Osim FR 050407.indd

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Notes to the Financial Statements - 31 December 2006 (cont’d)35. Taxation (cont’d)OSIM International Trading (Shanghai) Co. Ltd and OSIM (China) Co., LtdAs a wholly foreign-owned enterprise registered in the Zone, Pudong New Area, the companies are subject to PRC income tax at therate of 15%.OSIM (Taiwan) Co., LtdPursuant to the Income Tax Law (“ITL”), beginning with 1998, annual distributable net earnings as determined under the ITL that arenot distributed to shareholders in the following year are subject to additional income tax at a rate of 10%. The 25% income tax andadditional 10% tax paid by the Company for 1998 and onwards may be used by individual resident shareholders of the Companyas individual income tax credits. Pursuant to the ITL, the additional 10% income tax paid may be used by the shareholders, otherthan domestic corporate shareholders as tax credits when the undistributed earnings are ultimately distributed.36. Earnings per shareBasic earnings per share amounts are calculated by dividing profi t for the year that is attributable to ordinary equity holders of theCompany by the weighted average number of ordinary shares outstanding during the year.Diluted earnings per share amounts are calculated by dividing profi t for the year that is attributable to ordinary equity holders of theCompany by the weighted average number of ordinary shares outstanding during the year plus the weighted average number ofordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares.Notes to the Financial Statements 151Annual Report 2006
Notes to the Financial Statements - 31 December 2006 (cont’d)36. Earnings per share (cont’d)The following table refl ects the profi t and loss account and share data used in the computation of basic and diluted earnings pershare for the years ended 31 December:Group2006 2005$’000 $’000Profi t for the year attributable to ordinary equity holders of the Companyused in computation of basic and diluted earnings per share 33,802 46,693Group2006 2005Number of shares’000 ’000(Restated)Weighted average number of shares 450,504 448,396Adjustment for bonus issue 89,936 89,798Weighted average number of ordinary shares for basic earnings per share computation 540,440 538,194Dilutive effect of share options 3,818 3,111Weighted average number of ordinary shares adjusted for the effect of dilution 544,258 541,305Notes to the Financial Statements 152Annual 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 101 and 102: 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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