Annual Report - Li Ning
Annual Report - Li Ning
Annual Report - Li Ning
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94<br />
<strong>Li</strong> <strong>Ning</strong> Company <strong>Li</strong>mited . <strong>Annual</strong> <strong>Report</strong> 2006<br />
Notes to the Consolidated Financial Statements (Continued)<br />
(All amounts in RMB unless otherwise stated)<br />
15. Ordinary shares, share premium and shares held for Restricted Share Award<br />
Scheme (Continued)<br />
Notes:<br />
(a) During the year ended 31 December 2006, the Company issued 6,030,000 shares (2005: 3,129,000 shares) of HK$0.10 each to<br />
directors and employees of the Group at weighted-average issued price of HK$2.5625 (2005: HK$1.8275) per share pursuant to the<br />
Company’s share option schemes (Note 27).<br />
(b) During the year ended 31 December 2006, the <strong>Li</strong> <strong>Ning</strong> Company <strong>Li</strong>mited Restricted Share Award Scheme Trust, a trust established<br />
in Hong Kong purchased 709,000 (2005: nil) of the Company’s shares. The total amount of RMB6,367,000 paid to acquire the<br />
shares was financed by the Company by way of contributions.<br />
16. Reserves<br />
Group<br />
Capital<br />
reserves (a)<br />
Statutory<br />
reserve<br />
funds (b)<br />
Statutory<br />
public welfare<br />
fund (b)<br />
Share-based<br />
compensation<br />
reserve Subtotal<br />
Retained<br />
profits Total<br />
’000 ’000 ’000 ’000 ’000 ’000 ’000<br />
As at 1 January 2005 45,634 47,403 17,426 11,025 121,488 215,643 337,131<br />
Profit for the year<br />
Employee share option schemes for<br />
– – – – – 186,800 186,800<br />
value of services provided<br />
Transfer of fair value of the share<br />
options exercised to share<br />
– – – 27,557 27,557 – 27,557<br />
premium – – – (15,834) (15,834) – (15,834)<br />
Appropriations to statutory reserves – 22,368 3,479 – 25,847 (25,847) –<br />
As at 31 December 2005 45,634 69,771 20,905 22,748 159,058 376,596 535,654<br />
Capital<br />
reserves (a)<br />
Statutory<br />
reserve<br />
funds (b)<br />
Statutory<br />
public welfare<br />
fund (b)<br />
Share-based<br />
compensation<br />
reserve Subtotal<br />
Retained<br />
profits Total<br />
’000 ’000 ’000 ’000 ’000 ’000 ’000<br />
As at 1 January 2006<br />
Transfer of statutory public welfare<br />
45,634 69,771 20,905 22,748 159,058 376,596 535,654<br />
fund (note(b)(ii)) – 20,905 (20,905) – – – –<br />
Profit for the year<br />
Employee share option schemes for<br />
– – – – – 294,846 294,846<br />
value of services provided<br />
Transfer of fair value of the share<br />
options exercised to share<br />
– – – 22,648 22,648 – 22,648<br />
premium – – – (19,705) (19,705) – (19,705)<br />
Appropriations to statutory reserves – 20,483 – – 20,483 (20,483) –<br />
As at 31 December 2006 45,634 111,159 – 25,691 182,484 650,959 833,443
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