MULTIVISION
INTELLIGENT SURVEILLANCE LIMITED
Full
Year
Financial
Statement And Dividend Announcement
PART
I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY
(Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS
1(a) An
income statement (for the group) together with a comparative
statement for the corresponding period of the immediately
preceding financial year
Income statement
of the Group for full year ended 31 March 2003 with
comparative statement for full year ended 31 March
2002
 |
The Group
|
|
HK$'000
|
%
|
|
Full Year
FY2003
|
Full Year
FY2002
|
Increase/
(Decrease)
|
 |
 |
 |
| 1(a)
Turnover |
95,292
|
25,101
|
280%
|
| 1(b)
Cost of Sales |
(45,205)
|
(12,168)
|
272%
|
| 1(c)
Gross Profit |
50,087
|
12,933
|
287%
|
| 1(d)
Investment income |
-
|
-
|
-
|
| 1(e)
Other net income including interest income |
2,036
|
824
|
147%
|
 |
 |
 |
 |
| 2(a)
Profit/(loss) from operations before taxation,
minority interests, extraordinary items and finance
costs; but after charging depreciation and amortisation,
foreign exchange gain/(loss) and allowance for
doubtful receivables as follows: |
30,173
|
1,629
|
1752%
|
 |
 |
 |
 |
| 2(b)(i)
Depreciation |
(443)
|
(372)
|
19%
|
| 2(b)(ii)
Amortisation of development costs |
(7,396)
|
(2,782)
|
166%
|
| 2(b)(iii)
Foreign exchange gain/(loss) |
(3)
|
(59)
|
-95%
|
| 2(b)(iv)
Allowance for doubtful receivables |
(784)
|
-
|
NM
|
| 2(c)
Exceptional items |
-
|
-
|
-
|
 |
 |
 |
 |
| 2(d)(i)
Finance costs |
(15)
|
(203)
|
-93%
|
| 2(d)
Profit/(loss) from ordinary activities before
taxation, minority interests and extraordinary
items |
30,158
|
1,426
|
2015%
|
 |
 |
 |
 |
| 2(e)
Income derived from associated companies |
-
|
-
|
-
|
| 2(f)
Profit/(loss) from ordinary activities before
taxation, minority interests and extraordinary
items |
30,158
|
1,426
|
2015%
|
| 2(g)
Less taxation |
(4,838)
|
(228)
|
2022%
|
| 2(g)(i)
Profit/(loss) from ordinary activities after taxation;
but before minority interests and extraordinary
items |
25,320
|
1,198
|
2014%
|
| 2(g)(ii)
Less minority interests |
-
|
-
|
-
|
| 2(h)
Profit/(loss) from ordinary activities after taxation
and minority interest; but before extraordinary
items |
25,320
|
1,198
|
2014%
|
| 2(i)(i)
Extraordinary items |
-
|
-
|
-
|
| 2(i)(ii)
Less minority interests thereon |
-
|
-
|
-
|
| 2(i)(iii)
Extraordinary items attributable to members of
the Group |
-
|
-
|
-
|
| 2(i)(iv)
Transfer to/from Exchange Reserve |
-
|
-
|
-
|
| 2(i)(v)
Transfer to Capital Reserve |
-
|
-
|
-
|
| 2(i)(vi)
Transfer to Reserve Fund |
-
|
-
|
-
|
| 2(j)
Profit/(loss) from ordinary activities after taxation,
minority interests and extraordinary items attributable
to members of the Group |
25,320
|
1,198
|
2014%
|
NM stands for "not meaningful"
1(b)(i)
A balance sheet (for the issuer and group), together
with a comparative statement as at the end of the immediately
preceding financial year
Balance Sheet
 |
The
Group
HK$'000
|
The
Company
HK'000
|
| As at 31.03.03 |
As at 31.03.02 |
As at 31.03.03 |
As at 31.03.02 |
| Non-current
assets |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Investments
in a subsidiary |
-
|
-
|
19,462
|
-
|
| Fixed
assets |
1,474
|
1,045
|
-
|
-
|
| Intangible
assets |
51,115
|
14,296
|
-
|
-
|
| Deferred
taxation |
-
|
80
|
-
|
-
|
 |
52,589
|
15,421
|
19,462
|
-
|
| Current
Assets |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Inventories |
4,493
|
3,603
|
-
|
-
|
| Trade
receivables |
25,670
|
13,656
|
