Annual - Johnson Electric

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24. Provisions and other liabilities (Cont’d) 24.2Retirement benefit obligations (Cont’d) Fair value of plan assets are analysed as follows: NOTES TO THE ACCOUNTS 2006 2005 Equity instruments 51.68% 0% Debt instruments 33.81% 0% Other assets 14.51% 0% The experience adjustments are as follows: Present value of defined benefit obligations 132,738 14,206 Fair value of plan assets 102,403 – Deficit (30,335) (14,206) Experience adjustments on defined benefit obligations (747) – Experience adjustments on plan assets 6,428 – 24.3Finance lease liabilities Properties, plant and equipment includes the following amounts where the Group is a lessee under a finance lease: 2006 2005 US$’000 US$’000 Cost – capitalised finance leases 17,008 – Accumulated depreciation (7,568) – Net book amount 9,440 – Lease liabilities are effectively secured as the rights to the leased asset revert to the lessor in the event of default. The exposure of the Group’s borrowings to interest-rate changes and the periods in which the borrowings reprice are as follows: 2006 2005 Building capital lease 11.69% 0.00% Laser equipment lease 8.42% 0.00% Johnson Electric Holdings Limited 89
NOTES TO THE ACCOUNTS 24. Provisions and other liabilities (Cont’d) 24.3Finance lease liabilities (Cont’d) 90 Johnson Electric Holdings Limited 2006 2005 US$’000 US$’000 Not later than 1 year 1,279 – Later than 1 year and not later than 5 years 6,558 – Later than 5 years 8,604 – 16,441 – Future finance charges on finance leases (7,780) – Present value of finance lease liabilities 8,661 – The present value of finance lease liabilities is as follows: Not later than 1 year 293 – Later than 1 year and not later than 5 years 2,277 – Later than 5 years 6,091 – 25. Deferred income tax The gross movement on the deferred income tax account is as follows: 8,661 – 2006 2005 (Restated) US$’000 US$’000 At beginning of year, as previously reported 7,421 12,638 Adoption of HKAS-Int 21 – (1,376) 7,421 11,262 Exchange adjustments 1,271 (16) Acquisitions of subsidiaries (note 42) (67,846) (6) Transfer to profit and loss account (note 34) 6,396 (3,819) Taxation charged to equity (2,649) – At end of year (55,407) 7,421
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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
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A MESSAGE FROM PATRICK WANG A MESSA
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A MESSAGE FROM PATRICK WANG The acq
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BUSINESS REVIEW AUTOMOTIVE MOTORS G
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BUSINESS REVIEW Power Tools Hand To
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BUSINESS REVIEW JOHNSON ELECTRIC CA
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FINANCIAL REVIEW FINANCIAL REVIEW O
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FINANCIAL REVIEW Group Turnover 18
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FINANCIAL REVIEW Other Gains Other
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FINANCIAL REVIEW Stocks and work in
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FINANCIAL REVIEW At the balance she
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CORPORATE GOVERNANCE REPORT CORPORA
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CORPORATE GOVERNANCE REPORT The com
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CORPORATE GOVERNANCE REPORT In addi
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CORPORATE GOVERNANCE REPORT INTERNA
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CORPORATE GOVERNANCE REPORT Neither
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REPORT OF THE DIRECTORS Directors T
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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 and 58: CONSOLIDATED CASH FLOW STATEMENT Fo
Page 59 and 60: NOTES TO THE ACCOUNTS NOTES TO THE
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 89: 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
Page 111 and 112: NOTES TO THE ACCOUNTS 44. Effect of
Page 113 and 114: NOTES TO THE ACCOUNTS 44. Effect of
Page 121 and 122: JOHNSON ELECTRIC GROUP TEN-YEAR SUM
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Annual - Johnson Electric

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