Osim FR 050407.indd

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Notes to the Financial Statements - 31 December 2006 (cont’d)30. Other operating incomeGroup2006 2005$’000 $’000Royalty income 1,809 1,635Repair income 2,126 2,155Government development grant 627 775Negative goodwill arising on acquisition of a subsidiary – 615Reversal of write-down of inventories 595 –Others 3,838 2,0308,995 7,21031. Directors’ remunerationNumber of directors of the Company in remuneration bands are as follows:2006 2005$500,000 and above 1 3$250,000 to $499,000 2 –Below $250,000 5 5Total 8 8Notes to the Financial Statements 145Annual Report 2006
Notes to the Financial Statements - 31 December 2006 (cont’d)32. Other operating expensesThe following items have been included in arriving at other operating expenses:Group2006 2005$’000 $’000Non-audit fees paid to:- Auditors of the Company 49 70- Other auditors* 356 738Impairment loss on goodwill (Note 13) – 2,841Impairment loss on fi xed assets (Note 10) 90 100Loss on disposal of fi xed assets 1,414 558Losses on deemed changes in shareholdings in a subsidiary and a jointventure – net (Note 11e, 12a) 1,067 –Foreign currency losses/(gains), net 4,032 (1,536)* Includes $293,000 (2005: $700,000) paid to Ernst & Young fi rms outside Singapore.33. Financial expenses and financial income(a)Group2006 2005$’000 $’000Financial expensesInterest expenses- bank loans 4,279 1,514- lease obligations 367 199- bills payable 2,302 1,023- bank overdraft 143 937,091 2,829Loan arrangement fees – 1,0507,091 3,879Notes to the Financial Statements 146Annual Report 2006
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Process and Performanceas the growt
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Customer Service Department“I put
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Sales Department“I look forward t
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Research & Development“Every prod
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Contents17 CEO’s Message22 The Ro
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... ensuring that as we grow,they g
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previous year. Q4 2006 revenue rose
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The Role ModelsThe Role Models 22 A
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Ms Teo Sway HeongNon-Executive Dire
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Mr Peter Lee Hwai KiatMs Celine Cha
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Result of our Growth StrategyThe Gr
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Performance ReviewIn building a glo
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ProfitabilityIn FY2006, buoyant rev
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An Environment of GrowthMarch 2006
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Financial HighlightsOur goal is to
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Number of OutletsOSIM OutletsNorth
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Capital ExpenditureCapexS$’000 Le
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Corporate Structure as at 21 Februa
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OSIM Global NetworkSINGAPORECHINATA
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Corporate InformationBoard of Direc
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Non Executive DirectorMs Teo Sway H
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Corporate Governance Report 51 Annu
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The Company worked closely with a p
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New directors are at present appoin
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In 2006, the Audit & Risk Managemen
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The aggregate value of interested p
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Financial Contents64 Directors’ R
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Directors’ ReportFor the Year end
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Directors’ Report (cont’d)Share
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Directors’ Report (cont’d)Share
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Directors’ Report (cont’d)Audit
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Independent Auditors’ Reportto th
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Balance Sheetsas at 31 December 200
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Consolidated Profit and Loss Accoun
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Statements of Changes in Equity for
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Consolidated Cash Flow Statementfor
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Consolidated Cash Flow Statement fo
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Notes to the Financial Statements -
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Page 95 and 96: Notes to the Financial Statements -
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Page 171 and 172: Major PropertiesUnexpiredterm ofDes
Page 173 and 174: Shareholdings Statistics as at 8 Ma
Page 175 and 176: Notice of Annual General Meeting (c
Page 177 and 178: Notice of Annual General Meeting (c
Page 179 and 180: Appendix (cont’d)DEFINITIONSIn th
Page 181 and 182: Appendix (cont’d)PROPOSED RENEWAL
Page 183 and 184: Appendix (cont’d)3.1.3 The Direct
Page 185 and 186: Appendix (cont’d)4. Rationale and
Page 187 and 188: Appendix (cont’d)11. ACTION TO BE
Page 189 and 190: OSIM INTERNATIONAL LTDCompany Regis
Page 191: SINGAPOREOSIM International Ltd65 U
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Osim FR 050407.indd

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