2011 Annual Report - TOM Group

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80 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 4 Segment information (Continued) There are no significant sales between the geographical segments. Non-current assets other than Revenue deferred tax assets Year ended Year ended Year ended Year ended 31 December 31 December 31 December 31 December 2011 2010 2011 2010 Consolidated Consolidated Consolidated Consolidated Total Total Total Total HK$’000 HK$’000 HK$’000 HK$’000 Hong Kong 15,705 17,096 14,818 7,798 Mainland China 1,291,218 1,527,744 2,118,023 2,463,770 Taiwan and other Asian country 1,019,437 919,387 629,786 619,567 2,326,360 2,464,227 2,762,627 3,091,135 Revenue is allocated based on the country in which the business is operated and non-current assets other than deferred tax assets are allocated based on the location of the assets. 5 Provision for impairment of goodwill and other assets The amount in the current year represented a provision for impairment of goodwill of the Internet Group of HK$421,201,000. This provision was made as a result of the decline in operating environment and overall lower industry valuations of the Group’s wireless value-added services and traditional portal operation in Mainland China (2010: provision for impairment of goodwill of HK$2,614,000 and available-for-sale financial assets of HK$8,900,000 relating to the Outdoor Media Group). TOM Group Limited
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 6 Operating loss Operating loss is stated after charging/crediting the following: Charging: 2011 2010 HK$’000 HK$’000 Mobile operators and revenue sharing costs 412,608 645,925 Depreciation (note 14) 57,180 64,888 Amortisation of other intangible assets (note 16) 162,225 136,135 Cost of inventories sold (note 24) 561,337 540,831 Staff costs (including directors’ emoluments) (note 12) 600,294 561,434 Operating leases in respect of: – Land and buildings 63,949 59,943 – Other assets 127,815 105,721 Auditors’ remuneration 12,805 10,141 Provision for impairment of trade receivables, net (note 25(c)) 910 5,868 Provision for inventories 15,820 11,909 Loss on disposal of fixed assets 330 182 Crediting: Dividend income from available-for-sale financial assets 6,153 494 Gain on disposal of available-for-sale financial assets – 5,402 Gain on disposal of a subsidiary (note 37(b)) – 7,666 Exchange gain, net 19,792 24,279 7 Finance costs, net 2011 2010 HK$’000 HK$’000 Interest and borrowing costs on bank loans 57,523 58,574 Interest on other loans 1,897 1,900 59,420 60,474 Less: Bank interest income (19,754) (15,285) 39,666 45,189 Annual Report 2011 81
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CONTENTS CONTENTS 19 11 21 11 47 37
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2 CORPORATE PROFILE TOM Group Limit
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4 FINANCIAL HIGHLIGHTS For the year
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6 MANAGEMENT’S DISCUSSION AND ANA
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8 MANAGEMENT’S DISCUSSION AND ANA
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10 MANAGEMENT’S DISCUSSION AND AN
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12 DIRECTORS’ PROFILE Ip Tak Chue
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14 CORPORATE GOVERNANCE REPORT The
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18 CORPORATE GOVERNANCE REPORT Upon
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24 CORPORATE GOVERNANCE REPORT Corp
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28 REPORT OF THE DIRECTORS Director
Page 32 and 33: 30 REPORT OF THE DIRECTORS (e) (f)
Page 34 and 35: 32 REPORT OF THE DIRECTORS Director
Page 36 and 37: 34 REPORT OF THE DIRECTORS Interest
Page 38 and 39: 36 REPORT OF THE DIRECTORS Li Ka-Sh
Page 40 and 41: 38 REPORT OF THE DIRECTORS (d) (e)
Page 42 and 43: 40 REPORT OF THE DIRECTORS During t
Page 44 and 45: 42 INDEPENDENT AUDITOR’S REPORT I
Page 46 and 47: 44 CONSOLIDATED INCOME STATEMENT Fo
Page 48 and 49: 46 CONSOLIDATED STATEMENT OF FINANC
Page 50 and 51: 48 STATEMENT OF FINANCIAL POSITION
Page 52 and 53: 50 CONSOLIDATED STATEMENT OF CHANGE
Page 54 and 55: 52 NOTES TO THE CONSOLIDATED FINANC
Page 102 and 103: 100 NOTES TO THE CONSOLIDATED FINAN
Page 126 and 127: 124 PRINCIPAL SUBSIDIARIES, JOINTLY
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2011 Annual Report - TOM Group

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