Ocean Sky International Limited - Ocean Sky International Ltd ...

39. SEGMENT REPORTING (Cont’d)
Geographical segments (Cont’d)
30 June 2002
United States
of America Others Consolidated
$’000 $’000 $’000
Total revenue by geographical markets 84,615 7,398 92,013
31 December 2001
Total revenue by geographical markets 169,056 10,932 179,988
31 December 2000
Total revenue by geographical markets 94,789 9,856 104,645
31 December 1999
Total revenue by geographical markets 53,564 3,141 56,705
40. DIVIDENDS
The Company has not paid or proposed any dividend for the three financial years ended 31
December 1999, 2000 and 2001 and six months financial period ended 30 June 2002 except as
disclosed in Note 41 (v) to the financial statements.
41. SUBSEQUENT EVENTS
(i) At an Extraordinary General Meetings held on 10 December 2002 the shareholders of the
Company approved, inter alia, the following:-
(a) the increase in the authorised share capital of the Company from $2,000,000 to
$100,000,000 by the creation of an additional 98,000,000 ordinary shares of $1.00
each; and
(b) the issue of 33,500 ordinary shares of $1.00 each as consideration for the acquisition
of additional interests in the subsidiaries at an average premium of $19 per share.
(ii) At Extraordinary General Meetings held on 30 January 2003 and on 15 February 2003 the
shareholders approved inter alia, the following:-
(a) the capitalisation of $12,013,086 out of retained profits, and $636,500 out of share
premium account for a bonus issue of 12,649,586 ordinary shares of $1 each;
(b) the sub-division of each ordinary share of $1.00 in the existing authorised and issued
and paid up share capital into 20 ordinary shares of $0.05 each (“Sub-division of
shares”) ;
(c) conversion of the Company into a public limited company and the change of the
Company name to Ocean Sky International Limited;
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