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Annual Report 年報 2015

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For identification purpose only 僅供識別

2 Highlights of the Year 2015
4 Chairman’s Statement
17 Management’s Discussion and Analysis
33 Development Concept of SIM Technology 34 Care for our Future
35 Directors and Senior Management Profile
41 Report of the Directors
53 Corporate Governance Report
69 Independent Auditor’s Report
71 Consolidated Statement of Profit or Loss
72 Consolidated Statement of Profit or Loss and Other Comprehensive Income
73 Consolidated Statement of Financial Position 76 Consolidated Statement of Changes in Equity 78 Consolidated Statement of Cash Flows
80 Notes to the Consolidated Financial Statements
207 Financial Summary 208 Corporate Information

2015年度大事紀主席報告管理層討論及分析晨訊科技的發展理念關注我們的未來董事及高級管理人員董事會報告企業管治報告獨立核數師報告綜合損益表綜合損益及其他全面收益表綜合財務狀況表綜合權益變動表綜合現金流量表綜合財務報表附註財務摘要公司資料

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SIM Technology Group Limited Annual Report 2015

Chairman’s Statement 主席報告

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Dear Shareholders,

致各股東︰

On behalf of the board (“Board”) of directors (“Directors”) of SIM Technology Group Limited (“Company”), I am presenting the annual results of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended 31 December 2015 (“Year”).

本人謹代表晨訊科技集團有限公司（「本公司」）董事（「董事」）會（「董事會」）提呈本公司及其附屬公司（統稱「本集團」）截至二零一五年十二月三十一日止年度（「本年度」）之全年業績報告。

For the Year, the Group achieved a profit attributable to owners of the Company of HK$64.6 million (2014: HK$24.0 million). The basic earnings per share was HK2.53 cents (2014: HK0.94 cent).

本年度，本集團錄得本公司擁有人應佔溢利為 64,600,000 港元（二零一四年︰24,000,000 港元）。本年度每股基本盈利為 2.53 港仙（二零一四年︰0.94 港仙）。

晨訊科技集團有限公司 二零一五年年報

Chairman’s Statement 主席報告

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FINAL DIVIDEND

The Board does not recommend the payment of a final dividend to shareholders of the Company (“Shareholders”) for the Year.

末期股息

董事不建議向本公司股東（「股東」）派發截至本年度之末期股息。

BUSINESS REVIEW

In 2015, the Group’s shift in business positioning and development strategies after its business transformation has begun to show results. In addition to maintaining the growth in its Original Design Manufacturer (“ODM”) handset business and wireless communication modules business, the Group has also actively expanded the industrial application terminal, Internet of Things (“IOT”) and the intelligent robotic manufacturing businesses. During the Year, most of the core business (as defined on page 17) of the Group recorded growth in revenue, which has laid a solid foundation for the sustainable development of its overall operation in the future.

業務回顧

回顧二零一五年，本集團轉型後的業務定位和發展方向戰略已取得成效。集團以保持手機原設計製造商（「ODM」）及無線通訊模塊業務增長的同時，繼續積極拓展行業應用終端、物聯網業務（「IOT」）和機器人智能製造業務的市場。年內，大部份主營業務（定義於第17頁）的收入均有所增長，為本集團未來整體業務可持續發展的佈局，奠定了基礎。

SIM Technology Group Limited Annual Report 2015

Chairman’s Statement 主席報告

For the handsets and solutions business, the Group has continued to develop the high-end ODM consumer handset business as well as actively expanded its business in industry and IOT application mobile terminals. During the Year, shipment volume, sales and profit of the two production lines have shown substantial growth when compared with last year.

Thanks to the strong demand for the Group’s 2G, 3G and 4G wireless communication modules from domestic and overseas markets, the communication modules business has set another new record in annual shipment volume. The increase in shipment volume in Europe, Southeast Asia and Australia exceeded 50%. Thus, annual shipment volume, turnover and gross profit have shown notable growth. However, gross profit margin for the Year dropped slightly due to the rapid reduction in the average selling price of 2G products and the higher investment costs of new 4G products.

As for the IOT business, the Group has continued to boost the investment in the value-added services of intelligent vending machines. It has expanded the business from retail and finance leasing to sectors including beverage trading, Online-To-Offline (“O2O”) operation of vending machines and intelligent vending machine controller manufacturing, etc. Besides, the Group has established the cloud computing and big data service platform, which can support smart home elderly service systems, health monitoring systems and vehicle antitheft management systems. While such business has yet to contribute to the financial results, it has laid down a well-defined profitability model and potential for replication, giving the Group a solid foundation for development of the IOT business.

The Group has actively expanded the intelligent manufacturing business in recent years. Starting from its own handset plant, the Group has developed robot automated test equipment. It has also acquired a number of non-standard automation integration companies by way of industry association as a means to enter other sectors in the manufacturing industry of the People’s Republic of China (“PRC”). During the Year under review, the business has achieved a breakthrough after starting from scratch. Although the scale was not enormous, the intelligent manufacturing business is expected to generate fruitful revenue and gross profit for the Group in the years ahead.

手機和解決方案業務方面，本集團在繼續發展高端消費類手機ODM業務的同時積極開拓行業應用、物聯網應用移動終端。年內，兩產品線的出貨量、營業額、利潤比去年都有較大幅度的增長。

由於國內和海外市場對本集團 2G、3G 及 4G 無線通訊模塊的需求增加，通訊模塊業務再度創造了年度出貨數量的新紀錄，尤其在歐洲、東南亞和澳洲地區的出貨量增加均超過 50%，因此，全年的付運量、銷售額及毛利都有大幅度的增長。但面對 2G 產品的平均售價快速下跌及 4G 新產品的投入費用比較高，以致年度毛利率略有下降。

物聯網業務方面，本集團繼續加速智能售賣機的增值服務的投入，該業務內容從零售和融資租賃，擴展到飲料貿易，售賣機線下線上 (O2O) 運營及智能售賣機控制器製造等更多領域。另外，本集團成功建設了雲計算和大數據服務平台，應用於智能居家養老系統、健康監護系統和車輛防盜管理系統。雖然該業務目前對本集團的業績尚無貢獻，但已建立的業務有清晰的盈利模式和可複製性，為本集團在物聯網業務的發展奠定了扎實的基礎。

本集團近幾年大力發展智能製造業務，從自身手機工廠入手，開發出機器人自動測試設備，並且通過產業聯盟的形式拼購控股一批非標自動化集成公司，進軍中華人民共和國（「中國」）製造業其他分支。回顧年內，業務實現零的突破，規模雖然還不大，但是，未來幾年智能製造業務必將帶來可觀的業務收入和毛利。

晨訊科技集團有限公司 二零一五年年報

Chairman’s Statement 主席報告

Handsets and solutions business

In the PRC, the depth and breadth of subsidies for the handset operators has further shrunk, leading to further reductions in the share of mass procurement from operators, thus resulting in limited profits for branded manufacturers and ODMs. Many manufacturers have reduced product introductions to the market, resulting in the domestic consumer handset market gradually returning to branded manufacturers. Smartphones have played a key role in penetrating the mobile internet market, and this phenomenon has driven some internet and other consumption brands and channels to transfer their own core business to mobile terminals as well as launch their self-developed handsets. During the Year, the Group has seized the opportunities to focus its efforts on differentiated customers and products, enabling it to achieve better results in the handset business. The Group will continue to closely monitor its progress as it proceeds in this direction to capture more market opportunities.

Demand from industrial application terminals has continued to rise along with the further expansion and the firm foothold achieved by the IOT market. Compared with consumer handsets, there is still huge room for development in the sale of the industrial terminal market. In particular, the rapid growth in specific industries such as information and public safety, mobile office, Internet of Vehicles (“IoV”) and mobile payment is set to further stimulate demand for industrial terminal markets and products, resulting in the continued expansion of market capacity. During the Year, riding on the experience in developing handsets, the Group has developed the handset chip-based core board (i.e. an intelligent module) and achieved great success. The product has been widely applied in areas such as mobile payment Point-of–Sale (“POS”) machines and the IoV.

手機及解決方案業務

在國內手機運營商手機補貼力度和範圍進一步下降，造成運營商集採市場的份額進一步減少，給品牌廠商和 ODM 的利潤空間很低，很多廠商減少了在該市場的產品投入，使國內消費類手機市場逐漸回歸品牌廠商。隨著智能手機對進入移動互聯網市場發揮重要作用，驅動一些互聯網和其他消費類品牌和渠道，將自身的主營業務轉營到移動終端，並紛紛推出自有手機。年內，本集團抓緊了幾個機會，把主要精力投入差異化的客戶和產品，使手機業務取得較好的業績。本集團會繼續密切關注和開拓跨界的差異化手機客戶群並爭取更多的市場機會。

隨著物聯網市場進一步擴大和落地，行業應用專用終端的需求繼續增加。行業終端市場規模相比消費類手機，仍然存在很大的發展空間，特別是基於信息和公共安全、移動辦公、車聯網、移動支付等特定行業領域的快速發展，行業終端的市場和產品需求將會更加豐富，使市場容量繼續擴大。年內，本集團利用開發手機的經驗，開發了基於手機晶片的核心板、即智能模塊，取得了很大的成功；該產品已經在移動支付銷售點終端（「POS」）機、車聯網等領域廣泛應用。

SIM Technology Group Limited Annual Report 2015

Chairman’s Statement 主席報告

Wireless communication modules business

During the Year, the Group has recorded growth in overall shipment volume, revenue and gross profit of wireless communication modules. The growth was attributable to the varying degrees of increases in product demand in domestic and overseas markets. As for the products, sales of 3G modules recorded growth of more than 30% when compared with last year, and sales of Global Navigation Satellite System (“GNSS”) modules also recorded a growth of three times when compared with last year. The Group has also increased the sales of 4G products with higher selling prices and two of its important ODM projects have started mass shipment in 2015, driving higher growth in annual sales and gross profit. However, despite the growth in sales volume, gross profit margin for the Year has dropped due to the greater reduction in average selling price of module products in the market, especially 2G products, and the higher investment costs for the new 4G products.

As for the market, the IOT market in China has continued to flourish. Its mainstream application markets including wireless Automated Meter Reading (“AMR”), security and surveillance, smart home, IoV, mobile payment POS, smart home electrical appliances and health care sectors have all shown growth to a varying extent. The application terminals in various industries have been upgraded to complement the rapid growth and popularity of 4G technology, which has further facilitated the innovation and continuous growth of the IOT market. Thanks to a comprehensive product series, extensive industry application experience and strategic cooperation with major customers in the industry, the Group was able to maintain its leadership position in the application in IoV, POS, wireless AMR, security and surveillance applications, etc. Regarding the emerging smart home, smart electrical appliances and healthcare markets, the Group has actively developed supporting products and conducted research and development (“R&D”) for terminal products which quickly meet the needs of customers and have achieved outstanding results. These major application markets are expected to see robust growth in the future. In addition, the Group has also increased its efforts in developing tailored projects for major customers in specific industries, thereby assisting customers to speed up R&D in terminal products and save development costs.

無線通訊模塊業務

在本年度內，本集團無線通訊模塊的整體付運量、收入及毛利均錄得增長，有關增長乃由於國內外市場都有不同程度的產品需求增加，在產品方面，3G 模塊的銷量比去年有超過 30% 的增長及全球導航衛星系統（「GNSS」）模塊的銷量是去年的 3 倍；同時，二零一五年增加了單價較高的 4G 模塊的銷售和有兩個重要的 ODM項目實現了大批量出貨，帶動全年銷售額及毛利有較大增長。雖然銷售數量增長較大，但模塊產品的市場平均價下滑幅度比較大，尤其是 2G 產品，同時，新 4G 產品投入費用也較高，導致年度毛利率有所下降。

在市場方面，國內的物聯網市場仍然蓬勃發展，主流應用市場主要包括無線抄表 (AMR)、安防監控、智能家居、車聯網、移動支付 POS、智能家電和健康醫療等有不同程度的增長。配合 4G 技術的快速發展和普及，各個典型行業的應用終端形態也在不斷更新換代，進一步促進了物聯網市場的創新和持續增長。憑藉較完善的產品佇列，較豐富的行業應用經驗和行業大客戶的戰略合作關係，本集團依然保持在車聯網、POS、無線抄表和安防監控等應用上的領先地位。與此同時，在智能家居、智能家電和健康醫療等新興行業上，本集團也積極開發對應的產品和快速配合客戶的終端產品研發，並取得了非常不錯的成績，未來這幾大應用市場將有強勁的增長率。此外。本集團更積極配合個別行業大客戶開發一些深度定制項目，說明客戶加快終端產品的研發速度和節省開發成本。

晨訊科技集團有限公司 二零一五年年報

Chairman’s Statement 主席報告

In overseas markets, Europe has gradually overcome the impact of financial crisis as a result of the change in economic condition. Customers in Western Europe have placed higher recognition on the Group’s 2G modules with a high price-performance ratio and demand has been rising. Customers in Eastern Europe have a strong demand for 3G products while demand for 2G, 3G and GNSS modules has increased substantially in Southeast Asia and Australia, increasing the shipment volume in these regions for more than 50% annually. As for North America, the shipment volume of the Group’s 3G modules was stable and recorded a slight increase. Our SIM7100A 4G module was certified by AT&T and was applied in products by certain customers. The Group is also designing 4G CAT1 modules which meet the requirements set by AT&T, as well as developing the module project in collaboration with Verizon and Sprint. In Japan, certification for 4G modules has been gradually completed and the design work for customers’ terminal products has also commenced. The Group expects these collaborative modules and terminal projects with operators will generate higher revenue in 2016.

IOT business

In recent years, the Group’s big data platform has continued to focus on services for the elderly, as well as in the transportation and security sectors. It has also established an elderly cloud big data service platform, an IoV big data platform and an organisational smart elderly management platform. Currently, the Group has deployed more than 50,000 units of virtual machines used for big data processing, providing all-round cloud computing services for its customers.

In 2015, based on the elderly cloud big data service platform, the Group has introduced the advanced elderly service concept from Sweden. It has implemented and completed the development of the elderly service system of Yiheyuan (頤和苑), a high-end elderly organisation in Shanghai which has received high attention and affirmation from the leaders in the city. The Group has built an Location Based Services (“LBS”) IoV system with several hundred thousand vehicles connected to the system so far. The system can enable the simultaneous connection of up to ten million vehicle terminals and thus effectively lowers the loss rate of vehicles.

在海外市場方面，歐洲區域因受經濟形勢轉變，逐漸擺脫經濟危機的影響，尤其是西歐區域客戶越來越認可我們提供的高性價比 2G 模塊，需求量持續增加，同時，東歐區域客戶的 3G 需求日益強烈及東南亞和澳洲區域的 2G、 3G 及 GNSS 模塊需求都有明顯增長，帶動了這幾個區域的出貨量年增長均超過 50%。北美區域方面，本集團的 3G 模塊仍然在穩定出貨並略有增長。4G 模塊 SIM7100A 已經通過 AT&T 認證並已被一些客戶選用，同時，本集團也在積極設計符合 AT&T 要求的 4G CAT1 模塊。另外，我們也在積極開發和 Verizon 和 Sprint 的模塊項目合作，在日本市場，4G 模塊的認證已經逐漸完成和客戶的終端產品也已展開設計。預計這幾個和運營商的模塊和終端項目，在二零一六年將會帶來較大的商益。

物聯網業務

近幾年，本集團的大數據平台繼續致力於養老、交通、安防等領域的發展，已成功搭建了為老雲大數據服務平台、車聯網大數據平台、機構智能養老管理平台。目前用於大數據處理的虛擬機器部署超過五萬台，為本集團提供全方位的雲計算服務。

二零一五年本集團以為老雲大數據平台為依托，引進瑞典的先進養老理念，成功地實施和完成了上海高端養老機構「頤和苑」的養老工程開發，得到了上海市領導的高度重視和肯定。本集團重點打造的移動定立服務（「LBS」）的車聯網系統，目前接入車輛已達數十萬，並且最高可提供千萬台的車輛終端同時接入，有效地降低了車輛的丟失概率。

SIM Technology Group Limited Annual Report 2015

Chairman’s Statement 主席報告

After two years of development, the Group has enhanced the digital and networking functions of its vending machines by uploading the status and transaction information of vending machines to the cloud platform in real time. With such a comprehensive O2O platform, this business possesses huge development potential. The vending machine operation, maintenance and management platform developed by the Group adopts high performance servers, highly effective program designs and language and a highly functional database and structure model which is able to support up to millions of terminal connections. The platform can assist customers to perform instant management of traditional operations businesses, as well as support various O2O businesses including advertising, online payment and purchase points redemption in loyalty programs.

During the Year under review, the scope of the automatic vending machine business expanded from retail and finance leasing to more areas including beverage trading, vending machine O2O operations and the manufacturing of smart vending machine controllers. This year, the Group’s subsidiary Shanghai Yunhao Trading Limited (“Shanghai Yunhao”) experienced a more rapid business growth when compared to last year. To attract more operators to join its platform, Shanghai Yunhao has broadened its scope by adding the front-end supply chain business for automatic vending machines and the provision of beverage and food wholesale and logistics service during the Year. Despite the volume of wholesale goods recording a greater growth in the Year, the gross profit margin of the new beverage trading and distribution business was relatively lower. As a result, the sales of this business recorded notable growth as compared to last year while its gross profit margin for the Year greatly decreased. Regarding the adjustment in the finance leasing business, the Group shortened the lease period of certain customers and allowed them to buy the automatic vending machines in order to reduce the scale of finance leasing, lower the burden and risks of its assets and concentrate its resources to develop the profitability of its online business in the future.

本集團的自動售賣機，經過前兩年的發展，實現了售賣機的數字化和網路化，把聯網的每一台售賣機的狀態資訊，交易數據實時上傳雲平台，同時把線下到線上各個環節打通，使得該業務具有巨大的發展潛力。本集團開發的自動售賣機運維管理平台，採用高性能的服務器，高效率的程式設計語言，高性能的數據庫及架構模型，可以支援百萬台的終端連接需要。該平台不但可以幫助客戶有效實時管理傳統運營業務，同時也支持廣告、線上支付、積分兌換等各種在線 O2O 業務。

回顧年內，自動售賣機業務內容從零售和融資租賃，擴展到飲料貿易，售賣機線下線上 (O2O) 運營及智能售賣機控制器製造等更多領域。上海雲灝貿易有限公司（「上海雲灝」，本集團附屬公司）今年的業務比去年發展迅速，為吸引更多運營商加入雲貿平台，於年內增加了自動售賣機的前端供應鏈業務、提供飲料和食品批發及物流等服務。年內，儘管商品批發數量增長較大，但新增飲料貿易及配送業務毛利率相對較低，導致此業務的銷售額比去年有大幅度上升，而年度毛利率則大幅下降。其次，融資租賃業務調整方面，本集團把一些客戶租賃期減短及把自動售賣機售後買斷，從而降低部分融資租賃的規模，減少資產的負重及風險，集中資源發展未來在線業務盈利的能力。

晨訊科技集團有限公司 二零一五年年報

Chairman’s Statement 主席報告

Intelligent manufacturing business

In 2015, the Group placed great emphasis on the development of the robotic automation business and officially established the intelligent manufacturing business segment. The Group seamlessly integrated its self-developed standard robot arm and visual system and developed a handset motherboard Printed Circuit Board Assembly (“PCBA”) automatic testing system, which replaced more than ten testing workers. During the Year, the Group completed the equipment upgrade from the first generation to the third generation, further enhancing its priceperformance ratio. Consequently, the system can enhance the quality level while greatly lowering the manufacturing cost of handsets. Currently, the equipment is widely used by the leading handset processing plants in the PRC and has been highly praised in the industry.

During the Year, the Group officially formed the “SIM Intelligent Manufacturing System (“IMS”) manufacturing industry alliance”. The alliance has attracted a group of some non-standard automation integration companies. Through this platform, they can realise their strengths in their respective technology fields and most familiar markets and utilise the shared resources of the platform to grow rapidly. This in turn is facilitating the Group’s intelligent manufacturing business to expand rapidly from the handset manufacturing industry to other new labour-intensive fields, as it transforms from a singleunit intelligent equipment provider to a turnkey total automated solutions restructuring service provider.

The Group aims to comply with the Industry 4.0 and Made in China 2025 strategic directives. With the goal of replacing manpower through automated restructuring, the Group has deployed Process Control System (“PCS”), Manufacturing Execution System (“MES”) and Enterprise Resource Planning (“ERP”) systems in its factories to implement an information management system across the entire manufacturing process, to expedite networking of all equipment and, in turn, making its factories more intelligent and flexible. The Group has formed a team to develop intelligent manufacturing business with the aim to achieve restructuring by utilising intelligent applications in the high-end manufacturing industry. Negotiations with several interested enterprises are underway. At the same time, the Group is accelerating the R&D of its proprietary MES.

智能製造業務

本集團二零一五年大力發展機器人自動化業務，正式建立智能製造業務板塊。由本集團首創的採用機械手臂與視覺完美配合的用於手機主機板印刷電路板裝配 (PCBA) 自動測試設備，成功代替了十幾名測試工人。年內，該設備完成從1代到3代的升級，進一步提升了性價比，在提高了品質水準的同時，大大降低了手機制造成本。目前，國內最大的手機加工廠普遍已採購該套設備，廣受業內好評。

年內，本集團正式成立晨訊智造產業聯盟。採用平台的模式，整合了一批非標自動化集成公司，讓他們在原有的技術領域和最熟悉的市場上發揮自身優勢，利用平台共用資源，迅速發展壯大，從而推動本集團智能製造業務迅速從手機製造業延伸至其他勞動力密集的新領域，從單台智能設備的提供商延伸到整廠、整線的自動化改造服務商。

本集團瞄準工業 4.0 和中國製造 2025 的方向，在實現機器換人自動化改造的基礎上，通過過程控制系統（「PCS」），生產執行系統（「MES」）和企業資源計劃（「ERP」）系統，首先在自己的工廠實現生產全過程信息化和工廠全部設備的高度網路化，工廠實現高度智能化、柔性化。二零一六年建立了智能工廠業務團隊，瞄準高端製造業的智能化改造，目前正在就幾家有意向的企業洽談，並加快研發自有知識產權的 MES。

SIM Technology Group Limited Annual Report 2015

Chairman’s Statement 主席報告

In 2015, the Group specially engaged the world’s top visual analysts and established the SIM IMS research institute to focus on developing proprietary visual and artificial intelligent applications, some of which have been successfully applied in the market.

Display modules business

The Group has decided to reduce the operation scale of this business since 2013 and gradually cleared the inventory, idle materials and equipment production lines. Currently the Group is now procuring display and touch panel module products from external suppliers to meet its internal demand.

Properties development

As at 31 December 2015, Phase I of “The Riverside Country”（晨興•翰林水郡）, which is located in Shenyang City, the PRC, has a total of 404 residential units, of which 389 units had been sold. Phase II has a total of 756 residential units, of which 636 units had been sold. Phase III has a total of 456 residential units, of which 108 units had been sold.

As at 31 December 2015, Phase I of “Seven River in Sweet” （七里香溪）, which is located in Taizhou City, the PRC, has a total of 310 residential units, of which 179 units had been sold. The construction of the Phase II has been started in the second half of year 2015.

The revenue recognised for Year was amounted to HK$161.9 million (2014: HK$211.2 million) with gross profit margin of 15.8% (2014: 21.0%).

二零一五年，本集團專門引進了國際頂尖的視覺分析人才，建立晨訊智造研究院，潛心研發自主知識產權的視覺和人工智能，部分已在市場上成功應用。

顯示模塊

自二零一三年，本集團已決定減少該業務的營運規模，並逐漸清理該業務的庫存、呆滯物料及設備生產線。本集團已向外界供應商採購顯示及觸模屏模塊產品來滿足本集團的內部需求。

物業發展

截至二零一五年十二月三十一日，位於中國瀋陽的「晨興•翰林水郡」第一期共有 404 個住宅單位，其中已出售了共 389 個住宅單位，第二期共有 756 個住宅單位，其中已出售了共 636 個住宅單位，第三期共有 456 個住宅單位，其中已出售了 108 個住宅單位。

截至二零一五年十二月三十一日，位於中國泰州的「七里香溪」項目，第一期工程共有 310 個住宅單位，其中已出售了共 179 個住宅單位。第二期工程已於二零一五年下半年開展。

二零一五年物業發展的銷售額為 161,900,000 港元（二零一四年：211,200,000 港元），毛利率為 15.8%（二零一四年：21.0%）。

晨訊科技集團有限公司 二零一五年年報

Chairman’s Statement 主席報告

PROSPECTS

In the future, the Group will continue to implement its ongoing strategies. As for the handset business, the Group believes the business will maintain steady growth. The size of the consumer handset market is expected to remain unchanged in 2016. At the same time, the consolidation of brands will be further enhanced and the price and market competition will be intensified. The Group will continue to actively strive to secure high-end differentiated customers so as to bring a stable revenue to the handset business. With the continued growth in the IOT and industrial application markets, the Group expects that the industrial applications terminal business will achieve greater growth compared to 2015. Thus, the Group will continue to increase investment in industry terminals and broaden the product range and service scope with the aim to provide more quality products and gain profit. Apart from strengthening close cooperation with the existing consumer and industry customers, the Group will continue to actively explore domestic and international customers with good market prospects and development potential. The Group has begun stringent control over R&D and operating costs of several major industrial customers in the second half of 2015, which is expected to bring a greater contribution to the business performance in the second half of 2016. Regarding the development of overseas markets, the Group will maintain its focus on the economically developed markets such as Europe, America and Japan. Looking ahead to 2016, the Group believes the business of these markets will further expand.

Within the coming three years, the wireless communication module 2G products will remain the core of IOT applications. The Group will continue to enrich its 2G product range and boost competitiveness of its products. As there is still room for growth in the 3G product market, the Group will launch 3G products with a higher price-performance ratio in 2016 while continuously increasing investment in the GNSS products and optimise the product range. 4G module products are the Group’s most important focus and have enormous room for growth. The Group has commenced mass production of several CAT3/CAT4 products and will design CAT4 and CAT1 products with a high price-performance ratio. Meanwhile, it will continue to monitor the evolution of the Narrow Band IOT (“NB-IOT”) technology application trend and continue to enhance its relationship with major domestic and overseas operators. Given the good results and the solid foundation laid in the past years, the Group will still be able to maintain a leading position in the global IOT module application and solutions market.

展望

未來本集團將會繼續執行既定的戰略方針，在手機業務方面，本集團相信該業務將保持平穩增長。預計 2016 年消費類手機市場規模將維持不變，同時品牌集中度將進一步加大，價格和市場競爭會加劇。本集團會繼續積極開拓更多的高端差異化客戶，為手機業務帶來穩定的收益。隨著物聯網和行業應用市場將繼續增長，本集團預料行業應用終端業務相比二零一五年將會有較大幅度增長，本集團將會繼續加大在行業終端方面投入，擴大產品和服務範圍，在提供客戶更多更好產品的同時，取得本集團應有的利潤。除繼續加強跟現有消費類和行業客戶的緊密合作外，本集團將會繼續積極開拓具有良好市場前景和發展潛力的國內和國際大客戶，二零一五年下半年開始的幾個行業大客戶的項目，通過嚴格的研發和運營成本的控制，預計對二零一六年下半年的業績有較大貢獻。在海外市場開拓方面，本集團仍集中在歐洲、美洲和日本等經濟發達市場，展望二零一六年，在這些市場的業務將進一步增長。

未來三年內，預計無線通訊模塊 2G 產品仍然是物聯網應用的主力軍，本集團會持續豐富 2G 產品佇列，並且不斷提高產品競爭力。3G 產品市場還有不少的上升空間，本集團會在 2016 年推出一些性價比更高的 3G 產品，同時繼續加大對 GNSS 產品的投入，並完善產品佇列。4G 模塊產品是本集團的重中之重，未來有巨大的成長空間。本集團現已有一些 CAT3/ CAT4 的產品量產，還會設計一些高性價比的 CAT4 及 CAT1 產品，同時持續關注窄頻物聯網 (NB-IOT) 的技術應用趨勢發展及繼續加強國內外的重大運營商合作。基於過去幾年的良好業績和搭下的扎實基礎，本集團仍會繼續保持在物聯網模塊應用和方案上保持全球市場領先地位。

SIM Technology Group Limited Annual Report 2015

Chairman’s Statement 主席報告

As for the IOT business, the Group will continue to further develop the value-added business within the intelligent automatic vending machine industry, accelerate cooperation within the cloud-based business. It will also step up promotion efforts of the O2O business, confirm the development of the Shanghai Yunhao division and regional branch offices, explore new business cooperation models in the industry and rapidly expand its scale of business. Moreover, the Group will continue to expand the cloud and big data service platform and provide a strong cloud computing service and data to support its self-developed smart home elderly service system, health monitoring systems and vehicle antitheft management systems, and to promote these systems to domestic and overseas markets.

In 2016, the Group is expanding intelligent automation applications in the handset manufacturing business by, firstly, helping customers to implement intelligent applications throughout the whole factory, from automation of motherboard manufacturing to testing of the entire system, the automation of packaging and then the MES for the management of handset manufacturing as well as intelligent warehousing and intelligent logistics and, secondly, speeding up the extension of its business to other fields apart from the handset manufacturing industry. At present, automation and intelligent applications are the shared goals in the PRC’s manufacturing industry. Enhancement of production efficiency, automation and transformation have become urgent needs of all major enterprises. The management expects that 2016 should be a fast-growing period for the intelligent manufacturing business of the Group. Riding on the success of 2015, the Group will continue to increase investment and expedite the pace of development in a bid to drive the intelligent manufacturing business to achieve a few-fold increase and to become one of the Group’s core businesses in the future.

物聯網業務方面，本集團將會繼續加大開發智能自動售賣機行業的增值業務，加快雲貿體系內業務合作及加強在線 (O2O) 業務推廣力度，落實上海雲灝分倉和各地分公司的進程，探索與行業內企業新的合作模式，迅速擴充業務規模。除此之外，本集團將會繼續擴展雲計算和大數據服務平台，並提供有力的雲計算服務和數據支撐本集團自主開發的智能居家養老系統、健康監護系統和車輛防盜管理系統，從而推廣到國內外市場。

二零一六年本集團將拓寬手機製造領域自動化智能化業務。首先是從主板製造自動化到整機測試、包裝自動化，然後是手機生產管理的 MES，再加上智能倉儲智能物流，說明客戶實現整個工廠的智能化。其次是加快向手機製造業以外領域的延伸。當前，中國製造業的自動化、智能化已成為共識，提升產線效率及自動化改造成為各大型企業的迫切要求。管理層堅信，二零一六年將成為本集團智能製造業務的高速發展期。本集團將在二零一五年成功的基礎上，繼續加大投入力度，加快發展速度，力求該項業務額取得數倍增長，成為本集團未來主營業務之一。

晨訊科技集團有限公司 二零一五年年報

Chairman’s Statement 主席報告

The management believes that the Group has identified new growth points and development directions to lay a foundation for its sustainable development. The management is confident that the growth of its new business is set to advance the Group’s business to new heights in the future.

On behalf of the Board, I would like to express my cordial appreciation to all members of the management and the employees for their efforts and dedication throughout the Year. Finally, I would like to thank the financial institutions, Shareholders and investors for their continuous support and confidence in us.

Yeung Man Ying

Chairman

Hong Kong, 24 March 2016

管理層認為，本集團已經找到了新的增長點和發展方向，為可持續發展奠定了基礎，完成了佈局。管理層有信心，未來的幾年新業務的成長必定將本集團的發展推向又一次高峰。

董事會感謝本集團之股東、客戶、供應商、往來銀行及專業顧問對本集團給予支持，本人並為本公司所有員工於本年度內盡忠職守作出貢獻致謝。

楊文瑛

主席

香港，二零一六年三月二十四日

Management’s Discussion and Analysis 管理層討論及分析

SIM Technology Group Limited Annual Report 2015

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晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

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FINANCIAL REVIEW

For the year ended 31 December 2015, the revenue from sale of handsets and solutions, wireless communication modules, display modules, internet of things business and intelligent manufacturing business (“core business”) increased significantly by 41.8% to HK$3,035.4 million (2014: HK$2,141.2 million). The revenue from the sale of residential units in China amounted to HK$161.9 million (2014: HK$211.2 million). The total revenue of the Group for the Year, included revenue of core business and properties development, amounted to HK$3,197.3 million (2014: HK$2,352.4 million).

財務回顧

截至二零一五年十二月三十一日止年度，銷售手機及解決方案、無線通訊模塊、顯示模塊、物聯網業務及智能製造業務（「核心業務」）之收入大幅增加 41.8% 至 3,035,400,000 港元（二零一四年︰2,141,200,000 港元）。來自銷售位於中國之住宅單位之收入為 161,900,000 港元（二零一四年︰211,200,000 港元）。本集團於本年度之總收入（包括核心業務及物業發展的收入）為 3,197,300,000 港元（二零一四年︰ 2,352,400,000 港元）。

The gross profit for core business of the Group for the Year increased substantially by 55.8% year-on-year to HK$400.2 million (2014: HK$256.8 million). The gross profit margin for core business increased to 13.2% (2014: 12.0%). The overall gross profit margin of the Group for the Year was 13.3% (2014: 12.8%).

本集團於本年度之核心業務的毛利按年大幅增加 55.8% 至 400,200,000 港元（二零一四年︰ 256,800,000 港元）。核心業務的毛利率增加至 13.2%（二零一四年：12.0%）。於本年度，本集團整體毛利率為 13.3%（二零一四年： 12.8%）。

As a result of the significant increase in the revenue, the Group achieved a profit attributable to owners of the Company which increased yearon-year by 169.7% to HK$64.6 million (2014: HK$24.0 million) for the Year. The basic earnings per share for the Year was HK2.53 cents (2014: HK0.94 cent).

由於收入大幅增加，於本年度，本集團實現本公司擁有人應佔溢利按年增加 169.7% 至 64,600,000 港元（二零一四年︰24,000,000 港元）。本年度每股基本盈利為 2.53 港仙（二零一四年︰0.94 港仙）。

SIM Technology Group Limited Annual Report 2015

Management’s Discussion and Analysis 管理層討論及分析

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晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

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Research and development expenses

In 2015, the Group focused on the development of IOT and intelligent manufacturing businesses. The number of design and development team members was 820 (2014: 800) in 2015. The R&D expenses, which amounted to HK$148.9 million (2014: HK$144.2 million), represented 4.7% (2014: 6.1%) of the Group’s revenue.

研究及開發費用

於二零一五年，本集團集中在物聯網及智能製造業務的研發，於二零一五年，設計及開發團隊共有 820 名成員（二零一四年：800 名）。研發開支為 148,900,000 港元（二零一四年： 144,200,000 港元），佔本集團收入約 4.7%（二零一四年：6.1%）。

SIM Technology Group Limited Annual Report 2015

Management’s Discussion and Analysis 管理層討論及分析

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Selling and distribution costs

The selling and distribution costs of the Group for the Year increased by 26.3% to HK$128.3 million (2014: HK$101.6 million). The ratio of the selling and distribution costs over revenue in 2015 was 4.0% (2014: 4.3%).

