Ecowise Annual Report 2007 - ecoWise Holdings Limited

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Notes to FinancialStatements31 October 200716. ACQUISITION OF SUBSIDIARY (Cont’d)The contributions from the subsidiary for the period between the date of acquisition and the balance sheet date wereas follows:Group2006$’000Revenue 1,432Profit before income tax from continuing operations 266The revenue and net profit of the subsidiary acquired during the year as though the acquisition date effected duringthe year had been the beginning of that year, 1 January 2006, which is the first day of the subsidiary’s financial yearin 2006 were as follows:Group2006$’000Revenue 18,958Profit before income tax from continuing operations 4,447The goodwill arising on the acquisition of the subsidiary is attributable to the anticipated profitability of the provisionof the group’s services in the new markets and the anticipated future operating synergies from the combination.74 • ecoWise Holdings Limited • Annual Report 2007
Notes to FinancialStatements31 October 200717. DISPOSAL OF SUBSIDIARYThe net assets of the disposed subsidiary at 31 October 2007 were as follows:Group2007$’000ASSETSNon-Current AssetsProperty, Plant and Equipment, Total 129Intangible Assets, Total 422Total Non-Current Assets 551Current AssetsInventories 28Trade and Other Receivables, Current 687Cash and Cash Equivalents 20Total Current Assets 735Current LiabilitiesIncome Tax Payable, Current (11)Trade and Other Payables, Current (653)Financial Leases, Current (22)Total Current Liabilities (686)Group2007$’000Satisfied by:Cash 600Net cash inflow on disposal:Cash consideration 600Cash balance disposed of (20)Net cash inflow 58075
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ecoWise Holdings Limitedannual repo
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everything has BEAUTYbut not everyo
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Our biomass cogeneration plant at S
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Copper slag, the waste residue of c
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Our composting facility at Sarimbun
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Working to create a living planet.
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CHAIRMAN’SSTATEMENTRecovery of In
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FINANCIALHIGHLIGHTSFY2007 FY2006 FY
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OPERATIONSREVIEWReview of Financial
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BOARD OFDIRECTORS1 2 34 5 618 • e
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MANAGEMENTTEAMLee Thiam SengChief E
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CORPORATEGOVERNANCENewly appointed
Page 26 and 27: CORPORATEGOVERNANCEAccess to Inform
Page 28 and 29: CORPORATEGOVERNANCEFor the period u
Page 30 and 31: CORPORATEGOVERNANCEThe AC has power
Page 32 and 33: CORPORATEGOVERNANCERisk ManagementA
Page 34 and 35: REPORT OFTHE DIRECTORSThe directors
Page 36 and 37: REPORT OFTHE DIRECTORS5. OPTIONS TO
Page 38 and 39: REPORT OFTHE DIRECTORS5. OPTIONS TO
Page 40 and 41: STATEMENT OFDIRECTORSIn the opinion
Page 42 and 43: ConsolidatedIncome StatementYear En
Page 44 and 45: Statements OfChanges In EquityYear
Page 46 and 47: Consolidated CashFlow StatementYear
Page 48 and 49: Notes to FinancialStatements31 Octo
Page 92 and 93: SHAREHOLDINGSSTATISTICSAS AT 18 JAN
Page 94 and 95: Notice of AnnualGeneral MeetingECOW
Page 96 and 97: Notice of AnnualGeneral MeetingECOW
Page 98 and 99: ADDITIONALEXPLANATORY STATEMENTTO O
Page 100 and 101: ADDITIONALEXPLANATORY STATEMENTTO O
Page 102 and 103: ProxyFormECOWISE HOLDINGS LIMITEDRe
Page 104: H O L D I N G S L I M I T E DCo. Re
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Ecowise Annual Report 2007 - ecoWise Holdings Limited

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