHL and was no longer a related party of the Group effective from January 2011.
NOTES TO FINANCIAL STATEMENTS 31 December 2011 37.RELATED PARTY TRANSACTIONS AND BALANCES (Continued) (b) Related party transactions Group In addition to the transactions and balances disclosed elsewhere in these financial statements, the Group had the following material transactions with related parties during the year: / 141 2011 2010 (HK$’000) (HK$’000) Sales of goods to related parties (note (a)) GCCL # 374,384 107,949 SGCP – 6,504 MGRL – 225 SHFS – 259 374,384 114,937 Sales of raw materials to related parties (note (a)) GPCL # – 15,380 Sales of property, plant and equipment to related parties (note (a)) GPCL – 546 Purchases of goods from related parties (note (b)) BRKH – 3,432 GPCL – 6,743 – 10,175 Purchase of raw materials from a related party (note (b)) GPCL – 73 Purchase of property, plant and equipment from a related party (note (b)) GPCL – 996 Service fee income from a related party (note (c)) GPCL # – 1,508
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gbinternational.com.hk
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CORPORATE INFORMATION gb internatio
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CORPORATE INFORMATION DIRECTORS Exe
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7 Chairman’s Statement
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Dear Shareholders, I wish to presen
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Looking forward, the Group will con
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OVERVIEW For the financial year end
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) Our OBM model was systematically
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FINANCIAL REVIEW — CONTINUING OPE
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Cost of Sales, Gross Profit and Gro
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Income Tax Expense Our income tax e
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Pledge of Assets As at 31 December
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gb international
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The Board is pleased to present thi
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development efforts of the Company
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Specific enquiry has been made of a
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The key elements of the Group’s i
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gb international
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The Directors are pleased to presen
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pursuant to which each of the Coven
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Directors’ Interest in the Shares
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During the year under review, the t
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DISCLOSURE UNDER RULE 13.20 OF THE
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INDEPENDENT AUDITORS’ REPORT We b
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CONSOLIDATED STATEMENT OF COMPREHEN
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CONSOLIDATED STATEMENT OF FINANCIAL
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CONSOLIDATED STATEMENT OF CASH FLOW
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STATEMENT OF FINANCIAL POSITION 31
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NOTES TO FINANCIAL STATEMENTS 31 De
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Annual Report 2011 - Goodbaby International Holdings Limited

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