銷售及分銷成本

本集團於二零一五年的銷售及分銷成本增加 26.3% 至 128,300,000 港元（二零一四年： 101,600,000 港元）。於二零一五年，銷售及分銷成本佔收入的比例為 4.0%（二零一四年： 4.3%）。

Administrative expenses

The Group’s administrative expenses for 2015 increased by 19.8% to HK$102.9 million (2014: HK$85.9 million), representing 3.2% (2014: 3.7%) of the revenue.

行政開支

於二零一五年度，本集團的行政開支增加 19.8% 至 102,900,000 港元（二零一四年︰ 85,900,000 港元），佔收入的 3.2%（二零一四年︰3.7%）。

晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

Segment results of core business

核心業務的分類業績

		Year ended	31 December	2015	Year ended	31 December 2014	31 December 2014
		截至二零一五年十二月三十一日止年度			截至二零一四年十二月三十一日止年度
							Gross
				Gross		Gross	profit
			Gross	profit		profit	(loss)
		Revenue	profit	margin	Revenue	(loss)	margin
						毛利	毛利率
		收入	毛利	毛利率	收入	（毛虧）	（毛虧率）
		HK$’M	HK$’M	%	HK$’M	HK$’M	%
		百萬港元	百萬港元	%	百萬港元	百萬港元	%
Handsets and solutions	手機及解決方案	2,043.2	235.8	11.5	1,511.5	160.5	10.6
Wireless communication
modules	無線通訊模塊	638.9	94.7	14.8	557.3	90.8	16.3
Internet of things business	物聯網業務	273.0	42.2	15.5	57.8	13.5	23.4
Intelligent manufacturing
business	智能製造業務	80.3	27.5	34.2	–	–	–
Display modules	顯示模塊	–	–	–	14.6	(8.0)	(54.8)
Total	總計	3,035.4	400.2	13.2	2,141.2	256.8	12.0

Handsets and solutions

During the Year, the Group has seized the opportunities to focus its efforts on differentiated customers and products, enabling it to achieve better results from the handset business. As a result, the revenue for handsets and solutions increased significantly year-on-year by 35.2% to HK$2,043.2 million (2014: HK$1,511.5 million) in 2015. The gross profit margin for this segment increased slightly to 11.5% (2014: 10.6%) in 2015. The revenue of ODM business contributed to approximately 91% of the revenue of this segment in 2015 (2014: 78%).

手機及解決方案

於本年度，本集團抓緊了幾個機會，把主要精力投入差異化的客戶和產品，使手機業務取得較好的業績。因此，二零一五年手機及解決方案的收入按年大幅增加 35.2% 至 2,043,200,000 港元（二零一四年： 1,511,500,000 港元）。二零一五年此分部之毛利率輕微增加至 11.5%（二零一四年： 10.6%）。於二零一五年，ODM 業務收入佔此分部收入約 91%（二零一四年：78%）。

SIM Technology Group Limited Annual Report 2015

Management’s Discussion and Analysis 管理層討論及分析

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Wireless communication modules

During the Year, the Group has recorded growth in revenue and gross profit of wireless communication modules. The growth was attributable to the varying degree of increases in product demand in domestic and overseas markets. However, gross profit margin for the Year has dropped due to the greater reduction in average selling price of module products in the market, especially 2G products, and the higher investment costs for the new 4G products. In 2015, the revenue of this segment increased by 14.6% as compared to that of year 2014, while the gross profit margin decreased to 14.8% (2014: 16.3%).

無線通訊模塊

於本年度，本集團無線通訊模塊的收入及毛利均錄得增長，有關增長乃由於國內外市場都有不同程度的產品需求增加，但模塊產品的市場平均價下滑幅度比較大，尤其是 2G 產品，同時，新 4G 產品投入費用也較高，導致本年度之毛利率下跌年度毛利率有所下降。於二零一五年，此分部的收入較二零一四年增加 14.6%，而毛利率減少至14.8%（二零一四年︰ 16.3%）。

Internet of things business

During the Year, the scope of the automatic vending machine business expanded from retail and finance leasing to beverage trading, as a result, the revenue of this segment increased significantly by 3.7 times as compared to year 2014. Despite the volume of wholesale goods recording a greater growth in the Year, the gross profit margin of the new beverage trading and distribution business was relatively lower. As a result, the gross profit margin of this segment for the Year greatly decreased to 15.5% (2014: 23.4%).

物聯網業務

於本年度，自動售賣機業務內容從零售和融資租賃，擴展到飲料貿易，因此，此分部的收入較二零一四年大幅增加 3.7 倍。儘管商品批發數量於本年度增長較大，但新增飲料貿易及配送業務毛利率相對較低，因此，本年度此分部毛利率大幅減少至 15.5%（二零一四年： 23.4%）。

Intelligent manufacturing business

智能製造業務

本集團於二零一五年度大力發展機器人自動化業務，並正式建立智能製造業務板塊。此新業務板塊本年度的收入為80,300,000港元及毛利率為 34.2%。

晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

LIQUIDITY, FINANCIAL RESOURCES AND CAPITAL STRUCTURE

Liquidity

As at 31 December 2015, the Group had bank balances and cash of HK$298.4 million (31 December 2014: HK$291.8 million), among which 71.6% was held in Renminbi, 28.3% was held in US dollars and the remaining balance was held in Hong Kong dollars. The Group also had pledged bank deposits of HK$102.9 million (31 December 2014: HK$40.9 million) in Renminbi for the purpose of the Group’s US dollars borrowings. The Group intends to finance its working capital and capital expenditure plans from such bank balances. The Group has pledged certain of its assets (including bank deposits, property, plant and equipment, notes receivables and land use rights) to secure the bank borrowings. The total bank borrowings of the Group amounted to HK$333.5 million (31 December 2014: HK$319.0 million), among which 83.5% was denominated in Renminbi and the remaining balance was denominated in US dollars. All of the bank borrowings were at floating interest rates and repayable within one year.

流動資金、財務資源及資本結構

流動資金

於二零一五年十二月三十一日，本集團的銀行結餘及現金為 298,400,000 港元（二零一四年十二月三十一日：291,800,000 港元），其中 71.6% 以人民幣持有，28.3% 以美元持有，其餘則以港元持有。本集團亦就其美元借貸抵押以人民幣計值的銀行存款為 102,900,000 港元（二零一四年十二月三十一日：40,900,000 港元）。本集團擬以該等銀行結餘撥付本集團的營運資金及資本開支計劃所需的資金。本集團已抵押若干資產（包括銀行存款、物業、廠房及設備，應收票據以及土地使用權），作為獲得銀行借貸之擔保。本集團之總銀行借貸為 333,500,000 港元（二零一四年十二月三十一日：319,000,000港元），其中83.5%以人民幣計值，其餘則以美元計值，該借貸全部以浮動利率計息及於一年內償還。

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SIM Technology Group Limited Annual Report 2015

Management’s Discussion and Analysis 管理層討論及分析

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Operating Efficiency

The turnover period of the inventory, trade and notes receivables, trade and notes payables of the Group for the core business are presented below:

營運效率

本集團主營業務之存貨、應收貿易賬款及票據、應付貿易賬款及票據的週轉期呈列如下：

		2015	2014
		二零一五年	二零一四年
		Days	Days
		天	天
Inventory turnover period	存貨週轉期	71	53
Trade and notes receivables period	應收貿易賬款及票據週轉期	33	41
Trade and notes payables period	應付貿易賬款及票據週轉期	64	56

The inventory turnover period increased in 2015 as compared to 2014 because the finished goods to be delivered at the beginning of year 2016 increased significantly as compared to the beginning of year 2015.

由於將在二零一六年初出貨的制成品比二零一五年初大幅增加，因此，二零一五年之存貨週轉期比二零一四年增加。

The trade and notes receivables period decreased in 2015 as compared to 2014 because the trade receivables from a major customer, with shorter credit period, increased in year 2015 as compared to that of year 2014.

由於本集團的主要客戶（其信貸期較短）之應收貿易賬款在二零一五年比二零一四年增加，因此，二零一五年之應收貿易賬款及票據週轉期比二零一四年減少。

晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

The trade and notes payables period increased in 2015 as compared to 2014 because the average balance of trade payables significantly increased in year 2015 as compared to that of year 2014.

由於應付貿易賬款二零一五年之平均結餘比二零一四年增加，因此，二零一五年之應付貿易賬款及票據週轉期比二零一四年增加。

As at 31 December 2015, the current ratio, calculated as current assets over current liabilities, was 1.8 times (31 December 2014: 2.1 times).

於二零一五年十二月三十一日，流動比率（按流動資產對流動負債計算）為 1.8 倍（二零一四年十二月三十一日：2.1 倍）。

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SIM Technology Group Limited Annual Report 2015

Management’s Discussion and Analysis 管理層討論及分析

Treasury Policies

The Group adopts a prudent approach in its treasury policy. The Group’s surplus funds are held under fixed and savings deposits in reputable banks to earn interest income. As at 31 December 2015, the Group has entrusted a total amount of HK$122.0 million under certain asset management agreements for an investment period from six months to two years. During the Year, the Group did not have any other security or capital investments or derivative investments.

庫務政策

本集團採納審慎之庫務政策。本集團之盈餘資金乃存入聲譽良好之銀行作為定期及活期存款，以賺取利息收入。於二零一五年十二月三十一日，本集團已根據若干份投資期為六個月至兩年之資產管理合約委託合共 122,000,000 港元。於本年度，本集團並無任何其他抵押或資本投資或衍生投資。

Certain sales and purchases of inventories of the Group are denominated in US dollars. Furthermore, certain trade receivables, trade payables, bank balances and bank borrowings are denominated in US dollars, therefore exposing the Group to the currency risk of US dollars. During the Year, the Group did not use any financial instrument for hedging purpose but it will consider entering into non-deliverable foreign exchange forward contracts to eliminate the foreign exchange exposures in US dollars when necessary.

本集團若干銷售及購買存貨以美元計值，另本集團若干應收貿易賬款、應付貿易賬款、銀行結餘及銀行借貸以美元計值，本集團因此承受美元貨幣風險。於本年度，本集團無使用任何金融工具作對沖用途，但在需要時會考慮簽訂不交割遠期外匯合約抵銷以美元計值的外匯風險。

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晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

CAPITAL STRUCTURE

As at 31 December 2015, the Company had 2,557,896,300 ordinary shares of HK$0.10 each in issue.

資本結構

截至二零一五年十二月三十一日，本公司已發行 2,557,896,300 股每股面值 0.10 港元之普通股。

The Company has issued 397,800 ordinary shares of HK$0.10 each upon exercise of share options of the Company during the Year.

於本年度，因行使本司購股權，本公司發行了 397,800 股每股面值 0.10 港元之普通股。

Save as disclosed above, no shares of the Company has been issued or repurchased during the Year.

除上述披露者外，於本年度，概無發行或回購本公司之股票。

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SIM Technology Group Limited Annual Report 2015

Management’s Discussion and Analysis 管理層討論及分析

CASH FLOW STATEMENT HIGHLIGHTS

現金流量表摘要

		2015	2014
		二零一五年	二零一四年
		HK$’ million	HK$’ million
		百萬港元	百萬港元
Net cash from operating activities	來自經營活動之現金淨額	161.6	44.6
Capital expenditure	資本開支	(25.4)	(19.2)
Development costs	開發成本	(172.0)	(123.1)
Net increase in bank borrowings	銀行借貸增加淨額	14.6	129.9
Investments in associates	於聯營公司之投資	(4.9)	(1.7)
Net decrease/(increase) in entrusted
loan receivables	應收委託貸款減少╱（增加）淨額	45.4	(41.4)
Proceeds from disposal of machinery
and equipment	出售機器及設備所得款項	2.9	16.3
Deposits received for disposal of an associate	就出售一家聯營公司收取之訂金	8.6	16.3
Others	其他	(3.7)	(15.8)
Net increase in bank balances and cash	銀行結餘及現金增加淨額
(including pledged bank deposits and	（包括已抵押銀行存款
structured deposits)	及結構性存款）	27.1	5.9

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晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

GEARING RATIO

As at 31 December 2015, the total assets value of the Group was HK$3,396.1 million (31 December 2014: HK$3,074.6 million) and the bank borrowings was HK$333.5 million (31 December 2014: HK$319.0 million). The gearing ratio of the Group, calculated as total bank borrowings over total assets, was 9.8% (31 December 2014: 10.4%).

負債比率

於二零一五年十二月三十一日，本集團之資產總值為 3,396,100,000 港元（二零一四年十二月三十一日：3,074,600,000 港元），銀行借貸為 333,500,000 港元（二零一四年十二月三十一日：319,000,000 港元）。本集團之負債比率（按銀行借貸總額除以資產總值計算）為 9.8% （二零一四年十二月三十一日：10.4%)。

EMPLOYEES

As at 31 December 2015, the Group had approximately 2,600 (2014: 2,180) employees. The Group operates a Mandatory Provident Fund retirement benefits scheme for all of its employees in Hong Kong, and provides its PRC employees with welfare schemes as required by the applicable laws and regulations of the PRC. The Group also offers discretionary bonuses and may grant share options under the share option scheme of the Company to its employees by reference to individual performance and the performance of the Group. Total staff costs incurred by the Group amounted to HK$366.8 million (2014: HK$313.2 million) during the Year.

僱員

於二零一五年十二月三十一日，本集團有約 2,600名（二零一四年：2,180名）僱員。本集團為其所有香港僱員設立一項強制性公積金退休福利計劃，並根據中國適用法律及法規之規定向中國僱員提供福利。本集團亦根據僱員個別表現及本集團之表現向僱員提供酌情花紅及根據本公司之購股權計劃授予股權。於本年度，本集團的員工成本總額為366,800,000港元（二零一四年：313,200,000 港元）。

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SIM Technology Group Limited Annual Report 2015

Management’s Discussion and Analysis 管理層討論及分析

EMOLUMENT POLICY

The emolument policy of the employees of the Group is set by the human resources department. The Group seeks to provide remuneration packages on the basis of the merit, qualifications and competence of the employees.

薪酬政策

本集團之僱員薪酬政策由人力資源部釐定。本集團根據僱員之功績、資格及能力而提供薪酬待遇。

The emoluments of the Directors and senior management of the Company are reviewed by the remuneration committee of the Board, having regard to factors including the Group’s operating results, responsibilities of the Directors and senior management and comparable market statistics.

董事及高級管理層之酬金會由本公司薪酬委員會參考本集團經營業績、董事及高級管理層所承擔之責任及可作比較之市場統計數據後進行審閱。

The Company adopted a pre-listing share option scheme (“Pre-IPO Share Option Scheme”) to recognise and reward the contribution of certain Directors and employees of the Group to the growth and development of the Group. The Group also adopted a post-listing share option scheme (“Post-IPO Share Option Scheme”), the primary purpose of which is to motivate the eligible persons referred to in the scheme, which include executive Directors and employees of the Group, to optimise their future contributions to the Group and to reward them for their efforts. Details of the Pre-IPO Share Option Scheme and the Post-IPO Share Option Scheme are set out in note 38 to the consolidated financial statements.

本公司已採納一項首次公開發售前購股權計劃（「首次公開發售前購股權計劃」），以嘉許及獎勵本集團若干對本集團增長及發展作出貢獻的董事及僱員。本集團同時採納另一項上市後購股權計劃（「首次公開發售後購股權計劃」），主要目的為鼓勵計劃所述包括本集團執行董事及僱員在內的合資格人士於日後為本集團帶來最大貢獻，並回報彼等所作出的努力。首次公開發售前購股權計劃及首次公開發售後購股權計劃之詳情載於綜合財務報表附註 38。

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晨訊科技集團有限公司 二零一五年年報

Management’s Discussion and Analysis 管理層討論及分析

FUTURE PLANS FOR MATERIAL INVESTMENT

As at the date of this report, the Group does not have any other plans for material investment or capital assets save as disclosed in this report.

未來重大投資計劃

於本公告日期，除本公告所披露者外，本集團並無任何其他重大投資或資本資產之計劃。

MATERIAL ACQUISITION AND DISPOSAL OF SUBSIDIARIES AND ASSOCIATED COMPANIES

During the Year, the Group did not have any material acquisition or disposal of subsidiaries or associated companies.

重大收購及出售附屬公司及聯營公司

於本年度，本集團並無任何重大收購或出售附屬公司或聯營公司。

CONTINGENT LIABILITIES

As at 31 December 2015, the Group did not have any material contingent liabilities.

或然負債

於二零一五年十二月三十一日，本集團並無任何重大或然負債。

EVENTS AFTER THE REPORTING PERIOD

There were no significant events after the reporting period of the Group.

報告期後事項

本集團於報告期後並無重大事項。

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SIM Technology Group Limited Annual Report 2015

Development Concept of SIM Technology 晨訊科技的發展理念

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晨訊科技集團有限公司 二零一五年年報

Development Concept of SIM Technology 晨訊科技的發展理念

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LONG-TERM DEVELOPMENT CONCEPT

We will continue to strive to create long-term values for our customers, shareholders and employees.

長期發展的理念

我們通過全體員工孜孜不倦地長期奮鬥，為我們的客戶、股東及員工創造長期的價值。

TARGETED AT MARKET LEADERS

Our target is to make the Company the leader in global wireless communication end product solutions and services. All employees of the Group are fully confident in, and are striving for, achieving the target.

世界級企業的目標

我們的目標是：致力於成為全球無線通訊領域終端產品解決方案與服務的世界級企業。集團全體員工始終抱著這個堅定的信念和充足的信心，為實現這一目標而努力。

CUSTOMER-ORIENTED WITH CONTINUOUS INNOVATION

We are customer-oriented. We attend to, in a timely manner, and continue to satisfy customer needs, through continuous innovation in technology and management.

關注客戶，不斷創新

我們強調客戶導向的理念。我們時刻關注客戶的需求，通過不斷的技術創新和管理創新，持續滿足客戶的需求。

BUSINESS FIDELITY AND SUSTAINABLE OPERATION

Fidelity is the Company’s operating principle and standard, thereby we have won confidence from our investors, customers, suppliers, as well as employees.

誠信立業、永續經營

我們以誠信立業，以誠信為企業經營準則，並藉此贏得我們的投資者、客戶、供應商和員工的信任。

SIM Technology Group Limited Annual Report 2015

Care for our Future 關注我們的未來

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MAKING THE WORLD BETTER BECAUSE OF US

With “making the world better because of us” as our corporate vision, the Group aims to provide the world with a light of betterment through our continuous efforts.

讓世界因我們更美好

集團以「讓世界因我們更美好」為企業願景，希望能夠通過我們的不斷努力，為世界增添一份美好。

Support from the community is vital to corporate development, thus giving back is undeniably our corporate responsibility. We are aware of our limited ability, but as long as we do our best in every detail and take up our responsibility, the world will be better because of us.

企業發展離不開社會的支持，所以回報社會是企業義不容辭的責任。我們深知自己能力有限，但只要我們努力去做，用心去做，從小事做起，從身邊的事情做起，盡自己的一份責任，那麼這個世界畢竟會因我們多一份美好。

SUNRISE PEOPLE CHARITY FUND

An organisation established and funded by the employees of the Group for charity purpose. Sunrise People (the employees of the Group) should not only be satisfied with material wealth but should also enrich ourselves spiritually. The Group wishes that more Sunrise People can share our charitable culture and carry it out so as to create a better and more harmonious future together.

晨興人慈善基金

由本集團僱員建立並資助的慈善組織。晨興人（本集團之僱員）除了物質上的財富，還應該有更多精神上的財富。本集團希望有更多的晨興人認同慈善文化，並付諸實踐，大家攜手創造更加美好、和諧的明天。

FOCUSED ON ENVIRONMENTAL PROTECTION

The Group initiated campaigns such as the “Green in Action” and started from every detail to contribute to environmental protection.

注重環境保護

集團發起「綠色在行動」等活動，從點滴做起，為環境保護貢獻自己的力量。

晨訊科技集團有限公司 二零一五年年報

Directors and Senior Management Profile 董事及高級管理人員

DIRECTORS

Ms Yeung Man Ying (“Mrs Wong”), aged 71, is the chairman of the Company and an executive Director and a director of Sunrise Electronic Industry Limited. Mrs Wong is responsible for developing direction and strategies of the Group. Mrs Wong together with her spouse, Mr Wong Cho Tung (“Mr Wong”), an executive Director, was the founder of the Company. Over the years, Mrs Wong and Mr Wong had established a number of companies which engaged in the electronics and telecommunications business including Shanghai Sunrise Simcom Ltd. (“Shanghai Sunrise Simcom”), one of the Group’s main operating subsidiary which was established in November 1993. Mrs Wong has over 20 years of operational and management experience in the electronics and telecommunications industry. Mrs Wong lectured at the Electrical Department of the South China University of Technology in 1977. Mrs Wong has been a guest professor at Tongji University since 2003. Mrs Wong graduated in 1968 from the Beijing University of Aeronautics and Astronautics, specialising in electrical engineering.

Mr Wong Cho Tung (“Mr Wong”), aged 71, is an executive Director and the president of the Group. Mr Wong is responsible for participating in formulation of the direction, strategies and be responsible for the development plan of the new business of the Group. Mr Wong is the chairperson of Shanghai SIM Technology Limited (“Shanghai SIM Technology”), a director of Shanghai Sunrise Simcom and SIM Technology HK Limited (“SIM Technology (HK)”). Mr Wong is also the director of Info Dynasty Group Limited and Intellipower Investments Limited, both of which are the substantial shareholders of the Company. Mr Wong together with his spouse, Mrs Wong, an executive Director, was the founder of the Company. Mr Wong graduated in 1968 from the Beijing University of Aeronautics and Astronautics, specialising in electrical engineering. Mr Wong has decades of experience in the electrical, electronics and telecommunications industry.

董事

楊文瑛女士 （「王太太」），71 歲，本公司主席兼執行董事及晨興電子工業有限公司之董事。王太太負責本集團之發展方向和策略。王太太及其配偶王祖同先生（「王先生」），執行董事，為本公司之創立者。多年來，王太太及王先生成立多家公司，從事電子及通訊業務，包括上海晨興希姆通電子科技有限公司（「上海晨興希姆通」），該公司於一九九三年十一月成立，為本集團主要營運附屬公司之一。王太太於電子及電信業擁有逾 20 年營運及管理經驗。王太太於一九七七年曾任教華南理工大學電子工程學系。自二零零三年起，彼為同濟大學之客席教授。王太太於一九六八年畢業於北京航空航天大學，主修電子工程專業。

王祖同先生 （「王先生」），71 歲，執行董事及本集團總裁。王先生負責參與制定本集團發展方向、策略並負責新業務拓展計劃。王先生為晨訊科技（上海）有限公司（「上海晨訊科技」）主席、上海晨興希姆通及晨訊科技香港有限公司（「香港晨訊科技」）之董事。王先生亦為 Info Dynasty Group Limited 及 Intellipower Investments Limited 之董事，兩者均為本公司主要股東。王先生及其配偶王太太，執行董事，為本公司之創立者。王先生於一九六八年畢業於北京航空航天大學，主修電機工程專業。王先生於電機，電子及電訊業擁有豐富經驗。

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SIM Technology Group Limited Annual Report 2015

Directors and Senior Management Profile 董事及高級管理人員

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Ms Tang Rongrong (“Ms Tang”), aged 62, is an executive Director, vice president of the business operation headquarter (located in Shanghai, PRC) of the Group and a director of Shanghai Sunrise Simcom and Shanghai SIM Technology. Ms Tang has nearly 20 years of experience in human resources management, administration and corporate operation. Prior to joining the Group in 1995, Ms Tang was a physician of 江西省贛州市第一人民醫院(Jiangxi Ganzhou First People’s Hospital) and the head of technology and deputy chief physician of 南昌市計劃生育指導所 (Nanchang Birth Planning Institute). Since then, Ms Tang has served as the manager and deputy general manager of the personnel and administration department of Shanghai Sunrise Simcom. Ms Tang graduated from 贛南醫學專科學校 (Gannan Medical College) in 1978.

Mr Chan Tat Wing, Richard (“Mr Chan”), aged 59, is an executive Director and the chief finance officer of the Group. Mr Chan was qualified as a certified general accountant (CGA) in Canada in 1988. He is a member of the Certified General Accountants Association of Canada. Mr Chan has more than 25 years of financial management experience and has worked as, amongst other positions, the chief finance officer of E-Mice Solutions (HK) Limited and Chinatron Group Holdings Limited, the financial controller of SmarTone Telecommunications Holdings Limited and the finance director of EMI (Hong Kong) Ltd and had also held a financial management position in Merrell Dow Pharmaceuticals (Canada) Inc. Mr Chan obtained a bachelor’s degree in arts from York University, Canada in 1979 and a bachelor’s degree in administrative studies with honours from the same university in 1982. Mr Chan joined SIM Technology (HK) in July 2004.

唐融融女士 （「唐女士」），62 歲，執行董事、本集團業務運營總部（位於中國上海）之副總裁及上海晨興希姆通及上海晨訊科技之董事。唐女士於人力資源管理、行政管理及企業經營方面擁有近20年經驗。於一九九五年加盟本集團之前，唐女士為江西省贛州市第一人民醫院之醫師，並為南昌市計劃生育指導所醫療技術負責人及副總醫師。此後，唐女士於上海晨興希姆通擔任人事管理部經理及副總經理。唐女士於一九七八年於贛南醫學專科學校畢業。

陳達榮先生 （「陳先生」），59 歲，執行董事及本集團之首席財務總監。陳先生於一九八八年成為加拿大註冊會計師。彼為加拿大註冊會計師公會會員。陳先生擁有逾25年財務管理經驗，曾擔任（其中包括）香港億軟信息技術有限公司及中國傳訊控股有限公司之財務總監、數碼通電訊集團有限公司之財務總監及百代唱片有限公司之財務總監，亦於 Merrell Dow Pharmaceuticals (Canada) Inc.擔任財務管理職位。陳先生一九七九年取得加拿大York University文學士學位，並於一九八二年於同一所大學獲頒行政學榮譽學士學位。陳先生於二零零四年七月加入香港晨訊科技。

晨訊科技集團有限公司 二零一五年年報

Directors and Senior Management Profile 董事及高級管理人員

Mr Liu Hong (“Mr Liu”), aged 51, is an executive Director and the chief operating officer of the Group’s business operation headquarter. He is responsible for overseeing the product quality and product delivery processes of the Group. Mr Liu obtained a Bachelor degree of Engineering specialised in electronic engineering at Shanghai Jiao Tong University ( 上海交通大學 ) in July 1986. He also obtained a Master degree of Engineering specialised in communications and electronic systems at ShanghaiTech University ( 上海科技大學 ) in December 1988 and a PhD degree of Engineering specialised in electric field and microwave technology at Shanghai University (上海大學) in July 1999. Mr Liu had worked as a vice general manager in 上海迪比特實業有限公司 (unofficial English translation being Shanghai DBTEL Industry Company Limited) from 2000 to 2006 and a vice general manager in 上海匯眾信息技術有限公司 (unofficial English translation being Shanghai Hui Zhong Information Technology Company Limited) from 2006 to 2007. Mr Liu joined the Group in 2007, and was appointed as an executive Director on 1 March 2013.

Mr Liu Jun , aged 43, is an executive Director (appointed on 4 June 2015) and the chief executive officer of the Group. Mr Liu Jun is fully responsible for the overall management of the Group. Mr Liu Jun graduated with a bachelor’s degree in electronic engineering from 天津大學 (Tianjin University) in 1994 and was awarded a master’s degree in information technology from 南京郵電學院 (unofficial English translation being Nanjing Institute of Post and Telecommunications)(currently known as 南京郵電大學 (Nanjing University of Post and Telecommunications)) in 1997. Mr Liu Jun has extensive experience in the field of telecommunication technology and software programmes development. Prior to joining the Group, Mr Liu Jun has worked for the mobile research and development centre of Motorola in Beijing and was responsible for the development of telecommunication software programmes. Mr Liu Jun has also worked for China Techfaith Wireless Communication Technology Limited, a company listed on the NASDAQ of the United States of America (“US”), from August 2002 to March 2007, in various positions including as a director, chief operating officer and executive senior vice president.

劉泓先生 （「劉先生」），51 歲，執行董事及本集團業務運營總部之首席運營官，負責監控本集團之產品質量與產品交付過程。劉先生於一九八六年七月畢業於上海交通大學，並取得工程學學士學位，主修電子工程。於一九八八年十二月，彼亦獲上海科技大學頒發工程學碩士學位，主修通訊及電子系統，並於一九九九年七月取得上海大學的工程學博士學位，主修電磁場及微波技術。劉先生於二零零零年至二零零六年出任上海迪比特實業有限公司之副總經理，並於二零零六年至二零零七年擔任上海匯眾信息技術有限公司之副總經理。劉先生於二零零七年加入本集團，並於二零一三年三月一日獲委任為執行董事。

劉軍先生 ，43 歲，執行董事（於二零一五年六月四日委任）及本集團之首席執行官，劉軍先生全面負責本集團整體管理。劉軍先生於一九九四年畢業於天津大學，取得電子工程學士學位元，並且於一九九七年取得南京郵電學院（現稱南京郵電大學）資訊技術碩士學位。劉軍先生於通訊技術及軟件程式開發有豐富經驗。於加入本集團前，劉軍先生於摩托羅拉手機北京研發中心負責通訊軟件開發。劉軍先生自二零零二年八月起至二零零七年三月止期間，於美國納斯達克上市公司中國德信無線通訊科技有限公司 (China Techfaith Wireless Communication Technology Limited) 曾擔任董事、首席營運官及高級行政副總裁等不同職位。

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SIM Technology Group Limited Annual Report 2015

Directors and Senior Management Profile 董事及高級管理人員

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Mr Liu Hing Hung (“Mr HH Liu”), aged 53, is an independent non-executive Director, the chairman of the audit committee of the Board and the chairman of the remuneration committee of the Board. Mr HH Liu is a fellow member of the Hong Kong Institute of Certified Public Accountants, the Association of Chartered Certified Accountants and the Taxation Institute of Hong Kong and also a member of the Society of Chinese Accountants and Auditors. Mr HH Liu now runs a professional accountancy firm in Hong Kong and has over ten years of experience in accounting, taxation, auditing and corporate finance. Mr HH Liu was an independent non-executive director of Emperor International Holdings Limited (stock code: 163), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited from September 2004 to August 2015. Mr HH Liu was appointed as an independent non-executive Director in September 2008.

Mr Xie Linzhen (“Mr Xie”), aged 75, is an independent nonexecutive Director. He graduated in 1963 from the Peking University of Physics and is a Professor of Electronics Department of Peking University. Mr Xie has acted as the deputy director of the Telecommunication System and Equipment Department in the Ministry of Electronics Industry, PRC, the deputy director of the IT Product Department in the Ministry of Information Industry, PRC and the standing member of Communication Science and Technology Committee of the Ministry of Industry and Information Technology, PRC (“MIIT”). Mr Xie is currently the vice president of China Mobile Communication Association, the chairman of China Domestic Handset Summit, a member of Electronic Science and Technology Committee of MIIT. From March 2006 to June 2015 he served as the executive director and chief scientist of CECT-Chinacomm Communications Co, Ltd. From October 2010 to March 2015, Mr Xie is also an independent director and audit committee member of UTStarcom, Inc., the securities of which are listed on NASDAQ of the US. Mr Xie was an independent director of Funtalk China Holdings Limited, the securities of which was listed on the NASDAQ of the US (privatized in August 2011). Mr Xie was appointed as an independent non-executive Director in January 2009.

廖慶雄先生 「（廖先生」），現年53歲，為獨立非執行董事、董事會之審核委員會主席及董事會之薪酬委員會主席。廖先生為香港會計師公會、特許公認會計師公會及香港稅務學會之資深會員，亦為香港華人會計師公會會員。廖先生現主理香港一間專業會計師行，彼在會計、稅務、核數及企業融資方面擁有逾十年經驗。廖先生曾於二零零四年九月至二零一五年八月期間為英皇集團（國際）有限公司（股份代號：163）之獨立非執行董事，該公司於香港聯合交易所有限公司主板上市。廖先生於二零零八年九月獲委任為獨立非執行董事。

謝麟振先生 （「謝先生」），75 歲，為獨立非執行董事，於一九六三年畢業於北京大學物理系，為北京大學無線電系教授。謝先生曾任中國電子工業部通信與系統裝備司副司長、中國信息產業部信息產品司副司長及中國工業和信息化部通信科技委常務委員。謝先生現為中國移動通信聯合會副會長、中國國產手機首腦論壇主席及中國工業與信息化部電子科技委委員。從二零零六年三月至二零一五年六月他曾任中電華通通信有限公司之執行董事及首席科學家。謝先生亦於二零一零年十月至二零一五年三月為UT斯達康公司（其證券於美國納斯達克上市）之獨立董事及審核委員會會員。謝先生曾為樂語中國控股有限公司（其證券於美國納斯達克上市並於二零一一年八月私有化）之獨立董事。謝先生於二零零九年一月獲委任為獨立非執行董事。

晨訊科技集團有限公司 二零一五年年報

Directors and Senior Management Profile 董事及高級管理人員

Mr Dong Yunting (“Mr Dong”), aged 70, is an independent non-executive Director. He graduated from the Department of Mathematics of Hangzhou University ( 杭州大學 ) (now part of Zhejiang University) in 1967 and received a master of science degree in computer science at Sun Yat-sen University in 1982. Since 1981, Mr Dong had been teaching in Hangzhou Dianzi University ( 杭州電子科技大學 ) and served as the Head of System Engineering Teaching and Research Section ( 系統工程教研室主任 ) in 1986, the Head of the Department of Management Engineering ( 管理工程系主任 ) in 1988, the Dean of School of Business Administration ( 工商管理學院院長 ) and vice-president of Hangzhou Dianzi University ( 杭州電子科技大學 ) in 1992. From 1989 to 1990, Mr Dong had been engaged in research work at the University of Toronto. Mr Dong was appointed a professor by the Ministry of Mechanical and Electronic Industry ( 機械電子工業部 ) of the PRC in 1993. In February 1997, Mr Dong was appointed as the president of China Electronic Industry Development and Planning Institute ( 中國電子工業發展規劃研究院院長 ). In October 1997, he was appointed the head (leading role) of the Policy and Law Research Office of the Ministry of Electronic Industry ( 電子工業部政策法規研究室主任（正司級）) of the PRC. From 1998 to 2000, he served as the president of China Electronic Planning Institute (電子規劃院院長). Mr Dong was appraised as a doctoral post graduate students tutor ( 博士研究生指導教師 ) by the University of Electronic Science and Technology of China ( 電子科技大學 ) in 2004. Mr Dong is currently the chairman of China Electronics Enterprises Association ( 中國電子企業協會 ) and also a managing vice chairman ( 常務副理事長 ) and legal representative of China Association of Electronics Equipment For Technology Development ( 中國電子裝備技術開發協會 ). Mr Dong had been an independent director of Nantong Fujitsu Microelectronics Co., Ltd. ( 南通富士通微電子股份有限公司 ), a company listed on the Small and Medium Enterprise Board of the Shenzhen Stock Exchange with stock code of 002156, from December 2003 to December 2009. He was the independent director of Nantian Electronics Information Corp, Ltd. ( 雲南南天電子信息產業股份有限公司 ) from 28 December 2007 to 28 December 2013, a company listed on the Main Board of the Shenzhen Stock Exchange with stock code of 000948. He was an independent director of SuperMap Software Co., Ltd. (北京超圖軟件股份有限公司 ), a company listed on the Main Board of the Shenzhen Stock Exchange with stock code of 300036, from 28 April 2008 to 27 April 2014, He is currently an independent director of Tianshui Huatian Technology Co., Ltd. ( 天水華天科技股份有限公司 ), a company listed on the Small and Medium Enterprise Board of the Shenzhen Stock Exchange with stock code of 002185 and an independent director of Xiamen Hongfa Technology Co., Ltd. ( 廈門宏發科技股份有限公司 ), a company listed on the Shanghai Stock Exchange with stock code of 600885. Save as disclosed above, Mr Dong had not held any other directorship in other listed companies in the past three years. Mr Dong was appointed as an independent non-executive Director in June 2011.

