Annual Report 2011 - Goodbaby International Holdings Limited

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NOTES TO FINANCIAL STATEMENTS 31 December 2011 37.RELATED PARTY TRANSACTIONS AND BALANCES (Continued) (c) Other transactions with related parties (i) In 2010, the Group disposed of a discontinued operation to a related party. Details of gb international which are described in notes 14 and 32. The disposal of a discontinued operation was made according to the considerations and terms agreed between the related parties. (ii) Prior to the listing of the Company’s shares on the Stock Exchange, the Company and certain subsidiaries have guaranteed the borrowings of GBHL from Fubon, secured all of their assets and pledged its 25% equity interest in GCPN and 100% equity interest in GCPC to Fubon. The above guarantees and pledge of assets and equity interest were released on 24 November 2010 upon the repayment of borrowings from Fubon by GBHL. (iii) The Group offset its amount due from GBHL with an amount due to GBHL of HK$595,485,000 in 2010. (iv) In June 2009, one subsidiary of the Group provided a guarantee to GPCL for the short term borrowing of HK$68,143,000 from a bank and the guarantee was subsequently released in June 2010 upon the repayment of the bank loan by GPCL. (d) Outstanding balances with related parties GROUP 2011 2010 (HK$’000) (HK$’000) Amounts due from related parties GCCL 119,529 75,550 GPCL – 1,395 119,529 76,945 Amounts due to related parties GBHL – 446 CRFH – 203 – 649
NOTES TO FINANCIAL STATEMENTS 31 December 2011 37.RELATED PARTY TRANSACTIONS AND BALANCES (Continued) (d) Outstanding balances with related parties (Continued) COMPANY / 145 2011 2010 (HK$’000) (HK$’000) Amounts due to related parties GBHL – 446 CRFH – 203 Total – 649 The amounts due from/to related parties and balances with subsidiaries are unsecured, interest-free and repayable on demand. (e) Compensation of key management personnel of the Group 2011 2010 (HK$’000) (HK$’000) Short term employee benefits 25,624 36,762 Post-employment benefits 167 131 Total compensation paid to key management personnel 25,791 36,893 Further details of directors’ remuneration are included in note 10 to the financial statements.
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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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Page 95 and 96: NOTES TO FINANCIAL STATEMENTS 31 De
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Annual Report 2011 - Goodbaby International Holdings Limited

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