Haier 2007 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2007 Haier annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 167

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167

19
Haier Electronics Group Co., Ltd. Annual Report 2007
海爾電器集團有限公司 二零零七年年報
Financial Review
財務回顧
Due to our focus on cashflow management, the Group
has been able to maintain a very strong cash position with
a net cash balance (cash balance less borrowings and
Convertible Notes) of HK$211 million as at 31 December
2007.
There is no material effect of seasonality on the Group’s
borrowing requirements.
The Group had capital commitments amounting to HK$18
million as at 31 December 2007 (2006: HK$252 million), all
being contracted capital commitments, which were mainly
related to purchase of machinery for the expansion in
production capacity of the Group’s businesses.
Capital Structure and Gearing Ratio
Capital Reorganisation
Pursuant to a special resolution passed by the Company’s
shareholders at a special general meeting of the Company
held on 7 March 2007, the Company has undertaken
a capital reorganisation involving capital reduction
and share consolidation effected on 8 March 2007 as
summarized below:
(1) Capital Reduction: a reduction in nominal value of
each of then issued share from HK$0.1 to HK$0.01
by cancellation of HK$0.09 paid up capital on each
of then issued share.
(2) Share Consolidation: every 10 issued share of
HK$0.01 each resulting from the said capital
reduction was consolidated into 1 share of HK$0.1
each.
The details of the said capital reorganisation are set out in
(a) two announcements of the Company dated 24 January
2007 and 8 March 2007 respectively; and (b) a circular of
the Company dated 6 February 2007.
Gearing Ratio
As at 31 December 2007, the Group maintained a gearing
ratio (defined as total borrowings plus Convertible Notes
over net assets) of 41% (2006: 37%).
由於本集團著重現金流量管理，故此本集團得以
維持十分穩健之現金狀況，於二零零七年十二月
三十一日之現金結餘淨額（現金結餘減借貸及可
換股票據）為211,000,000 港元。
本集團之借貸需要並無重大季節性影響。
於二零零七年十二月三十一日，本集團之
資本承擔為
18,000,000港元（二零零六年：
252,000,000港元），即為已訂約資本承擔，主要
由於為提高本集團業務產能而購買機器所致。
資本架構及負債資本比率
股本重組
根據本公司股東於本公司於二零零七年三月七日
舉行之股東特別大會上通過之特別決議案，本公
司已進行股本重組（涉及股本削減及股份合併），
由二零零七年三月八日起生效，概述如下：
(1) 股本削減：透過註銷每股當時已發行股份之
已繳足股本0.09港元，將每股當時已發行
股份之面值由0.1 港元削減至 0.01港元。
(2) 股份合併：將因上述股本削減而產生之每
10股每股面值0.01 港元之已發行股份合併
為一股每股面值0.1 港元之股份。
上述股本重組之詳情載於(a)本公司分別於二零零
七年一月二十四日及二零零七年三月八日刊發之
兩份公佈；及(b)本公司於二零零七年二月六日刊
發之通函。
負債資本比率
於二零零七年十二月三十一日，本集團之負債資
本比率（定義為按借貸總額加可換股票據除以資
產淨值計算）為41%
（二零零六年：37%）。