董雲庭先生 （「董先生」），70 歲，為獨立非執行董事，於一九六七年畢業於杭州大學（現已併入浙江大學）數學系，並於一九八二年從中山大學獲得計算機科學理學碩士學位。自一九八一年起，董先生於杭州電子科技大學任教並於一九八六年擔任系統工程教研室主任、於一九八八年擔任管理工程系主任、於一九九二年擔任工商管理學院院長及杭州電子科技大學副校長。自一九八九年至一九九零年，董先生於多倫多大學參與研究工作。一九九三年，董先生獲委任為中國機械電子工業部教授。於一九九七年二月，董先生獲委任為中國電子工業發展規劃研究院院長。於一九九七年十月，彼獲委任為中國電子工業部政策法規研究室主任（正司級））。自一九九八年至二零零零年，彼擔任電子規劃院院長。於二零零四年，董先生獲電子科技大學評為博士研究生指導教師。董先生現任中國電子企業協會會長及中國電子裝備技術開發協會常務副理事長兼法人代表。於二零零三年十二月至二零零九年十二月期間，董先生擔任南通富士通微電電子股份有限公司（一間於深圳證券交易所中小企業板塊上市之公司，股份代號：002156）之獨立董事。彼於二零零七年十二月二十八日至二零一三年十二月二十八日任雲南南天電子信息產業股份有限公司（一間於深圳證券交易所主板上市之公司，股份代號：000948）之獨立董事。於二零零八年四月二十八日至二零一四年四月二十七日，彼擔任北京超圖軟件股份有限公司（一間於深圳證券交易所主板上市之公司，股份代號：300036）之獨立董事。彼現任天水華天科技股份有限公司（一間於深圳證券交易所中小企業板塊上市之公司，股份代號： 002185）之獨立董事，及廈門宏發科技股份有限公司（一間於上海證券交易所上市之公司，股份代號： 600885）之獨立董事。除上文披露者外，董先生於過往三年並無於其他上市公司擔任任何董事職務。董先生於二零一一年獲委任為獨立非執行董事。

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SIM Technology Group Limited Annual Report 2015

Directors and Senior Management Profile 董事及高級管理人員

SENIOR MANAGEMENT

Ms Wong Tik (“Ms Wong”), CPA, aged 43, is the company secretary and finance manager of SIM Technology (HK). Ms Wong joined SIM Technology (HK) on 1 April 2005 and is responsible for the financial reporting of the Group. Ms Wong was appointed as the company secretary of the Company (“Company Secretary”) on 29 February 2008. Ms Wong is an associate member of the Hong Kong Institute of Certified Public Accountants and has over 20 years of experience in the field of accounting. Ms Wong obtained the Honours Diploma in Accounting from Hong Kong Shue Yan College in 1995.

高級管理人員

黃荻女士 （「黃女士」）(CPA)，43 歲，本公司之公司秘書及香港晨訊科技之財務經理。黃女士於二零零五年四月一日加入香港晨訊科技，負責本集團之財務報告事宜。黃女士於二零零八年二月二十九日獲委任為本公司之公司秘書（「公司秘書」）。黃女士為香港會計師公會會員及於會計界擁有逾20年經驗。黃女士於一九九五年，取得香港樹仁學院會計學榮譽文憑。

晨訊科技集團有限公司 二零一五年年報

Report of the Directors 董事會報告

The Directors are pleased to present the Group’s annual report and the audited consolidated financial statements for the Year.

PRINCIPAL ACTIVITIES

The Company is an investment holding company. The activities of its subsidiaries are set out in note 43 to the consolidated financial statements.

RESULTS AND APPROPRIATIONS

The results of the Group for the Year are set out in the consolidated statement of profit or loss on page 71.

The Board does not recommend the payment of final dividend to the Shareholders for the Year.

There was no arrangement with any shareholder of the Company under which he/she/it has waived or agreed to waive any dividends.

FINANCIAL SUMMARY

A summary of the results of the Group for the past five financial years ended 31 December 2015 and assets and liabilities of the Group as at 31 December 2011, 2012, 2013, 2014 and 2015 are set out on page 207 of the annual report.

INVESTMENT PROPERTIES, PROPERTY, PLANT AND EQUIPMENT AND LAND USE RIGHTS

Details of the movements in the investment properties, property, plant and equipment and land use rights of the Group during the Year are set out in notes 16, 17 and 18 to the consolidated financial statements respectively.

SHARE CAPITAL

Details of movements in the share capital of the Company during the Year are set out in note 33 to the consolidated financial statements.

PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES

During the Year, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company’s listed securities.

董事欣然提呈本年度之本集團之年報及經審核綜合財務報表。

主要業務

本公司乃一家投資控股公司。各附屬公司之業務載於綜合財務報表附註 43。

業績及分派

本集團截至本年度之業績載於第71頁之綜合損益表。

董事會不建議向股東派發本年度之末期股息。

本公司並無與任何股東訂立其放棄或同意放棄任何股息之安排。

財務概要

本集團於截至二零一五年十二月三十一日止過往五個財政年度之業績概要及本集團於二零一一年、二零一二年、二零一三、二零一四年及二零一五年十二月三十一日之資產與負債載於年報第 207 頁。

投資物業、物業、廠房及設備及土地使用權

本集團投資物業、物業、廠房及設備及土地使用權於本年度之變動詳情分別載於綜合財務報表附註 16、17 及 18。

股本

本公司股本於本年度之變動詳情載於綜合財務報表附註 33。

購回、出售或贖回上市證券

於本年度內，本公司及其任何附屬公司概無購買、出售或贖回本公司任何上市證券。

SIM Technology Group Limited Annual Report 2015

Report of the Directors 董事會報告

TAX RELIEF AND EXEMPTION

The Directors are not aware of any tax relief and exemption available to the Shareholders by reason of their holding of the Company’s securities.

DISTRIBUTABLE RESERVES

The Company’s reserves available for distribution to Shareholders as at 31 December 2015 were approximately HK$71,840,000, being the contributed surplus of approximately HK$193,848,000 and accumulated losses of approximately HK$122,008,000.

Under the Companies Act 1981 of Bermuda (as amended), the contributed surplus account of the Company is available for distribution. However, the Company cannot declare or pay a dividend, or make a distribution out of contributed surplus if:

(a) it is, or would after the payment be, unable to pay its liabilities as they become due; or
(b) the realisable value of its assets would thereby be less than the aggregate of its liabilities and its issued share capital and share premium account.

DIRECTORS AND SERVICE CONTRACTS

The Directors during the Year and as at the date of this report are:

Executive Directors:

Ms Yeung Man Ying (Chairman)

Mr Wong Cho Tung (Chief Executive Officer)

Mr Zhang Jianping

(resigned with effect from 30 May 2015)

Ms Tang Rongrong Mr Chan Tat Wing, Richard Mr Liu Hong Mr Liu Jun

(appointed with effect from 4 June 2015)

Independent non-executive Directors:

Mr Liu Hing Hung Mr Xie Linzhen Mr Dong Yunting

稅項寬減及豁免

董事並不知悉股東因持有本公司證券而享有任何稅項寬減及豁免。

可供分派儲備

本公司於二零一五年十二月三十一日可供分派予股東之儲備約為 71,840,000 港元，即繳入盈餘約 193,848,000 港元加累計虧損約 122,008,000 港元。

根據百慕達一九八一年公司法（經修訂），本公司之繳入盈餘賬可用作分派用途。然而，倘發生下列情況，本公司不可宣派或派付股息，或於繳入盈餘作出分派：

(a) 於作出派付後，其未能或可能未能於債項到期時作出償還；或
(b) 其資產之可變現淨值將因此少於其負債及已發行股本及股份溢價賬之總值。

董事及服務合約

於本年度及截至本報告日期之董事如下：

執行董事：

楊文瑛女士（主席）王祖同先生（首席執行官）張劍平先生（辭任於二零一五年五月三十日起生效）唐融融女士陳達榮先生劉泓先生劉軍先生

（委任於二零一五年六月四日生效）

獨立非執行董事：

廖慶雄先生謝麟振先生董雲庭先生

晨訊科技集團有限公司 二零一五年年報

Report of the Directors 董事會報告

With effect from 30 May 2015, Mr Zhang Jianping resigned as an executive Director. With effect from 4 June 2015, Mr Liu Jun was appointed as an executive Director.

In accordance with the provisions of the Company’s bye-laws (“Byelaws”), Ms Yeung Man Ying, Ms Tang Rongrong and Mr Liu Hong will retire at the forthcoming annual general meeting of the Company (“Annual General Meeting”) and Mr Liu Jun shall only hold office until the forthcoming Annual General Meeting. Each of the aforesaid Directors, being eligible, will offer herself/himself for re-election.

None of the Directors has a service contract with the Company or any of its subsidiaries which is not determinable by the Group within one year without payment of compensation, other than statutory compensation.

Biographical details of the Directors are set out in the “Directors and Senior Management Profile” section of this annual report.

DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS AND SHORT POSITION IN SHARES

As at 31 December 2015, the interests and short positions of the Directors and chief executives of the Company in the shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Cap 571, Laws of Hong Kong) (“SFO”)), as recorded in the register required to be kept by the Company pursuant to section 352 of the SFO, or as otherwise notified to the Company and The Stock Exchange of Hong Kong Limited (“Stock Exchange”) pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers (“Model Code”) as set out in Appendix 10 to the Rules Governing the Listing of Securities on the Stock Exchange (“Listing Rules”), were as follows:

張劍平先生於二零一五年五月三十日辭任執行董事。劉軍先生於二零一五年六月四日獲委任為執行董事。

根據本公司公司章程細則（「公司細則」）之條文，楊文瑛女士、唐融融女士及劉泓先生將於應屆股東週年大會上退任及劉軍先生之任期僅至應屆股東週年大會為止。以上各名董事且合資格並願膺選連任。

概無董事與本公司或其任何附屬公司訂立任何不可於一年內由本集團終止而毋須賠償（法定賠償除外）之服務合約。

董事之履歷詳情載於本年報之「董事及高級管理人員」一節內。

董事及主要行政人員於股份之權益及淡倉

於二零一五年十二月三十一日，董事及本公司主要行政人員於本公司或其任何相關法團之股份、相關股份及債券（定義見證券及期貨條例第 XV 部（香港法例第 571 章）（「證券及期貨條例」））中擁有根據證券及期貨條例第352條記錄於本公司須予備存之登記冊中，或根據載於香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）附錄10中上市發行人董事進行證券交易的標準守則（「標準守則」）須知會本公司及聯交所之權益及淡倉如下：

SIM Technology Group Limited Annual Report 2015

Report of the Directors 董事會報告

(a) Long position in the shares of the Company

(a) 持有本公司股份之好倉

Total number of ordinary shares Underlying of the Company shares of Name of director Nature of interest 本公司 the Company 董事姓名權益性質普通股總數相關股份 Mr Wong Cho Tung Corporate interest_(note 1) 1,209,084,000 王祖同先生公司權益（附註1） Personal interest 3,098,000 個人權益 Total 總數 Ms Yeung Man Ying Corporate interest(note 2)_ 734,857,000 楊文瑛女士公司權益（附註2） Personal interest 3,418,000 個人權益 Total 總數 Ms Tang Rongrong Personal interest – 4,446,000 唐融融女士個人權益 Mr Chan Tat Wing Richard Personal interest – 5,382,000 陳達榮先生個人權益 Mr Liu Hong Personal interest – 1,446,120 劉泓先生個人權益 Mr Liu Jun Personal interest 1,000,000 936,000 劉軍先生個人權益	Approximate percentage of interest in the Company Total 佔本公司權益總數概約百分比 (note 3) （附註3） 1,209,084,000 47.27% 3,098,000 0.12%
	1,212,182,000 47.39%
	734,857,000 28.73% 3,418,000 0.13%
	738,275,000 28.86%
	4,446,000 0.17% 5,382,000 0.21% 1,446,120 0.06% 1,936,000 0.08%

晨訊科技集團有限公司 二零一五年年報

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Report of the Directors
董事會報告
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Notes:

Mr Wong Cho Tung (“Mr Wong”) controls more than one-third of the voting power of Info Dynasty Group Limited (“Info Dynasty”). Mr Wong is therefore deemed to be interested in all the 734,857,000 shares held by Info Dynasty in the Company by virtue of Part XV of the SFO. Both Intellipower Investments Limited (“Intellipower”) and Simcom Limited (“Simcom (BVI)”) are wholly-owned by Mr Wong and he is therefore deemed to be interested in all the 454,227,000 shares and 20,000,000 shares held by Intellipower and Simcom (BVI) respectively in the Company by virtue of Part XV of the SFO respectively.
Ms Yeung Man Ying (“Mrs Wong”), the spouse of Mr Wong, controls more than one-third of the voting power of Info Dynasty. Mrs Wong is therefore deemed to be interested in all the 734,857,000 shares held by Info Dynasty by virtue of Part XV of the SFO.
Calculation of percentage of interest in the Company is based on the issued share capital of 2,557,896,300 shares of the Company as at 31 December 2015.

As at 31 December 2015, save as disclosed above, none of the Directors, chief executives of the Company or their associates had any interests or short positions, whether beneficial or non-beneficial, in the shares, underlying shares or debentures of the Company or any of its associated corporations as recorded in the register required to be kept under section 352 of the SFO, or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code.

EQUITY-LINKED AGREEMENTS

Save as disclosed below, during the Year, the Company has not entered into any equity-linked agreement (as defined in section 6 of the Companies (Directors’ Report) Regulation (Chapter 622D of the Laws of Hong Kong)).

Share option schemes

Particulars of the Company’s share option schemes and details of movements in the share options are set out in note 38 to the consolidated financial statements.

附註：

王祖同先生（「王先生」）控制 Info Dynasty Group Limited （「Info Dynasty」）三分一以上之投票權，根據證券及期貨條例第 XV 部，故王先生被視為擁有 Info Dynasty 所持全部本公司 734,857,000 股股份之權益。由於 Intellipower Investments Limited（「Intellipower」）及 Simcom Limited

（「Simcom (BVI)」）均由王先生全資擁有，根據證券及期貨條例第 XV 部，故彼被視為擁有 Intellipower 及 Simcom (BVI) 所持全部本公司分別 454,227,000 股及 20,000,000 股股份之權益。

楊文瑛女士（「王太太」），王先生之配偶，控制 Info Dynasty 三分一以上之投票權，根據證券及期貨條例第 XV 部，故王太太被視為擁有 Info Dynasty 所持全部本公司 734,857,000 股股份之權益。
根據本公司於二零一五年十二月三十一日之已發行股本 2,557,896,300 股股份計算佔公司權益百分比。

於二零一五年十二月三十一日，除上文所披露者外，並無董事、本公司之主要行政人員或彼等之聯繫人士於本公司或其任何相聯法團之股份、相關股份或債券中，擁有任何根據證券及期貨條例第 352 條記錄於本公司須予備存之登記冊中，或根據標準守則須知會本公司及聯交所之實益或非實益的權益或淡倉。

股票掛鈎協議

除披露如下，在本年度內，本公司沒有訂立任何股票掛鈎協議（其定義在香港法律第 622D 章《公司（董事報告）規例》的第 6 條）。

購股權計劃

本公司購股權計劃之詳情及購股權之變動詳情載於綜合財務報表附註 38。

SIM Technology Group Limited Annual Report 2015

Report of the Directors 董事會報告

ARRANGEMENTS TO PURCHASE SHARES OR DEBENTURES

Other than the option holdings disclosed in note 38 to the consolidated financial statements, at no time during the Year nor at the end of the Year was the Company, its holding company, or any of its subsidiaries or fellow subsidiaries, a party to any arrangements to enable the Directors to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate.

DIRECTORS’ INTERESTS IN CONTRACTS OF SIGNIFICANCE

No contract of significance (as defined in the Listing Rules), to which the Company, its holding company, or any of its subsidiaries or fellow subsidiaries was a party and in which a Director or an entity connected with a Director had a material interest, whether directly or indirectly, subsisted at the end of the Year or at any time during the Year.

MANAGEMENT CONTRACTS

No contract concerning the management and administration of the whole or any substantial part of the business of the Company and the Group was entered into or existed during the Year.

CONTRACT OF SIGNIFICANCE

No contract of significance was entered into by, and/or subsisted between the Company or any of its subsidiaries with the controlling shareholder during the Year; and there is no contract of significance in relation to provision of services by the controlling shareholder or any of its subsidiaries to the Group.

SUBSTANTIAL SHAREHOLDERS OR OTHERS’ INTERESTS IN THE SECURITIES OF THE COMPANY

As at 31 December 2015, the interests or short positions of other persons (other than Directors or chief executives of the Company) in the shares and underlying shares of the Company as recorded in the register required to be kept by the Company pursuant to section 336 of the SFO were as follows:

購買股份或債券之安排

除綜合財務報表附註 38 所披露之購股權權益外，本公司、其控股公司或其任何附屬公司及同系附屬公司概無於本年度任何時間或本年度年年結日訂立任何安排，致使董事可藉購買本公司或任何其他法人團體之股份或債券而獲益。

董事於重要合約之權益

本公司、其控股公司、或其任何附屬公司及同系附屬公司概無訂立於本年度年結日或本年度任何時間有效而董事或與董事有關連的實體於其中直接或間接擁有重大權益之重要合約（定義於上市規則）。

管理層合約

於本年度，概無任何有關本公司及本集團之業務全部或主要部分與管理層或行政人員訂立合約或該等合約存在。

重大合約

本公司或其任何一家附屬公司於年內概無與控股股東簽訂╱存續重大合同；及不存在關於由控股股東向本集團提供服務的重大合同。

主要股東或其他人士於本公司之證券權益

於二零一五年十二月三十一日，在根據證券及期貨條例第 336 條本公司須予備存之名冊所記錄，其他人士（董事或本公司主要行政人員除外）於本公司股份、相關股份及債券中之權益及淡倉如下：

晨訊科技集團有限公司 二零一五年年報

Report of the Directors 董事會報告

Name of shareholder

Name of shareholder Nature of interest 股東姓名權益性質

Info Dynasty (note 2)

Info Dynasty (note 2) Personal interest （附註2）個人權益 Intellipower (note 3) Personal interest （附註3）個人權益

Notes:

Calculation of percentage of interest in the Company is based on the issued share capital of 2,557,896,300 shares of the Company as at 31 December 2015.
The relationship between Info Dynasty and Mr Wong and the relationship between Info Dynasty and Mrs Wong is disclosed under the section headed “Directors’ and Chief Executives’ Interests and Short Position in Shares” above.
The relationship between Intellipower and Mr Wong is disclosed under the section headed “Directors’ and Chief Executives’ Interests and Short Position in Shares” above.

Save as disclosed above, as at 31 December 2015, there is no other substantial shareholders or persons who had any interests or short positions in the shares and underlying shares of the Company as recorded in the register required to be kept under section 336 of the SFO.

INDEPENDENCE OF INDEPENDENT NONEXECUTIVE DIRECTORS

The Company has received, from each of the independent non-executive Directors, an annual confirmation of his independence pursuant to Rule 3.13 of the Listing Rules. The Company considers all of the independent non-executive Directors to be independent.

RETIREMENT BENEFITS SCHEMES

Particulars of the retirement benefits schemes of the Group are set out in note 37 to the consolidated financial statements.

Approximate Total number of percentage of ordinary shares interest in the of the Company Company 於本公司之佔本公司權益普通股股份數目之概約百分比 (Note 1) （附註1）

734,857,000

28.73%

454,227,000 17.76%

附註：

根據本公司於二零一五年十二月三十一日之已發行股本 2,557,896,300 股股份計算佔本公司權益百分比。
Info Dynasty 與王先生之關係及 Info Dynasty 與王太太之關係於以上「董事及主要行政人員於股份之權益及淡倉」一節中披露。
Intellipower 與王先生之關係於以上「董事及主要行政人員於股份之權益及淡倉」一節中披露。

除上文所披露者外，於二零一五年十二月三十一日，概無其他主要股東或人士於本公司股份及相關股份中擁有任何根據證券及期貨條例第 336 條記錄本公司須予備存的登記冊中之權益或淡倉。

委任獨立非執行董事

本公司已收到每位獨立非執行董事根據上市規則第 3.13 條規定就其獨立性發出之年度確認書。本公司認為所有獨立非執行董事均為獨立人士。

退休福利計劃

本集團退休福利計劃之詳情載於綜合財務報表附註 37。

SIM Technology Group Limited Annual Report 2015

Report of the Directors 董事會報告

PRE-EMPTIVE RIGHTS

There are no provisions for pre-emptive rights under the Bye-laws or the laws of Bermuda which would oblige the Company to offer new shares on a pro rata basis to existing Shareholders.

SUFFICIENCY OF PUBLIC FLOAT

At the latest practicable date prior to the issue of this report, based on information that is publicly available to the Company and to the best knowledge of the Directors, the Directors confirmed that the Company has maintained sufficient public float as required under the Listing Rules.

MAJOR CUSTOMERS AND SUPPLIERS

For the Year, the five largest customers accounted for approximately 48.2% of the Group’s total sales and sales attributable to the Group’s largest customer accounted for approximately 20.6% of the Group’s total sales.

For the Year, the five largest suppliers accounted for approximately 28.2% of the Group’s total purchases and purchases attributable to the Group’s largest supplier accounted for approximately 21.9% of the Group’s total purchases.

At no time during the Year did any Director, any close associate of a Director or any Shareholder (which to the knowledge of the Directors owns more than 5% of the Company’s share capital) had an interest in any of the Group’s five largest customers or five largest suppliers.

AUDITOR

The consolidated financial statements for the Year have been audited by Deloitte Touche Tohmatsu who are due to retire and, being eligible, shall offer themselves for re-appointment at the Annual General Meeting.

There has been no change of auditors of the Company in any of the preceding three financial years.

BUSINESS REVIEW

The fair review, financial key performance indicators and indication of future development of the Group for the year ended 31 December 2015 is set out in the sections headed “Chairman’s Statement” and and “Management Discussion & Analysis” in this annual report. That discussion forms part of this report of the Directors.

優先購買權

公司細則或百慕達法例均無載列有關優先購買權之條文，規定本公司須向現有股東按比例配發新股份。

足夠公眾持股量

於發佈本報告前之最後實際可行日期，根據公開途徑所得的資料及就董事所知，董事確認本公司一直維持上市規則所規定的足夠公眾持量。

主要客戶及供應商

截至本年度，本集團五大客戶佔本集團總銷售額約 48.2%，而本集團最大客戶的銷售額則佔本集團總銷售額約 20.6%。

截至本年度，本集團五大供應商佔本集團總採購額約 28.2%，而本集團最大供應商的採購額則佔本集團總採購額約 21.9%。

任何董事、任何緊密聯繫人士或就董事所知擁有本公司股本 5% 以上之任何股東，概無於本年度內任何時間，在本集團五大客戶或五大供應商中擁有任何權益。

核數師

本年度之綜合財務報表已經德勤 • 關黃陳方會計師行審核，彼因任期屆滿應於股東週年大會上退任，但合資格膺選連任。

於前三個財政年度內，本公司核數師概無任何變動。

業務回顧

本集團於截至二零一五年十二月三十一日止年度的中肯審視，財務關鍵表現指標以及未來發展揭示載於本年報中「主席報告」及「管理層討論及分析」一節。該討論構成本董事會報告的組成部份。

晨訊科技集團有限公司 二零一五年年報

Report of the Directors 董事會報告

Principal risks and uncertainties

A number of factors may affect the results and business operations of the Group. Major risks are summarized below.

1. Risks related to the economic slowdown in the PRC:

The PRC’s economy has been growing rapidly in terms of Gross Domestic Product (GDP) for more than three decades since economic reform. Whereas recent indicators demonstrate that economic growth are experiencing slowing down, including less than 7% of GDP growth and even down to around 6% as reported by some agencies. Economic slowdown weakens the stability of both global finance system and foreign exchange market, and also affects consumers’ confidence index and disposable income’s growth. Consumer Price Index (CPI) and Producer Price Index (PPI) keep fluctuating below target value. A weakened consumption sentiment reduces demands for our product directly, and hence affects the Group’s handset ODM business.

2. Risks related to overcapacity suffered in handset ODM business:

In recent years, growth of handset industry in the PRC has been declining with the economic slowdown and diminishing demographic dividend. Therefore, handset market turns from the increment market to the existing market in a short while, and results in merger, winding up, bankruptcy and transfer occuring from time to time among companies upward and downward in the industry chain. One of the most direct reasons attributable to such phenomena is overcapacity, which means too much supply in relative to demand. Meanwhile, production capacity adjustment will inevitably lead to diluted profits, and underlying risks caused by increasing marketing and channels’ cost.

主要風險及不明朗因素

多項因素可能影響本集團業績及業務營運。主要風險概述如下。

1. 中國經濟放緩風險： 中國改革開放三十多年，經濟一直高速發展，國內生產總值（GDP）的增速一直很高。但最近中國經濟出現放緩勢頭， GDP增速已經低於7%，甚至有機構評估說只有6%左右。中國經濟的放緩影響了全球金融的穩定及外匯市場的穩定，同時也影響消費者的信心指數和可支配收入的增長。消費者價格指數（CPI）和生產者價格指數（PPI）一直在目標值的下面波動。消費者的消費意願降低直接影響到本集團產品的客戶需求，從而影響到本集團手機 ODM 主營業務。

2. 主營業務手機ODM產能過剩的風險： 近年來由於中國經濟放緩，中國手機行業增速也在放緩，人口紅利逐漸消失，手機市場迅速由增量市場轉為存量市場。從而導致手機產業鏈上下游企業（含手機 ODM 企業）的兼併，停業，破產，轉讓的現象時有發生。最直接的原因就是產能過剩，供給遠大於需求。壓縮產能的過程必定導致利潤攤薄、營銷及渠道成本的增加等風險。

SIM Technology Group Limited Annual Report 2015

Report of the Directors 董事會報告

3. Risks related to centralized brands:

Compared to lower centralization in the handset industry before, companies with handset brands nowadays incline to expand and strengthen their scale, reduce prices to lower costs by virtue of economy of scale effect, or cover handset hardware’s expense with other income from the internet in order to enhance competitive advantages and market share. Currently, up to 80% to 90% of market share are taken up by top 10 brands. Apple, Samsung, Huawei, Xiaomi, Meizu, OPPO,VIVO, Lenovo, ZTE, Letv, 360, Yulong are not our clients. Our ODM handset business would be affected if our clients’ markets were further squeezed by the further expansion of those brands.

Key Relationships

The Group’s success also depends on the support from key relationships which comprise employees, suppliers and customers.

1. Employees

The Company is committed to value every talent and emphasize that excellent employees are valuable assets for the Company. We pay attention to self-improvement of staff and give them a working environment full of fairness, openness, sincerity, warmth and opportunities. Our competitive remuneration system can also bring long-term and stable return for staff and also take into account the long-term and stable development of the Company. We determine staffs’ remuneration and promotion based on their capacity and contribution to the Group. The Company recognizes staff with outstanding performance and the same values with the Company as valuable assets. We keep trying our best to provide promising career prospect and a platform for them to display their talents fully. Therefore, the Company not only helps our employees to improve their knowledge, skills and experience through performing their own duties, but also create good conditions in facilities and environment suitable for their development. To facilitate the proper allocation of high caliber talents, the Company has set up an employee career development system which focuses on both management and technical skills. Through this system, each outperforming key member can seize such opportunity to improve overall abilities by various ways. The Company aims to create conducive conditions for talents to demonstrate themselves and grow through career, and also build solid team with talents.

3. 手機品牌集中的風險：

以前手機行業的品牌集中度較低，但現在手機品牌公司趨向於把公司做大做強，壓低價格以規模經濟效應降低手機的成本，或以互聯網的其他收入補貼手機硬件費用，增加競爭優勢，提高市佔率。現在前十大手機品牌都佔據了 80~90% 的市場份額。蘋果、三星、華為、小米、魅族、OPPO、VIVO、聯想、中興、樂視、360、宇龍等目前都不是我們的客戶，他們市場份額的進一步擴大將嚴重擠壓我們客戶的市場，進而影響到我們的手機 ODM 業務。

重要關係

本集團的成功亦依賴於僱員、供應商及客戶等重要關係的支持。

1. 僱員

人才為本是企業的核心理念，優秀員工是公司的寶貴財富。我們重視員工的自我發展，為員工提供一個公平、開放、真誠、溫馨且充滿機會的工作環境。我們擁有負責任的、有競爭力的薪酬體系，兼顧公司長期、穩定的發展，同時為員工帶來長期、穩定的回報。我們以能力定薪資，憑貢獻論晉升。公司將認同企業價值觀、績效優良的員工視為公司最寶貴的財富，並致力於為員工提供良好的職業發展前景和施展才華的舞臺。因此，除了幫助員工通過本職工作的歷練和學習，得到知識技能與經驗積累外，公司還將為員工的發展創造良好的軟硬件條件。為促進人才合理配置和發展，公司目前建立了管理與專業技術並重的員工職業生涯發展體系。表現優秀的各類骨幹員工將有機會通過多種途徑得到全方位的能力提升，在推動公司發展的過程中獲得更多的個人發展機會，以事業凝聚人才，以人才成就事業。

晨訊科技集團有限公司 二零一五年年報

Report of the Directors 董事會報告

2. Suppliers

The Company selects and enters into strategic cooperation with suppliers with good reputation in accordance with the principle of mutually beneficial cooperation and international standards such as ISO9001, ISO14001 and OHSAS18001. We use a strict social responsibility management system to manage our suppliers, ensure that the quality of the supplies meet our demands and their production management systems also comply with requirements on environment, occupational health and safety management system as defined in relevant laws and regulations. We also make cost and delivery plans in advance to meet logistic requirements of the Company.

3. Customers

We establish complete management systems in compliance with national standards and abroad, as well as well-known clients’ requirements, which cover product quality, environment, occupational health and safety, information security and product safety management. Through survey on clients’ satisfaction we conduct every year, our clients express their positive feedback on quality, logistics, cost and service. Among our clients all over the world, both new and old well-known clients supervise and inspect each management system of the Company every year. Apart from this, our Company also implements Key Performance Indicator (KPI), internal control scheme, management appraisal program in every aspect. In order to continuously enhance management systems of the Company, we set up a specific department to supervise operation and pass the results to the management on a regular basis to review.

Environmental policies

Environmental protection is not only the responsibility of our business, but the responsibility of each of us. We initiate and strive to minimize our environmental impact by using water saving facilities, saving electricity and encouraging recycle of office supplies and other materials. We also operate in strict compliance with the relevant environmental regulations and rules and possess all necessary permission and approval from the PRC regulators.

2. 供應商

公司選擇行業內信譽良好的供應商進行合作，選擇行業內知名的供應商進行戰略合作，本著會互惠互利的原則，嚴格按照 ISO9001、ISO14001、 OHSAS18001 國際標準篩選認證供應商，嚴格按照企業社會責任管理體系管理供應商，確保供應商提供的物料質量能夠滿足要求，確保供應商的生產管理體系滿足相關環保、職業健康安全管理體系等相關法律法規要求。提前做好供應商成本及交付計劃，滿足公司交付需求。

3. 客戶

我們嚴格按照國內國際知名品牌客戶的要求、按照國內國際標準要求建立質量、環境、職業健康安全、信息安全、產品安全管理體系，每年對客戶滿意度進行調查確認，產品質量、交付、成本、服務都得到了客戶普遍的好評。現在客戶遍及世界各地，每年都有知名新舊客戶對公司各項管理體系進行運行監督檢查，並且公司內部也會按照管理的要求確定各個方面的關鍵績效指標 (KPI) 、內審計劃、管理評審計劃，按照要求進行體系審核，設立專門部門進行監控，將監控結果定期報告公司高層進行檢討，持續改善公司管理體系。

環保政策

環境保護不僅是我們業務的責任，亦是我們每一人的責任。我們通過一系列措施減少我們對環境造成的影響，包括使用節水設施、節約用電及鼓勵辦公耗材的回收利用。我們亦嚴格按照相關的環保規例及規則營運，並持有中國監管部門的一切必要許可及批文。

SIM Technology Group Limited Annual Report 2015

Report of the Directors 董事會報告

Compliance with Laws and Regulations

The Group’s operations are carried out by the Company’s subsidiaries in the PRC while the Company itself is listed on the Hong Kong Stock Exchange. Our operations are regulated by Hong Kong and PRC laws. During the year ended 31 December 2015 and up to the date of this report, we have complied with the relevant laws and regulations that have significant impact to the Group in the PRC and Hong Kong.

Events after the reporting period

There were no significant events after the reporting period of the Group.

On behalf of the Board

Yeung Man Ying

Chairman

Hong Kong

24 March 2016

對法律法規的遵守

本集團的業務營運由本公司在中國的附屬公司進行，而本公司本身則在香港聯交所上市。我們所營運業務受香港及中國法律監管。於截至 2015 年 12 月 31 日止年度以及截至本報告日期止，我們已遵守在中國及香港對本集團具有重大影響的相關法例及規例。

報告期後的事件

本集團於報告期後概無重大事件。

代表董事會

楊文瑛

主席香港

二零一六年三月二十四日

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

The Company’s goal is to continue to increase its transparency to the Shareholders and the public and to maintain a high standard of corporate governance. The principles of corporate governance adopted by the Group emphasise a Board with high quality, sound internal control, transparency, accountability and independence.

COMPLIANCE WITH THE CORPORATE GOVERNANCE CODE

Save as mentioned below, the Company has complied with the code provisions laid down in the Corporate Governance Code (“Corporate Governance Code”) as set out in Appendix 14 to the Listing Rules during the Year.

