MEWAH INTERNATIONAL INC. Unaudited ... - Mewah Group

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MEWAH INTERNATIONAL INC.(Incorporated in the Cayman Islands. Registration Number: CR-166055)Unaudited Financial Statements For The Second Quarter and Half Year Ended 30 June 20111(d)(ii) SHARE CAPITALDetails of any changes in the Company’s share capital arising from rights issue, bonus issue, sharebuy-backs, exercise of share options or warrants, conversion of other issues of equity securities, issueof shares for cash or as consideration for acquisition or for any other purpose since the end of theprevious period reported on. (State also the number of shares that may be issued on conversion of allthe outstanding convertibles as at the end of the current financial period reported on and as at theend of the corresponding period of the immediately preceding financial year)No. of ordinarysharesShare capitalUS$'000Q2 2011Issued and fully paid ordinary sharesBalance at beginning/end of the financial period 1,507,061,440 1,507Q2 2010Issued and fully paid ordinary sharesBalance at beginning/end of the financial period 1,050,002 11Note:1,050,002 issued and paid up shares of par value US$0.01 each in the capital of theCompany were subsequently subdivided on 1 October 2010 into 10,500,020 shares of parvalue US$0.001 each. Additional 1,270,502,420 new shares of par value US$0.001 each(US$1,270,000) were issued subsequently for a cash consideration at US$0.001 per newshare.1(d)(iii) THE TOTAL NUMBER OF ISSUED SHARES EXCLUDING TREASURY SHARES AS AT THE END OFTHE CURRENT FINANCIAL PERIOD AND AS AT THE END OF THE IMMEDIATELY PRECEDING YEARThe Company’s total number of issued shares is 1,507,061,440 as at 30 Jun 2011 (31 Dec 2010:1,507,061,440).The Company did not hold any treasury shares as at 30 Jun 2011 (31 Dec 2010: Nil). There were nounissued shares of the Company or its subsidiaries under option as at 30 Jun 2011 (31 Dec 2010: Nil).1(d)(iv) ALL SALES, TRANSFERS, DISPOSAL, CANCELLATION AND/OR USE OF TREASURY SHARES AS ATTHE END OF THE CURRENT FINANCIAL PERIOD REPORTED ONNot applicable.2. WHETHER THE FIGURES HAVE BEEN AUDITED OR REVIEWED, AND IN ACCORDANCE WITH WHICHAUDITING STANDARD OR PRACTICEThe financial statements presented are not required and have not been audited or reviewed by theCompany’s independent auditors.10
MEWAH INTERNATIONAL INC.(Incorporated in the Cayman Islands. Registration Number: CR-166055)Unaudited Financial Statements For The Second Quarter and Half Year Ended 30 June 20113. WHERE THE FIGURES HAVE BEEN AUDITED OR REVIEWED, THE AUDITORS’ REPORT (INCLUDINGANY QUALIFICATIONS OR EMPHASIS OF A MATTER)Not applicable.4. WHETHER THE SAME ACCOUNTING POLICIES AND METHODS OF COMPUTATION AS IN THE ISSUER’SMOST RECENTLY AUDITED ANNUAL FINANCIAL STATEMENTS HAVE BEEN APPLIEDThe Group has adopted the same accounting policies and methods of computation in the financialstatements for the current period compared with the Group’s most recently audited financialstatements for the year ended 31 Dec 2010 except for new or amended FRS and Interpretations to FRS(“INT FRS”) that are mandatory for application for the financial year beginning on or after 1 Jan 2011.Changes to the Group’s accounting policies have been made as required, in accordance with thetransitional provisions in the respective FRS and INT FRS. The adoption of these FRS and INT FRS has nosignificant impact on the Group’s results.5. IF THERE ARE ANY CHANGES IN THE ACCOUNTING POLICIES AND METHODS OF COMPUTATION,INCLUDING ANY REQUIRED BY AN ACCOUNTING STANDARD, WHAT HAS CHANGED, AS WELL AS THEREASONS FOR, AND THE EFFECT OF, THE CHANGEThere was no change to the accounting policies and method of computation in the financial statements,except as mentioned in item 4 above.6. EARNINGS PER ORDINARY SHARE OF THE GROUP FOR THE CURRENT FINANCIAL PERIOD REPORTEDON AND THE CORRESPONDING PERIOD OF THE IMMEDIATELY PRECEDING FINANCIAL YEAR, AFTERDEDUCTING ANY PROVISION FOR PREFERENCE DIVIDENDS:-(a) Based on the weighted average number of ordinary shares on issue; and(b) On a fully diluted basis (detailing any adjustments made to the earnings).The earnings per share for the financial periods ended 30 Jun 2011 and 2010 were computed based onweighted average number of shares adjusted to take into account the subdivision, and issue of newordinary shares as explained under item 1(d)(ii). The Company’s pre-invitation capital of 1,281,002,440shares was assumed to be issued throughout the relevant periods.GroupGroupTHREE MONTHS ENDED SIX MONTHS ENDED30 Jun 2011 30 Jun 2010 30 Jun 2011 30 Jun 2010Basic and diluted based on weighted averagenumber of shares (US cents per share)0.40 1.29 1.53 2.75Weighted average number of shares applicable to 1,507,061 1,281,002 1,507,061 1,281,002basic and diluted earnings per share ('000)11
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