Creative 2009 Annual Report Download - page 58

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58
CREATIVE฀TECHNOLOGY฀LTD฀AND฀ITS฀SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
– For the financial year ended 30 June 2009
32. SEGMENT INFORMATION (cont’d)
Summary of net sales by product category:
฀ Group
฀ ฀ 2009฀ 2008฀
฀ US$’000฀ US$’000
฀
฀ Personal฀Digital฀Entertainment฀ 202,078฀ 386,884
฀ Audio฀ 66,531฀ 99,791
฀ Speakers฀and฀Headphones฀ 122,829฀ 190,097
฀ All฀Other฀Products฀ 74,636฀ 60,076
฀ ฀ 466,074฀ 736,848
There was no customer who accounted for 10% or more of net revenues for the current and prior financial years.
33. EFFECT OF CHANGES IN ACCOUNTING FRAMEWORK
A summary of the effect of the transition from US GAAP to FRS is set out below, showing the differences between US
GAAP and FRS for the items in the financial statements affected by this transition.
(a) The Group’s profit (loss) for the financial year ended 30 June 2008
฀ ฀ ฀ Effect฀of฀฀ ฀
฀ ฀ transition฀ ฀
฀ US฀GAAP฀ to฀FRS฀ FRS฀
฀ US$’000฀ US$’000฀ US$’000
฀2008
฀ (Loss)฀profit฀before฀income฀tax฀ ฀(18,000)฀ 147,912฀ 129,912
฀ Net฀(loss)฀profit฀ (19,735)฀ 147,912฀ 128,177
฀ (Loss)฀earnings฀per฀share฀for฀(loss)฀profit
฀ ฀ attributable฀to฀equity฀holders฀of฀the฀Company฀ ฀ ฀
฀ -฀Basic฀(US$฀per฀share)฀ (0.24)฀ 1.79฀ 1.55
฀ -฀Diluted฀(US$฀per฀share)฀ (0.24)฀ 1.79฀ 1.55
(b) The Group’s affected Balance Sheet items as at 30 June 2008
฀ ฀ ฀ Effect฀of฀฀ ฀
฀ ฀ transition฀ ฀
฀ US฀GAAP฀ to฀FRS฀ FRS฀
฀ US$’000฀ US$’000฀ US$’000
฀As฀at฀30฀June฀2008
฀ Other฀current฀assets฀ 39,441฀ 10,712฀ 50,153
฀ Property฀and฀equipment฀ 67,043฀ (32,800)฀ 34,243
฀ Other฀non-current฀assets฀ 3,385฀ 43,099฀ 46,484
฀
฀ Accrued฀liabilities฀and฀provisions฀ 91,042฀ 662฀ 91,704
฀ Advance฀payments฀from฀sale฀of฀building฀ 127,563฀ (127,563)฀ –
฀ Retained฀earnings฀ (967)฀ 147,912฀ 146,945
฀ Total฀equity฀ 330,062฀ 147,912฀ 477,974
AR09 pg1-64_Final.indd 58 10/2/2009 10:38:11 AM