In respect of code provisions A.5.1 to A.5.4 of the Corporate Governance Code, the Company does not have a nomination committee. At present, the Company does not consider it necessary to have a nomination committee as the full Board is responsible for reviewing the structure, size and composition of the Board and the appointment of new Directors from time to time to ensure that it has a balanced composition of skills and experience appropriate for the requirements of the businesses of the Company, and the Board as a whole is also responsible for assessing the independence of the independent non-executive Directors and reviewing the succession plan for the Directors, in particular the chairman of the Board.

According to the code provision E.1.2 of the Corporate Governance Code, the chairman of the Board shall attend the annual general meeting of the Company and arrange for the chairmen of the audit, remuneration and nomination committees (as appropriate) or in the absence of the chairman of such committees, another member of the committee or failing this, his duly appointed delegate, to be available to answer questions at the annual general meeting.

At the annual general meeting of the Company held on 3 June 2015 (“2015 AGM”), Ms Yeung Man Ying, the chairman of the Board, was unable to attend due to an unexpected business engagement. Mr Chan Tat Wing, Richard, an executive Director and the chief finance officer of the Group, chaired the 2015 AGM on behalf of the chairman of the Board pursuant to the bye-laws of the Company and was available to answer questions. Mr Liu Hing Hung, an independent non-executive Director and the chairman of the remuneration committee of the Board (“Remuneration Committee”) and the audit committee of the Board (“Audit Committee”), was also available at the 2015 AGM to answer questions from Shareholders.

本公司目標為持續提高其對股東及公眾之透明度及保持高標準之企業管治。本集團所採納之企業管治原則著重於高質素之董事會、健全之內部控制、具透明度、問責及具獨立性。

遵守企業管治守則

除下文所述者外，本公司已於本年度遵守上市規則附錄十四所載之企業管治守則（「企業管治守則」）內之守則條文。

就企業管治守則之守則條文第 A.5.1 至 A.5.4 條而言，本公司並未設立提名委員會。由於董事會全體成員負責不時審閱董事會之架構、人數及組成，並委任新董事，以確保董事會由具備配合本公司業務所需技能及經驗之人士組成，加上董事會全體共同負責評估獨立非執行董事之獨立性以及審閱董事（尤其是董事會主席）之繼任計劃，因此本公司認為目前不需設立提名委員會。

根據企業管治守則之守則條文第 E.1.2 條，董事會主席須出席本公司之股東週年大會，及安排審核委員會、薪酬委員會及提名委員會（如合適）之主席或（倘該等委員會主席缺席）委員會其他成員（或如其未能出席時，由其正式指定代表）出席該股東週年大會回答提問。

董事會主席楊文瑛女士由於有未能預料之業務事宜，未能出席本公司於二零一五年六月三日舉行之股東週年大會（「二零一五年股東週年大會」）。根據本公司之章程細則，執行董事兼本集團財務總監陳達榮先生，代表董事會主席主持二零一五年股東週年大會及回答提問。獨立非執行董事兼董事會轄下之薪酬委員會（「薪酬委員會」）及董事會轄下之審核委員會（「審核委員會」）主席廖慶雄先生亦出席二零一五年股東週年大會，並回答股東提問。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

Code Provision of A.2.7 of the Corporate Governance Code requires the chairman of the Board to hold meetings at least annually with the nonexecutive Directors (including independent non-executive Directors) without the executive Directors present.

As Ms Yeung Man Ying, the chairman of the Board, is also an executive Director, the Company has deviated from this code provision as it is not applicable. Currently, the chairman of the Board may communicate with the non-executive Directors on a one-to-one or group basis periodically to understand their concerns, to discuss pertinent issues and to ensure that there is access to adequate and complete information.

THE BOARD

Board functions

The Board is responsible for the promotion of the success of the Company by directing and guiding its affairs in an accountable and effective manner. Board members acknowledge their duty to act in good faith, with due diligence and care, and in the best interests of the Company and its Shareholders.

The types of decisions which are to be taken by the Board include:

setting the Company’s mission and values;
formulating strategic directions of the Company;
reviewing and guiding corporate strategy; setting performance objectives and monitoring implementation and corporate performance;
monitoring and managing potential conflicts of interest of management, Board members; and
ensuring the integrity of the Company’s accounting and financial reporting systems, including the independent audit, and that appropriate systems of control are in place, in particular, systems for monitoring risk, financial control, and compliance with the law.

企業管治守則之守則條文 A.2.7 規定，董事會主席須至少每年在沒有執行董事出席下與非執行董事（包括獨立非執行董事）會面。

由於董事會主席楊文瑛女士亦為執行董事，故本公司已偏離此條並不適用的守則條文。目前，董事會主席可透過單對單或小組會議與非執行董事定期溝通，以了解其關注、討論相關事務及確保可獲得足夠及完備的資料。

董事會

董事會之職能

董事會有責任透過對本公司各事務作出可靠及有效之指導及指引，推動本公司之成功。董事會成員有責任以真誠、盡責、審慎及符合本公司及其股東之最佳利益之方式行事。

須由董事會作出之決定包括：

制定本公司之使命及價值；
規劃本公司之策略方向；
審閱及指引企業策略；設定業績目標及監督實行情況與企業表現；
監督及管理管理層與董事會成員之間潛在利益衝突；及
確保本公司之會計及財務報告制度（包括獨立審核）之完善以及落實適當之控制體系，特別是監控風險、財務控制及合規方面。

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

Board composition and practices

As at 31 December 2015 and the date of this annual report, the Board comprised six executive Directors and three independent non-executive Directors:

Executive Directors:

Ms Yeung Man Ying (Chairman) Mr Wong Cho Tung (President) Ms Tang Rongrong Mr Chan Tat Wing, Richard (Chief Finance Officer)

Mr Liu Hong

Mr Liu Jun (Chief Executive Officer) (Appointed with effect from 4 June 2015)

Independent non-executive Directors:

Mr Liu Hing Hung Mr Xie Linzhen Mr Dong Yunting

Biographical details of the Directors and the relationships among them are set out in the “Directors and Senior Management Profile” section on pages 35 to 40 of this annual report.

Save as disclosed in this annual report, none of the Directors has any connection (including financial, business or family relationship) with each other as required to be disclosed pursuant to Appendix 16 of the Listing Rules.

During the Year, the roles of the chairman, president and the chief executive officer were separated in order to reinforce their respective independence, accountability and responsibility in compliance with the requirement under Code Provision A.2.1 of the Corporate Governance Code. During the Year, the role of the chairman was performed by Ms Yeung Man Ying who was responsible for developing direction and strategies of the Group. During the Year, the role of the president was performed by Mr Wong Cho Tung who was responsible for formulating the direction, strategies and the development plan of the new business of the Group. During the Year, the chief executive officer of the Group was performed by Mr Liu Jun. During his tenure, he took up the responsibility of the overall management of the Group’s product and business planning, including management of product definition, sales, procurement, production and delivery.

董事會之組成及運作

於二零一五年十二月三十一日及本年報日期，董事會由六名執行董事及三名獨立非執行董事組成：

執行董事：

楊文瑛女士（主席）王祖同先生（總裁）唐融融女士陳達榮先生（首席財務總監）劉泓先生劉軍先生（首席執行官）（於二零一五年六月四日委任生效）

獨立非執行董事：廖慶雄先生謝麟振先生董雲庭先生

董事之個人資料詳情及彼此之相互關係載於本年度報告第 35 頁至第 40 頁之「董事及高級管理人員」一節。

除於本年報所披露者外，董事之間概無根據上市規則附錄 16 所需披露的任何關連（包括財務、商務或家庭關係）。

於本年度，按照企業管治守則之守則條文 A.2.1 條之要求，主席、總裁及首席執行官之角色分立，以強化各自之獨立性、問責性及職責。於本年度，主席的角色由楊文瑛女士擔任，負責本集團之發展方向和策略。於本年度，總裁的角色由王祖同先生擔任，負責參與制定本集團發展方向、策略及新業務拓展計劃，首席執行官的角色由劉軍先生擔任，於他的任期中，彼能執行本集團產品及經營規劃，全面管理本集團包括產品定義及銷售，到採購、生產及交付運作管理之職責。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

The independent non-executive Directors contribute to the Company with diversified industry expertise, advise the management on strategy development and ensure that the Board maintains high standards of financial and other mandatory reporting as well as provide adequate checks and balances to safeguard the interests of the Shareholders and the Company as a whole.

Each of the independent non-executive Directors has given a written confirmation to the Company confirming that he has met the criteria set out in Rule 3.13 of the Listing Rules regarding the guidelines for the assessment of independence of non-executive Directors.

The Board delegates specific tasks to the Group’s management including the implementation of strategies and decisions approved by the Board and the preparation of accounts for approval by the Board before public reporting.

Regular Board meetings are scheduled in advance to give all Directors an opportunity to attend. Directors may attend meetings in person or through other means of electronic communication in accordance with the Bye-laws. All Directors are kept informed on a timely basis of major changes that may affect the Group’s businesses, including relevant rules and regulations. Directors shall have full access to information on the Group and are able to obtain independent professional advice whenever deemed necessary by the Directors. No request was made by any Director for such independent professional advice during the Year. The Company Secretary shall prepare minutes and keep records of matters discussed and decisions resolved at all Board meetings, which will be available for inspection by Directors upon request.

獨立非執行董事就策略發展向本公司提供各行業之專業建議及向管理層提供建議，確保董事會保持高標準之財務及其他強制性報告，以及為保障股東及本公司之整體利益提供足夠之控制及制衡。

本公司已收到每位獨立非執行董事就其與本公司之獨立性發出之書面確認，確認彼已符合上市規則第 3.13 條規定所載之標準，內容關於非執行董事之獨立性之評估指引。

董事會授權本集團管理層之特別任務包括執行董事會批准之策略及決策，以及編製賬目，以於公佈前待董事會批准。

董事會之定期會議事先安排召開時間，以使所有董事均有機會出席。根據公司細則，董事可親身或透過其他電子通訊方法出席會議。所有董事均及時獲知會影響本集團業務之重大變動，包括相關規則及規例之變動。董事應可獲得有關本集團之資料，並可在其視為必要時獲得獨立專業建議。於本年度，概無任何董事提出尋求該等獨立專業建議之要求。公司秘書須負責為所有董事會會議編撰會記錄，並保存會上討論之事項所作出決定之記錄，該等紀錄將可供董事隨時查閱。

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

The Board held four meetings and the Company held one general meeting in 2015. The following is the attendance record of each Director at the Board meetings and the general meeting of the Company for the Year:

	Number of general	Number of Board
	meeting attended/	meetings attended/
	Number of general	Number of Board
	meeting held during	meetings held during
Name of Director	director’s tenure	director’s tenure
Ms Yeung Man Ying	0/1	4/4
Mr Wong Cho Tung	0/1	4/4
Mr Zhang Jianping	0/1	1/1
(Resigned with effect from 30 May 2015)
Ms Tang Rongrong	0/1	4/4
Mr Chan Tat Wing, Richard	1/1	4/4
Mr Liu Hong	0/1	4/4
Mr Liu Jun	0/1	3/3
(Appointed with effect from 4 June 2015)
Mr Liu Hing Hung	1/1	4/4
Mr Xie Linzhen	0/1	4/4
Mr Dong Yunting	0/1	4/4

NOMINATION OF DIRECTORS

The Company does not have a nomination committee. The Board is responsible for nominating appropriate person, either to fill in casual vacancy or as an addition to the existing Directors for election by Shareholders at the general meeting of the Company.

As and when circumstances required, the Board will meet to discuss nomination of new Directors. In considering the suitability of a candidate for directorship, the Board will base on objective criteria, with due regard to the benefits of diversity, as set out in the board diversity policy of the Company (“Board Diversity Policy”) as well as the requirements under the Listing Rules.

於二零一五年內，董事會舉行了四次會議及本公司舉行了一次股東大會，以下為各董事於本年度本公司之董事會會議及股東大會之出席紀錄：

	出席股東	出席會議
	大會次數╱	次數╱
	董事任期內舉行	董事任期內
董事姓名	股東大會次數	舉行會議次數
楊文瑛女士	0/1	4/4
王祖同先生	0/1	4/4
張劍平先生	0/1	1/1
(於二零一五年五月三十日辭任生效)
唐融融女士	0/1	4/4
陳達榮先生	1/1	4/4
劉泓先生	0/1	4/4
劉軍先生	0/1	3/3
(於二零一五年六月四日委任生效)
廖慶雄先生	1/1	4/4
謝麟振先生	0/1	4/4
董雲庭先生	0/1	4/4

董事之提名

本公司不設提名委員會。董事會負責提名合適人選填補空缺或作為現有董事以外之新增委任，以供股東於本公司股東大會上選舉。

於情況有需要時，董事會將舉行會議，以討論提名新任董事之事宜。於考慮董事候選人之合適程度時，董事會將基於客觀條件、充分顧及董事會成員多元化（載於本公司董事會多元化政策（「董事會多元化政策」））的裨益，以及根據上市規則之規定作出委任。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

The re-election procedure set out in the Bye-laws provides that one-third of the Directors for the time being (or if their number is not a multiple of three, then the number nearest to but not less than one third) shall retire from office by rotation provided that every Director shall be subject to retirement at least once every three years at each annual general meeting of the Company. A retiring Director shall be eligible for re-election and shall continue to act as a Director throughout the meeting at which he retires. The Directors to retire by rotation will be those who have been longest in office since their last re-election or appointment but as between persons who become or were last re-elected Directors on the same day those retire will (unless they otherwise agree among themselves) be determined by lot.

PERMITTED INDEMNITY PROVISION

During the Year and up to the date of this annual report, permitted indemnity provision (as defined in section 9 of the Companies (Directors’ Report) Regulation (Chapter 622D of the Laws of Hong Kong)) was and is being in force for the benefit of the Directors.

The Company has also arranged for appropriate liability insurance to indemnify its Directors and officers for their liabilities arising out of corporate affairs. The insurance coverage is reviewed annually.

BOARD DIVERSITY POLICY

The Company continuously seeks to enhance the effectiveness of the Board and to maintain the highest standards of corporate governance and recognises and embraces the benefits of diversity in the Board. During the Year, the Board had in place the Board Diversity Policy in accordance with the Corporate Governance Code.

The Company believes that a diversity of perspectives can be achieved through consideration of a number of factors, including skills, regional and industry experience, background, race, gender and other qualities. In informing its perspective on diversity, the Company will also take into account factors based on its own business model and specific needs from time to time.

載於章程細則內之重選之程序訂明，於本公司每屆股東週年大會上，當時三分一之董事（或如其數目並非三之倍數，則以最接近但不少於三分一之數目為準）須輪席告退，惟每名董事須最少每三年告退一次。退任董事符合資格膺選連任，並於其告退之大會期間繼續擔任董事。輪席告退之董事將為自上次重選或獲委任以來在任最久之董事，惟於同一日獲委任或重選為董事之人士而言，將以抽籤方式（除非彼等互相協定）決定應予告退之人士。

獲准許的彌償條文

在本年度內及截至本年報日期，獲准許的彌償條文（其定義在香港法律第622D章《公司（董事報告）規例》的第9條）曾經及正在惠及本公司董事。

本公司已安排適當之責任保險，以就董事及高級行政人員因各種企業事宜產生之責任提供彌償保證。該等保險每年進行檢討。

董事會多元化政策

本公司不斷致力提高董事會之效能，並保持最高水平之企業管治，確認及相信董事會多元化之益處。本年度內，根據企業管治守則之新守則條文，董事會已採納董事會多元化政策。

本公司相信要獲得多元化的觀點，可以從多方面的因素考慮，包括技能、地區與行業經驗、背景、種族、性別及其他特質。在實行多元化方面，本公司亦將根據本身的業務模式及不時之特定需要考慮各種因素。

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

The composition, experience and balance of skills on the Board are regularly reviewed to ensure that the Board retains a core of members with longstanding knowledge of the Group alongside new Director(s) appointed from time to time who bring fresh perspectives and diverse experiences to the Board. Board appointments will continue to be made on a merit basis. The Board will review the Board Diversity Policy on a regular basis to ensure its continued effectiveness.

CORPORATE GOVERNANCE FUNCTIONS

The Board is collectively responsible for performing the corporate governance functions in accordance with code provision D.3.1 of the Corporate Governance Code. During the Year, the Board has reviewed the policies and practices and compliance by the Company and has reviewed and monitored the training and continuous professional development of the Directors.

DIRECTORS’ RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Directors are responsible for overseeing the preparation of the financial statements for each financial period which give a true and fair view of the state of affairs of the Group and of the results and cash flows for that period. In preparing the financial statements, the Directors have selected appropriate accounting policies, applied them consistently, made judgments and estimation that are prudent, fair and reasonable, ensured all applicable accounting standards are followed and prepared the financial statements on a going concern basis. The Directors are also responsible for ensuring that the Group keeps accounting records which disclose with reasonable accuracy at any time the financial position of the Group and which enable the preparation of financial statements in accordance with the applicable accounting standards and regulatory requirements.

董事會定期對成員組合、經驗及技能平衡進行檢討，從而確保董事會保留對本集團有長期認識之核心成員，並不時委任可為董事會帶來新觀點及不同經驗之新董事。董事會將繼續秉持用人唯才之精神。董事會將會定期檢討董事會多元化政策，以求確保其持續有效。

企業管治職能

董事會根據企業管治守則之守則條文第 D.3.1 條共同負責履行企業管治職能。於本年度內，董事會已檢討本公司之企業管治政策及常規以及本公司之合規情況，並已審閱及監察董事培訓及持續專業發展。

董事於財務報表之責任

董事負責監督編製每一財務期間之財務報表。財務報表應真實公平地反映本集團之財務狀況及期間之業績和現金流。編製財務報表時，董事選用適當之會計原則並貫徹執行，作出審慎、公平及合理之判斷及估計，確保採用所有適用之會計準則並採取持續經營基準編製財務報表。董事亦須負責確保本集團保存會計記錄，該等記錄須於任何時間合理準確地披露本集團之財務狀況，並可據此按適用之會計準則及監管規定編製財務報表。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

DIRECTORS’ CONTINUOUS PROFESSIONAL DEVELOPMENT

During the Year, the Company has provided regular updates to the Directors on material changes to regulatory requirements applicable to the Directors and the Company on a timely basis and on the latest business development of the Company. The Directors confirmed that they have complied with code provision A.6.5 of the Corporate Governance Code on directors’ training. During the Year, all Directors namely, Ms Yeung Man Ying, Mr Wong Cho Tung, Mr Zhang Jianping (resigned with effect from 30 May 2015), Ms Tang Rongrong, Mr Chan Tat Wing, Richard, Mr Liu Hong, Mr Liu Jun (appointed with effect from 4 June 2015), Mr Liu Hing Hung, Mr Xie Linzhen and Mr Dong Yunting, have participated in continuous professional development by attending seminars/in-house briefing/reading materials to develop and refresh their knowledge and skills in areas related to their roles, functions and duties of Directors such as corporate governance, regulatory updates and topics related to telecommunications industry.

MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS

The Company has adopted the Model Code as its own code of conduct for dealing in securities of the Company by Directors. Having made specific enquiry of all Directors, all Directors have confirmed that they have complied with the required standard set out in the Model Code for the Year.

REMUNERATION COMMITTEE

The Company has established the Remuneration Committee with written terms of reference of the Remuneration Committee in compliance with the Corporate Governance Code. The Remuneration Committee is responsible for assisting the Board in achieving its goals of providing packages which can attract, retain and motivate Directors with required qualities for running the Company successfully.

董事之持續專業發展

於本年度內，本公司定期適時向董事提提供適用於董事及本公司之規管規定之重大變動之最新資料，並定時向彼等提供有關本公司最新業務發展之資料。董事確認，彼等已遵守企業管治守則之守則條文第 A.6.5 條有關董事培訓之規定。於本年度內，全體董事楊文瑛女士、王祖同先生、張劍平先生（於二零一五年五月三十日辭任生效）、唐融融女士、陳達榮先生、劉泓先生、劉軍先生（於二零一五年六月四日委任生效）、廖慶雄先生、謝麟振先生及董雲庭先生已透過出席研討會╱內部簡報會╱閱讀各種資料之方式參與持續專業發展，以發展及更新有關其作為董事之角色、職能及職責方面之知識及技能，如企業管治、最新監管資料及電信行業相關資料等。

董事進行證券交易之標準守則

本公司已採納標準守則，作為其董事買賣本公司證券的守則條文。經向所有董事作出具體詢問，所有董事均已確認於本年度遵守標準守則所規定之標準。

薪酬委員會

本公司成立一根據企業管治常規守則書面明其職權範圍之薪酬委員會。薪酬委員會之責任是協助董事會制定可吸引、挽留及激勵具備成功運作本公司所需質素之董事所需之薪酬福利組合之目標。

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

The primary duties of the Remuneration Committee include: (i) making recommendations to the Directors on the Company’s policy and structure for all remuneration of Directors and senior management and on the establishment of a formal and transparent procedure for developing policies on such remuneration; (ii) determining the terms of the specific remuneration package of each executive Director and senior management; (iii) reviewing and approving performance-based remuneration by reference to corporate goals and objectives resolved by the Directors from time to time; and (iv) considering and approving the grant of share options to eligible participants pursuant to the share option schemes adopted or to be adopted by the Company. Terms of reference of the Remuneration Committee which have been adopted by the Board are available on the websites of the Company and of the Stock Exchange.

The Remuneration Committee had one meeting in 2015 and had reviewed the remuneration packages of Directors and senior management of the Group. The members and attendance of the meeting are as follows:

	Number of meeting attended/
Name of Director	Number of meeting held
Mr Liu Hing Hung	1/1
Mr Xie Linzhen	1/1
Mr Dong Yunting	1/1
Mr Wong Cho Tung	1/1

No Directors took part in any discussion about his own remuneration.

The Remuneration Committee consists of four members, three of whom are independent non-executive Directors, being Mr Liu Hing Hung, Mr Xie Linzhen and Mr Dong Yunting, and one executive Director being Mr Wong Cho Tung. They have substantial experience in human resources management. The Remuneration Committee is chaired by Mr Liu Hing Hung.

薪酬委員會之主要職責包括：(i) 就本公司董事及高級管理層之所有薪酬政策及結構向董事提供建議，以及制定正式及具透明度之程序以制定有關該等薪酬之政策；(ii)確定每位執行董事及高級管理層人員具體薪酬福利之條款；(iii) 參考董事不時決定之企業目標及宗旨，審閱及批准以表現為本之薪酬；及 (iv) 考慮及批准根據本公司已採納或將採納之購股權計劃向合資格參與者授出購股權。董事會所採納之薪酬委員會之職權範圍可在本公司及聯交所之網站查閱。

薪酬委員會於二零一五年舉行了一次會議，並已審閱本集團董事及高層管理人員的薪酬。該會議之成員及出席之次數如下：

	出席會議次數╱
董事姓名	舉行會議次數
廖慶雄先生	1/1
謝麟振先生	1/1
董雲庭先生	1/1
王祖同先生	1/1

所有董事均沒有參與有關其本身薪酬的討論。

薪酬委員會由四名成員組成，包括三名獨立非執行董事廖慶雄先生、謝麟振先生及董雲庭先生以及一名執行董事王祖同先生。彼等於人力資源管理方面有豐富經驗。薪酬委員會由廖慶雄先生擔任主席。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

Executive Directors, assisted by the Group’s human resources department, are responsible for reviewing all relevant remuneration information and obtaining market conditions in addition to considering the performance of individuals and the profitability of the Group, and proposing to the Remuneration Committee for consideration and approval, remuneration packages for Directors and senior management. Executive Directors, however, do not participate in the determination of their own remuneration.

The primary objective of the remuneration policy on executive remuneration package is to enable the Company to retain and motivate executives in promoting the success of the Group. The remuneration package comprises basic salary, and may include discretionary bonus and/or share options.

Each of the executive Directors is entitled to a basic salary which is subject to review by the Remuneration Committee after such executive Director has completed 12 months of services.

Subject to the recommendation of the Remuneration Committee, the Company may, at its sole discretion, grant share options to executive Directors in accordance with the share option schemes adopted by the Company.

Each of the executive Directors (except Ms Yeung Man Ying and Mr Wong Cho Tung) is entitled to a discretionary bonus as determined by the Remuneration Committee by reference to the performance of the Group and the Director.

Each of Mr Liu Hing Hung, Mr Xie Linzhen and Mr Dong Yunting entered into a letter of appointment with the Company to serve as an independent non-executive Director for one year commencing on the date of appointment and subject to the right of the independent non-executive Director or the Company to terminate the appointment of the independent non-executive Director at any time by giving at least one month’s notice in writing.

執行董事在本集團人事部門協助下負責於考慮個人表現及本集團盈利能力以外，審閱所有相關薪酬資料及獲取市場訊息，並將董事及高級管理層之薪酬福利提呈薪酬委員會考慮及批准。然而，執行董事並不參與其本身薪酬之釐定。

行政人員薪酬福利政策之主要目標是挽留及激勵行政人員，以推動本集團之成功。薪酬福利包括基本薪金、酌情花紅及╱或購股權。

每名執行董事均可獲得基本薪金，惟須於該等執行董事服務十二個月後經薪酬委員會進行檢討。

根據薪酬委員會之建議，本公司可酌情根據本公司採納之購股權計劃授予每名執行董事購股權。

經參考本集團及董事之表現，薪酬委員會決定，每名執行董事（楊文瑛女士及王祖同先生除外）均可獲得酌情花紅。

廖慶雄先生、謝麟振先生及董雲庭先生各人與本公司訂立委任書擔任獨立非執行董事，任期為由委任日起計一年，且獨立非執行董事或本公司均可於任何時間透過發出不少於一個月之通知，終止獨立非執行董事之委任。

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

AUDIT COMMITTEE

The Company has established the Audit Committee with the written terms of reference in compliance with Rule 3.21 of the Listing Rules and code provisions of the Corporate Governance Code. The primary duties of the Audit Committee are to assist the Board to provide an independent review of the effectiveness of the financial reporting process, internal control and risk management system of the Group and oversee the audit process and other duties and responsibilities as assigned by the Board.

The Audit Committee members met twice in 2015 to review with senior management and the Company’s external auditors the internal and external audit findings, the accounting principles and practices adopted by the Group, and Listing Rules and statutory compliance, and discussed auditing, internal controls, risk management and financial reporting matters (including the 2014 annual financial statements and 2015 interim financial statements before recommending them to the Board for approval).

The following is the attendance record of each member at the Audit Committee meetings during the Year:

	Number of meeting attended/
Name of Director	Number of meeting held
Mr Liu Hing Hung	2/2
Mr Xie Linzhen	2/2
Mr Dong Yunting	2/2

The Audit Committee comprises three independent non-executive Directors, namely, Mr Liu Hing Hung, Mr Xie Linzhen and Mr Dong Yunting. The Audit Committee is chaired by Mr Liu Hing Hung who has professional qualifications in accountancy.

The Audit Committee has reviewed the annual report of the Company for the year ended 31 December 2015.

審核委員會

本公司已成立根據上市規則第 3.21 條及企業管治常規守則守則條文書面列明其職權範圍之審核委員會。審核委員會之主要職責是協助董事會就本集團財務報告程序、內部控制及風險管理體系之有效性提供獨立評價，監督審核程序以及董事會委派之其他職責及責任。

審核委員會成員於二零一五年舉行了兩次會議，與高級管理層及本公司之外部核數師共同審閱內部及外部審核結果、本集團採納之會計原則及慣例，以及上市規則及法規之遵守情況，並就有關審核、內部控制、風險管理及財務報告事宜（包括在將二零一四年度財務報表及二零一五年中期財務報表提交董事會批准之前對其進行審閱）進行討論。

以下為各成員於本年度審核委員會會議之出席紀錄：

	出席會議次數╱
董事姓名	舉行會議次數
廖慶雄先生	2/2
謝麟振先生	2/2
董雲庭先生	2/2

審核委員會由三名獨立非執行董事廖慶雄先生、謝麟振先生及董雲庭先生組成。審核委員會由廖慶雄先生擔任主席，彼具有專業會計資格。

審核委員會已審閱本公司截至二零一五年十二月三十一日止年度之年報。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

EXTERNAL AUDITORS

The Audit Committee has reviewed a service plan from Deloitte Touche Tohmatsu regarding their independence and objectivity and had a meeting with Deloitte Touche Tohmatsu, the external auditors of the Company, to discuss the scope of their audit and approve the scope.

The Audit Committee also makes recommendations to the Board on the appointment and retention of the external auditors. For the Year, the Company paid Deloitte Touche Tohmatsu, the external auditors of the Company, HK$1.7 million as audit fees and HK$0.3 million as non-audit fees for reviewing the interim financial report of 2015.

The auditors’ reporting responsibility is set out on pages 69 to 70 of this annual report.

INTERNAL CONTROL

Internal control systems have been designed to allow the Directors to monitor the Group’s overall financial position, safeguard its assets, provide reasonable assurance against fraud and errors, and to manage the risks in failing to achieve the Group’s objectives.

The Group has a defined scope of authority governing activities of the Directors and senior management. Directors monitor the business activities closely and review monthly financial results operations. The Group from time to time updates and improves the internal controls.

The Directors acknowledge that it is their responsibility to maintain effective risk management and internal control system and to review them at regular intervals. The Directors manage risks by strategic planning, appointment of appropriately qualified and experienced personnel at senior management positions, monitoring the Group’s performance regularly, maintaining effective control over capital expenditure and investments, and setting a high standard of code of conduct for employees to follow.

外部核數師

審核委員會已審閱德勤 • 關黃陳方會計師行確認其獨立性及客觀性之服務計劃，並與本公司之外部核數師德勤 • 關黃陳方會計師行舉行會議，討論及批准其審核範圍。

審核委員會亦就委聘及挽留外部核數師向董事會提供建議。本年度，本公司向本公司之外部核數師德勤 • 關黃陳方會計師行支付審計費為 1,700,000 港元及審閱二零一五年中期財務報告之非審計費為 300,000 港元。

核數師之申報職責載於本年報第 69 至 70 頁。

內部控制

內部控制制度是專為讓董事可監控本集團之整體財務狀況、維護其資產、就欺詐及失誤提供合理之擔保，以及管理不能達到本集團目標之風險而設。

本集團就董事及高級管理層之活動有明確界定之授權範圍。董事密切監控業務活動，並每月檢討財務業績營運。本集團會不時更新及改善內部監控。

董事明白維持有效之風險管理及內部控制制度並定期進行檢討是董事會之責任。董事透過策略規劃、委任具有合適資格、有經驗之人員擔任高級管理職位、定期監控本集團之表現、對資本開支與投資保持有效控制及設立供僱員遵循之高標準行為守則，進行風險管理。

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

INTERNAL AUDIT

The internal audit department of the Group is responsible for conducting internal audits of the Group. Internal audits are designed to provide the Board with reasonable assurance that the internal control systems of the Group are effective and the risks associated with the achievement of business objectives are being managed properly. The department also conducts other projects and investigation work as required. The Directors were satisfied that an effective control system had been in operation having reviewed the material controls and all other major components of the internal control system of the Group for the Year.

INVESTOR RELATIONS AND SHAREHOLDERS’ COMMUNICATIONS

The Group promotes investor relations and communications by setting up meetings with the investment community. The Group also responds to requests for information and queries from the investment community by the investor relations personnel.

The Board is committed to provide clear and full information of the Group to Shareholders through sending the Shareholders the Company’s interim and annual reports, circulars, notices, financial reports as and when appropriate and providing additional information to Shareholders in the “Investor Relations” section of the Company’s website.

Annual general meeting of the Company (“Annual General Meeting”) provides a good opportunity for communications between the Board and Shareholders. Shareholders are encouraged to attend the Annual General Meeting. Notice of the Annual General Meeting and related papers are sent to the Shareholders at least 20 clear business days before the meeting and the said notice is also published on the websites of the Stock Exchange and of the Company. The Chairman and Directors will answer questions on the Group’s business at the Annual General Meeting. External auditors will also attend the Annual General Meeting.

Pursuant to rule 13.39(4) of the Listing Rules, any vote of Shareholders at a general meeting must be taken by poll. Therefore, all the resolutions put to the vote at the Annual General Meeting will be taken by way of poll.

內部審核

內部審核部負責對本集團進行審核工作。內部審核的目的是向董事會作出合理的保證，保證本集團的內部監控制度有效以令達成業務目標的有關風險得到適當的管理。如有需要，該部門亦進行其他計劃和調查工作。董事經檢討本集團之重要控制措施及內部監控制度所有其他主要元素後，已信納本年度已運作有效之控制制度。

與投資者之關係及與股東之溝通

本集團透過與投資界召開會議，促進與投資者之關係及溝通。本集團亦透過投資者關係人員對投資界人士索取資料及詢問作出回應。

董事會透過適時向股東寄發本公司之中期報告及年報、通函、通告及財務報告致力向股東提供本集團清晰而全面之資料，本公司亦於本公司網站「投資者關係」一欄向股東提供本公司之其他資料。

本公司之股東週年大會（「股東週年大會」）為促進董事會與股東之溝通提供良機。本公司鼓勵股東出席股東週年大會。股東週年大會通告及有關文件於大會舉行至少二十個完整工作日前向股東寄發，且通告將在聯交所及本公司之網站上刊登，主席及董事將於股東週年大會上就本集團之業務回答提問。外部核數師亦將出席股東週年大會。

根據上市規則第 13.39(4) 條，股東週年大會的任何決議均須以投票方式表決。因此，所有提呈股東週年大會表決之決議案將以舉手方式表決。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

The poll is conducted by the Company’s registrars and the results of the poll will be published on websites of the Stock Exchange and the Company. Financial and other information is made available on the Company’s website and updated regularly. Specific enquiries and suggestions by Shareholders can be sent in writing to the Board or the Company Secretary at the Company’s head office and principal place of business in Hong Kong at Unit 2908, 29th Floor, 248 Queen’s Road East, Wanchai, Hong Kong.

PROCEDURES FOR SHAREHOLDERS TO CONVENE A GENERAL MEETING/PUT FORWARD PROPOSALS

A. Procedures for Shareholders to convene a general meeting

Shareholder(s) holding at the date of deposit of the requisition not less than one-tenth of the paid-up capital of the Company carrying the right of voting at general meetings of the Company shall at all times have the right, by written requisition sent to the Company’s head office and principal place of business in Hong Kong at Unit 2908, 29th Floor, 248 Queen‘s Road East, Wanchai, Hong Kong, for the attention to the Board or the Company Secretary, to require a special general meeting to be called by the Board for the transaction of any business specified in such requisition; and such meeting shall be held within two (2) months after the deposit of such requisition.
The written requisition must state the purposes of the meeting, and must be signed by the Shareholder(s) concerned and may consist of several documents in like form, each signed by one or more of those Shareholder(s).
The requisition will be verified with the Company’s branch share registrar and upon their confirmation that the requisition is proper and in order, the Company Secretary will ask the Board to convene a special general meeting by serving sufficient notice in accordance with the statutory requirements and the Listing Rules to all the registered Shareholders. On the contrary, if the requisition has been verified as not in order, the Shareholder(s) concerned will be advised of this outcome and accordingly, a special general meeting will not be convened as requested.

