Results Announcement - Li Ning

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Results Announcement - Li Ning

General MeetingOther Distribution forCurrent PeriodB/C Dates for OtherDistribution: N/A: N/A: N/ARemarks:1. BASIS OF PREPARATION AND ACCOUNTING POLICIESThis unaudited condensed consolidated interim financial information isprepared in accordance with the requirements of the Rules Governing theListing of Securities on The Stock Exchange of Hong Kong Limited andInternational Accounting Standard 34 "Interim Financial Reporting" issued bythe International Accounting Standards Board ("IASB").This condensed financial information should be read in conjunction with the2004 annual accounts.The accounting policies and methods of computation used in the preparationof this unaudited condensed financial information are consistent with thoseused in the annual accounts for the year ended 31 December 2004, except thatthe Group has changed certain of its accounting policies pursuant to a seriesof International Financial Reporting Standards ("IFRS") issued or revised byIASB which became effective for financial years beginning on or after 1 January2005.The changes to the Group's accounting policies and the effect of adopting thesenew policies are set out in Note 2 and Note 3 below.2. CHANGES IN ACCOUNTING POLICIESIn 2005, the Group adopted the following issued/revised IFRS that are relevantto the operations of the Group:IAS 1 Presentation of Financial StatementsIAS 2 InventoriesIAS 8 Accounting Policies, Changes in Accounting Estimates and ErrorsIAS 10 Events after Balance Sheet DateIAS 16 Property, Plant and EquipmentIAS 17 LeasesIAS 21 The Effects of Changes in Foreign Exchange RatesIAS 24 Related Party Disclosures2

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