2 billioN - ECS Holdings Limited

More documents

Recommendations

Info

ECS Holdings Limited and its SubsidiariesNotes to TheFinancial StatementsYear ended 31 December 2005 (con’t)27 Earnings per ShareGroup2005 2004$’000 $’000Basic earnings per share is based on:-Net profit for the year ($’000) 17,313 13,463Number of shares outstanding at thebeginning of the year (’000) 355,248 346,342Weighted average number of sharesissued during the year (’000) 696 6,680Weighted average number of shares in issueduring the year (’000) 355,944 353,022In calculating fully diluted earnings per share, the weighted average number of ordinary shares in issue during the year isadjusted for the effects of all dilutive potential ordinary shares:Number of Shares2005 2004’000 ’000Weighted average number of shares used incalculation of basic earnings per share 355,944 353,022Weighted average number of dilutivepotential ordinary shares 7,655 11,249Number of shares that would have beenissued at fair value (2,577) (3,733)Weighted average number of ordinaryshares (diluted) 361,022 360,53874 ECS HOLDINGs LIMITED Annual Report 2005
Keep Going28 Equity Compensation BenefitsECS Holdings Limited and its SubsidiariesNotes to TheFinancial StatementsYear ended 31 December 2005 (con’t)The ECS Share Option Scheme I (“Scheme I”) was approved and adopted by its members at an Extraordinary General Meetingheld on 13 December 2000 to grant one-time share options to certain eligible directors and executives of the Company inrecognition of their contribution to the growth and performance of the Company.The ECS Share Option Scheme II (“Scheme II”) was approved and adopted by its members at an Extraordinary GeneralMeeting held on 13 December 2000. Scheme II provides an opportunity for employees and directors, including non-executivedirectors, of the Group who have contributed significantly to the growth and performance of the Group to participate in theequity of the Company.The above schemes are administered by the Compensation Committee (the “Committee”) which comprises the followingdirectors:-Teo Ek Tor (Chairman)Lin ChienChang Yew KongInformation regarding the schemes are set out below:-Scheme I(a) The exercise price of the options exercisable pursuant to Scheme I is the par value of the share.(b) Options granted are exercisable after the first anniversary but before the fifth anniversary of the grant date, subject to thefollowing:-- up to 50% of the shares in respect of which option is granted may be exercised within the 12 month period after thefirst anniversary of the date of grant of the option; and- the balance of the shares in respect of which option is granted may be exercised at any time after the expiry of theaforesaid 12 month period.Scheme II(a) The exercise price of the options exercisable pursuant to Scheme II is set either at:- a price equal to the average of the last dealt price for the three consecutive trading days immediately preceding thegrant of the option; or- a discount to the market price not exceeding 20% of the market price in respect of that option.(b) Options granted are exercisable at any time after the first anniversary of the grant date and in the case of options withexercise price set at a discount, at any time after the second anniversary of date of grant. Options granted to employeesand executive directors are exercisable up to the tenth anniversary of date of grant and those granted to non-executivedirectors are exercisable up to the fifth anniversary of the date of grant.(c) The scheme will continue to be in force at the discretion of the Committee, subject to a maximum period of 10 yearscommencing 13 December 2000.ECS HOLDINGs LIMITED Annual Report 200575
Page 3 and 4:
Contents04. Corporate Information05
Page 5 and 6:
Nothing moves untileveryone is read
Page 7 and 8:
Keep GoingNote fromThe EditorMr Jan
Page 9 and 10:
Lest it seems thecircuit is but one
Page 11 and 12:
It is not over until itis over. The
Page 13 and 14:
The end of a rally,regardless of th
Page 15 and 16:
Keep GoingECS HOLDINGs LIMITED Annu
Page 17 and 18:
Keep GoingECS HOLDINGs LIMITED Annu
Page 19:
Keep GoingRevenue By Business Segme
Page 22 and 23:
1 2Board of directors341. Mr Lin Ch
Page 24 and 25:
Board of directors10119129. Mrs Lee
Page 26 and 27: Senior Management(Country CEOs)From
Page 28 and 29: 2005HighlightsJanuary - March• Th
Page 30: GroupStructureECS Holdings LimitedT
Page 35 and 36: Keep GoingCorporateGovernance State
Page 41 and 42: Keep GoingECS Holdings Limited and
Page 55 and 56: Keep GoingThese notes form an integ
Page 57 and 58: Keep Going2.5 Property, Plant and E
Page 65 and 66: Keep Going4 Subsidiaries (con’t)E
Page 67 and 68: Keep Going6 Goodwill on Consolidati
Page 71 and 72: Keep Going17 Obligations Under Fina
Page 73 and 74: Keep Going21 Reserves (con’t)ECS
Page 75: Keep Going25 Directors’ Remunerat
Page 79 and 80: Keep Going29 Related Party Transact
Page 81 and 82: Keep Going31 Financial Risk Managem
Page 83 and 84: Keep Going31 Financial Risk Managem
Page 85 and 86: Keep Going33 Business Segments (Gro
Page 87 and 88: Keep Going34 Geographical Segments
Page 89 and 90: Keep GoingSubstantialShareholdersAs
Page 91 and 92: Keep GoingECS Holdings Limited(Inco
Page 93 and 94: Keep GoingECS Holdings Limited(Inco
Page 95 and 96: Keep GoingThis page has been intent
Page 97 and 98: ProxY formAnnual General MeetingECS
Page 99: ECS OfficesECS Holdings LimitedBlk
show all

2 billioN - ECS Holdings Limited

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?