投票由本公司之股份過戶處主持，其結果於聯交所及本公司網站公佈。財務及其他資料可於本公司網站查閱，並定期更新。股東之具體問題及意見可以書面方式寄往本公司於香港之總辦事處及主要營業地址（地址為香港灣仔皇后大道東 248 號 29 樓 2908 室）寄予董事會或公司秘書。

股東召開股東大會╱提呈建議之程序

A. 股東召開股東大會之程序
在提交要求當日持有本公司繳足股本（賦有權利可在本公司股東大會投票）不少於十分一之股東，有權隨時以書面要求董事會召開股東特別大會，以處理要求內指明之事項，有關要求可寄至本公司於香港之總辦事處及主要營業地址（地址為香港灣仔皇后大道東 248 號 29 樓 2908 室），註明交董事會或公司秘書收；而有關大會須於提交要求後兩 (2) 個月內舉行。
書面要求中必須列明大會的目的，且必須經有關股東簽署，而有關書面要求可由多份格式內容相同，並經由一名或多名有關股東簽署之文件組成。
本公司股份過戶登記分處將核實有關要求，於確認要求為妥為恰當地提出後，公司秘書將要求董事會根據法定規定及上市規則向全體登記股東發出充份通知，藉以召開股東特別大會。相反，倘有關要求經核實為不恰當，有關股東將會被告知相關結果，並因而不會按要求召開股東特別大會。

晨訊科技集團有限公司 二零一五年年報

Corporate Governance Report 企業管治報告

The notice period to be given to all the registered Shareholders for consideration of the proposal raised by the Shareholder(s) concerned at a special general meeting varies according to the nature of the proposal as follows:
at least twenty-one (21) clear days’ and not less than ten (10) clear business days’ notice in writing if the proposal constitutes a special resolution of the Company, which cannot be amended other than to a mere clerical amendment to correct a patent error; and
at least fourteen (14) clear days’ and not less than ten (10) clear business days’ notice in writing if the proposal constitutes an ordinary resolution of the Company.

B. Procedures for Shareholders to make proposals at general meeting other than a proposal of a person for election as Director

The Shareholder(s) holding not less than one-twentieth of the total voting rights of those shareholders having the right to vote at such meeting or not less than one hundred Shareholders, at the expenses of the Shareholder(s) concerned, can submit a written requisition to move a resolution at a general meeting.
The written requisition must state the resolution, accompanied by a statement of not more than 1,000 words with respect to the matter referred to in the proposed resolution, signed by all the Shareholder(s) concerned and may consist of several documents in like form (which between them contain the signatures of all the Shareholder(s) concerned).
The written requisition must be deposited at Unit 2908, 29th Floor, 248 Queen‘s Road East, Wanchai, Hong Kong, the head office and principal place of business of the Company in Hong Kong, for the attention of the Company Secretary not less than six weeks before the meeting in the case of a requisition requiring notice of a resolution and not less than one week in the case of any other requisition.
向全體登記股東發出通知以供考慮相關股東於股東特別大會上所提呈建議之期限因建議性質而異，詳情如下：
－倘建議構成本公司不可修訂之特別決議案（更正明顯錯誤之純粹文書修訂除外），須最少發出二十一 (21)個整日及不少於十(10)個完整營業日之書面通知；及
－倘建議構成本公司之普通決議案，須最少發出十四(14)個整日及不少於十(10)個完整營業日之書面通知。

B. 董事於股東大會作出提名人士參選董事以外建議之程序

股東大會上之決議案可由持有有權於大會投票之股東總投票權不於二十分之一的股東，或不少於百名股東提交書面要求剔除，費由所涉股東承擔。.
書面要求必須列名決議案，連同不超過 1,000字有關所提呈決議案所述事宜的陳述，並由所涉之全體股東簽署，而有關書面要求可由多份格式內容相同之文件

（彙集各份文件後須有所涉全部股東之簽署）組成。

書面要求必須於大會舉行前最少六星期（如有關要求須發出決議案通告）及最少一星期（如為其他要求）交往本公司於香港之總辦事處及主要營業地址（地址為香港灣仔皇后大道東248號29樓2908室），註明交公司秘書收。

SIM Technology Group Limited Annual Report 2015

Corporate Governance Report 企業管治報告

The requisition will be verified with the Company’s branch share registrar and upon their confirmation that the requisition is proper and in order, the Company Secretary will ask the Board to (i) include the resolution in the agenda for the Annual General Meeting; or (ii) convene a special general meeting by serving sufficient notice in accordance with the statutory requirements and the Listing Rules to all the registered Shareholders. On the contrary, if the requisition has been verified as not in order, the Shareholders concerned will be advised of this outcome and accordingly, (i) the proposed resolution will not be included in the agenda for the Annual General Meeting; or (ii) a special general meeting will not be convened as requested.

CONSTITUTIONAL DOCUMENTS

During the Year, the Company had not amended its constitutional documents.

RELATED PARTY TRANSACTIONS

The Board confirms that the related party transactions during the Year as disclosed in note 39 to the consolidated financial statements did not fall under the definition of “connected transactions” nor “continuing connected transactions” (as the case may be) in Chapter 14A of the Listing Rules. The Directors confirm that the Company has, where applicable, complied with the disclosure requirements in accordance with Chapter 14A of the Listing Rules.

本公司股份過戶登記分處將核實有關要求，於確認要求為妥為恰當地提出後，公司秘書將要求董事會 (i) 於股東週年大會議程中加入有關決議案；或 (ii) 根據法定規定及上市規則向全體登記股東發出充份通知，藉以召開股東特別大會。相反，倘有關要求經核實為不恰當，有關股東將會被告知相關結果，並因而 (i) 不會於股東週年大會議程中加入有關決議案；或 (ii) 不會按要求召開股東特別大會。

憲法文件

於本年度，本公司並無修訂其憲法文件。

關連人士交易

董事會確認，綜合財務報表附註 39 所披露於年內進行之關連人士交易並不構成上市規則第十四 A 章所界定之「關連交易」或「持續關連交易」（視情況而定）。董事確認本公司已（如適用）遵守上市規則第十四 A 章之披露規定。

晨訊科技集團有限公司 二零一五年年報

Independent Auditor’s Report 獨立核數師報告

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

TO THE MEMBERS OF SIM TECHNOLOGY GROUP LIMITED

(incorporated in Bermuda with limited liability)

We have audited the consolidated financial statements of SIM Technology Group Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”) set out on pages 71 to 206, which comprise the consolidated statement of financial position as at 31 December 2015, and the consolidated statement of profit or loss, consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

DIRECTORS’ RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS

The directors of the Company are responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with International Financial Reporting Standards and the disclosure requirements of the Hong Kong Companies Ordinance, and for such internal control as the directors determine is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

AUDITOR’S RESPONSIBILITY

Our responsibility is to express an opinion on these consolidated financial statements based on our audit and to report our opinion solely to you, as a body, in accordance with Section 90 of the Bermuda Companies Act, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

致晨訊科技集團有限公司全體股東

（於百慕達註冊成立之有限公司）

本核數師已審核列載於第71至206頁晨訊科技集團有限公司（以下簡稱「貴公司」）及其附屬公司（以下統稱「貴集團」）的綜合財務報表，其中包括於二零一五年十二月三十一日的綜合財務狀況表與截至該日止年度的綜合損益表、綜合損益及其他全面收益表、綜合權益變動表及綜合現金流量表，以及主要會計政策概要及其他附註解釋資料。

董事就綜合財務報表須承擔的責任

本公司董事須負責根據國際財務報告準則及香港《公司條例》的披露規定編製綜合財務報表，以令綜合財務報表作出真實而公平的反映，及落實其認為編製綜合財務報表所必要的內部控制，以使綜合財務報表不存在由於欺詐或錯誤而導致的重大錯誤陳述。

核數師的責任

我們的責任是根據我們的審核對該等綜合財務報表作出意見，並按照百慕達《公司法》第 90 條僅向整體股東報告我們的意見，除此之外本報告別無其他目的。我們不會就本報告的內容向任何其他人士負上或承擔任何責任。我們已根據國際核數準則進行審核。該等準則要求我們遵守道德規範，並規劃及執行審核，以合理確定綜合財務報表是否不存在任何重大錯誤陳述。

SIM Technology Group Limited Annual Report 2015

Independent Auditor’s Report 獨立核數師報告

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation of consolidated financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OPINION

In our opinion, the consolidated financial statements give a true and fair view of the financial position of the Group as at 31 December 2015, and of its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.

Deloitte Touche Tohmatsu

Certified Public Accountants Hong Kong 24 March 2016

審核涉及執行程序以獲取有關綜合財務報表所載金額及披露資料的審核憑證。所選定的程序取決於核數師的判斷，包括評估由於欺詐或錯誤而導致綜合財務報表存在重大錯誤陳述的風險。在評估該等風險時，核數師考慮與該公司編製綜合財務報表以作出真實而公平的反映相關的內部控制，以設計適當的審核程序，但目的並非對公司內部控制的有效性發表意見。審核亦包括評價董事所採用會計政策的合適性及作出會計估計的合理性，以及評價綜合財務報表的整體列報方式。

我們相信，我們所獲得的審核憑證能充足和適當地為我們的審核意見提供基礎。

意見

我們認為，該等綜合財務報表已根據國際財務報告準則真實而公平地反映貴集團於二零一五年十二月三十一日的財務狀況，及截至該日止年度的溢利及現金流量，並已按照香港《公司條例》的披露規定妥為編製。

德勤•關黃陳方會計師行

執業會計師香港二零一六年三月二十四日

晨訊科技集團有限公司 二零一五年年報

Consolidated Statement of Profit or Loss 綜合損益表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes 附註 Revenue 收入 6 Cost of sales 銷售成本 Gross profit 毛利 Other income 其他收入 8 Other gains and losses 其他收益及虧損 9 Research and development expenses 研究及開發費用 Selling and distribution costs 銷售及分銷成本 Administrative expenses 行政開支 Share of results of associates 分佔聯營公司業績 23 Finance costs 融資成本 10 Profit before taxation 除稅前溢利 Taxation 稅項 12 Profit for the year 本年度溢利 13 Profit for the year attributable to: 下列各項應佔盈利： Owners of the Company 本公司股東 Non-controlling interests 非控股權益 Earnings per share (HK cents) 每股盈利（港仙） 15 Basic 基本 Diluted 攤薄	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 3,197,289 2,352,353 (2,771,526) (2,051,264)
	425,763 301,089 94,858 73,932 (35,271) 15,423 (148,866) (144,177) (128,313) (101,582) (102,879) (85,911) (1,261) – (14,381) (8,599)
	89,650 50,175 (19,775) (16,029)
	69,875 34,146
	64,645 23,967 5,230 10,179
	69,875 34,146
	2.53 0.94
	2.51 0.94

SIM Technology Group Limited Annual Report 2015

Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Profit for the year 本年度溢利 Other comprehensive 本年度其他全面（開支）收益 (expense) income Items that may not be subsequently 其後不會重新分類至 reclassified to profit or loss: 損益之項目： Exchange difference arising on 換算至呈列貨幣產生 translation to presentation currency 之匯率差額 Surplus on transfer of land use rights 將土地使用權以及物業、廠房及 and property, plant and equipment 設備轉撥至按公平值入賬 to investment properties at fair value 之投資物業之盈餘 Deferred tax liabilities on surplus on 將土地使用權以及物業、廠房 transfer of land use rights and 及設備轉撥至按公平值入賬 property, plant and equipment to 之投資物業之盈餘 investment properties at fair value 之遞延稅項負債 Total comprehensive 本年度全面（開支）收益總額 (expense) income for the year Total comprehensive (expense) income 下列各項應佔全面（開支）收益總額： attributable to: Owners of the Company 本公司擁有人 Non-controlling interests 非控股權益	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 69,875 34,146
	(91,113) (19,435) – 27,753 – (6,938)
	(91,113) 1,380
	(21,238) 35,526
	(19,277) 27,184 (1,961) 8,342
	(21,238) 35,526

晨訊科技集團有限公司 二零一五年年報

Consolidated Statement of Financial Position 綜合財務狀況表

At 31 December 2015 於二零一五年十二月三十一日

Notes 附註 Non-current assets 非流動資產 Investment properties 投資物業 16 Property, plant and equipment 物業、廠房及設備 17 Land use rights 土地使用權 18 Intangible assets 無形資產 20 Deferred tax assets 遞延稅項資產 21 Finance lease receivables 應收融資租賃 19 Entrusted loan receivables 應收委託貸款 22 Interests in associates 於聯營公司之權益 23 Available-for-sale investments 可供出售投資 24 Consideration receivable 應收代價 40 Current assets 流動資產 Inventories 存貨 25 Finance lease receivables 應收融資租賃 19 Properties under development for sale 發展中的銷售物業 26 Properties held for sale 持作銷售物業 27 Trade and notes receivables 應收貿易賬款及票據 28 Other receivables, deposits 其他應收賬款、 and prepayments 按金及預付款項 28 Consideration receivable 應收代價 40 Amounts due from non-controlling 應收附屬公司 shareholders of subsidiaries 非控股股東款項 28 Entrusted loan receivables 應收委託貸款 22 Pledged bank deposits 已抵押銀行存款 29 Structured deposits 結構性存款 30 Bank balances and cash 銀行結餘及現金 29 Asset classified as held for sale 分類為持作出售之資產 23	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 355,981 363,850 405,976 467,294 91,605 100,154 117,017 76,693 45,487 47,556 3,184 11,146 47,360 – 5,333 1,694 16,875 16,875 1,806 –
	1,090,624 1,085,262
	668,271 354,365 9,954 7,661 227,010 455,948 340,681 95,306 292,356 255,746 254,709 249,897 754 – 8,504 – 74,592 167,315 102,864 40,913 – 41,441 298,386 291,762
	2,278,081 1,960,354 27,384 28,967
	2,305,465 1,989,321

SIM Technology Group Limited Annual Report 2015

Consolidated Statement of Financial Position 綜合財務狀況表

At 31 December 2015 於二零一五年十二月三十一日

Notes 附註 Current liabilities 流動負債 Trade and notes payables 應付貿易賬款及票據 31 Other payables, deposits 其他應付賬款、 received and accruals 已收按金及應計款項 31 Amounts due to non-controlling 應付附屬公司非控股 shareholders of subsidiaries 股東款項 31 Amount due to an associate 應付一間聯營公司款項 31 Bank borrowings 銀行借貸 32 Tax payable 應付稅項 Liability associated with asset 分類為持作出售之 classified as held for sale 負債 23 Net current assets 流動資產淨值 Total assets less current liabilities 總資產減流動負債 Capital and reserves 資本及儲備 Share capital 股本 33 Reserves 儲備 34 Equity attributable to owners of the Company本公司擁有人應佔權益 Non-controlling interests 非控股權益 Total equity 權益總額	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 628,401 406,823 236,260 182,655 46,911 35,140 3,501 – 333,520 318,960 8,229 7,758
	1,256,822 951,336 24,805 16,252
	1,281,627 967,588
	1,023,838 1,021,733
	2,114,462 2,106,995
	255,790 255,750 1,639,989 1,656,261
	1,895,779 1,912,011 102,605 86,443
	1,998,384 1,998,454

晨訊科技集團有限公司 二零一五年年報

Consolidated Statement of Financial Position 綜合財務狀況表

At 31 December 2015 於二零一五年十二月三十一日

Notes 附註 Non-current liabilities 非流動負債 Deferred tax liabilities 遞延稅項負債 21 Deferred income 遞延收入 31	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 63,528 61,401 52,550 47,140
	116,078 108,541
	2,114,462 2,106,995

The consolidated financial statements on pages 71 to 206 were approved by the Board of Directors on 24 March 2016 and are signed on its behalf by:

載於第 71 頁至 206 頁之綜合財務報表已於二零一六年三月二十四日獲董事會批准，並由以下董事代表簽署：

WONG CHO TUNG

王祖同

DIRECTOR 董事

CHAN TAT WING, RICHARD

陳達榮

DIRECTOR 董事

SIM Technology Group Limited Annual Report 2015

Consolidated Statement of Changes in Equity 綜合權益變動表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

At 1 January 2014 於二零一四年一月一日 Profit for the year 本年度溢利 Other comprehensive 本年度其他全面收益 income for the year Total comprehensive income 本年度全面收益 (expense) for the year （開支）總額 Transfer upon the completion 供股完成時轉撥 of Rights Issue Transfer upon forfeiture of 於沒收購股權時轉撥 share options Recognition of equity settled 確認以權益結算之 share-based payments 股份付款 At 31 December 2014 於二零一四年十二月三十一日 Profit for the year 本年度溢利 Other comprehensive expense 本年度其他全面開支 for the year Total comprehensive income 本年度全面收益 (expense) for the year （開支）總額 Issue of new shares upon 於行使購股權時 exercising of share options 發行新股份 Transfer upon exercise of 於行使購股權時轉撥 share options Share options lapsed 購股權失效 Acquisitions of business 收購業務 (note 41a) （附註41a） Incorporation of non-wholly 成立非全資附屬公司 owned subsidiaries Transfer to statutory 轉撥至法定盈餘儲備 surplus reserve Recognition of equity settled 確認以權益結算之 share-based payments 股份付款 At 31 December 2015 於二零一五年十二月三十一日	Attributable to owners of the Company 本公司擁有人應佔 Statutory Share Properties Capital Non- Share Share surplus Other option revaluation redemption Translation Accumulated controlling capital premium reserve reserve reserve reserve reserve reserve profits Total interests Total 法定購股權物業資本非控股股本股份溢價盈餘儲備其他儲備儲備重估儲備贖回儲備換算儲備累計溢利合計權益合計 HK$’000 HK$’000 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千港元千港元 (Note a) (Note b) （附註a）（附註b） 255,750 831,188 27,599 97,091 30,624 82,012 2,282 279,093 275,308 1,880,947 78,101 1,959,048
	– – – – – – – – 23,967 23,967 10,179 34,146 – – – – – 20,815 – (17,598) – 3,217 (1,837) 1,380
	– – – – – 20,815 – (17,598) 23,967 27,184 8,342 35,526
	– – – – – – – – – – – – – – – – (2,130) – – – 2,130 – – – – – – – 3,880 – – – – 3,880 – 3,880
	255,750 831,188 27,599 97,091 32,374 102,827 2,282 261,495 301,405 1,912,011 86,443 1,998,454
	– – – – – – – – 64,645 64,645 5,230 69,875 – – – – – – – (83,922) – (83,922) (7,191) (91,113)
	– – – – – – – (83,922) 64,645 (19,277) (1,961) (21,238) 40 101 – – – – – – – 141 – 141 – 74 – – (74) – – – – – – – – – – – (4,316) – – – 4,316 – – – – – – – – – – – – – 6,075 6,075 – – – – – – – – – – 12,048 12,048 – – 13,024 – – – – – (13,024) – – – – – – – 2,904 – – – – 2,904 – 2,904
	255,790 831,363 40,623 97,091 30,888 102,827 2,282 177,573 357,342 1,895,779 102,605 1,998,384

晨訊科技集團有限公司 二零一五年年報

Consolidated Statement of Changes in Equity 綜合權益變動表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes:

(a) As stipulated by the relevant laws and regulations of the People’s Republic of China (“PRC”), before distribution of the net profit each year, the subsidiaries established in the PRC shall set aside 10% of their net profit after taxation for the statutory surplus reserve fund (except where the reserve has reached 50% of the subsidiaries’ registered capital). The reserve fund can only be used, upon approval by the board of directors of the relevant subsidiaries and by the relevant authority, to offset accumulated losses or increase capital.
(b) Other reserve is arisen from the reorganisation in preparation for the listing of the Company’s shares on the Main Board of The Stock Exchange of Hong Kong Limited.

附註:

(a) 誠如中華人民共和國（「中國」）法律及法規之規定，於中國成立之附屬公司每年須於派發淨溢利之前撥出其稅後淨溢利 10%作為法定盈餘儲備金（儲備達致附屬公司註冊資本50%情況下除外）。該等儲備金僅可用於抵銷累計虧損或增加資本，惟須獲得相關附屬公司董事會及相關主管機構之批准。
(b) 為籌備本公司股份於香港聯合交易所有限公司主板上市而進行重組產生之其他儲備。

SIM Technology Group Limited Annual Report 2015

Consolidated Statement of Cash Flows 綜合現金流量表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes 附註 OPERATING ACTIVITIES 經營活動 Profit before taxation 除稅前溢利 Adjustments for: 就下列項目作出調整： Finance costs 融資成本 Depreciation and amortisation 折舊及攤銷 Loss (gain) on disposal of property, 出售物業、廠房及 plant and equipment 設備之虧損（收益） Gain on disposal of a subsidiary 出售一間附屬公司之收益 Share-based payments expense 以股份付款開支 Allowance for bad and doubtful debts 呆壞賬撥備 Share of results of associates 應佔聯營公司業績 Reversal of allowance of inventories 存貨撥備撥回 Impairment loss recognised in respect 就物業、廠房及設備確認之 of property, plant and equipment 減值虧損 Changes in fair values of 投資物業公平值變動 investment properties Interest income 利息收入 Operating cash flows before movements 營運資金變動前之 in working capital 經營現金流量 Increase in inventories 存貨增加 Increase in properties under development 發展中的銷售物業及 for sales and properties held for sales 持作出售物業增加 Increase in trade and notes receivables 應收貿易賬款及票據增加 (Increase) decrease in other receivables, 其他應收賬款、按金及 deposits and prepayments 預付款項（增加）減少 Decrease (increase) in 應收融資租賃減少（增加） finance lease receivables Increase in trade and notes payables 應付貿易賬款及票據增加 Increase (decrease) in other payables, deposits 其他應付賬款、已收按金、 received and accruals and deferred income 應計款項及遞延收入增加（減少） Cash generated from operations 來自經營之現金 Interest received 已收利息 PRC tax paid 已付中國稅項 NET CASH FROM OPERATING ACTIVITIES 來自經營活動之現金淨額	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 89,650 50,175 14,381 8,599 192,354 183,442 2,402 (4,146) (2,186) – 2,904 3,880 603 – 1,261 – – (12,876) 4,305 – (13,210) (11,103) (19,651) (16,315)
	272,813 201,656 (329,380) (145,737) (43,063) (54,112) (34,453) (26,926) (18,108) 61,799 5,669 (18,807) 241,546 79,631 60,430 (62,586)
	155,454 34,918 19,651 16,315 (13,515) (6,667)
	161,590 44,566

晨訊科技集團有限公司 二零一五年年報

Consolidated Statement of Cash Flows 綜合現金流量表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes 附註 INVESTING ACTIVITIES 投資活動 Purchases of property, plant and equipment 購買物業、廠房及設備 Proceeds from disposal of property, 出售物業、廠房及設備 plant and equipment 所得款項 Development costs paid 已付開發成本 Placement of pledged bank deposits 存入已抵押銀行存款 Withdrawal of pledged bank deposits 提取已抵押銀行存款 Investments in associates 於聯營公司之投資 Investment in entrusted loan receivables 於應收委託貸款之投資 Receipt of entrusted loan receivables 收取應收委託貸款 Withdrawal (placement) of structured deposits 提取（存入）結構性存款 Net cash inflow (outflow) on acquisition 收購業務之現金流入（流出）淨額 of business 41 Injection from non-controlling shareholders 附屬公司之非控股股東注資 of subsidiaries Deposits received for disposal of an associate 已收出售一間聯營公司之按金 Net cash outflow on disposal of a subsidiary 出售一間附屬公司現金流出淨額 40 NET CASH USED IN INVESTING ACTIVITIES 用於投資活動之現金淨額 FINANCING ACTIVITIES 融資活動 New bank borrowings raised 新造銀行借貸 Repayment of bank borrowings 償還銀行借貸 Interest paid 已付利息 Advance from a non-controlling shareholder 來自一間附屬公司一名 of a subsidiary 非控股股東之墊款 Net proceeds from issue of shares upon 來自於行使購股權後發行股份 exercise of share options 之所得款項淨額 NET CASH FROM FINANCING ACTIVITIES 來自融資活動之現金淨額 NET INCREASE IN CASH AND 現金及現金等值項目 CASH EQUIVALENTS 增加淨額 CASH AND CASH EQUIVALENTS AT 年初現金及現金等值項目 BEGINNING OF THE YEAR EFFECT OF FOREIGN EXCHANGE 匯率變動之影響 RATE CHANGES CASH AND CASH EQUIVALENTS AT END 年終現金及現金等值項目， OF THE YEAR, represented by 即銀行結餘及現金 bank balances and cash	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 (25,383) (19,215) 2,880 16,326 (172,029) (123,120) (138,148) (25,037) 74,515 63,353 (4,900) (1,694) (80,537) (79,065) 125,900 37,650 41,441 (9,441) 5,629 (5,654) 9,619 – 8,553 16,252 (465) –
	(152,925) (129,645)
	299,712 541,306 (274,404) (411,412) (14,381) (8,599) – 5,020 141 –
	11,068 126,315
	19,733 41,236 291,762 255,440 (13,109) (4,914)
	298,386 291,762

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. GENERAL INFORMATION

1. 一般資料

The Company was incorporated in Bermuda as an exempted company under the Companies Act 1981 of Bermuda (as amended) with limited liability. The addresses of the registered office and principal place of business of the Company are disclosed in the corporate information section of the annual report.

本公司乃根據百慕達一九八一年公司法（經修訂）於百慕達註冊成立為獲豁免有限公司。本公司之註冊辦事處及主要營業地點在年報之公司資料一節內披露。

The functional currency of the Company is Renminbi (“RMB”). The consolidated financial statements are presented in Hong Kong dollars (“HK$”), as the Directors consider that it is a more appropriate presentation for a company listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and for the convenience of the shareholders.

本公司之功能貨幣為人民幣（「人民幣」）。本綜合財務報表以港元呈列，乃因董事認為作為一間香港聯合交易所有限公司（「聯交所」）的上市公司和方便本公司股東，財務報表以港元呈列更為恰當。

The Company is an investment holding company. The principal activities of its subsidiaries are the manufacturing, design and development and sale of display modules, handsets and solutions, wireless communication modules, carrying out internet of things business and intelligent manufacturing business and property development in the PRC.

本公司為一家投資控股公司。其附屬公司之主要業務為顯示模塊、手機及解決方案及無線通訊模塊之製造、設計、開發及銷售，進行物聯網業務及智能製造業務，以及在中華人民共和國（「中國」）的物業發展。

2. APPLICATION OF NEW AND REVISED 2. 應用新訂及經修訂國際財務報告 INTERNATIONAL FINANCIAL REPORTING 準則（「國際財務報告準則」） STANDARDS (“IFRSs”)

Application of new and revised IFRSs

The Group has applied the following amendments to IFRSs for the first time in the current year:

應用新訂及經修訂國際財務報告準則

本集團已於本年度首次應用以下國際財務報告準則之修訂：

Amendments to IAS 19 Defined benefit plans: Employee contributions 國際會計準則第 19 號之修訂本界定福利計劃：僱員供款 Amendments to IFRSs Annual improvements to IFRSs 2010-2012 cycle 國際財務報告準則之修訂本國際財務報告準則二零一零年至二零一二年週期之年度改進 Amendments to IFRSs Annual improvements to IFRSs 2011-2013 cycle 國際財務報告準則之修訂本國際財務報告準則二零一一年至二零一三年週期之年度改進

The application of the amendments to IFRSs in the current year has had no material impact on the Group’s financial performance and positions for the current and prior years and/or on the disclosures set out in these consolidated financial statements.

於本年度應用國際財務報告準則之修訂本對本集團本年度及過往年度之財務表現及狀況，及╱或綜合財務報表所載之披露並無重大影響。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

2. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRSs”) (continued)

2. 應用新訂及經修訂國際財務報告準則（「國際財務報告準則」）（續）

New and revised IFRSs in issue but not yet effective

The Group has not early applied the following new and revised IFRSs that have been issued but are not yet effective:

已頒佈但尚未生效之新訂及經修訂國際財務報告準則

本集團尚未提早應用下列已頒佈但尚未生效之新訂及經修訂國際財務報告準則：

IFRS 9 國際財務報告準則第 9 號 IFRS 15 國際財務報告準則第 15 號 IFRS 16 國際財務報告準則第 16 號 Amendments to IFRS 11 國際財務報告準則第 11 號之修訂 Amendments to IAS 1 國際會計準則第 1 號之修訂 Amendments to IAS 16 and IAS 38

國際會計準則第 16 號及國際會計準則第 38 號之修訂 Amendments to IAS 16 and IAS 41 國際會計準則第 16 號及國際會計準則第 41 號之修訂 Amendments to IFRS 10 and IAS 28

國際財務報告準則第 10 號及國際會計準則第 28 號之修訂 Amendments to IFRS 10, IFRS 12 and IAS 28 國際財務報告準則第 10 號、國際財務報告準則第 12 號及國際會計準則第 28 號之修訂 Amendments to IFRSs 國際財務報告準則之修訂 Amendments to IAS7 國際會計準則第 7 號之修訂 Amendments to IAS12 國際會計準則第 12 號之修訂 Amendments to IAS27 國際會計準則第 27 號之修訂

Financial instruments[1] 金融工具[1] Revenue from contracts with customers[1] 客戶合約收益[1] Leases[4] 租賃[4] Accounting for acquisitions of interests in joint operations[3] 收購合營業務權益之會計處理方法[3] Disclosure initiative[3] 披露計劃[3] Clarification of acceptable methods of depreciation and amortisation[3] 對可接受的折舊及攤銷方法的釐清[3]

Agriculture: Bearer plants[3] 農業：生產性值物[3]

Sale or contribution of assets between an investor and its associate or joint venture[2] 投資者及其聯營公司或合營企業間之資產出售或注入[2]

Investment entities: Applying the consolidation exception[3]

投資實體：應用合併豁免[3]

Annual improvements to IFRSs 2012-2014 cycle[3] 二零一二年至二零一四年週期之年度改進[3] Disclosure initiative[5] 披露計劃[5] Recognition of deferred tax assets for unrealised losses[5] 就未實現虧損確認遞延稅項資產[5] Equity method in separate financial statements[3] 獨立財務報表內之權益法[3]

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

2. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRSs”) (continued)

New and revised IFRSs in issue but not yet effective

(continued)

1 Effective for annual periods beginning on or after 1 January 2018.
2 Effective for annual periods beginning on or after a date to be determined.
3 Effective for annual periods beginning on or after 1 January 2016.
4 Effective for annual periods beginning on or after 1 January 2019.
5 Effective for annual periods beginning on or after 1 January 2017.

IFRS 9 “Financial instruments”

IFRS 9 issued in 2009 introduced new requirements for the classification and measurement of financial assets. IFRS 9 was subsequently amended in 2010 to include requirements for the classification and measurement of financial liabilities and for derecognition, and further amended in 2013 to include the new requirements for general hedge accounting. Another revised version of IFRS 9 was issued in 2014 mainly to include a) impairment requirements for financial assets and b) limited amendments to the classification and measurement requirements by introducing a ‘fair value through other comprehensive income’ (“FVTOCI”) measurement category for certain simple debt instruments.

2. 應用新訂及經修訂國際財務報告準則（「國際財務報告準則」）（續）

已頒佈但尚未生效之新訂及經修訂國際財務報告準則（續）

1 於二零一八年一月一日或之後開始的年度期間生效。
2 於有待確定日期或之後開始年度期間生效。
3 於二零一六年一月一日或之後開始的年度期間生效。
4 於二零一九年一月一日或之後開始的年度期間生效。
5 於二零一七年一月一日或之後開始的年度期間生效。

國際財務報告準則第 9 號「金融工具」

於二零零九年頒佈的國際財務報告準則第 9 號引入有關分類及計量金融資產之新規定。國際財務報告準則第 9 號其後於二零一零年作出修訂，加入有關金融負債分類及計量及有關終止確認之規定，並於二零一三年作出進一步修訂，加入有關一般對沖會計處理方法之新規定。於二零一四年頒佈之國際財務報告準則第 9 號的另一個經修訂版本主要加入 a) 金融資產之減值規定；及 b) 藉為若干簡單債務工具引入透過「透過其他全面收益按公平值列賬」計量類別，對分類及計量規定作出有限修訂。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

2. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRSs”) (continued)

IFRS 9 “Financial instruments” (continued)

Key requirements of IFRS 9 relevant to the Group are described below:

All recognised financial assets that are within the scope of IAS 39 “Financial instruments: Recognition and measurement” are subsequently measured at amortised cost or fair value. Specifically, debt investments that are held within a business model whose objective is to collect the contractual cash flows, and that have contractual cash flows that are solely payments of principal and interest on the principal outstanding are generally measured at amortised cost at the end of subsequent accounting periods. Debt instruments that are held within a business model whose objective is achieved both by collecting contractual cash flows and selling financial assets, and that have contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, are measured at FVTOCI. All other debt investments and equity investments are measured at their fair value at the end of subsequent accounting periods. In addition, under IFRS 9, entities may make an irrevocable election to present subsequent changes in the fair value of an equity investment (that is not held for trading) in other comprehensive income, with only dividend income generally recognised in profit or loss.
In relation to the impairment of financial assets, IFRS 9 requires an expected credit loss model, as opposed to an incurred credit loss model under IAS 39. The expected credit loss model requires an entity to account for expected credit losses and changes in those expected credit losses at each reporting date to reflect changes in credit risk since initial recognition. In other words, it is no longer necessary for a credit event to have occurred before credit losses are recognised.

2. 應用新訂及經修訂國際財務報告準則（「國際財務報告準則」）（續）

國際財務報告準則第 9 號「金融工具」（續）國際財務報告準則第9號之主要規定載述如下：

國際會計準則第 39 號「金融工具：確認和計量」範圍內所有已確認的金融資產其後按已攤銷成本或公平值計量。具體而言，於目的為收回合約現金流量的業務模式所持有的債務投資，以及合約現金流量僅為支付本金及未償還本金的利息的債務投資，一般按其後會計期間結算日的攤銷成本計量。於目的為同時收回合約現金流量及出售金融資產的業務模式中持有的債務工具，以及金融資產條款令於特定日期產生的現金流量僅為支付本金及未償還本金的利息的債務工具，透過其他全面收益按公平值列賬的方式計量。所有其他債務投資和股權投資按其後會計期結束時之公平值計量。此外，根據國際財務報告準則第9號，實體可以不可撤回地選擇於其他全面收益呈列股本投資（並非持作買賣）其後的公平值變動，而通常只有股息收入於損益內確認。
就金融資產之減值而言，與國際會計準則第 39 號項下按已產生信貸虧損模式計算相反，國際財務報告準則第9號規定按預期信貸虧損模式計算。預期信貸虧損模式需要實體於各報告日期將預期信貸虧損及該等信貸虧損的預期變動入賬，以反映信貸風險自初始確認以來的變動。換言之，毋須再待發生信貸事件即可確認信貸虧損。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

2. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRSs”) (continued)

IFRS 9 “Financial instruments” (continued)

The Directors anticipate that the application of IFRS 9 in the future may have a material impact on amounts reported in respect of the Group’s financial assets and financial liabilities. Regarding the Group’s financial assets, it is not practicable to provide a reasonable estimate of that effect until a detailed review has been completed.

