Annual Report 2011 - QuamIR

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Notes to the Consolidated Financial StatementsFor the year ended 31 March 201112. Employees’ EmolumentsOf the five individuals with the highest emoluments in the Group, two (2010: four) were directors ofthe Company whose emoluments are included in the disclosures in note 11 above. The emoluments ofthe remaining three individuals (2010: one individual) were as follows:2011 2010HK$’000HK$’000Salaries and other benefits 4,516 480Contributions to retirement benefits scheme 76 –Equity-settled share-based payments 1,209 –Discretionary bonus 900 –6,701 480Their emoluments fell within the following band:Number of employees2011 2010Nil – HK$1,000,000 – 1HK$1,500,001 – HK$2,000,000 2 –HK$3,000,001 – HK$3,500,000 1 –During the year ended 31 March 2011, saved for HK$400,000 was paid to Mr. Stein Garry Richard (2010:HK$5,000,000 was paid to Mr. Sung Kin Man) as an inducement to join or upon joining the Group, noother emoluments were paid by the Group to the other highest paid individuals, including directors, asan inducement to join or upon joining the Group or as compensation for loss of office (2010: Nil).13. Retirement Benefit SchemesThe Group operates a defined contribution Mandatory Provident Fund retirement benefits scheme (the“MPF Scheme”) under the Mandatory Provident Fund Schemes Ordinance, for those employees whoare eligible to participate in the MPF Scheme. Contributions are made based on a percentage of theemployees’ basic salaries and are charged to the consolidated statement of comprehensive income as theybecome payable in accordance with the rules of the MPF Scheme. The assets of the MPF Scheme areheld separately from those of the Group in an independently administered fund. The Group’s employercontributions vest fully with the employees when contributed into the MPF Scheme.The employees employed in the PRC subsidiaries are members of the state-managed retirement benefitsschemes operated by the PRC government. The PRC subsidiaries are required to contribute a certainpercentage of their payroll to the retirement benefits schemes to fund the benefits. The only obligationof the Group with respect to the retirement benefits schemes is to make the required contributionsunder the schemes.Sino Prosper State Gold Resources Holdings Limited82
Notes to the Consolidated Financial StatementsFor the year ended 31 March 201113. Retirement Benefit Schemes (continued)During the year ended 31 March 2011, the total amount contributed by the Group to the schemes andcharged to the consolidated statement of comprehensive income amounted to approximately HK$538,000(2010: HK$201,000). At 31 March 2011, there were no forfeited contributions available for the Groupto offset contributions payable in future years (2010: Nil).14. Loss Per ShareThe calculation of the basic and diluted loss per share attributable to owners of the Company is basedon the following data:2011 2010HK$’000HK$’000Loss for the purpose of basic and diluted loss per share(loss for the year attributable to owners of the Company) 44,040 58,882Number of shares2011 2010’000 ’000Weighted average number of ordinary sharesfor the purpose of basic and diluted loss per share 6,319,221 2,100,601The computation of diluted loss per share did not assume the exercise of the Company’s potential ordinaryshares granted under the Company’s share option scheme, outstanding warrants and convertible bondssince their exercise would have an anti-dilutive effect.15. Loss Attributable to Owners of the CompanyThe consolidated loss attributable to owners of the Company for the year ended 31 March 2011 includesa loss of approximately HK$42,611,000 (2010: HK$53,988,000) which has been dealt with in the financialstatements of the Company.Annual Report 201183
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Sino Prosper State Gold Resources H
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Year in Review2010-2011April 2010HK
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Chairman’s MessageOver the course
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Chairman’s MessageFor its part, A
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Management Discussion & AnalysisAft
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Management Discussion & AnalysisInv
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Management Discussion & AnalysisTar
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Management Discussion & AnalysisDur
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Directors’ and Management Profile
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Directors’ and Management Profile
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Corporate Governance ReportDIRECTOR
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Corporate Governance ReportREMUNERA
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Directors’ ReportThe directors (t
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Directors’ ReportMr. Cai Wei Lun
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Annual Report 2011 - QuamIR

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