-
|
-
|
| Prepayments,
deposits and other receivables |
2,173
|
1,205
|
215
|
-
|
| Amount
due from a subsidiary |
-
|
-
|
58,831
|
 |
| Cash
and cash equivalents |
49,667
|
10,908
|
-
|
-
|
 |
82,003
|
29,372
|
59,046
|
-
|
Less:
Current liabilities |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Obligations
under hire purchase contract |
133
|
133
|
-
|
-
|
| Trade
and other payables |
10,958
|
10,760
|
139
|
-
|
| Amounts
due to directors |
750
|
-
|
150
|
-
|
 |
11,841
|
10,893
|
289
|
-
|
| Net
current assets |
70,162
|
18,479
|
58,757
|
-
|
 |
 |
 |
 |
 |
| Total
assets less current liabilities |
122,751
|
33,900
|
78,219
|
-
|
 |
 |
 |
 |
 |
Less:
Non-current liabilities |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Obligations
under hire purchase contract |
22
|
156
|
-
|
-
|
| Deferred
taxation |
4,758
|
-
|
-
|
-
|
 |
4,780
|
156
|
-
|
-
|
| Net
assets |
117,971
|
33,744
|
78,219
|
-
|
 |
 |
 |
 |
 |
| Shareholders'
equity |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| Share
Capital |
24,369
|
28,672
|
24,369
|
-
|
| Reserves |
93,602
|
5,072
|
53,850
|
-
|
 |
117,971
|
33,744
|
78,219
|
-
|
1(b)(ii)
Aggregate amount of group's borrowings and debt securities
Amount
repayable in one year or less, or on demand
|
As
at 31/03/2003
|
As
at 31/03/2002
|
|
Secured
|
Unsecured
|
Secured
|
Unsecured
|
 |
 |
 |
 |
|
HK$133,000
|
HK$0
|
HK$133,000
|
HK$0
|
Amount
repayable after one year
|
As
at 31/03/2003
|
As
at 31/03/2002
|
|
Secured
|
Unsecured
|
Secured
|
Unsecured
|
 |
 |
 |
 |
|
HK$22,000
|
HK$0
|
HK$156,000
|
HK$0
|
Details
of any collateral
The Group has
no other borrowings or debts securities other than
that as disclosed above.
1(c) A
cash flow statement (for the group), together with a
comparative statement for the corresponding period of
the immediately preceding financial year
Consolidated cash flow
statement for the Group
 |
Full Year
FY2003
|
Full Year
FY2002
|
|
HK$'000
|
HK$'000
|
 |
 |
| Operating
activities |
 |
 |
| Profit
from ordinary activities before taxation |
30,158
|
1,426
|
| Adjustment
for: |
 |
 |
| Interest
expense |
15
|
203
|
| Interest
income |
(95)
|
(53)
|
| Depreciation
of fixed assets |
654
|
372
|
| Amortisation
of intangible assets |
7,396
|
2,782
|
| Gain
on disposal of fixed assets |
(6)
|
-
|
| Operating
profit before changes in working capital |
38,122
|
4,730
|
 |
 |
 |
| Changes
in working capital |
 |
 |
| Increase
in inventories |
(890)
|
(2,371)
|
| Increase
in trade receivables |
(12,014)
|
(9,466)
|
| Increase
in prepayments, deposits and other receivables |
(968)
|
(1,086)
|
| (Decrease)/increase
in trade and other payables |
(7,802)
|
8,561
|
| Increase
in amounts due to directors |
750
|
-
|
| Cash
generated from operations |
17,198
|
368
|
 |
 |
 |
| Income
tax refund |
-
|
3
|
| Interest
received |
95
|
53
|
| Interest
paid |
(15)
|
(203)
|
| Net
cash inflow from operating activities |
17,278
|
221
|
 |
 |
 |
| Investing
activities |
 |
 |
| Payment
for purchase of fixed assets |
(1,095)
|
(970)
|
| Payment
for development costs |
(5,415)
|
(2,088)
|
| Technology
transfer fee paid |
(30,800)
|
(1,800)
|
| Proceeds
from sales of fixed assets |
17
|
-
|
 |
 |
 |
| Net
cash outflow from investing activities |
(37,293)
|
(4,858)
|
 |
 |
 |
| Financing
activities |
 |
 |
| Capital
contributions |
-
|
20,000
|
| Repayment
of principal under hire purchase contract |
(133)
|
(119)
|
| Decrease
in amount due to related company |
-
|
(1,922)
|
| Issue