IFRS 15 “Revenue from contracts with customers”

In July 2015, IFRS 15 was issued which establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. IFRS 15 will supersede the current revenue recognition guidance including IAS 18 “Revenue”, IAS 11 “Construction contracts” and the related Interpretations when it becomes effective.

The core principle of IFRS 15 is that an entity should recognise revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Specifically, the standard introduces a 5-step approach to revenue recognition:

Step 1: Identify the contract(s) with a customer
Step 2: Identify the performance obligations in the contract
Step 3: Determine the transaction price
Step 4: Allocate the transaction price to the performance obligations in the contract
Step 5: Recognise revenue when (or as) the entity satisfies a performance obligation

2. 應用新訂及經修訂國際財務報告準則（「國際財務報告準則」）（續）

國際財務報告準則第 9 號「金融工具」（續）

董事預期，於未來應用國際財務報告準則第 9 號可能會對就本集團金融資產及金融負債所呈報的金額造成重大影響。就本集團金融資產的而言，於完成詳盡審閱前不可能就有關影響作出合理估計。

國際財務報告準則第 15 號「客戶合約收益」

香港財務報告準則第 15 號於二零一五年七月頒布，其制定一項單一全面模式供實體用作將自客戶合約所產生的收益入賬。於國際財務報告準則第 15 號生效後，其將取代國際會計準則第 18號「收益」、國際會計準則第11號「建築合約」及相關詮釋現時所載之收益確認指引。

國際財務報告準則第 15 號之核心原則為實體所確認描述向客戶轉讓承諾貨品或服務之收益金額，應為能反映該實體預期就交換該等貨品或服務有權獲得之代價。具體而言，該準則引入確認收益的五個步驟：

第一步：識別與客戶訂立之合約
第二步：識別合約中之履約責任
第三步：釐定交易價
第四步：將交易價分配至合約中之履約責任
第五步：於（或當）實體完成履約責任時確認收益

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

2. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRSs”) (continued)

IFRS 15 “Revenue from contracts with customers”

2. 應用新訂及經修訂國際財務報告準則（「國際財務報告準則」）（續）

國際財務報告準則第15號「客戶合約收益」（續）

(continued)

Under IFRS 15, an entity recognises revenue when (or as) a performance obligation is satisfied, i.e. when ‘control’ of the goods or services underlying the particular performance obligation is transferred to the customer. Far more prescriptive guidance has been added in IFRS 15 to deal with specific scenarios. Furthermore, extensive disclosures are required by IFRS 15.

The Directors anticipate that the application of IFRS 15 in the future may have a material impact on the amounts reported and disclosures made in the Group’s consolidated financial statements. However, it is not practicable to provide a reasonable estimate of the effect of IFRS 15 until the Group performs a detailed review.

Amendments to IAS 16 and IAS 38 “Clarification of acceptable methods of depreciation and amortisation”

The amendments to IAS 16 prohibit entities from using a revenue-based depreciation method for items of property, plant and equipment. The amendments to IAS 38 introduce a rebuttable presumption that revenue is not an appropriate basis for amortisation of an intangible asset. This presumption can only be rebutted in the following two limited circumstances:

a) when the intangible asset is expressed as a measure of revenue; or
b) when it can be demonstrated that revenue and consumption of the economic benefits of the intangible asset are highly correlated.

根據國際財務報告準則第 15 號，實體於完成履約責任時（或就此）確認收益，即於特定履約責任相關之商品或服務的「控制權」轉讓予客戶時。國際財務報告準則 15 號已就特別情況之處理方法加入更明確之指引。此外，國際財務報告準則第 15 號要求更詳盡之披露。

董事預期，於未來應用國際財務報告準則第 15 號可能會對本集團綜合財務報表中的已呈報金額及所作出的披露造成重大影響。然而，於完成詳盡審閱前難以就國際財務報告準則第 15 號的影響作合理估計。

國際會計準則第 16 號及國際會計準則第 38 號之修訂「對可接受的折舊及攤銷方法的釐清」

國際會計準則第 16 號之修訂禁止實體就物業、廠房及設備使用以收益為基礎的折舊法。國際會計準則第 38 號引入不可推翻的前設，即收益並非無形資產攤銷的合適基準。有關前設僅可於以下兩個有限情況被推翻：

a) 於無形資產以計算收益的方式呈列時；或
b) 於其能顯示無形資產的收益與其經濟利益的耗用有緊密關係時。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

2. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRSs”) (continued)

Amendments to IAS 16 and IAS 38 “Clarification of acceptable methods of depreciation and amortisation” (continued)

The amendments apply prospectively for annual periods beginning on or after 1 January 2016. Currently, the Group uses the straight-line method for depreciation and amortisation for its property, plant and equipment, and intangible assets respectively. The Directors of the Company believe that the straight-line method is the most appropriate method to reflect the consumption of economic benefits inherent in the respective assets and accordingly, the Directors of the Company do not anticipate that the application of these amendments to IAS 16 and IAS 38 will have a material impact on the Group’s consolidated financial statements.

Amendments to IFRS 10 and IAS 28 “Sale or contribution of assets between an investor and its associate or joint venture”

The amendments to IFRS 10 “Consolidated financial statements” and IAS 28 “Investments in associates and joint ventures” deal with situations where there is a sale or contribution of assets between an investor and its associate or joint venture. Specifically, the amendments state that gains or losses resulting from the loss of control of a subsidiary that does not contain a business in a transaction with an associate or a joint venture that is accounted for using the equity method, are recognised in the parent’s profit or loss only to the extent of the unrelated investors’ interests in that associate or joint venture. Similarly, gains and losses resulting from the remeasurement of investments retained in any former subsidiary (that has become an associate or a joint venture that is accounted for using the equity method) to fair value are recognised in the former parent’s profit or loss only to the extent of the unrelated investors’ interests in the new associate or joint venture.

2. 應用新訂及經修訂國際財務報告準則（「國際財務報告準則」）（續）

國際會計準則第 16 號及國際會計準則第 38 號之修訂「對可接受的折舊及攤銷方法的釐清」（續）

有關修訂採用未來適用法應用於二零一六年一月一日或之後開始的年度期間。現時，本集團使用直線法分別計算其物業、廠房及設備以及無形資產之折舊及攤銷。本公司董事認為直線法為反映各項資產經濟利益耗用情況之最合適方法，因此，本公司董事預期應用該等國際會計準則第16號及國際會計準則第38號之修訂將不會對本集團之綜合財務報表造成重大影響。

國際財務報告準則第 10 號及國際會計準則第 28 號之修訂「投資者及其聯營公司或合營企業間之資產出售或注入」

國際財務報告準則第 10 號「綜合財務報表」及國際會計準則第 28 號「於聯營公司及合營公司的投資」處理投資者與其聯營公司或合營公司進行資產出售或注資的情況。特別是，修訂說明在與以權益法入賬之聯營公司或合營企業之間進行交易導致失去對並無業務之附屬公司之控制權時，要求在母公司損益中就該等交易所產生之收益或虧損所確認之金額以非相關投資者於該聯營公司或合營企業之權益為限。同樣地，重新計量於已成為聯營公司或合營企業（按權益法入賬）之任何前附屬公司所保留之投資之公平值所產生之收益及虧損，會在母公司損益中所確認，金額以非相關投資者於該聯營公司或合營企業之權益為限。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

2. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRSs”) (continued)

Amendments to IFRS 10 and IAS 28 “Sale or contribution of assets between an investor and its associate or joint venture” (continued)

The amendments should be applied prospectively to transactions occurring in annual periods beginning on or after 1 January 2016. The Directors of the Company anticipate that the application of these amendments to IFRS 10 and IAS 28 may have an impact on the Group’s consolidated financial statements in future periods should such transactions arise.

Annual improvements to IFRSs 2012-2014 cycle

The Annual improvements to IFRSs 2012-2014 cycle include a number of amendments to various IFRSs, which are summarised below.

The amendments to IFRS 5 introduce specific guidance in IFRS 5 for when an entity reclassifies an asset (or a disposal group) from held for sale to held for distribution to owners (or vice versa). The amendments clarify that such a change should be considered as a continuation of the original plan of disposal and hence requirements set out in IFRS 5 regarding the change of sale plan do not apply. The amendments also clarify the guidance for when held-for-distribution accounting is discontinued.

The amendments to IFRS 7 provide additional guidance to clarify whether a servicing contract is continuing involvement in a transferred asset for the purpose of the disclosures required in relation to transferred assets.

The Directors do not anticipate that the application of these will have a material effect on the Group’s consolidated financial statements.

The Directors anticipate that the application of the other new and revised IFRSs will have no material impact on the Group’s consolidated financial statements.

2. 應用新訂及經修訂國際財務報告準則（「國際財務報告準則」）（續）

國際財務報告準則第 10 號及國際會計準則第 28 號之修訂「投資者及其聯營公司或合營企業間之資產出售或注入」（續）

有關修訂於二零一六年一月一日或之後開始之年度期間生效，並允許提早應用。本公司董事預期應用該等國際財務報告準則第 10 號及國際會計準則第 28 號之修訂於未來期間發生該等交易時可能對本集團之綜合財務報表造成影響。

國際財務報告準則二零一二年至二零一四年週期之年度改進

國際香港財務報告準則二零一二年至二零一四年週期之年度改進包括對多項國際財務報告準則作出之修訂，有關修訂概列於下文。

國際財務報告準則第 5 號之修訂於國際財務報告準則第 5 號中加入特定指引，說明實體何時將一項資產（或一個出售組別）由持作出售重新分類至持作擁有人作出分派（或相反）。該修訂澄清，該等變動視為原出售計劃的持續，因此於香港財務報告準則第 5 號中載列有關銷售計劃變動的要求不適用。修訂亦澄清，何時終止持作分派之會計處理。

國際財務報告準則第 7 號之修訂提供額外指引，明確說明就一項已轉讓資產須予作出之披露而言，一份服務合約是否持續參與該項已轉讓資產。

董事預期應用該等修訂將不會對本集團之綜合財務報表造成重大影響。

董事預期，應用其他新訂及經修訂國際財務報告準則對本集團之綜合財務報表並無重大影響。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

The consolidated financial statements have been prepared in accordance with IFRSs. In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on the Stock Exchange (“Listing Rules”) and by the Hong Kong Companies Ordinance (“CO”).

The provisions of the new Hong Kong Companies Ordinance (Cap 622) regarding preparation of accounts and directors’ reports and audits became effective for the Company for the financial year ended 31 December 2015. Further, the disclosure requirements set out in the Listing Rules regarding annual accounts have been amended with reference to the new CO and to streamline with IFRSs. Accordingly the presentation and disclosure of information in the consolidated financial statements for the financial year ended 31 December 2015 have been changed to comply with these new requirements. Comparative information in respect of the financial year ended 31 December 2014 are presented or disclosed in the consolidated financial statements based on the new requirements. Information previously required to be disclosed under the predecessor CO or Listing Rules but not under the new CO or amended Listing Rules are not disclosed in these consolidated financial statements.

The consolidated financial statements have been prepared on the historical cost basis except for investment properties and financial instruments that are measured at fair values at the end of each reporting periods as explained in the accounting policies set out below.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

3. 重大會計政策

綜合財務報表已根據國際財務報告準則編製。此外，綜合財務報表包括根據聯交所證券上市規則（「上市規則」）及香港公司條例規定之適用披露（「公司條例」）。

新香港公司條例（第 622 章）有關編製賬目及董事報告及審核的條文已對本公司截至二零一五年十二月三十一日止財政年度生效。此外，上市規則所載有關年度賬目的披露規定已參考新公司條例而修訂並就國際財務報告準則精簡。因此，截至二零一五年十二月三十一日止財政年度綜合財務報表內的資料呈列及披露已予更改以遵守此等新規定。有關截至二零一四年十二月三十一日止財政年度的比較資料已根據新規定於綜合財務報表內呈列或披露。根據前公司條例或上市規則在以往須予披露但根據新公司條例或經修訂上市規則毋須披露的資料，在本綜合財務報表中已再無披露。

除投資物業及金融工具於各報告期末按公平值計算外，綜合財務報表以歷史成本基準編製，詳情載於本集團會計政策。

歷史成本一般根據貨物及服務交換所得代價之公平值釐定。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the Group takes into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these consolidated financial statements is determined on such a basis, except for share-based payment transactions that are within the scope of IFRS 2, leasing transactions that are within the scope of IAS 17, and measurements that have some similarities to fair value but are not fair value, such as net realisable value in IAS 2 or value in use in IAS 36.

In addition, for financial reporting purposes, fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;
Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and
Level 3 inputs are unobservable inputs for the asset or liability.

The principal accounting policies are set out below.

公平值是於計量日期市場參與者於有秩序交易中出售資產可收取或轉讓負債須支付的價格，而不論該價格是否可直接觀察得出或透過使用其他估值技術估計得出。若市場參與者於計量日期對資產或負債定價時會考慮資產或負債的特點，則本集團於估計資產或負債的公平值時會考慮該等特點。就此等綜合財務報告所計量及╱或披露的公平值乃按此基準釐定，惟屬於國際財務報告準則第 2 號範圍的以股份支付之交易、國際會計準則第 17 號範圍內的租賃交易，以及與計量公平值有部份相似但並非計量公平值（如國際會計準則第 2 號內的可變現淨值或國際會計準則第 36 號內的使用價值）除外。

此外，就財務報告而言，公平值計量根據公平值計量所用輸入數據之可觀察程度及有關輸入數據對整體計量的重要性分類為第一級別、第二級別或第三級別，載述如下︰

－第一級別輸入數據是實體於計量日期可以取得的相同資產或負債於活躍市場之報價（未經調整）；
－第二級別輸入數據是就資產或負債直接或間接地可觀察之輸入數據（第一級別內包括的報價除外；及
－第三級別輸入數據是資產或負債的不可觀察輸入數據。

主要會計政策載列如下。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Basis of consolidation

The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved when the Company:

has power over the investee;
has exposure, or rights, to variable returns from its involvement with the investee; and
has the ability to use its power over the investee to affect its returns.

The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.

Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of profit or loss from the date the Group gains control until the date when the Group ceases to control the subsidiary.

Profit or loss and each item of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the noncontrolling interests having a deficit balance.

Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with those used by other members of the Group’s accounting policies.

All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation.

合併基準

綜合財務報表包括本公司及本公司及其附屬公司所控制實體之財務報表。本公司於下列情況取得控制權︰

可對被投資方行使權力；
須承擔或享有參與被投資方之可變回報風險及權力；及
可運用其對被投資方之權力以影響其回報。

倘有事實及情況顯示上述三項控制權要素有一項或以上出現變動，本集團會重新評估其是否對被投資方擁有控制權。

附屬公司乃於本集團取得附屬公司控制權起綜合入賬，並於本集團失去該附屬公司控制權時終止入賬。特別是，年內所收購或出售之附屬公司之收入及開支由本集團取得控制權當日起至本集團不再控制該附屬公司之日止計入綜合損益表。

損益及各綜合收益項目由本公司擁有人及非控股權益分佔。即使會導致非控股權益出現虧絀，附屬公司之全面收益總額仍由本公司擁有人及非控股權益分佔。

附屬公司的財務報表於有需要時作出調整，以使其會計政策與本集團其他成員公司所採納者一致。

本集團成員之間交易之所有集團內公司間資產與負債、權益、收入、開支及現金流量已於綜合時全數抵銷。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Basis of consolidation (continued)

Changes in the Group’s ownership interests in existing subsidiaries

When the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognised in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable IFRSs).

Business combinations

Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are generally recognised in profit or loss as incurred.

合併基準（續）本集團於現有附屬公司擁有權之變動

倘本集團失去附屬公司控制權，則收益或虧損於損益確認並按 (i) 所收代價之公平值及任何保留權益之公平值的總額及 (ii) 該附屬公司之資產（包括商譽）及負債以及任何非控股權益之前的賬面值兩者之間的差額計算。先前於其他全面收益就該附屬公司確認之所有款額，會按猶如本集團已直接出售該附屬公司之相關資產或負債入賬（即按適用國際財務報告準則所訂明╱允許而重新分類至損益或轉撥至另一權益類別）。

業務合併

收購業務採用收購法入賬。業務合併時轉移之代價按公平值計量，而計算方法為本集團所轉讓資產、本集團向被收購方原擁有人承擔之負債及本集團為交換被收購方控制權而發行之股本於收購當日之公平值總額。有關收購成本通常於發生時在損益中確認。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015

截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Business combinations (continued)

At the acquisition date, the identifiable assets acquired and the liabilities assumed are recognised at their fair value, except that:

deferred tax assets or liabilities, and assets or liabilities related to employee benefit arrangements are recognised and measured in accordance with IAS 12 “Income taxes” and IAS 19 “Employee benefits” respectively;
liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with IFRS 2 “Share-based payment” at the acquisition date (see the accounting policy below); and
assets (or disposal groups) that are classified as held for sale in accordance with IFRS 5 “Non-current assets held for sale and discontinued operations” are measured in accordance with that standard.

Goodwill is measured as the excess of the sum of the consideration transferred, the amount of any non-controlling interests in the acquiree, and the fair value of the acquirer’s previously held equity interest in the acquiree (if any) over the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed. If, after re-assessment, the net of the acquisition-date amounts of the identifiable assets acquired and liabilities assumed exceeds the sum of the consideration transferred, the amount of any noncontrolling interests in the acquiree and the fair value of the acquirer’s previously held interest in the acquiree (if any), the excess is recognised immediately in profit or loss as a bargain purchase gain.

業務合併（續）

於收購日期，所收購之可識別資產及所承擔之負債按其公平值確認，惟以下情況除外：

遞延稅項資產或負債及僱員福利安排之資產或負債分別按國際會計準則第 12 號
「所得稅」及國際會計準則第 19 號「僱員福利」確認及計量；
與被收購方以股份支付安排相關或本集團就取代被收購方以股份支付安排而訂立以股份支付安排相關之負債及權益工具，乃於收購日期按國際財務報告準則第 2 號「以股份支付」計量（見下文會計政策）；及
根據國際財務報告準則第 5 號「持作出售之非流動資產及已終止經營業務」分類為持作出售之資產（或出售組別）根據該準則計量。

商譽是以所轉讓之代價、非控股權益於被收購方中所佔金額以及收購方以往持有之被收購方股本權益之公平值（如有）之總和，超出所收購之可識別資產及所承擔之負債於收購日期之淨值後計算。倘經過重新評估後，所收購之可識別淨資產與所承擔負債於收購日期之淨額高於所轉讓之代價、非控股權益於被收購方中所佔金額以及收購方以往持有被收購方權益之公平值（如有）之總和，則差額即時於損益內確認為議價收購收益。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Business combinations (continued)

Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the entity’s net assets in the event of liquidation may be initially measured either at fair value or at the non-controlling interests’ proportionate share of the recognised amounts of the acquiree’s identifiable net assets. The choice of measurement basis is made on a transaction-by-transaction basis. Other types of non-controlling interests are measured at their fair value or, when applicable, on the basis specified in another IFRS.

When the consideration transferred by the Group in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition-date fair value and included as part of the consideration transferred in a business combination. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with the corresponding adjustments made against goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the “measurement period” (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date.

The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Contingent consideration that is classified as an asset or a liability is remeasured at subsequent reporting dates in accordance with IAS 39, with the corresponding gain or loss being recognised in profit or loss.

業務合併（續）

現時擁有權權益且於清盤時持有人有權按比例分佔實體資產淨值的非控股權益，可初步以公平價值或非控股權益應佔被收購方可識別資產淨值的已確認金額比例計量。計量基準按逐項交易基準作出選擇。其他類型之非控股權益則按公平值或按其他國際財務報告準則訂明之基準（如適用）計量。

倘本集團於業務合併中轉讓之代價包括或然代價安排產生之資產或負債，或然代價按其收購日期公平值計量並視為於業務合併中所轉撥之代價一部份。或然代價之公平值變動（如符合計量期間調整資格）可回顧調整，並對商譽或廉價收購收益作出相應調整。計量期間調整為於「計量期間」（不得超出收購日期一年內）就於收購日期存在之事實及情況獲得額外資訊而引致之調整。

並不符合計量期間調整之或然代價，其公平值變動之隨後入賬取決於或然代價如何分類。分類為權益之或然代價並無於隨後報告日期重新計量，而其隨後結算於權益內入賬。分類為資產或負債之或然代價根據國際會計準則第 39 號於隨後報告日期重新計量，而相應盈虧於損益中確認。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Interests in associates

An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies.

The results and assets and liabilities of associates are incorporated in these consolidated financial statements using the equity method of accounting. The financial statements of associates used for equity accounting purposes are prepared using uniform accounting policies as those of the Group for like transactions and events in similar circumstances. Under the equity method, an investment in an associate is initially recognised in the consolidated statement of financial position at cost and adjusted thereafter to recognise the Group’s share of the profit or loss and other comprehensive income of the associate. When the Group’s share of losses of an associate exceeds the Group’s interest in that associate (which includes any long-term interests that, in substance, form part of the Group’s net investment in the associate), the Group discontinues recognising its share of further losses. Additional losses are recognised only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associate.

An investment in an associate is accounted for using the equity method from the date of which the investee becomes an associate. On acquisition of the investment in an associate, any excess of the cost of the investment over the Group’s share of the net fair value of the identifiable assets and liabilities of the investee is recognised as goodwill, which is included within the carrying amount of the investment. Any excess of the Group’s share of the net fair value of the identifiable assets and liabilities over the cost of the investment, after reassessment, is recognised immediately in profit or loss in the period in which the investment is acquired.

於聯營公司之權益

聯營公司乃指本集團對其擁有重大影響力之實體。重大影響力乃指參與被投資方財務及經營決策之權力，但並非控制或共同控制該等政策。

聯營公司之業績、資產及負債會按權益會計法計入該等綜合財務報表內。聯營公司作權益會計處理而編製之財務報表，乃採用本集團在類似情況下就類似交易及事件一致之會計政策編製。根據權益法，於一間聯營公司之投資初步按成本於綜合財務狀況表確認，並於其後作出調整，以確認本集團應佔聯營公司之損益及其他全面收益。倘本集團應佔一間聯營公司之虧損超出本集團於該聯營公司之權益（包括實際上構成本集團對該聯營公司之淨投資之任何長期權益），本集團將終止確認日後應佔之虧損。本集團僅會在產生法定或推定責任或代該聯營公司付款時，方會確認該額外虧損。

於一間聯營公司之投資由被投資公司成為一間聯營公司之日起，以權益會計法入賬。在收購於一間聯營公司之投資時，收購成本超出本集團分佔被投資公司可識別資產及負債公平值淨值之部分會確認為商譽，並計入該投資之賬面值中。經重新評估後，本集團分佔可識別資產及負債之公平值淨值超出投資成本之部分，即時於收購投資之期間之損益中確認。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Interests in associates (continued)

The requirements of IAS 39 are applied to determine whether it is necessary to recognise any impairment loss with respect to the Group’s investment in an associate. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment in accordance with IAS 36 “Impairment of assets” as a single asset by comparing its recoverable amount (higher of value in use and fair value less costs to sell) with its carrying amount. Any impairment loss recognised forms part of the carrying amount of the investment. Any reversal of that impairment loss is recognised in accordance with IAS 36 to the extent that the recoverable amount of the investment subsequently increases.

The Group discontinues the use of the equity method from the date when the investment is classified as held for sale.

Non-current assets held for sale

Non-current assets and disposal groups are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the asset (or disposal group) is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such asset (or disposal group) and its sale is highly probable. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification.

When the Group is committed to a sale plan involving disposal of an investment in an associate, the investment that will be disposed of is classified as held for sale when the criteria described above are met, and the Group discontinues the use of the equity method in relation to the portion that is classified as held for sale. The Group discontinues the use of the equity method at the time of disposal when the disposal results in the Group losing significant influence over the associate.

Non-current assets classified as held for sale are measured at the lower of their previous carrying amount and fair value less costs of disposal.

於聯營公司之權益（續）

香港會計準則第 39 號之規定乃用以釐定是否需要就本集團於一間聯營公司之投資確認任何減值虧損。如需要時，該項投資之全部賬面值（包括商譽）會根據國際會計準則第36號「資產減值」以單一項資產的方式進行減值測試，方法是比較其可收回金額（即使用價值與公平值減出售成本之較高者）與賬面值。任何已確認之減值虧損構成該項投資賬面值之一部份。有關減值虧損之任何撥回乃根據香港會計準則第 36 號確認，惟以該項投資其後增加之可收回金額為限。

本集團自投資被分類為持作代售資產時終止採用權益法。

持作待售非流動資產

倘非流動資產及出售資產組的賬面值主要通過銷售交易（而非透過持續使用）收回，則分類為持作銷售。僅於非流動資產（或出售組別）可於現況下僅根據銷售該資產（或出售組別）一般及慣常條款即時出售或出售機會相當高時，方被視為符合本條件。管理層必須承諾出售，預期應由符合分類日期起計一年內完成出售確認。

當本集團承諾進行涉及出售於聯營公司之投資時，將予出售之該項投資會在滿足上述標準時被分類為持作出售，本集團將不再就分類為持作出售之部分使用權益法。當出售導致本集團喪失對聯營公司之重大影響力時，本集團於出售時不再使用權益法。

分類為持作出售之非流動資產按其先前賬面值金額與公平值減出售成本之較低者計量。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods sold in the normal course of business, net of discounts and sales related taxes.

Revenue from the sale of goods and properties is recognised when all the following conditions are satisfied:

the Group has transferred to the buyer the significant risks and rewards of ownership of the goods and properties;
the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the properties sold;

the amount of revenue can be measured reliably;

it is probable that the economic benefits associated with the transaction will flow to the Group; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from sale of properties in the ordinary course of business is recognised when the respective properties have been completed and delivered to the buyers. Deposits and instalments received from purchasers prior to meeting to meeting the above criteria for revenue recognition are included in the consolidated statement of financial position under current liabilities.

Repair and maintenance income is recognised when the services are provided.

Service income is recognised when services are provided.

收入確認

收入按日常業務過程中就銷售貨品所收取或應收取代價及指應收款項（已扣除折扣及銷售有關稅項）的公平值計量。

當符合下述條件時，本集團及本公司確認銷售貨品及物業收入：

本集團將貨品及物業所有權的重大風險和報酬已轉移給買方；
本集團不再對已售物業保留施加如同所有權之管理參與程度及實際控制權；
有關收益可以可靠地計量；
與交易相關之經濟利益可能流入本集團；及
有關交易所產生或將予產生之成本可以可靠地計量。

尤其是，於日常業務過程中銷售物業所得的收入，於相關物業已竣工及交付予買方時確認。於達致上述收益確認條件前所收取之按金及分期款項計入綜合財務狀況報表流動負債項下。

維修及保養收入於提供服務時確認。

服務收入於提供服務時確認。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Revenue recognition (continued)

Interest income from a financial asset is recognised when it is probable that the economic benefits will flow to the Group and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts the estimated future cash receipts through the expected life of the financial asset to that asset’s net carrying amount on initial recognition.

Foreign currencies

In preparing the financial statements of each individual group entity, transactions in currencies other than the functional currency of that entity (foreign currencies) are recognised at the rates of exchanges prevailing on the dates of the transactions. At the end of the reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

Exchange differences on monetary items are recognised in profit or loss in the period in which they arise.

For the purposes of presenting the consolidated financial statements, the assets and liabilities of the Group’s entities are translated into the presentation currency of the Group (i.e. HK$) at the rate of exchange prevailing at the end of the reporting period, and their income and expenses are translated at the average exchange rates for the year. Exchange differences arising are recognised in other comprehensive income and accumulated in equity under the heading of the translation reserve (attributed to noncontrolling interests as appropriate).

收入確認（續）

如果經濟利益可能會流入本集團，而收入又能夠根據下列基準可靠地計算，金融資產之利息收入會被確認。利息收入乃考慮未提取之本金額及所適用之實際利率按時間基準確認入賬，該利率指將初始確認時金融資產之估計未來所收現金在估計可使用期內折現至該資產賬面淨值之利率。

外幣

於編製每間個別集團實體的財務報表時，倘交易的貨幣與實體的功能貨幣（外幣）不同，則按交易日期適用的匯率確認。於報告期末，以外幣為面值的貨幣項目按該日適用的匯率換算。按公平值列賬且按外幣列值的非貨幣項目乃按釐定公平值日期之匯率重新換算。惟外幣列值以歷史成本入賬的非貨幣項目則不予換算。

貨幣項目所產生的匯率差異，於其產生期間在損益賬內確認。

為呈列綜合財務報表的目的，本集團實體的資產及負債均以報告期末適用匯率換算為本集團的呈列貨幣（即港元），而其收入及開支則以本年度平均匯率予以換算。產生的匯率差異於其他全面收益確認及累計於權益的換算儲備項下（倘適合將分配予非控股權益）。

SIM Technology Group Limited Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit or loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable and deductible. The Group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax base used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary difference to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

Deferred tax liabilities are recognised for taxable temporary differences associated with investments in subsidiaries and associate, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments are only recognised to the extent that it is probable that there will be sufficient taxable profits against which to utilise the benefits of the temporary differences and they are expected to reverse in the foreseeable future.

稅項

所得稅開支指現時應付稅項及遞延稅項之總和。

現時應付稅項乃按本年應課稅溢利計算。應課稅溢利不包括其他年度的應課稅或應扣減之收入或開支項目，亦不包括從未課稅或可扣稅之項目，故與損益表所列溢利不同。本集團本期稅項負債乃按已於報告期末實施或大致實施之稅率計算。

遞延稅項以綜合財務報表內資產及負債賬面值與計算應課稅溢利所採用相應稅基之暫時差異入賬。遞延稅項負債通常會就所有可抵減暫時差額確認，惟在應課稅溢利可供可扣減暫時差額抵銷時，方就所有可扣減暫時差額確認遞延稅項資產。倘若暫時差額由商譽或由初次確認一項不影響應課稅溢利或會計溢利之其他資產及負債（業務合併除外）所產生，則不會確認有關資產及負債。

遞延稅項負債乃按於附屬公司及聯營公司之投資而引致之應課稅暫時差額而確認，惟若本集團可控制暫時差額之撥回及暫時差額有可能不會於可見將來之撥回之情況則除外。與該等投資相關的可扣減暫時差額所產生的遞延稅項資產，僅在按可能出現可利用暫時差額扣稅之應課稅溢利時，並預期於可見將來撥回時，方會進行確認。

晨訊科技集團有限公司 二零一五年年報

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Taxation (continued)

The carrying amount of deferred tax assets is reviewed at the end of the reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised, based on tax rate (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

For the purposes of measuring deferred tax liabilities or deferred tax assets for investment properties that are measured using the fair value model, the carrying amounts of such properties are presumed to be recovered entirely through sale, unless the presumption is rebutted. The presumption is rebutted when the investment property is depreciable and is held within a business model whose objective is to consume substantially all of the economic benefits embodied in the investment property over time, rather than through sale.

Current and deferred tax is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

稅項（續）

遞延稅項資產之賬面值於各報告期末作檢討，並在沒可能會有足夠應課稅溢利收回全部或部分資產時加以遞減。

根據報告期末已頒佈或實際已頒佈之稅率（及稅法），遞延稅項資產及負債按負債清償或資產變現期間預期適用之稅率計量。

遞延稅項負債及資產之計量反映本集團預期於報告期末將出現的稅務後果，以收回資產或清償負債之賬面值。

就計算使用公平值模式計量之投資物業之遞延稅項負債或遞延稅項資產而言，該等物業之賬面值乃假設透過出售而收回，除非有關假設被推翻。倘投資物業乃可予折舊，且持有投資物業之業務模式隨時間（而非透過出售）消耗投資物業大部分內在經濟利益，則有關假設會被推翻。

本期及遞延稅項於損益確認，惟當其與於其他全面收益確認或直接於權益確認之項目有關時，在此情況下，本期及遞延稅項亦會分別於其他全面收益確認或直接於權益確認。

SIM Technology Group Limited Annual Report 2015

100

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Leasing

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

The Group as lessor

Amounts due from lessees under finance leases are recognised as receivables at the amount of the Group’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Group’s net investment outstanding in respect of the leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Rental income from operating leases is recognised in profit or loss on a straight-line basis over the term of the relevant lease.

The Group as lessee

Operating lease payments are recognised as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

租約

當租約條款將涉及擁有權之絕大部分風險及回報轉讓予承租人時，該租約乃分類為融資租約。所有其他租約均分類為經營租約。

由本集團出租

根據融資租賃應收承租人的款項會按本集團於租賃的淨投資金額確認為應收款項。融資租賃收入被分配至會計期間，以反映本集團於有關租賃的未償還淨投資的定期回報率。

經營租約之租金收入乃按相關租約年期以直線法在損益內確認。磋商及安排經營租賃所產生之初始直接成本計入該項租賃資產之脹面值，並於租期內以直線法確認。

經營租約之租金收入乃按相關租約年期以直線法在損益內確認。

由本集團承租

經營租約付款以直線法於租約期內確認為開支，惟倘另一種系統基準更能反映租賃資產消耗經濟利益的時間模式除外。

如訂立經營租時收取租賃優惠，該優惠確認為負債。優惠之利益總額按直線基準確認為租金開支的減少，惟倘另一種系統基準更能反映租賃資產消耗經濟利益的時間模式除外。

晨訊科技集團有限公司 二零一五年年報

101

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Government grants

Government grants are not recognised until there is reasonable assurance that the Group will comply with the conditions attaching to them and that the grants will be received.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate. Specifically, government grants where primary condition is that the Group should purchase, construct or otherwise acquire non-current assets are recognised as deferred income in the consolidated statement of financial position and transferred to profit or loss over the useful lives of the related assets.

Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Group with no future related costs are recognised in profit or loss on a systematic and rational basis in the period in which they become receivable.

Retirement benefit costs

Payments to state-managed retirement benefits schemes and the Mandatory Provident Fund Scheme (“MPF Scheme”) are recognised as an expense when employees have rendered service entitling them to the contributions.

政府項目收入

在合理地保證本集團會遵守政府項目收入的附帶條件以及將會得到補助後，政府項目收入方會予以確認。

政府項目收入按本集團將擬用作補償的補貼相關成本確認為開支的期間有系統地於損益確認。具體而言，主要條件為本集團應購買、建造或以其他方式購入非流動資產的政府項目收入於綜合財務狀況表中確認為遞延收入，並按有關資產的可用年期轉撥至損益。

作為本集團已發生的費用或損失的補償，或是為本集團提供直接財務支援而未來不會發生任何相關成本的應收政府項目收入，在其成為應收款項的期間有系統及合理地於損益確認。

退休福利成本

向國家管理之退休福利計劃及強制公積金計劃（「強積金計劃」）支付之款項於僱員提供服務而有權獲得供款時確認為開支。

SIM Technology Group Limited Annual Report 2015

102

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Investment properties

Investment properties are properties held to earn rentals and/ or for capital appreciation.

