Osim FR 050407.indd

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Notes to the Financial Statements - 31 December 2006 (cont’d)44. Comparative figuresComparatives in the fi nancial statements have been changed from the previous year due to the fi nalisation of the purchase priceallocation to goodwill, intangible assets (excluding goodwill) for Global Active Limited during current year.GroupPreviouslyRestatedreported2005 2005$’000 $’000Balance Sheet of the GroupIntangible assets 39,142 35,769Deferred tax liabilities (4,084) (5,258)Revaluation reserve (5,237) –Premium on purchase of minority interests’ shares 965 953Foreign currency translation reserve 1,177 1,175Minority interests (7,436) (8,395)Presented in the Notes to the Financial StatementsIntangible assets – net carrying amount (Note 13):Franchise rights and trademarks 16,600 17,574Goodwill arising on acquisition 21,055 16,70845. Authorisation of financial statements for issueThe fi nancial statements for the year ended 31 December 2006 were authorised for issue in accordance with a resolution of thedirectors on 26 March 2007.Notes to the Financial Statements 169Annual Report 2006
Major PropertiesUnexpiredterm ofDescription Location Area (sq m) Tenure (years) lease (years)Strata units in commercial building Rochor Canal Road, 86 99 75# 01-08 and # 01-41Sim Lim Square,Singapore 188504Strata units in commercial building 6 Xuanwumenwai Street, 186.10 50 38Junefi eld Plaza,Tower 1 15th fl oor,Unit 1526 & 1527Beijing, PRCResidential condominium Unit 8C, 1523-2 165.40 68 56Dong Fang Road, PudongNew Area, Shanghai, PRCStrata units in commercial building 11F, 11F-1, 11F-2 and 11F-3, 1,571.81 Freehold NANo.176, Jian Yi Road,Chung Ho City, Taipei, TaiwanLand (1) Jian Kang section, 779/10000 Freehold NAChung Ho City,share ofTaipei, Taiwan 30,072.47Industry property 9 Ubi Crescent Singapore 408572 615.90 60 50Note:(1)This is the land on which the building at 11F, 11F-1, 11F-2 and 11F-3, No.176, Jian Yi Road, was constructed on.Major Properties 170Annual 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 179 and 180: Appendix (cont’d)DEFINITIONSIn th
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Page 189 and 190: OSIM INTERNATIONAL LTDCompany Regis
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Osim FR 050407.indd

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