Annual Report 2007 - Hmdatalink.com hm datalink

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Independent Auditors’ Reportfor the purpose of expressing an opinion on theeffectiveness of the entity’s internal control. Anaudit also includes evaluating the appropriatenessof accounting policies used and the reasonablenessof accounting estimates made by the directors, aswell as evaluating the overall presentation of theconsolidated financial statements.We believe that the audit evidence we have obtainedis sufficient and appropriate to provide a basis forour audit opinion.OpinionIn our opinion, the consolidated financial statementsgive a true and fair view of the state of affairs of theGroup as at 31 December 2007 and of the Group’sprofit and cash flows for the year then ended inaccordance with Hong Kong Financial ReportingStandards and have been properly prepared inaccordance with the disclosure requirements of theHong Kong Companies Ordinance.Grant ThorntonCertified Public Accountants13th Floor, Gloucester TowerThe Landmark15 Queen’s Road CentralHong Kong16 April 2008GEELY AUTOMOBILE HOLDINGS LIMITED57ANNUAL REPORT 2 0 0 7
Consolidated income statementfor the year ended 31 December 20072007 2006Note HK$’000 HK$’000Turnover/Revenue 6 137,209 127,006Cost of sales (121,251) (110,036)Gross profit 15,958 16,970Other income 8 31,899 18,224Distribution and selling expenses (3,182) (3,016)Administrative expenses (47,285) (22,542)Finance costs 9 (35,103) (32,390)Fair value gain/(loss) on embedded derivativecomponents of convertible bonds 5,654 (4,742)Share of results of associates 15 351,832 243,230Profit before taxation 319,773 215,734Taxation 10 (1,673 ) (1,585 )Profit for the year 9 318,100 214,149Attributable to:Equity holders of the Company 314,658 208,752Minority interests 3,442 5,397318,100 214,149Dividends 11 67,614 57,327Earnings per shareBasic 12 HK6.38 cents HK5.05 centsDiluted 12 HK6.28 cents HK4.95 centsGEELY AUTOMOBILE HOLDINGS LIMITED58ANNUAL REPORT 2 0 0 7
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Supplying the SAFEST, the MOST ENER
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Financial Summary and HighlightsFin
Page 8 and 9: Chairman’s StatementLi Shu Fu,Cha
Page 10 and 11: Chairman’s Statementoperating ass
Page 12 and 13: Management Discussion and AnalysisO
Page 14 and 15: Organisation Chart (as of 31 Decemb
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Page 34 and 35: Directors and Senior Management Pro
Page 36 and 37: Directors and Senior Management Pro
Page 38 and 39: Corporate Governance ReportThe Comp
Page 40 and 41: Corporate Governance ReportRelation
Page 42 and 43: Corporate Governance ReportEach new
Page 44 and 45: Corporate Governance Reportthe appo
Page 46 and 47: Corporate Governance ReportAs the G
Page 48 and 49: Directors’ ReportThe Directors pr
Page 50 and 51: Directors’ ReportCompanies contai
Page 52 and 53: Directors’ Report(5) Hunan Geely
Page 54 and 55: Directors’ ReportDirectors’ Int
Page 56 and 57: Directors’ ReportSave as disclose
Page 60 and 61: Consolidated balance sheetas at 31
Page 62 and 63: Consolidated cash flow statementfor
Page 64 and 65: Notes to the consolidated financial
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Notes to the consolidated financial
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Geely Automobile Holdings LimitedRo
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