Investment properties are initially measured at cost, including any directly attributable expenditure, except for those transferred from property, plant and equipment and land use rights which are measured at fair value at date of transferred. Subsequent to initial recognition, investment properties are measured at their fair value using the fair value model. Gains or losses arising from changes in the fair value of investment property are included in profit or loss for the period in which they arise.

An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use or no future economic benefits are expected from its disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the profit or loss in the period in which the item is derecognised.

Property, plant and equipment

Property, plant and equipment including buildings held for use in the production or supply of goods or services, other than construction in progress, are stated in the consolidated statement of financial position at cost less subsequent accumulated depreciation and accumulated impairment losses.

Depreciation is recognised so as to write off the cost of items of property, plant and equipment other than construction in progress less their residual values over their estimated useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

投資物業

投資物業是指持作賺取租金及╱或資本增值的物業。

投資物業除由物業、廠房及設備及土地使用轉撥而於轉撥之日用公平值量度，均於首次確認時按成本（包括任何相關的直接支出）計量。於首次確認後，投資物業是採用公平值模式以其公平值計量。投資物業的公平值變動所產生的收益或虧損於產生期間直接確認為損益。

當投資物業出售，或永久不再被使用，或預期出售不會產生未來經濟利益時，該項投資物業不再被確認。因不再確認為資產而產生的收益或虧損（按出售所得款項淨額與資產的賬面值之差額計算）於該項目取消確認期間在損益內入賬。

物業、廠房及設備

物業、廠房及設備（包括持作生產或提供貨物或服務的建築物，在建工程除外）按成本減其後累計折舊以及任何累計減值虧損，於綜合財務狀況表列賬。

折舊採用直線法，按物業、廠房及設備（在建工程除外）減去其剩餘價值後在估計可使用年期撇減其成本。估計可使用年期、剩餘價值和折舊方法在每個報告期間結束時檢討，並採用未來基準計算估計變更的影響。

晨訊科技集團有限公司 二零一五年年報

103

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Property, plant and equipment (continued)

If an item of property, plant and equipment becomes an investment property because its use has changed as evidenced by end of owner-occupation, any difference between the carrying amount and the fair value of that item at the date of transfer is recognised in other comprehensive income and accumulated in properties revaluation reserve. On the subsequent sale or retirement of the asset, the relevant revaluation reserve will be transferred directly to accumulated profits.

An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between sales proceeds and the carrying amount of the asset and is recognised in profit or loss.

Land use rights

Land use rights represent the prepaid lease payments of leasehold interests in land under operating lease arrangements and are amortised on a straight-line basis over the lease terms, except for those held to earn rentals and/or for capital appreciation purpose and classified as investment properties are carried at fair values.

If a land use right becomes an investment property because its use has changed as evidenced by the end of owneroccupation, any difference between the carrying amount and the fair value of that item at the date of transfer is recognised in other comprehensive income and included in properties revaluation reserve. On the subsequent sale or retirement of the asset, the relevant revaluation reserve will be transferred directly to accumulated profits.

物業、廠房及設備（續）

當物業、廠房及設備項目因業主不再自用，證明其用途改變而成為投資物業時，該項目於轉讓當日之賬面金額與公平值之間任何差額於其他全面收益確認及於物業重估儲備內累計。日後出售或報廢該資產時，物業重估儲備將直接轉入累計溢利。

物業、廠房及設備項目於出售或預期持續使用該資產後亦將不會產生任何日後經濟利益之時，取消確認。物業、廠房及設備項目出售或報廢時所產生的任何收益或虧損按出售所得款項與該資產賬面值之間的差額釐定並確認為利潤或虧損。

土地使用權

土地使用權指根據經營租賃安排持有之租賃土地權益之預付租賃款，除持作賺取租金及╱或資本增值的投資物業以公平值量度外，乃按直線法於租賃期內攤銷。

如有土地使用權因其於自用結束後的用途轉變而成為投資物業，賬面值與該等項目於轉移日的公平值之間的任何差異均應於其他全面收益表中確認及計入物業重估儲備。該資產隨後出售或報廢時，相關重估儲備將直接轉入累積盈利。

SIM Technology Group Limited Annual Report 2015

104

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Intangible assets

Research and development expenditure

Expenditure on research activities is recognised as an expense in the period in which it is incurred.

An internally-generated intangible asset arising from development activities (or from the development phase of an internal project) is recognised if, and only if, all of the following have been demonstrated:

the technical feasibility of completing the intangible asset so that it will be available for use or sale;
the intention to complete the intangible asset and use or sell it;
the ability to use or sell the intangible asset;
how the intangible asset will generate probable future economic benefits;
the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and
the ability to measure reliably the expenditure attributable to the intangible asset during its development.

借貸成本

與收購、建造或生產合資格資產直接有關之借貸成本均撥充資本，作為該等資產之部分成本。當資產大致可作其擬定用途或可供銷售時，該等借貸成本將不再撥充為資本。特定借貸中，在其應用於合資格的資產之前所作的臨時投資所賺取的投資收入，須於資本化的借貸成本中扣除。

所有其他借貸成本均在發生期間於損益內確認。

無形資產研究及開發費用

研究活動的費用於產生之期間確認為開支。

因開發（或因內部項目的某開發階段）而於內部產生的無形資產，會於並僅會於下列全部各項均已展示時確認：

完成無形資產在技術上屬可行，其因而將可供使用或出售；
有意完成無形資產並使用或出售；
有能力使用或出售無形資產；
無形資產將產生未來潛在經濟利益的方法；
有足夠技術、財務及其他資源完成開發並使用或出售無形資產的可使用程度；及
有能力可靠地計量屬無形資產於開發期內的開支。

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105

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Intangible assets (continued)

Research and development expenditure (continued)

The amount initially recognised for internally-generated intangible asset is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally generated intangible asset can be recognised, development expenditure is charged to profit or loss in the period in which it is incurred.

Subsequent to initial recognition, internally-generated intangible asset is measured at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets acquired separately.

Intangible assets acquired separately

Intangible assets acquired separately and with finite useful lives are carried at costs less accumulated amortisation and any accumulated impairment losses.

Amortisation for intangible assets with finite useful lives is provided on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.

An intangible asset is derecognised on disposal, or when no future economic benefits are expected from use or disposal. Gains or losses arising from derecognition of an intangible asset are measured at the difference between the net disposal proceeds and the carrying amount of the asset and are recognised in profit or loss in the period when the asset is derecognised.

無形資產（續）

研究及開發費用（續）

就內部產生無形資產初步確認之金額，為該等無形資產首次符合確認標準當日起產生之開支總額。倘並無內部產生無形資產可予確認，則開發費用將於產生期間內於損益內扣除。

於初次確認後，內部產生無形資產以個別購入的無形資產的相同基準，按成本減累計攤銷及累計減值虧損列賬。

獨立購入的無形資產

獨立購入及有限定可使用年期的無形資產按成本減累計攤銷及任何累計減值虧損列賬。

可使用年期有限的無形資產於估計可使用年期內以直線法攤銷。估計使用年期及攤銷方法於各報告期末審閱，而估計變動之影響乃按預先基準入賬。

無形資產於出售時或當預期使用或出售而不會產生將來經濟利益時終止確認。於終止確認無形資產時產生的任何損益，乃按該項資產的出售所得款項淨額與其賬面值之間的差額釐定，並於終止確認該項資產時之期間於損益內確認。

SIM Technology Group Limited Annual Report 2015

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Impairment losses on tangible and intangible assets

At the end of the reporting period, the Group reviews the carrying amounts of its tangible and intangible assets with finite useful lives to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any. When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or a cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or a cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or a cashgenerating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

有形及無形資產之減值虧損

於報告期末，本集團均會審閱其有限使用年期之有形及無形資產之賬面值，以確認該等資產是否已出現減值虧損。倘出現任何有關跡象，則估計資產可收回金額，以釐定減值虧損的幅度（如有）。倘無法估計個別資產之可收回金額，則本集團會估計資產所屬現金產生單位之可收回金額。倘能識別合理及一致之分配基準，公司資產亦會分配至個別現金產生單位，或（倘能確認合理及一致之分配基準）分配至最細之現金產生單位。

可收回金額為公平值（扣減銷售成本後）或使用價值兩者之較高者。於評估使用價值時，估計未來現金流會以稅前貼現率貼現至其現值，有關稅前貼現率反映當時市場對金錢時間價值之評估，以及估計未來現金流未就其作出調整之資產特定風險。

倘一項資產（或現金產生單位）之可回收金額估計將低於其賬面值，則該項資產（或現金產生單位）之賬面值須削減至其可回收金額。減值虧損會即時於損益確認。

倘某項減值虧損其後撥回，則該項資產（或現金產生單位）之賬面值將增至其可回收金額之經修訂估計數額，惟增加後之賬面值不得超過以往年度若資產（或現金產生單位）並無減值虧損確認而釐定之賬面值。減值虧損撥回將即時於損益中確認。

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107

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Inventories

Inventories are stated at the lower of cost and net realisable value. Cost is calculated using the weighted average method. Net realisable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale.

Properties under development for sale

Properties under development for sale are stated at lower of cost and net realisable value. Cost comprises both the land use rights and development cost of the property. Net realisable value takes into account the price ultimately expected to be realised, less applicable selling expenses and the anticipated costs to completion.

Development cost of property comprises the related land cost, construction costs, borrowing costs capitalised according to the Group’s accounting policy and directly attributable costs incurred during the development period. On completion, the properties are transferred to properties held for sales.

Properties held for sale

Properties held for sale are stated at the lower of cost and net realisable value. Cost includes the costs of land, development expenditure incurred and, where appropriate, borrowing costs capitalised. Net realisable value is determined based on price ultimately expected to be realised less applicable selling expenses.

存貨

存貨按成本及可變現淨值兩者中之較低者入賬。成本按加權平均方法計算。可變現淨值指存貨指估計售價減已完成的所有估計成本及銷售所需成本。

發展中的銷售物業

發展中的銷售物業乃按成本與可變現淨值兩者的較低值入賬。成本包括土地使用權以及物業的開發成本。可變現淨值計入最終預計可變現價格，減去適用銷售開支及預期竣工成本計算。

物業的發展成本包括相關土地成本、建築成本，及根據本集團會計政策撥充資本的借貸成本及於發展期間產生的直接應佔成本。竣工後，發展中物業轉撥至持作銷售用途的物業。

持作出售物業

持作出售物業以成本及可變現淨值之較低者列值。成本包括土地成本、所產生之開發開支及（如適用）撥充資本之借貸成本。可變現淨值根據預可變現之最終價格減適用之銷售開支。

SIM Technology Group Limited Annual Report 2015

108

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Financial instruments

Financial assets and financial liabilities are recognised on the consolidated statement of financial position when a group entity becomes a party to the contractual provisions of the instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.

Financial assets

The Group’s financial assets are classified to available-forsale investments, financial assets at fair value through profit or loss (“FVTPL”) and loans and receivables. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition.

Effective interest method

The effective interest method is a method of calculating the amortised cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial asset, or, where appropriate, a shorter period to the net carrying amount on initial recognition.

Interest income is recognised on an effective interest basis for debt instruments other than those financial assets classified as at FVTPL.

金融工具

當一家集團實體成為工具合約條文之一方，金融資產及金融負債於綜合財務狀況表內確認。

金融資產及金融負債初步按公平值計量。收購或發行金融資產及金融負債直接應佔之交易成本（經損益賬按公平值入賬之金融資產及金融負債除外）乃於初步確認時按適當情況加入或從金融資產或金融負債之公平值扣除。須經損益賬直接由收購金融資產或金融負債引致的交易成本，即時於損益內確認。

金融資產

本集團之金融資產分類為可供出售投資、指定為透過損益按公平值列賬之金融資產以及貸款及應收賬款。分類乃按金融資產之性質及目的，於初始確認時予以釐定。

實際利率法

實際利率法乃是一種用以計算金融資產之攤銷成本及於相關期間內攤分利息收入的方法。實際利率為實際於該項金融資產的預計年期或（如適用）初次確認賬面淨值的較短期間折現預計未來現金收入（包括所有合約內交易雙方所支付或收取構成整體實際利息一部分之費用、交易成本及其他溢價或折讓）之利率。

就債務工具而言（分類為按公平值透過損益列賬之金融資產除外），利息收入按實際利率基準確認。

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Financial instruments (continued)

Financial assets (continued)

Financial assets at FVTPL

A financial asset may be designated as at FVTPL upon initial recognition if:

such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or
the financial asset forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the Group’s documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or
it forms part of a contract containing one or more embedded derivatives, and IAS 39 “Financial instruments: Recognition and measurement” permits the entire combined contract to be designated as at FVTPL.

Financial assets at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss excludes any dividend or interest earned on the financial assets and is included in the “other gains and losses” line item.

金融工具（續）金融資產（續）

透過損益按公平值列賬之金融資產倘符合下列任何一種情況，則金融資產可於首次確認時被指定為透過損益按公平值列賬︰

有關指定消除或大幅減低可能出現之計量或確認不一致之情況；或
該金融資產構成一組金融資產或金融負債或兩者之一部分，並根據本集團既定風險管理或投資策略按公平值基準管理及評估其表現，而分組資料則按該基準由內部提供；或
該金融資產構成包含一種或以上嵌入式衍生工具之合約之一部分，而國際會計準則第 39 號「金融工具︰確認及計量」允許將整份合併合約指定為透過損益按公平值列賬。

透過損益按公平值列賬之金融資產按公平值計量，而重生計量所產生之任何收益或虧損在損益中確認。於損益確認之收益或虧損淨額不包括金融資產所賺取之任何股息或利息，並計入「其他收益及虧損」一項。

SIM Technology Group Limited Annual Report 2015

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Financial instruments (continued)

Financial assets (continued)

Available-for-sale financial assets

Available-for-sale financial assets are non-derivatives that are either designated or not classified as financial assets at FVTPL, loans and receivables or held-to-maturity investment.

For available-for-sale equity investments that do not have a quoted market price in an active market and whose fair value cannot be reliably measured, they are measured at cost less any identified impairment losses at the end of the reporting period (see accounting policy on impairment loss on financial assets below).

Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Subsequent to initial recognition, loans and receivables (including amounts due from non-controlling shareholders of subsidiaries, trade and notes receivables, entrusted loan receivables, other receivables, consideration receivable, pledged bank deposits and bank balances) are carried at amortised cost using the effective interest method, less any identified impairment losses (see accounting policy on impairment loss on financial assets below).

Impairment loss on financial assets

Financial assets, other than those at FVTPL, of the Group are assessed for indicators of impairment at the end of the reporting period. Financial assets are considered to be impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the financial assets have been affected.

金融工具（續）金融資產（續）

可供出售之金融資產虧損

可供出售之金融資產乃指定歸入或未分類為透過損益按公平值列賬之金融資產、貸款及持有至到期投資之非衍生工具。

在任何交投活躍之市場並無市場報價及無法可靠地計量公平值之可供出售股本投資，於報告期末按成本減任何已識別減值虧損計量（見下文有關金融資產減值虧損之會計政策）。

貸款及應收款項

貸款及應收款項為並無於交投活躍之市場內報價而附帶固定或可議定付款的非衍生金融資產。於初步確認後，貸款及應收款項（包括應收附屬公司非控股股東款項、應收貿易賬款及票據、應收委託貸款、其他應收款項、應收代價、已抵押銀行存款和銀行結餘）使用實際利率法按攤銷成本減任何可識別減值虧損列賬（見下列金融資產減值虧損之會計政策）。

金融資產減值虧損

本集團的金融資產（按公平值透過損益列賬之金融資產除外）乃就於報告期末出現的減值跡象作出評估。一項或多項發生於初始計量金融資產後之事件作為客觀證據，顯示金融資產之估計未來現金流受到影響，金融資產即被視為已減值。

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111

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Financial instruments (continued)

Impairment loss on financial assets (continued)

For loans and receivables, objective evidence of impairment could include:

significant financial difficulty of the issuer or counterparty; or
breach of contract, such as default or delinquency in interest and principal payments; or
it becoming probable that the borrower will enter bankruptcy or financial re-organisation.

For certain categories of financial asset, such as trade receivables, assets that are assessed not to be impaired individually are, in addition, subsequently assessed for impairment on a collective basis. Objective evidence of impairment for a portfolio of receivables could include the Group’s past experience of collecting payments and an increase in the number of delayed payments in the portfolio past the average credit period of 90 days.

For financial assets carried at cost, the amount of impairment loss is measured as the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment loss will not be reversed in subsequent periods.

For financial assets carried at amortised cost, an impairment loss is recognised in profit or loss when there is objective evidence that the asset is impaired, and is measured as the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the original effective interest rate.

金融工具（續）金融資產減值虧損（續）

就貸款及應收賬款而言，減值之客觀證據可能包括：

發行人或交易對方出現重大財政困難；或
違反合約，例如拖欠或逾期償還利息或本金；或
借款人將很有可能進入破產程序或進行財務重組。

對若干類別的金融資產而言，例如應收貿易賬款，並無個別被評估為已減值的資產將於其後按組合基準評估減值。應收賬款組合減值的客觀證據可包括本集團過往的收款經驗，以及組合內超逾平均信貸期 90 天的延遲付款的宗數增加的現象。

就按成本列值之金融資產而言，減值虧損金額乃按資產賬面值及按類似金融資產之現行市場回報率貼現之估計未來現金流現值間之差額計量。有關減值虧損將不會於往後期間撥回。

就按攤銷成本列賬之金融資產而言，當有客觀證明資產已減值，將會在損益中確認減值虧損，並按資產賬面值與按原有實際利率折算的估計未來現金流量的現值兩者間之差異計量。

SIM Technology Group Limited Annual Report 2015

112

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Financial instruments (continued)

Impairment loss on financial assets (continued)

The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with the exception of trade receivables, where the carrying amount is reduced through the use of an allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss. When a debtor is considered uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited to profit or loss.

For financial assets measured at amortised cost, if, in a subsequent period, the amount of impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment loss was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent that the carrying amount of the asset at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised.

Impairment losses on available-for-sale equity investments will not be reversed through profit or loss.

Financial liabilities and equity instruments

Debt and equity instruments issued by a group entity are classified as either financial liabilities or as equity instruments in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities. Equity instruments issued by the Group are recognised at the proceeds received, net of direct issue costs.

金融工具（續）

金融資產減值虧損（續）

除應收貿易賬款賬面值是通過計提壞賬準備削減外，所有金融資產之賬面值是直接按減值虧損予以削減。壞賬準備賬面值之變動被計入損益內確認。當應收賬款被認為不可收回，其將從壞賬準備上撇銷。隨後追回以前撇銷之款項會計入損益。

就按攤銷成本計量的金融資產而言，如在其後的某一期間，減值虧損的金額減少而有關的減少為可與確認減值虧損後發生的事件客觀地關連，之前已確認的減值虧損將透過損益撥回，並以該項資產於撥回減值日期的賬面值不超出倘並無確認該等減值原應有的攤銷成本為前提進行撥回。

可供出售股本投資之減值虧損將不會透過損益撥回。

金融負債及股本工具

某一集團實體所發行之債務及股本工具乃根據所訂立的合約安排的內容以及金融負債和股本工具的定義，分類為金融負債或為股本工具。

股本工具

股本工具為證明於本集團資產之餘額權益經扣除其所有負債後之任何合約。本集團發行之股本工具以已收所得款項扣除直接發行成本後確認。

晨訊科技集團有限公司 二零一五年年報

113

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES

3. 重大會計政策（續）

(continued)

Financial instruments (continued)

Financial liabilities and equity instruments (continued)

Effective interest method

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or, where appropriate, a shorter period, to the net carrying amount on initial recognition.

Interest expense is recognised on an effective interest basis.

Financial liabilities

Financial liabilities (including trade and notes payables, other payables and accruals, amounts due to non-controlling shareholders of subsidiaries and an associate and bank borrowings) are initially measured at fair values and subsequently measured at amortised cost using the effective interest method.

Derecognition

The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity.

On derecognition of a financial asset in its entirety, the difference between the asset’s carrying amount and the sum of the consideration received and receivable and is recognised in profit or loss.

Financial liabilities are derecognised when the obligation specified in the relevant contract is discharged, cancelled or expired. The difference between the carrying amount of the financial liability derecognised and the consideration paid or payable is recognised in profit or loss.

金融工具（續）金融負債及股本工具（續）

實際利率法

實際利率法乃計算金融負債之攤銷成本及於有關期間攤分利息支出之方法。實際利率為實際於該項金融負債的預計年期或（如適用）初次確認賬面淨值的較短期間折現預計未來現金收入（包括所支付或收取構成整體實際利息一部分之費用、交易成本及其他溢價或折讓）之利率。

利息支出按實際利率基準確認。

金融負債

金融負債（包括應付貿易賬款及票據、其他應付款項及應計費用、應付附屬公司及一間聯營公司非控股股東款項及銀行借貸）初步按公平值計量，其後則使用實際利率法按攤銷成本計量。

終止確認

倘從資產收取現金流的合約權利已到期，或本集團將其金融資產或該等資產擁有權的絕大部份風險及回報轉移予另一實體時，本集團方會取消確認該金融資產。

於完全取消確認一項金融資產時，該資產賬面值與已收及應收代價金額總額之差額，並於損益中確認。

金融負債於有關合約的特定責任獲解除、取消或到期時終止確認。終止確認的金融負債賬面值與已付或應付代價的差額乃於損益中確認。

SIM Technology Group Limited Annual Report 2015

114

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. SIGNIFICANT ACCOUNTING POLICIES-

3. 重大會計政策（續）

(continued)

Equity-settled share-based payment transactions

Share options granted to employees and other providing similar services as employees

The fair value of services received determined by reference to the fair value of share options granted at the grant date is expensed on a straight-line basis over the vesting period, with a corresponding increase in equity (share option reserve).

At the end of the reporting period, the Group revises its estimates of the number of options that are expected to ultimately vest. The impact of the revision of the original estimates, if any, is recognised in profit or loss such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to share option reserve.

At the time when the share options are exercised, the amount previously recognised in share option reserve will be transferred to share premium. When the share options are forfeited after the vesting date or still not exercised at the expiry date, the amount previously recognised in share option reserve will be transferred to accumulated profits.

4. KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Group’s accounting policies, which are described in note 3, the Directors of the Company are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

以權益結算股份付款之交易

授予僱員及其他提供與僱員類似服務之人士之購股權

已接獲服務之公平值參考於授出日期所授出購股權之公平值釐定，以直線法於歸屬期支銷，並於權益中相應增加（購股權儲備）。

於報告期末，本集團修正其最終預算歸屬購股權數量之估計。修正原有估計之影響（如有）乃於損益中確認，以於累計開支中反映修正估計，並於購股權儲備中作相對應的調整。

於行使購股權時，以往於購股權儲備確認之款項，將撥入股份溢價。當購股權於屆滿日期仍未行使或購股權於歸屬期後失效時，以往於購股權儲備確認之款項，將撥入累計溢利。

4. 估計不確定性的主要來源

應用本集團於附註 3 詳述的會計政策時，本公司董事須就無法從其他來源取得可靠依據的資產及負債的賬面值作出判斷、估計及假設。該等估計及相關假設乃基於過往經驗及其他被視為相關的因素而作出，因此，實際結果或會有別於該等估計。

有關估計及假設須持續檢討。倘會計估計的修訂僅影響作出修訂的期間，則有關修訂會在該期間確認。倘修訂對現時及未來期間均有影響，則須在作出修訂的期間及未來期間確認。

晨訊科技集團有限公司 二零一五年年報

115

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. KEY SOURCES OF ESTIMATION UNCERTAINTY (continued)

The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Allowances for inventories

The management of the Group reviews an aging analysis at the end of the reporting period and makes allowance for obsolete and slow-moving inventory items identified that are no longer suitable for use in production or sale. The management estimates the net realisable value for such finished goods and raw materials based primarily on the latest selling and purchase prices and current market conditions. The Group carries out an inventory review on a product-byproduct basis at the end of the reporting period and makes allowance for obsolete items. If the market condition was to deteriorate, resulting in a lower net realisable value for such finished goods and raw materials, additional allowances may be required. As at 31 December 2015, the carrying amount of inventories is approximately HK$668,271,000 (2014: HK$354,365,000). During the year ended 31 December 2014, reversal of allowance of inventories of HK$12,876,000 was credited to profit or loss.

Collectability of entrusted loan receivables

When there is objective evidence of impairment loss on entrusted loan receivables, the Group estimates the future cash flows of entrusted loan receivables for impairment testing purpose. The amount of the impairment loss is measured as the difference between the entrusted loan receivable’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate (i.e. the effective interest rate computed at initial recognition). Where the actual future cash flows are less than expected, a material impairment loss may arise in future financial periods. The aggregate carrying value of entrusted loan receivables at 31 December 2015 was HK$121,952,000 (2014: HK$167,315,000).

4. 估計不確定性的主要來源（續）

以下為於報告期末有關未來之主要假設及估計不確定性的其他主要來源，其有極高風險導致於下一個財政年度內對資產及負債之賬面值作重大調整。

存貨撥備

本集團之管理層於報告期末審閱賬齡分析，並就被認定有不再適合作生產或銷售之陳舊或滯銷存貨項目作出撥備。管理層主要根據最近期買賣價格及當時之市況而估計該等製成品及原材料之可變現淨值。本集團於報告期末按產品基準進行存貨審閱及對陳舊項目作出撥備。倘若市況轉差，導致該等製成品及原材料可變現淨值下降，則可能需要作出額外撥備。於二零一五年十二月三十一日，存貨賬面值約為 668,271,000 港元（二零一四年：354,365,000 港元）。截至二零一四年十二月三十一日止年度，存貨撥備撥回約 12,876,000 港元已計入損益中。

應收委託貸款之可收回性

倘有客觀證據顯示應收委託貸款出現減值虧損，本集團會估計應收委託貸款之未來現金流以進行減值測試。減值虧損金額乃按應收委託貸款賬面值及按金融資產原實際利率（即初步確認時計算之實際利率）貼現之估計未來現金流（不包括尚未產生之未來信貸虧損）現值間之差額計量。倘實際未來現金流入少於預期，則未來財務期間或會出現重大減值虧損。於二零一五年十二月三十一日，應收委託貸款之總賬面值為 121,952,000 港元（二零一四年︰ 167,315,000 港元）。

SIM Technology Group Limited Annual Report 2015

116

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. KEY SOURCES OF ESTIMATION UNCERTAINTY (continued)

Impairment of trade receivables

In estimating whether allowance for bad and doubtful debts is required, the Group takes into consideration the ageing status and the likelihood of collection. When there is objective evidence of impairment loss, the Group takes into consideration the estimation of future cash flows. The amount of the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that have not been incurred) discounted at the financial asset’s original effective interest rate. Where the actual future cash flows are less than expected, a material impairment loss may arise. As at 31 December 2015, the net carrying amounts of trade receivables are approximately HK$274,765,000 (2014: HK$240,086,000). During the year ended 31 December 2015, net allowance for bad and doubtful debts of HK$603,000 (2014: nil) is charged to profit or loss. Details of trade receivables are disclosed in note 28.

Estimated impairment of intangible assets

Determining whether development costs included in intangible assets are individually impaired requires an estimation of the value in use calculation by reference to the cash flow projections prepared in accordance with the signed sales contracts of respective projects. Where the actual future cash flows are less than expected, an impairment loss may arise. As at 31 December 2015, the carrying amount of development costs is approximately HK$115,150,000 (2014: HK$73,184,000). Details of the recoverable amount calculation of development costs are disclosed in note 20.

Land appreciation tax (“LAT”)

The Group is subject to LAT in the PRC. However, the implementation and settlement of the tax varies amongst different tax jurisdictions in various cities of the PRC and certain projects of the Group have not yet finalised their land appreciation tax calculations and payments with any local tax authorities in the PRC. Accordingly, significant judgment is required in determining the amount of land appreciation and its related income tax provisions. The Group recognised the LAT based on management’s best estimates. The final tax outcome could be different from the amounts that were initially recorded, and these differences will impact the income tax expense and the related income tax provisions in the periods in which such tax is finalised with local tax authorities.

4. 估計不確定性的主要來源（續）

應收貿易賬款減值

本集團於估計是否須就呆壞賬撥備時，會考慮賬齡情況及收回的可能性。倘有客觀證據顯示出現減值虧損，本集團會考慮未來現金流量的估計。減值虧損金額乃按資產賬面值與按金融資產原實際利率貼現之估計未來現金流（不包括尚未產生之未來信貸虧損）現值間之差額計量。倘實際未來現金流少於預期，則可能會產生重大減值虧損。於二零一五年十二月三十一日，應收貿易賬款之賬面淨值約為 274,765,000 港元（二零一四年：240,086,000 港元）。截至二零一五年十二月三十一日止年度，呆壞賬撥備 603,000 港元（二零一四年：無）已於損益中扣除。應收貿易賬款的詳情於附註 28 中披露。

無形資產之估計減值

於釐訂計入無形資產之開發成本是否個別出現減值時，需要估計參考根據各項目已簽訂銷售合約編製的現金流預測計算的使用價值。倘實際現金流少於預期，則會出現減值虧損。於二零一五年十二月三十一日，開發成本之賬面值約為 115,150,000 港元（二零一四年︰ 73,184,000 港元）。有關計算開發成本可收回金額之詳情於附註 20 中披露。

土地增值稅

本集團於中國需要繳納土地增值稅。然而，中國不同城市之稅務司法權區對稅項之落實及支付措施均有所不同，而本集團仍有若干項目未完成計算其土地增值稅金額及向中國當地稅務機關支付稅項。因此，於釐定土地增值金額及相關所得稅撥備金額時需要作出重大判斷。本集團根據管理層之最佳估算確認土地增值稅。最終稅務結果可能與初步入賬之金額有所不同，有關差異將對與當地稅務機關確定最終稅項期間之所得稅開支及相關所得稅撥備造成影響。

晨訊科技集團有限公司 二零一五年年報

117

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. KEY SOURCES OF ESTIMATION UNCERTAINTY (continued)

Estimated of fair value of investment properties

Investment properties were revalued at the end of the reporting period using income approach by independent qualified professional valuer. Such valuation was based on certain assumptions, which are subject to uncertainty and might materially differ from the actual results. In making the valuation, the Group’s management has made estimates concerning rental yield for rental income to be generated by the investment properties. The assumptions used are intended to reflect conditions existing at the end of the reporting period. Where there are any changes in the assumptions due to the market conditions in the PRC, the estimate of fair value of investment properties may be significantly affected. As at 31 December 2015, investment properties of approximately HK$355,981,000 (2014: HK$363,850,000) were revalued.

Deferred taxation on investment properties

For the purposes of measuring deferred taxation arising from investment properties that are measured using the fair value model, the Directors of the Company have reviewed the Group’s investment property portfolios and concluded that the Group’s investment properties are held under a business model whose objective is to consume substantially all of the economic benefits embodied in the investment properties over time, rather than through sale. Therefore, in measuring the Group’s deferred taxation on investment properties, the Directors have determined that the presumption that the carrying amounts of investment properties measured using the fair value model are recovered entirely through sale is rebutted. Accordingly, deferred taxation in relation to the Group’s investment properties has been measured in accordance with the general principles set out in IAS 12.

Valuation process

The chief financial officer of the Company is responsible to determine the appropriate valuation techniques and inputs for fair value measurements.

In estimating the fair value of an asset or a liability, the Group uses market-observable data to the extent it is available. Where Level 1 inputs are not available, the Group engaged third party qualified valuers to perform the valuation. The chief financial officer works closely with qualified external valuers to establish the appropriate valuation techniques and inputs to the model. The chief financial officer reports to executive Directors semi-annually to explain the cause of fluctuations in the fair value of the assets.

4. 估計不確定性的主要來源（續）

估計投資物業之公平值

投資物業之價值會於報告期末由獨立合資格專業估值師利用收入法進行重估。有關重估乃基於若干假設進行，當中涉及不確定性，並可能與實際業績存在重大差異。在作出估值時，本集團管理層已就投資物業將產生之租金收入相關之租金收益率作出估計。所使用之假設乃為反映於報告期末出現之情況。倘有關假設因中國市場狀況出現任何變動，將可能對投資物業之估計公平值造成重大影響。於二零一五年十二月三十一日，約有 355,981,000 港元（二零一四年︰363,850,000 港元）之投資物業被重估。

投資物業之遞延稅項

為計算以公平值模式計量之投資物業所產生之遞延稅項，本公司董事已審閱本集團之投資物業組合，並認為本集團之投資物業乃透過目的為隨時間（而非透過出售）消耗投資物業絕大部分內在經濟利益之業務模式持有。因此，於計量本集團投資物業之遞延稅項時，董事確定透過出售全數收回以公平值模式計量之投資物業賬面值之假設已被推翻。因此，有關本集團投資物業之遞延稅項已按照國際會計準則第 12 號所載之一般原則計量。

估值過程

本公司之財務總監負責決定計量公平值時所採用之合適估值方法及輸入數據。

在估計資產或負債之公平值時，本集團採用可取得之可觀察市場數據。倘無法獲取第一級輸入數據，本集團會委聘第三方合資格估值師進行估值。財務總監與合資格外聘估值師緊密合作，以制定合適的估值方法及輸入模型數據。財務總監每半年度向執行董事匯報，解說資產公平值波動之因由。

SIM Technology Group Limited Annual Report 2015

118

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. KEY SOURCES OF ESTIMATION UNCERTAINTY (continued)

4. 估計不確定性的主要來源（續）

Valuation process (continued)

The Group uses valuation techniques that include inputs that are not based on observable market date to estimate the fair value of investment properties. Note 16 provides detailed information about the valuation techniques, inputs and assumptions used in the determination of the fair value of investment properties.

估值過程（續）

本集團估計投資物業之公平值時採用之估值方法涉及並非以可觀察市場日期為基礎之輸入數據。有關釐定投資物業公平值時採用之估值方法、輸入數據及假設之資料，詳載於附註 16。

5. FINANCIAL INSTRUMENTS

5. 金融工具

Capital risk management

The Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while maximising the return to shareholders through the optimisation of the debt and equity balance. The capital structure of the Group consists of debts, which include the bank borrowings and equity attributable to owners of the Company, comprising issued share capital, reserves and accumulated profits. The management reviews the capital structure by considering the cost of capital and the risks associated with each class of capital. In view of this, the Group will balance its overall capital structure through the payment of dividends, new share issues as well as the issue of new debt or the redemption of existing debt. The Group’s overall strategy remains unchanged throughout the year.

