PDF《GROUP PROFILE》

GROUP PROFILE Fountain Set (Holdings) Limited and its subsidiaries are recognised in the industry as the world'

s largest circular knitted fabric manufacturer and has long been a driving force in the global market through its vertically integrated operations in spinning, knitting, dyeing, printing and finishing.

The Group'

s product range also includes dyed yarns, sewing threads and garments. As a major fabric supplier to garment manufacturers in over

40 countries that supply to internationally renowned retail brands, Fountain Set'

s worldwide sales reached HK$6.64 billion (US$851 million) in the fiscal year 2005. Headquartered in Hong Kong and listed on The Stock Exchange of Hong Kong Limited, Fountain Set (Holdings) Limited (SEHK: 420) has production facilities in the PRC, Sri Lanka and Indonesia, with marketing and representative offices in

8 countries and a global staff force of approximately 23,000. To learn more about Fountain Set, please visit www.fshl.com 集团简介 福田实业 (集团) 有限公司及其附属公司被业界誉为世界最大的 圆筒针织面料生产商,并为环球纺织行业的翘楚.集团提供纺 纱、针织、染色、印花及整理等高度垂直之综合服务,产品亦包 括色纱、缝纫线及成衣.福田向超过40个国家的成衣制造商提供 面料,以制成国际知名品牌的成衣.福田於2005年财政年度的 环球销售额达66.4亿港元 (8.51亿美元) . 福田实业 (集团) 有限公司之总部位於香港,并於香港联合交易所 有限公司上市 (香港联交所编号:420) ,在中国、斯里兰卡及印 尼设有生产设施;

海外市场推广办事处 代表处分布8个国家, 全球共聘用雇员约23,000人. 欲知更多福田资料,请浏览 www.fshl.com

1 二零零六年中期报告 The Board of Directors is pleased to announce that the unaudited condensed consolidated financial statements of the Company and its subsidiaries ( the Group ) for the six months ended 28th February,2006 are as follows: Condensed Consolidated Income Statement 简明综合收益账 For the six months ended 28th February,2006 截至二零零六年二月二十八日止六个月 Six months Six months ended ended 28th February, 28th February,

2006 2005 截至 截至 二零零六年 二零零五年 二月二十八日止 二月二十八日止 六个月 六个月 Notes HK$'

000 HK$'

000 附注 千港元 千港元 (unaudited) (unaudited and restated) (未经审核) (未经审核 及重列) Turnover 营业额

4 3,237,940 3,118,468 Cost of sales 销售成本 (2,620,342) (2,549,951) 617,598 568,517 Other income 其他收入 39,218 35,260 Gain on disposal of property interests 出售物业权益之盈利

10 144,028 ― Distribution expenses 销售费用 (178,046) (181,134) Administrative and other expenses 行政及其他费用 (323,718) (313,518) Finance costs 融资成本

5 (50,768) (21,965) Profit before taxation 除税前盈利

6 248,312 87,160 Income tax charge 所得税支出

7 (23,048) (15,481) Profit for the period 是期间盈利 225,264 71,679 Attributable to: 应占: Shareholders of the Company 本公司股东 204,676 54,653 Minority shareholders 少数股东 20,588 17,026 225,264 71,679 Dividend paid 已付股息

8 55,581 59,551 Earnings per share 每股盈利

9 Basic 基本 HK 25.78 cents港仙 HK 6.88 cents港仙 董事会欣然宣布截至二零零六年二月二十八日止 六个月本公司及其附属公司 ( 「本集团」 ) 之未经审 核简明综合财务报表如下: CONDENSED FINANCIAL STATEMENTS 简明财务报表

2 FOUNTAIN SET (HOLDINGS) LIMITED Interim Report

2006 Condensed Consolidated Balance Sheet 简明综合资产负债表 At 28th February,2006 於二零零六年二月二十八日 28th February, 31st August,

2006 2005 二零零六年 二零零五年 二月二十八日 八月三十一日 Notes HK$'

000 HK$'

000 附注 千港元 千港元 (unaudited) (audited and restated) (未经审核) (已经审核 及重列) NON-CURRENT ASSETS 非流动资产 Investment properties 投资物业

10 4,918 84,267 Property,plant and equipment 物业、机器及设备

10 2,085,228 2,102,421 Prepaid lease payments 预付租赁款项 ― non-current portion -非流动部份

