Annual Report 2007 - Hmdatalink.com hm datalink

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Consolidated balance sheetas at 31 December 20072007 2006Note HK$’000 HK$’000Non-current assetsProperty, plant and equipment 14 32,246 12,282Interest in associates 15 2,125,456 1,666,9992,157,702 1,679,281Current assetsInventories 16 14,498 9,910Trade and other receivables 17 68,171 59,065Dividend receivables from associates 3,560 74,840Financial assets at fair value through profit or loss 18 4,681 –Bank balances and cash 793,421 20,972884,331 164,787Current liabilitiesTrade and other payables 20 38,725 23,653Amount due to an associate 21 127 –Amount due to immediate holding company 22 – 11,220Taxation 731 293Convertible bonds – embedded derivatives 19 19,460 53,888Short-term bank borrowings (secured) 17(b) 20,516 22,25079,559 111,304Net current assets 804,772 53,483Total assets less current liabilities 2,962,474 1,732,764Capital and reservesShare capital 23 104,022 83,028Reserves 24 2,337,418 947,129Equity attributable to equity holders of the Company 2,441,440 1,030,157Minority interests 211,760 19,769Total equity 2,653,200 1,049,926Non-current liabilitiesConvertible bonds 19 309,274 682,8382,962,474 1,732,764The consolidated financial statements on pages 58 to 111 were approved and authorised for issue by the Board ofDirectors on 16 April 2008 and are signed on its behalf by:Li Shu FuDirectorGui Sheng YueDirectorGEELY AUTOMOBILE HOLDINGS LIMITED59ANNUAL REPORT 2 0 0 7
Consolidated statement of changes in equityfor the year ended 31 December 2007Attributable to equity holders of the CompanyShareShare Share Capital Statutory Translation option Accumulated Minoritycapital premium reserve reserve reserve reserve profits Sub-total interests TotalHK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000At 1 January 2006 82,405 533,964 56,694 – 13,956 8,627 102,434 798,080 9,013 807,093Exchange differenceson translation offoreign operationsrecognised directlyin equity – – – – 31,690 – – 31,690 459 32,149Profit for the year – – – – – – 208,752 208,752 5,397 214,149Total recognised incomefor the year – – – – 31,690 – 208,752 240,442 5,856 246,298Shares issued uponconversion ofconvertible bonds 623 27,555 – – – – – 28,178 – 28,178Capital contributionfrom a minorityshareholder – – – – – – – – 4,900 4,900Recognition of sharebased payments – – – – – 4,660 – 4,660 – 4,660Dividend paid – – – – – – (41,203 ) (41,203 ) – (41,203 )At 31 December 2006 83,028 561,519 56,694 – 45,646 13,287 269,983 1,030,157 19,769 1,049,926Exchange differences ontranslation of foreignoperations recogniseddirectly in equity – – – – 70,578 – – 70,578 6,675 77,253Profit for the year – – – – – – 314,658 314,658 3,442 318,100Total recognised incomefor the year – – – – 70,578 – 314,658 385,236 10,117 395,353Transfers – – – 1,277 – – (1,277 ) – – –Capital contribution froma minority shareholder – – – – – – – – 4,284 4,284Disposal of partial interestin a subsidiary – – – – – – – – 203,732 203,732Acquisition of partial interestin a subsidiary – – – – – – – – (26,142 ) (26,142 )Issue of shares 12,000 597,867 – – – – – 609,867 – 609,867Shares issued uponconversion ofconvertible bonds 8,994 428,447 – – – – – 437,441 – 437,441Recognition of sharebased payments – – – – – 5,460 – 5,460 – 5,460Transfer upon cancellationof share options – – – – – (126 ) 126 – – –Dividend paid – – – – – – (57,327 ) (57,327 ) – (57,327 )Deemed contributionfrom shareholders (Note) – – 30,606 – – – – 30,606 – 30,606At 31 December 2007 104,022 1,587,833 87,300 1,277 116,224 18,621 526,163 2,441,440 211,760 2,653,200Note:Deemed contribution from shareholders mainly represented difference between the consideration paid/received and the fairvalue of net assets acquired/disposed of by the associates of the Group from/to Zhejiang Geely Holding Group CompanyLimited and its subsidiaries (collectively referred to as “Zhejiang Geely Holding Group”). Zhejiang Geely Holding Group isbeneficially owned by the substantial shareholder of the Company.60GEELY AUTOMOBILE HOLDINGS LIMITEDANNUAL 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
Page 16 and 17: Management Discussion and Analysiso
Page 18 and 19: Management Discussion and AnalysisT
Page 22 and 23: Management Discussion and AnalysisL
Page 26 and 27: Management Discussion and AnalysisL
Page 28 and 29: Management Discussion and Analysisb
Page 30 and 31: Management Discussion and Analysiss
Page 32 and 33: Management Discussion and AnalysisE
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 58 and 59: Independent Auditors’ Reportfor t
Page 62 and 63: Consolidated cash flow statementfor
Page 64 and 65: Notes to the consolidated financial
Page 110 and 111:
Notes to the consolidated financial
Page 112 and 113:
Notes to the consolidated financial
Page 114:
Geely Automobile Holdings LimitedRo
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