of shares |
71,836
|
-
|
| Share
issue expenses |
(12,929)
|
-
|
 |
 |
 |
| Net
cash inflow from financing activities |
58,774
|
17,959
|
 |
 |
 |
| Net
increase in cash and cash equivalents |
38,759
|
13,322
|
 |
 |
 |
| Cash
and cash equivalents at beginning of the year |
10,908
|
(2,414)
|
 |
 |
 |
| Cash
and cash equivalents at end of the year |
49,667
|
10,908
|
1(d)(i)
A statement (for the issuer and group) showing either
(i) all changes in equity or (ii) changes in equity
other than those arising from capitalisation issues
and distributions to shareholders, together with a comparative
statement for the corresponding period of the immediately
preceding financial year
Statement of changes in equity
| The
Group |
Share
Capital
|
Contributed
Surplus
|
Statutory
Reserves
|
Share
Premium
|
Other
Reserves
|
Retained
Profits
|
Total
|
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
 |
 |
 |
 |
 |
 |
 |
| At
1 April 2002 |
28,672
|
0
|
0
|
0
|
0
|
5,072
|
33,744
|
| Surrender
of original shares as part of the Group's share
capital restructuring |
(28,672)
|
-
|
-
|
-
|
-
|
-
|
(28,672)
|
| Ordinary
shares issued nil paid on incorporation and
subsequently credited as fully paid as part
of the Group's capital restructuring |
19,462
|
9,210
|
-
|
-
|
-
|
-
|
28,672
|
| New
shares issued for public subscription |
4,907
|
-
|
-
|
66,929
|
-
|
-
|
71,836
|
| Share
issue expenses |
-
|
-
|
-
|
(12,929)
|
-
|
-
|
(12,929)
|
| Net
profit for the year |
-
|
-
|
-
|
-
|
-
|
25,320
|
25,320
|
 |
 |
 |
 |
 |
 |
 |
 |
| At
31 March 2003 |
24,369
|
9,210
|
0
|
54,000
|
0
|
30,392
|
117,971
|
| The
Company |
Share
Capital
|
Contributed
Surplus
|
Statutory
Reserves
|
Share
Premium
|
Other
Reserves
|
Retained
Profits
|
Total
|
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
HK$'000
|
 |
 |
 |
 |
 |
 |
 |
| At
1 April 2002 |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
 |
 |
 |
 |
 |
 |
 |
 |
| Ordinary
shares issued nil paid on incorporation and
subsequently credited as fully paid as part
of the Group's capital restructuring |
19,462
|
-
|
-
|
-
|
-
|
-
|
19,462
|
 |
 |
 |
 |
 |
 |
 |
 |
| New
shares issued for public subscription |
4,907
|
-
|
-
|
66,929
|
-
|
-
|
71,836
|
 |
 |
 |
 |
 |
 |
 |
 |
| Share
issue expenses |
-
|
-
|
-
|
(12,929)
|
-
|
-
|
(12,929)
|
 |
 |
 |
 |
 |
 |
 |
 |
| Net
profit for the year |
-
|
-
|
-
|
-
|
-
|
(150)
|
(150)
|
 |
 |
 |
 |
 |
 |
 |
 |
| At
31 March 2003 |
24,369
|
0
|
0
|
54,000
|
0
|
(150)
|
78,219
|
1(d)(ii)
Details of any changes in the company's share capital
arising from rights issue, bonus issue, share buy-backs,
exercise of share options or warrants, conversion of
other issues of equity securities, issue of shares or
cash or as consideration for acquisition or for any
other purpose since the end of the previous period reported
on. State also the number of shares that may be issued
on conversion of all the outstanding convertibles as
at the end of the current financial period reported
on and as at the end of the corresponding period of
the immediately preceding financial year
As at
31 March 2003, the total number of unexercised options
under the Company's Executives' Share Option Scheme
was nil (31 March 2002 : Nil).
2. Whether
the figures have been audited, or reviewed and in accordance
with which standard (e.g. the Singapore Standard on
Auditing 910 (Engagements to Review Financial Statements),
or an equivalent standard)
The figures have not been audited
or reviewed.