10 60,729 150,269 Interests in jointly controlled entities 应占共同控制机构权益 ― 13,729 Deferred tax assets 递延税项资产 14,967 13,717 2,165,842 2,364,403 CURRENT ASSETS 流动资产 Inventories 存货

11 1,676,853 1,543,423 Prepaid lease payments 预付租赁款项 ― current portion -流动部份 1,463 3,655 Trade and other receivables 营业及其他应收款项

12 1,619,932 1,565,907 Amounts due from jointly 共同控制机构 controlled entities 所欠款项 12,956 ― Derivative financial instruments 衍生金融工具

353 ― Tax recoverable 可收回税项 5,678 7,205 Bank deposit with restricted use 有限制用途之银行存款 2,042 2,675 Short-term bank deposits 短期银行存款 341,575 269,176 Bank balances and cash 银行结存及现金 329,248 265,500 3,990,100 3,657,541 CURRENT LIABILITIES 流动负债 Trade and other payables 营业及其他应付款项

13 706,520 622,684 Bills payable 应付票

13 368,420 343,565 Derivative financial instruments 衍生金融工具 2,493 ― Tax payable 应付税项 58,282 19,408 Bank borrowings 银行借贷 ― due within one year -一年内到期

14 423,820 292,498 Bank overdrafts 银行透支 2,707 3,147 Obligations under finance leases 财务租赁应付账款 ― due within one year -一年内到期 10,966 16,728 1,573,208 1,298,030 NET CURRENT ASSETS 流动资产净值 2,416,892 2,359,511 TOTAL ASSETS LESS CURRENT LIABILITIES 资产总值减流动负债 4,582,734 4,723,914

3 二零零六年中期报告 Condensed Consolidated Balance Sheet (Continued) 简明综合资产负债表(续) At 28th February,2006 於二零零六年二月二十八日 28th February, 31st August,

2006 2005 二零零六年 二零零五年 二月二十八日 八月三十一日 Note HK$'

000 HK$'

000 附注 千港元 千港元 (unaudited) (audited and restated) (未经审核) (已经审核 及重列) NON-CURRENT LIABILITIES 非流动负债 Bank borrowings 银行借贷 ― due after one year -一年后到期

14 1,647,958 1,910,000 Obligations under finance leases 财务租赁应付账款 ― due after one year -一年后到期 1,298 5,430 Deferred tax liabilities 递延税项负债 5,060 29,268 1,654,316 1,944,698 NET ASSETS 资产净值 2,928,418 2,779,216 CAPITAL AND RESERVES 资本及储备 Share capital 股本 158,802 158,802 Reserves 储备 2,572,685 2,427,001 Equity attributable to shareholders 本公司股东应占 of the Company 权益 2,731,487 2,585,803 Minority interests 少数股东权益 196,931 193,413 2,928,418 2,779,216

4 FOUNTAIN SET (HOLDINGS) LIMITED Interim Report

2006 Condensed Consolidated Statement of Changes in Equity 简明综合权益变动报表 For the six months ended 28th February,2006 截至二零零六年二月二十八日止六个月 Totalequity attributableto Capital Asset shareholders Share Share redemption revaluation Translation Statutory Retained of the Minority Total capital premium reserve reserve reserve reserves profits Company interests equity 本公司股东 资本 资产 应占权益 少数股东 股本 股份溢价 赎回储备 重估储备 汇兑储备 法定储备 滚存盈利 总值 权益 权益总值 HK$'

000 HK$'

000 HK$'

000 HK$'

000 HK$'

000 HK$'

000 HK$'

000 HK$'

000 HK$'

000 HK$'

000 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 At1stSeptember,2004 於二零零四年九月一日 158,802 197,124

210 229,844 (51,587) 14,000 2,138,596 2,686,989 193,634 2,880,623 Effectsofchangesinaccounting 会计政策改变 policies(note3) 之影响(附注3)229,844) ― ― 42,826 (187,018) ― (187,018) Asrestated 重列 158,802 197,124

210 ― (51,587) 14,000 2,181,422 2,499,971 193,634 2,693,605 Exchangedifferencesarisingfrom 直接在权益内确认之 translationoffinancialstatements 外币财务报表汇兑 denominatedinforeigncurrencies 差额 directlyrecognisedinequity ― ― ― ― 7,040 ― ― 7,040 3,674 10,714 Profitfortheperiod(asrestated) 是期间盈利(重列)54,653 54,653 17,026 71,679 Totalrecognisedincomeandexpense 是期间确认之收入 fortheperiod 及支出总值 ― ― ― ― 7,040 ― 54,653 61,693 20,700 82,393 Dividendpaidtoshareholdersof 已付股息予本公司 theCompany 股东 59,551) (59,551) ― (59,551) Dividendpaidtominorityshareholders 已付股息予少数股东 13,018) (13,018) At28thFebruary,2005 於二零零五年 二月二十八日 158,802 197,124

