Annual Report 2011 - Goodbaby International Holdings Limited

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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Year Ended 31 December 2011 gb international Attributable to owners of the parent Statutory Cumulative Proposed Non- Share Share reserve translation Merger Retained final controlling Total capital premium funds adjustments reserve earnings dividend Total interests equity (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (HK$’000) (note 33) (note 34(a)) (note 34(a)) (note 15) As at 1 January 2010 273 255,668 87,923 124,903 118,276 206,351 – 793,394 31,019 824,413 Profit for the year – – – – – 150,925 – 150,925 28 150,953 Exchange differences on translation – – – 14,946 – – – 14,946 898 15,844 Total comprehensive income for the year – – – 14,946 – 150,925 – 165,871 926 166,797 Proposed final 2010 dividend – – – – – (50,000) 50,000 – – – Profit appropriation – – 17,645 – – (17,645 ) – – – – Issuance of shares 2,010 982,890 – – – – – 984,900 – 984,900 Capitalisation issue 7,717 (7,717 ) – – – – – – – – Share issuance expenses – (58,260 ) – – – – – (58,260 ) – (58,260 ) Special dividends declared (note 15) Deemed contribution from an equity – (255,668 ) – – – (150,837 ) – (406,505 ) – (406,505 ) holder (note 32) – – – – 35,699 – – 35,699 – 35,699 Disposal of a discontinued operation – – – – – – – – (6,167) (6,167) As at 31 December 2010 and 1 January 2011 10,000 916,913 * 105,568 * 139,849 * 153,975 * 138,794 * 50,000 1,515,099 25,778 1,540,877 Profit for the year – – – – – 176,915 – 176,915 773 177,688 Exchange differences on translation – – – 37,588 – – – 37,588 1,295 38,883 Total comprehensive income for the year – – – 37,588 – 176,915 – 214,503 2,068 216,571 Proposed final 2011 dividend – – – – – (50,000) 50,000 – – – Profit appropriation – – 1,834 – – (1,834 ) – – – – 2010 dividends declared (note 15) – – – – – – (50,000) (50,000) – (50,000) As at 31 December 2011 10,000 916,913 * 107,402 * 177,437* 153,975 * 263,875 * 50,000 1,679,602 27,846 1,707,448 * These reserve accounts comprise the consolidated reserves of HK$1,619,602,000 (2010: HK$ 1,455,099,000) in the consolidated statement of financial position.
CONSOLIDATED STATEMENT OF CASH FLOWS Year Ended 31 December 2011 / 69 Note 2011 2010 (HK$’000) (HK$’000) Cash flows from operating activities: Profit for the year: 177,688 150,953 Income tax expense 16,117 35,884 Depreciation and amortisation Loss on disposal of items of property, 79,479 93,429 plant and equipment Fair value (gains)/losses on derivative 1,732 977 financial instruments (13,947) 2,885 Write-down of inventories Recognition/(reversal) for impairment 1,032 4,610 of receivables 245 (620) Interest expense 11,617 24,482 Interest income (3,749) (1,635) Transaction costs related to the issue of shares – 32,343 Increase in inventories (106,490) (176,800) Increase in trade and notes receivables Decrease/(increase) in prepayments and (122,837) (23,464) other receivables (Increase)/decrease in amounts due 11,947 (65,231) from related parties (42,584) 161,242 Decrease in amounts due to related parties (649) (95,729) Increase in trade and notes payables (Decrease)/increase in other payables, 172,122 51,835 advances from customers and accruals (14,054) 11,764 (Decrease) /increase in provision (10,984) 2,404 Income tax paid (18,161) (38,461) Net cash flows generated from operating activities 138,524 170,868 continued/...
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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
Page 19 and 20: ) Our OBM model was systematically
Page 21 and 22: FINANCIAL REVIEW — CONTINUING OPE
Page 23 and 24: Cost of Sales, Gross Profit and Gro
Page 25 and 26: Income Tax Expense Our income tax e
Page 27: Pledge of Assets As at 31 December
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Page 42 and 43: The Board is pleased to present thi
Page 44 and 45: development efforts of the Company
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Page 52: The Directors are pleased to presen
Page 55 and 56: pursuant to which each of the Coven
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Page 63 and 64: DISCLOSURE UNDER RULE 13.20 OF THE
Page 65 and 66: INDEPENDENT AUDITORS’ REPORT We b
Page 67 and 68: CONSOLIDATED STATEMENT OF COMPREHEN
Page 69: CONSOLIDATED STATEMENT OF FINANCIAL
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NOTES TO FINANCIAL STATEMENTS 31 De
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FINANCIAL SUMMARY ASSETS, LIABILITI
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gbinternational.com.hk
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