Annual - Johnson Electric

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CASH FLOWS FROM FINANCING ACTIVITIES Note 2006 2005 (Restated) US$’000 US$’000 Purchase of treasury shares (2,368) – Proceeds from borrowings 549,182 12,878 Repayments of borrowings (20,252) (146) Dividends paid (73,005) (63,585) Net cash generated from / (used in) financing activities 453,557 (50,853) Net increase / (decrease) in cash and bank overdrafts 62,189 (70,608) Cash and bank overdrafts at beginning of the year 176,321 246,929 Cash and bank overdrafts at end of the year 238,510 176,321 Analysis of the balances of cash and bank overdrafts: Bank balances and cash 238,510 176,321 Cash and cash equivalents at end of year 238,510 176,321 The notes on pages 58 to 119 are an integral part of these consolidated financial statements. Johnson Electric Holdings Limited 57
NOTES TO THE ACCOUNTS NOTES TO THE ACCOUNTS 1. General information The principal operations of Johnson Electric Holdings Limited (the Company) and its subsidiaries (together the Group) are the manufacture, sale, and trading of motors, electromechanical components and materials. The Group has manufacturing plants and sales operations around the world. During the year, the Group acquired control of “Saia-Burgess Electronics Holding AG (Saia-Burgess)” and “Parlex Corporation (Parlex)”. Saia-Burgess is a leading supplier of stepper motors, switches, actuators, sensors and electronic controllers to customers within the automotive, industrial, medical, home appliances, and infrastructure automation industries. Parlex is a world leader in the design and manufacture of flexible, interconnect products. The Company is a limited liability company incorporated in Bermuda. The address of its registered office is Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda. The Company has its primary listing on The Stock Exchange of Hong Kong Limited. These consolidated financial statements are presented in thousands of units of US dollars (US$’000), unless otherwise stated. These consolidated financial statements have been approved for issue by the Board of Directors on 5th June 2006. 2. Principal accounting policies The consolidated financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards (HKFRS). The consolidated financial statements have been prepared under the historical cost convention, as modified by the revaluation of available-for-sale financial assets, financial assets and financial liabilities (including derivative instruments ) at fair value through profit or loss and investment properties, which are carried at fair value. The preparation of financial statements in conformity with HKFRS requires the use of certain accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements, are disclosed in note 4. In 2005/06, the Group adopted the new / revised standards and interpretations of HKFRS. The effect of adopting the new HKFRS is disclosed in note 44. 2.1 CONSOLIDATION The consolidated financial statements include the financial statements of the Company and all its subsidiaries made up to 31st March 2006. 58 Johnson Electric Holdings Limited
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Annual Report 2006 Johnson Electric
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CORPORATE PROFILE CONTENTS 2 Johnso
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FINANCIAL HIGHLIGHTS FINANCIAL HIGH
Page 7 and 8: A MESSAGE FROM PATRICK WANG A MESSA
Page 9 and 10: A MESSAGE FROM PATRICK WANG The acq
Page 11 and 12: BUSINESS REVIEW AUTOMOTIVE MOTORS G
Page 13 and 14: BUSINESS REVIEW Power Tools Hand To
Page 15 and 16: BUSINESS REVIEW JOHNSON ELECTRIC CA
Page 17 and 18: FINANCIAL REVIEW FINANCIAL REVIEW O
Page 19 and 20: FINANCIAL REVIEW Group Turnover 18
Page 21 and 22: FINANCIAL REVIEW Other Gains Other
Page 23 and 24: FINANCIAL REVIEW Stocks and work in
Page 25 and 26: FINANCIAL REVIEW At the balance she
Page 27 and 28: CORPORATE GOVERNANCE REPORT CORPORA
Page 29 and 30: CORPORATE GOVERNANCE REPORT The com
Page 31 and 32: CORPORATE GOVERNANCE REPORT In addi
Page 33 and 34: CORPORATE GOVERNANCE REPORT INTERNA
Page 35 and 36: CORPORATE GOVERNANCE REPORT Neither
Page 37 and 38: REPORT OF THE DIRECTORS Directors T
Page 39 and 40: REPORT OF THE DIRECTORS B SUBSTANTI
Page 41 and 42: REPORT OF THE DIRECTORS 5. Subscrip
Page 43 and 44: REPORT OF THE DIRECTORS Public Floa
Page 45 and 46: BIOGRAPHICAL DETAILS OF DIRECTORS A
Page 51 and 52: AUDITORS’ REPORT AUDITORS’ REPO
Page 53 and 54: CONSOLIDATED BALANCE SHEET (cont’
Page 55 and 56: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 57: CONSOLIDATED CASH FLOW STATEMENT Fo
Page 61 and 62: NOTES TO THE ACCOUNTS 2. Principal
Page 71 and 72: NOTES TO THE ACCOUNTS 3. Financial
Page 73 and 74: NOTES TO THE ACCOUNTS 5. Segment in
Page 75 and 76: NOTES TO THE ACCOUNTS 6. Properties
Page 77 and 78: NOTES TO THE ACCOUNTS 9. Intangible
Page 79 and 80: NOTES TO THE ACCOUNTS 11. Jointly c
Page 81 and 82: NOTES TO THE ACCOUNTS 15. Derivativ
Page 83 and 84: NOTES TO THE ACCOUNTS 18. Investmen
Page 85 and 86: NOTES TO THE ACCOUNTS 22. Trade and
Page 87 and 88: NOTES TO THE ACCOUNTS 24. Provision
Page 93 and 94: NOTES TO THE ACCOUNTS 25. Deferred
Page 95 and 96: NOTES TO THE ACCOUNTS 27. Reserves
Page 97 and 98: NOTES TO THE ACCOUNTS 27. Reserves
Page 99 and 100: NOTES TO THE ACCOUNTS 31. Expenses
Page 101 and 102: NOTES TO THE ACCOUNTS 32. Employee
Page 103 and 104: NOTES TO THE ACCOUNTS 34. Income ta
Page 105 and 106: NOTES TO THE ACCOUNTS 39. Contingen
Page 107 and 108: NOTES TO THE ACCOUNTS 41. Cash gene
Page 109 and 110:
NOTES TO THE ACCOUNTS 42. Business
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NOTES TO THE ACCOUNTS 44. Effect of
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NOTES TO THE ACCOUNTS 44. Effect of
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NOTES TO THE ACCOUNTS 47. Principal
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Page 119 and 120:
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JOHNSON ELECTRIC GROUP TEN-YEAR SUM
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Annual - Johnson Electric

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