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Annual - Johnson Electric

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28. Other gains, net<br />

NOTES TO THE ACCOUNTS<br />

2006 2005<br />

US$’000 US$’000<br />

Interest income 6,025 2,825<br />

Gross earnings from investments in finance leases 7 22<br />

Gross rental income from investment properties 1,344 1,384<br />

Royalty income 108 89<br />

Fair value gains on investment properties 5,671 –<br />

29. Selling and administrative expenses<br />

13,155 4,320<br />

2006 2005<br />

(Restated)<br />

US$’000 US$’000<br />

Selling expenses 97,582 65,916<br />

Administrative expenses 153,947 122,667<br />

30. Restructuring costs / provisions<br />

251,529 188,583<br />

The Group announced closure of certain plants in Europe and US. The costs incurred during the year mainly<br />

represent asset write-offs, severance payments and provisions for other shutdown costs.<br />

2006 2005<br />

US$’000 US$’000<br />

Asset write-offs (including provision for impairment) 3,154 –<br />

Other costs 14,094 9,992<br />

Total provision 17,248 9,992<br />

<strong>Johnson</strong> <strong>Electric</strong> Holdings Limited 97

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