Annual Report 2004
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Condensed consolidated financial statements - US GAAP
Condensed consolidated statement of stockholders' (equity)/deficit
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(Derived from financial statements prepared in accordance with US GAAP) | |||||||||||
| Stated | Other com- | Total Stock- | Compre- | ||||||||
| capital | Additional | prehensive | holders' | hensive | |||||||
| Number of | Number of | Preferred | and share | paid-in | Accumulated | (loss)/ | (deficit)/ | (loss)/ | |||
| common | preferred | stock | premium | capital | loss | income | equity | income | |||
| Shares | Shares | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | |||
| Balance - 1 July 2001 | 154 529 578 | 5 000 000 | 107 | 302 959 | 30 889 | (300 069) | (54 453) | (20 567) | |||
| Exercise of employee stock options | 10 643 907 | 7 634 | 7 634 | ||||||||
| Issue of shares for cash | 12 000 000 | 43 503 | 43 503 | ||||||||
| Share issue expenses | (2 559) | (2 559) | |||||||||
| Net loss for the year | (51 709) | (51 709) | (51 709) | ||||||||
| Stock based compensation | 2 503 | 2 503 | |||||||||
| Other comprehensive income, net of tax of nil | |||||||||||
| Reclassification adjustment for net gain included in net income | (2 683) | (2 683) | (2 683) | ||||||||
| Decrease in mark-to-market on listed investments | (719) | (719) | (719) | ||||||||
| Foreign currency translation adjustments | 9 126 | 9 126 | 9 126 | ||||||||
| Balance - 30 June 2002 | 177 173 485 | 5 000 000 | 107 | 351 537 | 33 392 | (351 778) | (48 729) | (15 471) | (45 985) | ||
| Exercise of employee stock options | 2 253 699 | 2 244 | 2 244 | ||||||||
| Issue of shares for cash | 4 794 889 | 6 783 | 6 783 | ||||||||
| Share issue expenses | (213) | (213) | |||||||||
| Net profit for the year | 11 374 | 11 374 | 11 374 | ||||||||
| Stock based compensation | 4 313 | 4 313 | |||||||||
| Other comprehensive income, net of tax of nil | |||||||||||
| Decrease in mark-to-market on listed investments | (1 759) | (1 759) | (1 759) | ||||||||
| Foreign currency translation adjustments | (2 035) | (2 035) | (2 035) | ||||||||
| Balance - 30 June 2003 | 184 222 073 | 5 000 000 | 107 | 360 351 | 37 705 | (340 404) | (52 523) | 5 236 | 7 580 | ||
| Exercise of employee stock options | 978 053 | 1 298 | 1 298 | ||||||||
| Issue of shares for cash | 41 463 639 | 107 367 | 107 367 | ||||||||
| Share issue expenses | (992) | (992) | |||||||||
| Acquisition of subsidiaries | 6 643 902 | 16 748 | 16 748 | ||||||||
| Net loss for the year | (55 750) | (55 750) | (55 750) | ||||||||
| Stock based compensation | 2 310 | 2 310 | |||||||||
| Other comprehensive income net of tax of nil | |||||||||||
| Decrease in mark-to-market on listed investments | 4 403 | 4 403 | 4 403 | ||||||||
| Foreign currency translation adjustments | 3 232 | 3 232 | 3 232 | ||||||||
| Balance - 30 June 2004 | 233 307 667 | 5 000 000 | 107 | 484 772 | 40 015 | (396 154) | (44 888) | 83 852 | (48 115) | ||
| Analysis of accumulated other comprehensive loss: | 2001 | 2002 | 2003 | 2004 | |||||||
| Mark-to-market on listed investments | 3 447 | 45 | (1 714) | 2 689 | |||||||
| Foreign currency translation adjustments | (57 900) | (48 774) | (50 809) | (47 577) | |||||||
| (54 453) | (48 729) | (52 523) | (44 888) | ||||||||
| These condensed financial statements should be read in conjunction with the Company's financial statements and footnotes filed on Form 20-F with the United States Securities and Exchange Commission on or about 30 September 2004. | |||||||||||