210 ― (44,547) 14,000 2,176,524 2,502,113 201,316 2,703,429 Exchangedifferencesarisingfrom 直接在权益内确认之 translationoffinancialstatements 外币财务报表汇兑 denominatedinforeigncurrencies 差额 directlyrecognisedinequity 1,327) ― ― (1,327) (89) (1,416) Profitfortheperiod(asrestated) 是期间盈利(重列)108,837 108,837 19,571 128,408 Totalrecognisedincomeandexpense 是期间确认之收入 fortheperiod 及支出总值 1,327) ― 108,837 107,510 19,482 126,992 Dividendpaidtoshareholdersof 已付股息予本公司 theCompany 股东 23,820) (23,820) ― (23,820) Dividendpaidtominorityshareholders 已付股息予少数股东 18,498) (18,498) Acquisitionofadditionalinterests 收购附属公司额外 insubsidiaries 权益 8,887) (8,887) Transfer 调拨 2,000 (2,000) ― ― ― At31stAugust,2005 於二零零五年 八月三十一日 158,802 197,124

210 ― (45,874) 16,000 2,259,541 2,585,803 193,413 2,779,216 Effectofchangeinaccounting 会计政策改变 policy(note3) 之影响(附注3)1,504) (1,504) ― (1,504) At1stSeptember,2005(asrestated) 於二零零五年 九月一日(重列) 158,802 197,124

210 ― (45,874) 16,000 2,258,037 2,584,299 193,413 2,777,712 Exchangedifferencesarisingfrom 直接在权益内确认之 translationoffinancialstatements 外币财务报表汇兑 denominatedinforeigncurrencies 差额 directlyrecognisedinequity 1,907) ― ― (1,907) (2,128) (4,035) Profitfortheperiod 是期间盈利 204,676 204,676 20,588 225,264 Totalrecognisedincomeandexpense 是期间确认之收入 fortheperiod 及支出总值 1,907) ― 204,676 202,769 18,460 221,229 Dividendpaidtoshareholdersof 已付股息予本公司 theCompany 股东 55,581) (55,581) ― (55,581) Dividendpaidtominorityshareholders 已付股息予少数股东 15,632) (15,632) Capitalcontributionfromminority 少数股东之资本 shareholders 注资

690 690 At28thFebruary,2006 於二零零六年 二月二十八日 158,802 197,124

210 ― (47,781) 16,000 2,407,132 2,731,487 196,931 2,928,418

5 二零零六年中期报告 Condensed Consolidated Cash Flow Statement 简明综合现金流量报表 For the six months ended 28th February,2006 截至二零零六年二月二十八日止六个月 Six months Six months ended ended 28th February, 28th February,

2006 2005 截至 截至 二零零六年 二零零五年 二月二十八日止 二月二十八日止 六个月 六个月 HK$'

000 HK$'

000 千港元 千港元 (unaudited) (unaudited) (未经审核) (未经审核) Net cash from operating activities 营运项目所得之现金净值 186,687 711,334 Investing activities 投资项目 Net proceeds from disposal of 出售物业权益所得 property interests 款项净值 488,929 ― Other movements in investing activities 投资项目之其他变动 (239,136) (246,982) Net cash from (used in) investing 投资项目所得 (所用) 之activities 现金净值 249,793 (246,982) Net cash used in financing activities 融资项目所用之现金净值 (299,179) (263,850) Net increase in cash and cash 现金及等同现金项目之 equivalents 增加净值 137,301 200,502 Cash and cash equivalents at 於是期间开始时之现金及 beginning of the period 等同现金项目 531,529 294,002 Effect of foreign exchange rate changes 汇率变动之影响 (714) 2,935 Cash and cash equivalents at 於是期间终结时之现金及 end of the period 等同现金项目 668,116 497,439 ANALYSIS OF THE BALANCES OF 现金及等同现金项目 CASH AND CASH EQUIVALENTS 结存之分析 Being: 作为: Short-term bank deposits 短期银行存款 341,575 134,088 Bank balances and cash 银行结存及现金 329,248 366,077 B................