3. Where
the figures have been audited or reviewed, the auditors'
report (including any qualifications or emphasis of
matter)
4. Whether
the same accounting policies and methods of computation
as in the issuer's most recently audited annual financial
statements have been applied
The Group
has adopted the same accounting policies and methods
of computation in the financial statements for the
current reporting year compared with the audited
financial statements as at 31 March 2002.
5. If there
are any changes in the accounting policies and methods
of computation, including any required by an accounting
standard, what has changed, as well as the reasons for,
and the effect of, the change
6. Earnings
per ordinary share of the group for the current period
reported on and the corresponding period of the immediately
preceding financial year, after deducting any provision
for preference dividends
| Earnings/(Loss)
per ordinary share for the year after deducting
any provision for preference dividends:- |
 |
 |
 |
FY 2003
|
FY 2002
|
| 6a.
Based on weighted average number of ordinary
shares in issue (Please see note below) |
8.49
HK cents
|
0.43
HK cents
|
 |
 |
 |
| 6b.
On a fully diluted basis (Please see note below) |
Not
Applicable
|
Not
Applicable
|
Note
6a : The calculation of earnings per share is based
on the Group's profit attributable to shareholders
and the weighted average of
298,191,853 (FY2002 : 278,026,100) ordinary shares in
issue during the year.
Note 6b : There were no dilutive
potential ordinary shares during the year and therefore
diluted earnings per
share are not presented.
7. Net asset
value (for the issuer and group) per ordinary share
based on issued share capital of the issuer at the end
of the (a) current period reported on and (b) immediately
preceding financial year
| Net
tangible asset backing per ordinary share based
on existing issued share capital as at the end
of the period on |
FY 2003
|
FY 2002
|
|
HK$0.19
per share
|
HK$0.07
per share
|
8. A review
of the performance of the group, to the extent necessary
for a reasonable understanding of the group's business.
The review must discuss any significant factors that
affected the turnover, costs, and earnings of the group
for the current financial period reported on, including
(where applicable) seasonal or cyclical factors. It
must also discuss any material factors that affected
the cash flow, working capital, assets or liabilities
of the group during the current financial period reported
on
Sales turnover
Our turnover
amounted to approximately HK$95.3 million for the year
ended 31 March 2003, a growth rate of 280% from that of
approximately HK$25.1 million in FY2002. The growth in
turnover was mainly due to the improved sales for our
core products, namely the NetServers and the UCWs. The
overall increase in our sales was mainly due to increasing
market acceptance of our products due to more extensive
marketing and promotional activities as well as the successful
implementation of visible projects and promising user
site references as well as executed distribution strategy.
In terms of the geographical segmentation of our sales
turnover recorded for the year ended 31 March 2003, we
experienced significant growth in our sales to the PRC
and North America of approximately 13.9 times and 6.0
times respectively. We have also made a sales breakthrough
into the digital video surveillance product marketplace
in Macau which, we strongly believe, will bring substantial
sales orders to our Company in the future. The overall
sales turnover generated from Hong Kong and the rest of
the world was steady over the year while the decrease
in sales turnover was recorded in Australia as a result
of the completion of the Sydney's New South Wales State
Rail Authority project in early this year.
Cost of sales
Our cost of
sales increased by approximately HK$33.0 million or 272%
to HK$45.2 million for the year ended 31 March 2003 from
approximately HK$12.2 million in FY2002. Despite the tremendous
competitive pressure in driving down the average selling
price of our products, we have been able to achieve an
improved gross profit margin from last year's 51.5% to
52.6% as a result of (i) an increase in the sales of higher
margin products such as customised NetServers and the
UCWs in contrast to the lower-end NetServer DIY boards
and standard NetServer boxes; (ii) the benefit gained
from economies of scale in our production as we continue
to increase our production volume and thereby decrease
the average cost of materials and assembly charges; (iii)
the cost savings made in the last quarter brought by the
acquisition of a perpetual license for use of our software
driver; and (iv) the release of high end hardware MPEG4
compression NetServers with better margin.
Operating expenses
Our total operating
expenses increased by approximately HK$9.9 million or
81% to approximately HK$22.0 million for the year ended
31 March 2003 from approximately HK$12.1 million in FY2002.
Our distribution expenses amounted to approximately HK$7.5
million for the year ended 31 March 2003, an increase
of approximately HK$2.6 million or 53% from that of approximately
HK$4.9 million in FY2002. This increase was primarily
due to an expansion in our sales force and the set up
of a new subsidiary in Macau
and sales and marketing representative offices in Singapore,
the PRC and the USA respectively.
