Creative 2005 Annual Report Download - page 32

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32
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 7 – SHARE REPURCHASES
Details of Share repurchases by Creative since the commencement date of the program on November 6, 1998 are set out below:
Number of Shares Repurchased Average Price
(in millions) (US$)
Fiscal year 1999 to fiscal year 2003 26.3 $ 13
Fiscal year 2004 – –
Fiscal year 2005 – –
Total 26.3 $ 13
At the Annual General Meeting (“AGM”) held on October 29, 2004, the shareholders approved the share repurchase mandate allowing
Creative to buy up to 10% of the issued share capital of Creative outstanding as at the date of the AGM. This amounts to approximately
NOTE 5 – LEASES AND COMMITMENTS (Cont’d)
Future minimum lease obligations, which are secured by the underlying assets, as of June 30, 2005, under capital leases are as follows
(in US$’000):
Capital Leases
Fiscal years ended June 30,
2006 $ 3,974
2007 949
2008 –
2009 –
2010 –
Thereafter –
Total minimum lease payments $ 4,923
Less: interest $ (208)
Total capital lease obligations $ 4,715
NOTE 6 – COMPREHENSIVE INCOME
The components of total comprehensive income are as follows (in US$’000):
Years ended June 30
2005 2004 2003
Net income $ 588 $ 134,247 $ 23,377
Movement in unrealized holding (losses) gains (12,937) 139,410 (3,110)
Reclassification adjustments:
– Losses included in net income (72,936) (2,446) (3,337)
(85,873) 136,964 (6,447)
Total comprehensive (loss) income $ (85,285) $ 271,211 $ 16,930