Annual Report 2007 - Hmdatalink.com hm datalink

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Financial Summary and HighlightsFive Year Financial SummaryA summary of the results and the assets and liabilities of the Group for the last five financial years, as extracted from the auditedfinancial statements, is set out below:The Group2007 2006 2005 2004 2003HK$’000 HK$’000 HK$’000 HK$’000 HK$’000(restated)Turnover 137,209 127,006 101,411 41,123 39,872Profit before taxation 319,773 215,734 115,377 80,834 55,620Taxation (1,673) (1,585) – – (237)Profit for the year 318,100 214,149 115,377 80,834 55,383Attributable to:Equity holders of the Company 314,658 208,752 110,827 81,305 57,486Minority interests 3,442 5,397 4,550 (471) (2,103)318,100 214,149 115,377 80,834 55,383Assets and Liabilities - GroupTotal assets 3,042,033 1,844,068 861,641 680,767 603,188Total liabilities (388,833) (794,142) (54,548) (22,854) (31,753)Total equity 2,653,200 1,049,926 807,093 657,913 571,435Represented by:Equity attributable to equity holdersof the Company 2,441,440 1,030,157 798,080 653,447 569,046Minority interests 211,760 19,769 9,013 4,466 2,3892,653,200 1,049,926 807,093 657,913 571,4351404,0004001203,5003501003,0003008060402,5002,0001,5001,0002502001501002050050007 0065005400430032007 0065005400430032007 0065005400430032Turnover(HK$'Million)Total assets(HK$'Million)Profit attributable to equityholders of the Company(HK$'Million)GEELY AUTOMOBILE HOLDINGS LIMITED3ANNUAL REPORT 2 0 0 7
Financial Summary and HighlightsFinancial HighlightsA. The GroupChange inPercentageIncrease/2007 2006 (Decrease)For the yearTurnover (HK$’000) 137,209 127,006 8Profit attributable to equity holders of the Company (HK$’000) 314,658 208,752 51Per shareBasic earning per share (HK Cents) 6.38 5.05 26Diluted earning per share (HK Cents) 6.28 4.95 27Dividend per share (HK Cents) 1.3 1.2 8NAV per share (HK$) 0.51 0.25 104At year endShareholders’ funds (HK$’000) 2,441,440 1,030,157 137Total assets (HK$’000) 3,042,033 1,959,962 55Number of shares in issue 5,201,083,450 4,151,388,496 25Share price during the year– High (HK$) 1.46 1.03 42– Low (HK$) 0.76 0.32 138Financial ratiosGearing ratio = (Borrowings / Shareholders’ funds) (%) 13.5% 69.5% (81)Return on total assets (%) 10.3% 10.7% (3)Return on shareholders’ funds (%) 12.9% 20.3% (36)B. Major PRC AssociatesA summary of the combined results and the assets and liabilities of the Group’s Major PRC Associates, namely ZhejiangGeely Automobile Company Limited, Shanghai Maple Guorun Automobile Company Limited, Zhejiang Ruhoo AutomobileCompany Limited, Zhejiang Kingkong Automobile Company Limited and Hunan Geely Automobile Components CompanyLimited, is set out below:Combined Results - Major PRC AssociatesYear endedYear ended31 December 2007 31 December 2006HK$’000HK$’000Turnover 11,350,367 6,588,845Costs of sales (9,924,893) (5,551,963)Sales Tax (9,168) (6,421)Gross profit 1,416,306 1,030,461Other net operating income 214,997 236,455Distribution and selling expenses (486,823) (357,025)Administration expenses (298,483) (299,422)Finance costs (61,818) (30,664)Profit before taxation 784,179 579,805Taxation (26,340) (57,188)Profit for the year 757,839 522,617Attributable to:Equity holders of the Major PRC Associates 754,593 519,611Minority interests 3,246 3,006757,839 522,617Gross profit margin (%) 12.5% 15.6%Net profit margin (%) 6.6% 7.9%Return on shareholders’ funds (%) 18.3% 14.6%Return on total assets (%) 8.4% 7.5%Gearing ratio = (Borrowings / Shareholders’ funds) (%) 20.1% 28.9%Sales Volume (unit) 181,517 164,495GEELY AUTOMOBILE HOLDINGS LIMITED4ANNUAL REPORT 2 0 0 7
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Geely Automobile Holdings LimitedRo
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