Our administrative expenses amounted
to approximately HK$7.0 million for the year ended 31
March 2003, an increase of approximately HK$2.6 million
or 58% from that of approximately HK$4.4 million in FY2002.
This increase was primarily due to the expansion of our
technical support and administration team to cope with
the significant business expansion of the Company.
Our amortisation of development costs
amounted to approximately HK$7.4 million for the year
ended 31 March 2003, an increase of approximately HK$4.6
million or 166% from that of approximately HK$2.8 million
in FY2002. This increase was primarily due to the significant
investments made in our product development programs during
the year under review in order to ensure our technology
leadership in the marketplace.
Gross profit and net profit after
taxation
Our gross profit
amounted to approximately HK$50.1 million for the year
ended 31 March 2003, an increase of HK$37.2 million or
287% from that of approximately HK$12.9 million in FY2002.
This growth corresponds to the extent of growth in sales
turnover we achieved in FY 2003.
We registered a profit after taxation attributable to
the shareholders of approximately HK$25.3 million for
the year ended 31 March 2003, an increase of approximately
HK$24.1 million or 2,014% from that of approximately HK$1.2
million in FY2002. The main reason for this significant
growth in profit after taxation was that our digital video
surveillance businesses were only in the kick-off stage
during most of the time in FY2002, while such businesses
had been successfully taken off in FY2003 on the basis
of a well-developed customer base and proven reference
sites.
Intangible assets
Our intangible
assets amounted to HK$51.1 million at 31 March 2003, an
increase of HK$36.8 million from HK$14.3 million at 31
March 2002. Such increase was primarily the results of
(i) an acquisition of a perpetual licence of use of the
software driver which is an integral cost element of our
core products; and (ii) the additional amount spent by
the Group in financing its new products development projects
during the year under review.
Inventories
Our inventories
amounted to HK$4.5 million at 31 March 2003, an increase
of HK$0.9 million from HK$3.6 million at 31 March 2002.
Such extent of approximately 25% increase in inventories
level is insignificant in view of the 280% growth in sales
turnover in the year of 2003 which were partly due to
our success in maintaining a relatively stable and accurate
order forecasting mechanism with our major distribution
partners and partly due to our ability to work with our
PRC assembly and manufacturing partner in stabilizing
a reliable manufacturing and delivery leadtime, both of
which enabled our Company to keep the practical minimum
level of inventories in terms of both assembled whole
units as well as major parts and components.
Trade receivables
Our trade
receivables amounted to HK$25.7 million at 31 March 2003,
an increase of HK$12.0 million from HK$13.7 milion at
31 March 2002. This increase was the result of the 280%
increase in sales turnover over that in last year and
the average turnover days of our trade receivable was
approximately 75 days (versus 130 days in FY2002) which
showed significant improvement in our credit control and
this was in line with our overall credit policy of granting
a credit period of between 60 to 90 days to the majority
of our long-term business partners.
Trade and other payables
Our trade
and other payables amounted to HK$11.0 million at 31 March
2003, an increase of HK$0.2 million from HK$10.8 million
at 31 March 2002. This increase was the result of the
prompt settlements to our PRC assembly and manufacturing
partners in return for a guarantee of prompt manufacturing
and delivery leadtime and quality of works which were
critical both in enabling our Company to maintain a good
reputation as a reliable supplier of good quality products
and in enabling our Company to keep a reasonably low level
of inventories as explained in the above section.
Deferred tax liabilities
The Group's deferred tax liabilities
of HK$4.8 million at 31 March 2003 (nil at 31 March 2002)
were primarily related to temporary differences of deferred
product development costs arising under Hong Kong taxation.
Share Capital and reserves
The significant changes in the
Group's share capital and reserves were the results of
(i) a capital restructuring exercise carried out during
this year in preparation for the listing of our Group
on the Singapore Stock Exchange; and (ii) the issue of
new shares of the Company in relation to our listing on
the Singapore Stock Exchange on 18 December 2002.
Cashflow
Our operating activities recorded
net cash inflow of HK$17.3 million for the year ended
31 March 2003, an increase of HK$17.1 million from HK$0.2
million for the same period in FY2002. This was primarily
contributed by the operating profit generated less amounts
applied in settling our trade and other payables and the
increase in financing our trade receivables and inventories.
