Creative 2010 Annual Report Download - page 35

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35
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
The restructuring charges of US$11,168,000 (Note 22) presented on the consolidated income statement for the nancial
year ended 30 June 2009 comprised termination benets and costs associated with headcount reductions, primarily in the
Group’s global eld organisations and facilities costs from consolidation of certain international ofces. Termination benets
of US$8,503,000 (Note 5) represented the costs of involuntary termination benets and other exit costs of US$2,665,000
comprised mainly of lease cancellation charges imposed on non-cancellable operating leases.
A substantial portion of restructuring charges was related to the selling, general and administrative function for the nancial
year ended 30 June 2009.
5. EMPLOYEE COMPENSATION
Group
2010 2009
US$’000 US$’000
Wages and salaries 72,934 101,578
Employer’s contribution to dened contribution plans
including Central Provident Fund 5,577 6,639
Termination benets (Note 4) – 8,503
Employee share-based expense (Note 25) 4,100 1,230
82,611 117,950
6. OTHER INCOME
Group
2010 2009
US$’000 US$’000
Interest income 630 3,965
Dividend income 171 312
801 4,277
7. OTHER GAINS (LOSSES), NET
Group
2010 2009
US$’000 US$’000
Impairment loss of nancial assets, available-for-sale (Note 15) (1,079) (13,374)
Net impairment loss of investments in associated companies (80) (148)
Gain on disposal of nancial assets, available-for-sale 365 305
Gain on disposal of investments in subsidiaries – 39
Gain on disposal of investments in associated companies 9,710 –
Currency translation losses (8,203) (24,925)
Loss on disposal of property and equipment (126) (231)
Allowance for impairment of loan to non-related party (Notes 14 and 16) - (12,762)
Government grant 1,912 –
Other gains 877 145
3,376 (50,951)