Our investing activities recorded
net cash outflow of HK$37.3 million for the year ended
31 March 2003, an increase of HK$32.4 million from HK$4.9
million for the same period in FY2002. This was primarily
due to the settlement of the acquisition of a perpetual
license for use of software driver as mentioned above
and the payment of product research and development costs
during the year under review.
Our financing activities recorded
net cash inflow of HK$58.8 million for the year ended
31 March 2003, an increase of HK$40.8 million from HK$18.0
million for the same period of FY2002. Such increase was
primarily the result of the issue of the Company's new
shares in relation to the listing of the Company on the
Singapore Stock Exchange on 18 December 2002.
Overall, our Group recorded
a consolidated net increase in cash and cash equivalents
of HK$38.8 million for the year ended 31 March 2003.
9. Where
a forecast, or a prospect statement, has been previously
disclosed to shareholders, any variance between it and
the actual results
10. A commentary
at the date of the announcement of the competitive conditions
of the industry in which the group operates and any
known factors or events that may affect the group in
the next reporting period and the next 12 months
The competitive
environment will be intense as more low end products continue
to enter the market especially in highly price-sensitive
regions such as the PRC and Taiwan. We have released new
entry level and high end NetServer models to cope with
the competition. Our Company will also focus on the high
end enterprise and customised solutions for customers
and expand into the lightly-tapped geographical markets
such as Europe, the Middle East as well as Southeast Asia.
On the other hand, our Company will continue investing
significant financial and human resources in product development
to ensure the roll out of technologically advanced new
products and solutions in order to maintain our competitive
edge in the marketplace.
Based on current business trends, the
total sales turnover and operating results of the Group
are likely to improve in the next financial year.
11. Dividend
(a)
Current Financial Period Reported On
Any dividend
declared
for the current financial period reported on?
None
(b)
Corresponding Period of the Immediately Preceding
Financial Year
Any dividend
declared for the corresponding period of the immediately
preceding financial year?
None
(c) Date
payable
N. A.
(d) Books
closure date
NIL
12. If no
dividend has been declared/recommended, a statement
to that effect
No dividend has been recommended.
PART II - ADDITIONAL INFORMATION
REQUIRED FOR FULL YEAR ANNOUNCEMENT
(This part is not applicable to
Q1, Q2, Q3 or Half Year Results)
13. Segmented
revenue and results for business or geographical segments
(of the group) in the form presented in the issuer's
most recently audited annual financial statements, with
comparative information for the immediately preceding
year
Segmental Results
 |
The
Group
Turnover
HK$'000
|
The
Group
Profit before taxation
HK$'000
|
|
Full
Year
FY2003
|
Full
Year
FY2002
|
Full
Year
FY2003
|
Full
Year
FY2002
|
| By
geographical location |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| The
PRC |
62,886
|
4,516
|
21,257
|
(46)
|
| Hong
Kong |
6,394
|
4,650
|
275
|
422
|
| Macau |
3,536
|
-
|
1,204
|
-
|
| Australia |
1,541
|
9,846
|
271
|
942
|
| Taiwan |
708
|
1,173
|
157
|
22
|
| North
America |
18,071
|
2,528
|
6,562
|
252
|
| Europe |
898
|
528
|
199
|
39
|
| Others |
1,258
|
1,860
|
233
|
(205)
|
 |
 |
 |
 |
 |
 |
95,292
|
25,101
|
30,158
|
1,426
|
14. In the
review of performance, the factors leading to any material
changes in contributions to turnover and earnings by
the business or geographical segments
Please refer
to section 8 above.
15. A breakdown
of sales
Please refer to section 13 above.
16. A breakdown
of the total annual dividend (in dollar value) for the
issuer's latest full year and its previous full year
Total Annual
Dividend (Refer
to Para 16 of Appendix 7.2 for the required details)
 |
Latest
Full Year ()
|
Previous
Full Year ()
|
| Ordinary |
0
|
0
|
| Preference |
0
|
0
|
| Total: |
0
|
0
|
BY ORDER OF
THE BOARD
Mak Tin Sang
Company Secretary
26 June 2003
Submitted by Mak Tin
Sang, Company Secretary on 26 June 2003 to the SGX.
Corporate
Information I Investor
Relations I Products
I Customer Care I News
I Demonstration I Partners
I Contact Us I Dealer
login
|