資本風險管理

本集團管理資本之目的為透過優化債務權益之平衡，確保本集團旗下各實體有能力繼續以持續基準經營，並同時為股東帶來最高回報。本集團之資本結構包括債務（其包括銀行借貸）及本公司擁有人應佔權益（包括已發行股本、儲備及累計溢利）。管理層審閱資本結構時會考慮資本成本及與各類資本相關之風險。就此，本集團將透過支付股息、發行新股以及發行新債或贖回現有債務平衡整體資本結構。本集團之整體策略於本年度內維持不變。

Categories of financial instruments

金融工具類別

Financial assets 金融資產 Loans and receivables (including 貸款與應收賬款 cash and cash equivalents) （包括現金及現金等值項目） Available-for-sale investments 可供出售之投資 Financial assets designated 指定為透過損益按公平值 as at FVTPL 列賬之金融資產 Financial liabilities 金融負債 Amortised cost 已攤銷成本	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 951,963 872,256 16,875 16,875 – 41,441
	1,056,672 801,951

晨訊科技集團有限公司 二零一五年年報

119

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

5. FINANCIAL INSTRUMENTS (continued)

Financial risk management objectives and policies

The Group’s major financial instruments include available-forsale investments, trade and notes receivables and payables, other receivables and payables, accruals, finance lease receivables, entrusted loan receivables, amounts due from non-controlling shareholders of subsidiaries, consideration receivable, amounts due to non-controlling shareholders of subsidiaries and an associate, pledged bank deposits, structured deposits, bank balances and bank borrowings. Details of these financial instruments are disclosed in the respective notes. The risks associated with these financial instruments and the policies on how to mitigate these risks are set out below. Management manages and monitors these exposures to ensure appropriate measures are implemented on a timely and effective manner.

Currency risk

Several subsidiaries of the Group have foreign currency sales and purchases, which expose the Group to foreign currency risk. Approximately 40% (2014: 82%) of the Group’s sales are denominated in currencies other than the functional currency of the group entity making the sale, whilst almost 65% (2014: 82%) of costs are denominated in the group entity’s functional currency.

At the end of the reporting period, the major financial assets and liabilities of the Group denominated in currencies other than the functional currency of the respective group entities are trade receivables, bank balances, trade and notes payables and bank borrowings and the amounts are disclosed in notes 28, 29, 31 and 32 respectively.

5. 金融工具（續）

財務風險管理的目標與政策

本集團之主要金融工具包括可供出售投資、應收及應付貿易賬款及票據、其他應收及應付賬款、應計費用、應收融資租賃、應收委託貸款、應收附屬公司非控股股東款項、應收代價、應付附屬公司股東及一間聯營公司款項、已抵押銀行存款、結構性存款、銀行結餘及銀行借貸。該等金融工具之詳情於有關附註中披露。與該等金融工具相關之風險以及有關減低該等風險之政策載於下文。管理層管理及監察該等風險，以確保能及時和有效採取適當措施。

貨幣風險

本集團多家附屬公司以外幣進行買賣，令本集團面對外幣風險。本集團銷售額約 40%（二零一四年：82%）以集團實體進行買賣的功能貨幣以外的貨幣計值，而約 65%（二零一四年： 82%）的成本是以集團實體的功能貨幣計值。

於報告期末，本集團以各自集團實體功能貨幣以外的貨幣計值的主要金融資產及負債為應收貿易賬款、銀行結餘、應付貿易賬款及票據及銀行借貸，其相關金額分別於附註28、29、31 及 32 中披露。

SIM Technology Group Limited Annual Report 2015

120

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

5. FINANCIAL INSTRUMENTS (continued)

5. 金融工具（續）

Financial risk management objectives and policies

財務風險管理的目標與政策（續）

(continued)

Currency risk (continued)

The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities at the end of reporting period are as follows:

貨幣風險（續）

於報告期末，本集團以外幣計值的貨幣資產及貨幣負債的賬面值如下：

United States Dollars (“USD”) 美元	Assets Liabilities 資產負債 2015 2014 2015 2014 二零一五年二零一四年二零一五年二零一四年 HK$’000 HK$’000 HK$’000 HK$’000 千港元千港元千港元千港元 141,927 133,624 484,462 432,008

Management monitors foreign exchange exposure and will consider hedging significant foreign currency expose should the need arise.

管理層會監察外匯風險，並於有需要時考慮對沖重大外幣風險。

Sensitivity analysis

The following table details the Group’s sensitivity to a 10% (2014: 10%) increase and decrease in RMB against USD. 10% (2014: 10%) represents management’s assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and foreign currency forward contracts and adjusts their translation at the end of the reporting period for a 10% (2014: 10%) change in foreign currency rates. A positive number below indicates an increase in post-tax profit where RMB strengthen 10% against USD for the both years. For a 10% weakening of RMB against USD, there would be an equal and opposite impact on the post-tax profit and the balances below would be negative.

敏感度分析

下表詳細列出本集團對於人民幣兌美元升值╱貶值 10%（二零一四年：10%）的敏感度。 10%（二零一四年：10%）代表管理層所評估外匯匯率可能出現的合理變動。敏感度分析僅包括以外幣計值的未償還貨幣項目及外幣遠期合約，並以匯率出現 10%（二零一四年︰10%）變動對其於報告期末的換算金額作出調整。以下的正數代表人民幣兌美元在兩個年度升值 10% 的除稅後溢利增加。如人民幣兌美元貶值 10%，除稅後溢利將有相同但相反的影響，而結餘將會是負數。

晨訊科技集團有限公司 二零一五年年報

121

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

5. FINANCIAL INSTRUMENTS (continued)

Financial risk management objectives and policies (continued)

Currency risk (continued) Sensitivity analysis (continued)

Decrease in post-tax profit 除稅後溢利減少

Note : This is mainly attributable to the exposure on outstanding USD bank balances, receivables, payables and bank borrowings of the Group at the end of the reporting period.

Credit risk

The Group’s credit risk is primarily attributable to trade and notes receivables, other receivables, consideration receivable, entrusted loan receivables, structured deposits, pledged bank deposits, and bank balances.

The Group’s maximum exposure to credit risk in the event of the counterparties failure to perform their obligations as at 31 December 2015 and 2014 in relation to each class of recognised financial assets is the carrying amount of those assets as stated in the consolidated statement of financial position.

In order to minimise the credit risk, the management of the Group has delegated a team responsible for determination of credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Group reviews the recoverable amount of each individual debt at the end of the reporting period to ensure that adequate impairment losses are made for irrecoverable amounts. In this regard, the Directors of the Company consider that the Group’s credit risk is significantly reduced.

5. 金融工具（續）

財務風險管理的目標與政策（續）

貨幣風險（續）

敏感度分析（續）

）續）
2015	2014
二零一五年	二零一四年
HK$’000	HK$’000
千港元	千港元
24,205	22,231

附註：主要為來自本集團於報告期末以美元計值之未償還銀行結餘、應收及應付款項以及銀行借貸之風險。

信貸風險

本集團的信貸風險主要來自應收貿易賬款及票據、其他應收賬款、應收代價、應收委託貸款、結構性存款、已抵押銀行存款，以及銀行結餘。

於二零一五年及二零一四年十二月三十一日，本集團因對手方未能履行責任而就每類已確認金融資產所須承受之最大信貸風險，為該等資產於綜合財務狀況表內所示之賬面值。

為盡量減低信貸風險，本集團管理層已委派一支團隊負責釐定信貸限額、信貸審批及其他監察程序，以確保採取跟進措施收回逾期債務。此外，本集團會於報告期末審閱各項債務的可收回金額，以確保就不可收回金額計提合適的減值虧損。就此而言，本公司董事認為本集團的信貸風險已顯著減低。

SIM Technology Group Limited Annual Report 2015

122

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

5. FINANCIAL INSTRUMENTS (continued)

Financial risk management objectives and policies

5. 金融工具（續）

財務風險管理的目標與政策（續）

(continued)

Credit risk (continued)

As at 31 December 2015, the Group invested into four (2014: six) entrusted loan agreements (details are set out in note 22). Under the entrusted loan agreements, the Group provided funding to loan borrowers through licensed asset managers and/or licensed banks, which acted as the assets managers and trustees respectively. The asset managers and the trustee banks do not bear the credit risk of the entrusted loan receivables. Before entering into these agreements, the Group assesses the credit quality of the loan borrowers and defines the terms of the loans. The Group has concentration of risk on the entrusted loan receivables as the loans are made to three (2014: two) entrusted loan borrowers. During the year ended 31 December 2015, the Group received interest income of HK$12,787,000 (2014: HK$12,417,000) and recognised as other income. In view of the timely interest repayment, in the opinion of the Directors, the credit risk in respect to the entrusted loan receivables could be monitored.

The Group’s bank balances and cash are deposited with banks in Hong Kong and the PRC and the Group has limited the exposure to any single financial institution. In addition, the Group’s structured deposit is also deposited with a bank in the PRC. The credit risk on liquid funds is limited because the counterparties are banks with good credit-rating.

The Group has concentration of credit risks with exposure limited to certain customers. As at 31 December 2015, five (2014: five) customers amounting to HK$86,178,000 (2014: HK$127,025,000) comprised approximately 31% (2014: 53%) of the Group’s trade receivables. These customers are within the same mobile phone technology industry in the PRC and Taiwan. The management closely monitors the subsequent settlement of the customers. In this regard, the Directors of the Company consider that the Group’s credit risk is significantly reduced.

信貸風險（續）

於二零一五年十二月三十一日，本集團投資於四份（二零一四年：六份）委託貸款協議（詳情載於附註 22）。根據委託貸款協議，本集團透過持牌資產管理人及╱或持牌銀行（分別作為資產管理人及受託人）向貸款借款人提供資金。於兩種情形下，受託銀行及╱或資產管理人並無承擔應收委託貸款之任何信貸風險。本集團訂立該等協議前，已評估貸款借款人之信貸質素，並且界定貸款年期。本集團向三名（二零一四年：兩名）委託貸款借款人提供應收委託貸款，因而就該等貸款而有集中風險。於截至二零一五年十二月三十一日止年度，本集團已收取利息收入 12,787,000 港元（二零一四年：12,417,000 港元），並確認為其他收入。董事認為，基於利息按時償付，就應收委託貸款承擔之信貸風險在可監察範圍。

本集團之銀行結餘及現金存於多間香港及中國之銀行，故本集團就任何單一財務機構承擔之風險有限。此外，本集團之結構性存款亦存放於中國一間銀行。流動資金之信貸風險有限，因為交易對方均為具良好信貸評級之銀行。

本集團存在信貸風險集中的情況，風險集中於若干客戶。於二零一五年十二月三十一日，五名（二零一四年：五名）客戶佔本集團的應收貿易賬款 86,178,000 港元（二零一四年： 127,025,000 港元），相當於總額約 31%（二零一四年：53%）。該等客戶位於中國及台灣同樣從事移動電話技術行業。管理層將密切監察該等客戶往後之結算情況。就此而言，本公司董事認為本集團之信貸風險已大大降低。

晨訊科技集團有限公司 二零一五年年報

123

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

5. FINANCIAL INSTRUMENTS (continued)

Financial risk management objectives and policies

5. 金融工具（續）

財務風險管理的目標與政策（續）

(continued)

Liquidity risk

In the management of the liquidity risk, the Group monitors and maintains a level of cash and cash equivalents deemed adequate by the management to finance the Group’s operations and mitigate the effects of fluctuations in cash flows. The management monitors the utilisation of bank borrowings and ensures compliance with loan covenants.

As at 31 December 2015, the carrying amount of bank borrowings amounted to HK$333,520,000 (2014: HK$318,960,000). All such bank borrowings included a repayment on demand clause exercisable at any time by the relevant banks and are classified as current liabilities. In accordance with the scheduled repayment dates set out in the loan agreements, the aggregate principal and interest cash outflows amount to HK$334,957,000 (2014: HK$322,858,000). However, should the relevant banks exercise their rights to demand immediate repayment, the principal amounts of these bank borrowings amounting to HK$333,520,000 (2014: HK$318,960,000) will be repayable on demand. Taking into account the Group’s financial position, the Directors of the Company do not believe that it is probable that the banks will exercise their discretionary rights to demand immediate repayment.

The Directors consider that liquidity risk is limited after considering the future cash flows of the Group in the foreseeable future, including the repayment schedule of bank borrowings as discussed above and the short-term liabilities which are required to be repaid within three months from the end of the reporting period. The Group manages liquidity risk by maintaining adequate reserves by continuously monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities.

流動資金風險

管理流動資金風險方面，本集團會監察及維持現金及現金等值項目於管理層視為充足的水平，以應付本集團營運所需，並降低現金流量波動之影響。管理層會監察銀行借貸之運用，以確保符合貸款契諾。

於二零一五年十二月三十一日，銀行借貸的賬面值達 333,520,000 港元（二零一四年： 318,960,000 港元）。所有銀行借貸均載有銀行可於任何時間行使的按要求償還條款，因而分類為流動負債。根據借貸協議中的償還日期，本金及利息現金流出總額為 334,957,000 港元（二零一四年：322,858,000 港元）。然而，如有關銀行行使權利要求即時還款，該等銀行借貸之本金額 333,520,000 港元（二零一四年： 318,960,000 港元）將須於要求時償還。考慮到本集團的財務狀況，本公司董事認為銀行不大可能行使其酌情權要求即時償還。

考慮到本集團在可見將來的未來現金流（包括上文所討論的銀行借貸還款時間及需於報告期末後三個月內償還的短期債務）之後，董事認為流動資金風險有限。本集團通過持續監察預期與實際現金流，並將金融資產與負債的到期日相配以維持適當的儲備，從而管理流動資金風險。

SIM Technology Group Limited Annual Report 2015

124

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

5. FINANCIAL INSTRUMENTS (continued)

Financial risk management objectives and policies

5. 金融工具（續）

財務風險管理的目標與政策（續）

(continued)

Interest rate risk

The Group’s fair value interest rate risk relates primarily to its entrusted loan receivables.

As at 31 December 2015 and 2014, the Group is exposed to cash flow interest rate risk in relation to variable-rate bank borrowings and bank balances.

The Group currently does not have a cash flow interest rate hedging policy. However, the management closely monitors its exposure to future cash flow risk as a result of change on market interest rate and will consider hedging changes in market interest rates should the need arise. A 100 basis point (2014: 100 basis point) change represents management’s assessment of the reasonably possible change in interest rates.

The Group’s cash flow interest rate risk is mainly concentrated on the fluctuation of London Interbank Offered Rate (“LIBOR”) and Loan Prime Rate (“LPR”) arising from the Group’s variable interest rate bank borrowings.

Sensitivity analysis

The management considers that the Group’s exposure to future cash flow risk on variable-rate bank balances as a result of the change of market interest rate is insignificant and thus variable-rate bank balances are not included in the sensitivity analysis.

The sensitivity analysis is prepared assuming the financial instruments outstanding at the end of the reporting period were outstanding for the whole year. If the interest rate of bank borrowings had been 100 basis point (2014: 100 basis point) higher/lower and all other variables were held constant, the Group’s post-tax profit for the year ended 31 December 2015 would decrease/increase by HK$2,636,000 (2014: HK$2,525,000). This is mainly attributable to the Group’s exposure to interest rates on its variable-rate bank borrowings.

利率風險

本集團公平值利率風險主要與其應收委託貸款有關。

於二零一五年及二零一四年十二月三十一日，本集團就浮息銀行借貸及銀行結餘承受現金流利率風險。

本集團現時並無現金流利率對沖政策。然而，管理層嚴密監控因市場利率變動而承受之未來現金流風險，並將於需要時考慮對沖市場利率之變動。100個基點（二零一四年：100個基點）之變動乃代表管理層所評估利率可能出現之合理變動。

本集團現金流動利率風險主要集中在本集團浮息銀行借貸產生之倫敦銀行同業拆息（「倫敦銀行同業拆息」）及貸款基礎利率（「貸款基礎利率」）波動。

敏感度分析

管理層認為，本集團因市場利率變動向浮息銀行結餘承受之未來現金流風險不大，因此，敏感度分析並無包括浮息銀行結餘。

編製敏感度分析乃假設在報告期末尚未償還的金融工具於整年內未償還。如銀行借貸利率上升╱下降 100 基點（二零一四年：100 基點）而所有其他變數維持不變，本集團截至二零一五年十二月三十一日止年度的除稅後溢利將會減少╱增加 2,636,000 港元（二零一四年： 2,525,000 港元）。這主要是由於本集團浮息銀行借貸的利率風險所致。

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

5. FINANCIAL INSTRUMENTS (continued)

5. 金融工具（續）

Fair value measurements of financial instruments

This note provides information about how the Group determines fair values of various financial assets.

金融工具之公平值計量

本附註提供有關本集團如何釐定不同金融資產公平值之資料。

Fair value of the Group’s financial assets that are measured at fair value on a recurring basis

As at 31 December 2014, the Group’s structured deposits were measured at fair value. The following table gives information about how the fair values of structured deposits were determined (in particular, the valuation technique(s) and inputs used).

本集團按經常基準透過損益按公平值列賬之金融資產之公平值

於二零一四年十二月三十一日，本集團結構性存款之公平值計量。下表載列有關如何釐定結構性存款公平值之資料（尤其是所採用之估值方法及輸入數據）。

Fair value as at 31 December 於十二月三十一日之公平值 Financial assets 2015 2014 金融資產二零一五年 二零一四年 – Structured deposits HK$41,441,00 結構性存款 – 41,441,00 港元

Valuation technique(s) Fair value and key input(s) hierarchy 估值方法及公平值等級主要輸入數據 Level 2 Quoted redemption 第二級 prices by the counterparty bank 對手方銀行所報贖回價

There were no transfers between Level 1 and 2 during both years.

於該兩個年度第一級與第二級之間並無轉撥。

Fair value of the Group’s financial assets and financial liabilities that are not measured at fair value on a recurring basis

The management of the Group estimates the fair value of its financial assets and financial liabilities measured at amortised cost using the discounted cash flows analysis.

本集團並非按經常基準以公平值計量之金融資產及金融負債之公平值

本集團管理層根據貼現現金流量分析，估計其以攤銷成本計量之金融資產及金融負債之公平值。

The management of the Group considers that the carrying amounts of financial assets and financial liabilities recorded at amortised cost in the consolidated statement of financial position approximate their fair values.

本集團管理層認為，於綜合財務狀況表以攤銷成本入賬之金融資產及金融負債之賬面值與其公平值相若。

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

6. REVENUE

Revenue represents the amounts received and receivable for goods sold net of discounts and sales related taxes, interest income generated from equipment financial leasing to outsiders and service income generated from service provided to outsiders.

7. SEGMENT INFORMATION

Information reported to the executive Directors, being the chief operating decision maker, for the purposes of resource allocation and assessment of segment performance focuses on types of goods delivered.

During the year ended 31 December 2015, the Group was organised into six (2014: five) reportable and operating segments, being sale of handsets and solutions, sale of display modules, sale of wireless communication modules, internet of things business, intelligent manufacturing business and property development. During the year ended 31 December 2015, the Group started intelligent manufacturing business. Intelligent manufacturing business is principally selling equipment and providing services to customers, who are mainly manufacturers, to enhance the production efficiency of the customers through automation and intellectualisation of manufacturing process. The executive Directors consider this is a separate reportable and operating segment to the Group. These reportable and operating segments are the basis of the internal reports about components of the Group that are regularly reviewed by the executive Directors in order to allocate resources to segments and to assess their performance.

6. 收入

收入指已售貨物扣除折扣及銷售相關稅項後的已收款項及應收賬款、向外界融資租賃設備所產生的利息收入及向外界提供服務所產生的服務收入。

7. 分類資料

為就資源分配及分類業績評估向執行董事（即主要營運決策者）報告之資料，乃按交付貨物的類型而呈列。

截至二零一五年十二月三十一日止年度，本集團已分有六個（二零一四年：五個）可呈報及營運分類，即銷售手機及解決方案、銷售顯示模塊、銷售無線通訊模塊、物聯網業務、智能製造業務及物業發展。截至二零一五年十二月三十一日止年度，本集團展開智能製造業務。智能製造業務主要向客戶（主要為生產商）銷售設備及提供服務，透過生產過程自動化及智能化提升客戶的生產效率。執行董事認為，該營運分類為本集團的獨立可呈報及營運分類。該等可呈報及營運分類為執行董事所定期審閱有關本集團組成部分之內部報告的基礎，用以分配資源予分類並評估表現。

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Segment revenue and results

The following is an analysis of the Group’s revenue and results by reportable and operating segment.

分類收入及業績

下表為本集團按可呈報及營運分類之收入及業績分析：

For the year ended 31 December 2015

截至二零一五年十二月三十一日止年度

Revenue 收入 External sales 對外銷售 Segment profit (loss) 分類溢利（虧損） Other income and 其他收入及其他 other gains and losses 收益及虧損 Share of results of associates 分佔聯營公司業績 Corporate expenses 公司開支 Finance costs 融資成本 Profit before taxation 除稅前溢利	Sale of Sale of handsets wireless Internet Intelligent Sale of and communication of things manufacturing display solutions modules business business modules Property Segments 銷售手機及銷售無線物聯網智能銷售 development total Consolidated 解決方案通訊模塊業務製造業務顯示模塊物業發展分類總額綜合 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 *(Note)* （附註） 2,043,240 638,847 272,990 80,301 – 161,911 3,197,289 3,197,289	Sale of Sale of handsets wireless Internet Intelligent Sale of and communication of things manufacturing display solutions modules business business modules Property Segments 銷售手機及銷售無線物聯網智能銷售 development total Consolidated 解決方案通訊模塊業務製造業務顯示模塊物業發展分類總額綜合 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 *(Note)* （附註） 2,043,240 638,847 272,990 80,301 – 161,911 3,197,289 3,197,289
	17,762 58,567 157 10,353 (5,031) 8,678 90,486 90,486 36,820 (1,261) (22,014) (14,381) 89,650

		89,650

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Segment revenue and results (continued)

For the year ended 31 December 2014

分類收入及業績（續）

截至二零一四年十二月三十一日止年度

Revenue 收入 External sales 對外銷售 Inter-segment sales 分類間銷售 Total 總額 Segment profit (loss) 分類溢利（虧損） Other income and 其他收入及其他 other gains and losses 收益及虧損 Corporate expenses 公司開支 Finance costs 融資成本 Profit before taxation 除稅前溢利	Sale of Sale of handsets wireless Internet Sale of and communication of things display solutions modules business modules Property Segments 銷售手機及銷售無線物聯銷售 development total Elimination Consolidated 解決方案通訊模塊網業務顯示模塊物業發展分類總額撇銷綜合 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 (Note) （附註） 1,511,532 557,309 57,766 14,590 211,156 2,352,353 – 2,352,353 – – – 1,029 – 1,029 (1,029) –	Sale of Sale of handsets wireless Internet Sale of and communication of things display solutions modules business modules Property Segments 銷售手機及銷售無線物聯銷售 development total Elimination Consolidated 解決方案通訊模塊網業務顯示模塊物業發展分類總額撇銷綜合 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 (Note) （附註） 1,511,532 557,309 57,766 14,590 211,156 2,352,353 – 2,352,353 – – – 1,029 – 1,029 (1,029) –
	1,511,532 557,309 57,766 15,619 211,156 2,353,382 (1,029) 2,352,353
	3,631 40,875 (15,587) (19,968) 21,865 30,816	– 30,816 49,008 (21,050) (8,599)

		50,175

Note: The internet of things business is still in a developing stage in the current year. The revenue of this segment represents the income generated from equipment finance lease service, sale of goods to vending machine customers and franchisees, and provision of procurement agency service.

附註：於本年度，物聯網業務仍處於發展階段。該分類的收入指設備融資租賃服務及向售賣機客戶及特許經營商銷售貨品，以及提供採購代理服務所產生的收入。

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

Segment revenue and results (continued)

The accounting policies of the reportable and operating segments are the same as the Group’s accounting policies described in note 3. Segment result represents the profit earned or loss incurred by each segment without allocation of gain from changes in fair values of investment properties, rental income, interest income, gain on disposal of a subsidiary, unallocated exchange loss, loss on disposal of property, plant and equipment, corporate expenses, share of results of associates, finance costs and taxation. This is the measure reported to the executive Directors for the purposes of resource allocation and performance assessment.

Inter-segment sales were charged at mutually agreed terms.

7. 分類資料（續）

分類收入及業績（續）

可呈報及營運分類之會計政策與附註 3 所述本集團之會計政策相同。分類業績代表每一分類在未分配投資物業公平值變動收益、租金收入、利息收入、出售一間附屬公司之收益、未分配匯兌虧損、出售物業、廠房及設備虧損、公司開支、分佔聯營公司業績、融資成本及稅項之情況下所產生之收益或虧損。此乃就資源分配及評估表現而向執行董事作出報告之方法。

分類間銷售按相互協定之條款收費。

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Segment assets and liabilities

The following is an analysis of the Group’s assets and liabilities by reportable and operating segment:

分類資產及負債

下表載列本集團按可呈報及營運分類劃分的資產及負債分析：

At 31 December 2015

於二零一五年十二月三十一日

Sale of Sale of handsets wireless Internet Intelligent Sale of and communication of things manufacturing display solutions modules business business modules Property 銷售手機銷售無線物聯網智能銷售 development 及解決方案通訊模塊業務製造業務顯示模塊物業發展 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 Segment assets 分類資產 1,057,811 348,219 211,472 135,349 – 602,675 Investment properties 投資物業 Property, plant and equipment 物業、廠房及設備 Land use rights 土地使用權 Deferred tax assets 遞延稅項資產 Entrusted loan receivables 應收委託貸款 Interests in associates 於聯營公司之權益 Available-for-sale investments 可供出售投資 Consideration receivable 應收代價 Amounts due from non-controlling 應收附屬公司非控股 shareholders of subsidiaries 股東款項 Other receivables, deposits and 其他應收賬款、按金 prepayments 及預付款項 Pledged bank deposits 已抵押銀行存款 Bank balances and cash 銀行結餘及現金 Asset classified as held for sale 分類為持作出售之資產 Consolidated assets 綜合資產 Segment liabilities 分類負債 – attributable to internet of things business －物聯網業務應佔 – – 12,673 – – – – attributable to property development －物業發展應佔 – – – – – 132,627 – attributable to intelligent －智能製造業務應佔 manufacturing business – – – 49,914 – – – attributable to operating segments －銷售顯示模塊、物聯網 other than sale of display modules, 業務、智能製造業務 internet of things business, intelligent 及物業發展以外的 manufacturing business and property 營運分類應佔（附註） development (note) Other payables, deposits received 其他應付賬款、已收按金 and accruals 及應計款項 Amounts due to non-controlling shareholders 應付附屬公司及一間聯營公司 of subsidiaries and an associate 非控股股東款項 Bank borrowings 銀行借貸 Tax payable 應付稅項 Deferred tax liabilities 遞延稅項負債 Liability associated with asset 分類為持作出售 classified as held for sale 資產之相關負債 Consolidated liabilities 綜合負債	Consolidated 綜合 HK$’000 千港元 2,355,526 355,981 28,615 16,768 45,487 121,952 5,333 16,875 2,560 8,504 9,854 102,864 298,386 27,384
	3,396,089
	12,673 132,627 49,914 736,504
	931,718
	17,808 18,097 333,520 8,229 63,528 24,805
	1,397,705

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Segment assets and liabilities (continued)

At 31 December 2014

分類資產及負債（續）

於二零一四年十二月三十一日

Sale of Sale of handsets wireless Sale of and communication Internet display solutions modules of things modules Property 銷售手機銷售無線 business 銷售 development 及解決方案通訊模塊物聯網業務顯示模塊物業發展 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 千港元千港元千港元千港元千港元 Segment assets 分類資產 750,620 503,089 83,981 64,542 617,044 Investment properties 投資物業 Property, plant and equipment 物業、廠房及設備 Land use rights 土地使用權 Deferred tax assets 遞延稅項資產 Entrusted loan receivables 應收委託貸款 Interest in an associate 於一間聯營公司之權益 Available-for-sale investments 可供出售投資 Other receivables, deposits and 其他應收賬款、按金 prepayments 及預付款項 Pledged bank deposits 已抵押銀行存款 Structured deposit 結構性存款 Bank balances and cash 銀行結餘及現金 Asset classified as held for sale 分類為持作出售之資產 Consolidated assets 綜合資產 Segment liabilities 分類負債 – attributable to internet of things business －物聯網業務應佔 – – 18,845 – – – attributable to sale of display modules －銷售顯示模塊應佔 – – – 75,506 – – attributable to property development －物業發展應佔 – – – – 154,227 – attributable to operating segments －銷售顯示模塊、物聯網 other than sale of display modules, 業務及物業發展 internet of things business and 以外的營運分類應佔 property development (note) （附註） Other payables, deposits received 其他應付賬款、已收按金 and accruals 及應計款項 Bank borrowings 銀行借貸 Tax payable 應付稅項 Deferred tax liabilities 遞延稅項負債 Liability associated with asset 分類為持作出售 classified as held for sale 資產之相關負債 Consolidated liabilities 綜合負債	Consolidated 綜合 HK$’000 千港元 2,019,276 363,850 31,909 17,982 47,556 167,315 1,694 16,875 5,043 40,913 41,441 291,762 28,967
	3,074,583
	18,845 75,506 154,227 405,072
	653,650
	18,108 318,960 7,758 61,401 16,252
	1,076,129

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Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

Segment assets and liabilities (continued)

Note : Liabilities attributable to reportable and operating segments other than sale of display modules, internet of things business, intelligent manufacturing business and property development represented payables to common suppliers of the reportable and operating segments other than sale of display modules, internet of things business, intelligent manufacturing business and property development, which cannot be allocated to the respective segments on a reasonable basis.

For the purposes of monitoring segment performances and allocating resources between segments:

all assets are allocated to reportable and operating segments other than investment properties, certain property, plant and equipment, certain land use rights, pledged bank deposits, structured deposits, bank balances and cash, entrusted loan receivables, interests in associates, available-for-sale investments, consideration receivable, deferred tax assets, certain other receivables, deposits and prepayments, amounts due from non-controlling shareholders of subsidiaries and asset classified as held for sale. Assets used jointly by operating segments are allocated on the basis of the revenues earned by individual operating segments; and
other than liabilities specifically identified for reportable and operating segments on sale of display modules, internet of things business, intelligent manufacturing business and property development, the remaining liabilities are allocated between payables jointly consumed by reportable and operating segments on sale of handsets and solutions and sale of wireless communication modules and corporate liabilities. Corporate liabilities include certain other payables, deposits received and accruals, tax payable, unallocated amounts due to non-controlling shareholders of subsidiaries and amount due to an associate, bank borrowings, deferred tax liabilities and liability associated with asset classified as held for sale.

7. 分類資料（續）

分類資產及負債（續）

附註：銷售顯示模塊、物聯網業務、智能製造業務及物業發展以外之可呈報及營運分類應佔之負債，指銷售顯示模塊、物聯網業務、智能製造業務及物業發展以外之可呈報及營運分類之應付普通供應商款項，該等款項無法合理分配至有關分類。

為監控分類表現及在各分類間分配資源：

除投資物業、若干物業、廠房及設備、若干土地使用權、已抵押銀行存款、結構性存款、銀行結餘及現金、應收委託貸款、於聯營公司之權益、可供出售投資、應收代價、遞延稅項資產、若干其他應收賬款、按金及預付款項、應收附屬公司非控股股東款項以及分類為持作出售資產外，所有資產均分配至可呈報及營運分類。營運分類共同使用的資產按各營運分類所賺取的收入分配；及
除具體確定為銷售顯示模塊、物聯網業務、智能製造業務及物業發展之可呈報及營運分類之負債外，其餘負債已分配至由銷售手機及解決方案與銷售無線通訊模塊之可呈報及營運分類共同消耗之應付賬款，以及企業負債。企業負債包括若干其他應付賬款、已收按金及應計款項、應付稅項、應付附屬公司非控股股東未分配款項及應付一間聯營公司之款項、銀行借貸、遞延稅項負債及分類為持作出售資產之相關負債。

晨訊科技集團有限公司 二零一五年年報

133

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Other segment information

For the year ended 31 December 2015

其他分類資料

截至二零一五年十二月三十一日止年度

Amounts included in the
衡量分類損益或分類
measure of segment profit
資產涉及的金額︰
or loss or segment assets:
Additions of property,
添置物業、廠房
plant and equipment
及設備
Additions of intangible assets
添置無形資產
Depreciation of property, plant
物業、廠房及設備
and equipment
之折舊
Amortisation of intangible assets
無形資產攤銷
Amortisation of land use rights
土地使用權攤銷
(Reversal of) allowance for bad
呆壞賬（撥回）撥備
and doubtful debts
Impairment loss recognised in
就物業、廠房及設備
respect of property, plant and
確認之減值虧損
equipment

Sale of
Sale of
handsets
wireless
Internet
Intelligent
Sale of
and communication
of things manufacturing
display
solutions
modules
business
business
modules
Property
銷售手機
銷售無線
物聯網
智能
銷售
development
Unallocated
Consolidated
及解決方案
通訊模塊
業務
製造業務
顯示模塊
物業發展
未分配
綜合
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
14,420
8,105
7,579
7,299
–
17
66
37,486
105,949
43,017
4,399
18,597
–
–
–
171,962
38,106
11,962
2,953
3,631
–
453
6,688
63,793
78,798
41,602
1,851
3,314
–
–
–
125,565
1,833
496
127
391
–
–
149
2,996
(1,230)
1,833
–
–
–
–
–
603
–
–
–
–
4,305
–
–
4,305

SIM Technology Group Limited Annual Report 2015

134

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Other segment information (continued)

For the year ended 31 December 2014

其他分類資料（續）

截至二零一四年十二月三十一日止年度

		Sale of	Sale of
		handsets	wireless	Internet	Sale of
		and	communication	of things	display
		solutions	modules	business	modules	Property
		銷售手機及	銷售無線	物聯網	銷售	development	Unallocated	Consolidated
		解決方案	通訊模塊	業務	顯示模塊	物業發展	未分配	綜合
		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
Amounts included in the	衡量分類損益或分類
measure of segment profit	資產涉及的金額︰
or loss or segment assets:
Additions of property,	添置物業、廠房及設備
plant and equipment		11,596	207	19,165	6	431	54	31,459
Additions of land use right	添置土地使用權	–	–	–	–	–	15,751	15,751
Additions of intangible assets	添置無形資產	76,625	46,495	–	–	–	–	123,120
Depreciation of property, plant	物業、廠房及設備
and equipment	之折舊	43,217	21,626	1,133	6,731	677	13,356	86,740
Amortisation of intangible assets	無形資產攤銷	49,758	43,984	–	–	–	–	93,742
Amortisation of land use rights	土地使用權攤銷	1,626	1,161	90	40	–	43	2,960
Reversal of allowance of	撥回存貨撥備
inventories		(12,876)	–	–	–	–	–	(12,876)

晨訊科技集團有限公司 二零一五年年報

135

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Revenue from major products/services

來自主要產品╱服務的收入

Sale of handsets and solutions 銷售手機及解決方案 Sale of wireless communication modules 銷售無線通訊模塊 Sale of goods to vending machine 向售賣機客戶及特許 customers and franchisees 經營商銷售貨品 Finance lease of equipment 設備融資租賃 Procurement agency service 提供代理服務 Sale of intelligent manufacturing products 銷售智能製造產品 Sale of display modules 銷售顯示模塊 Sale of residential properties 銷售住宅物業	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 2,043,240 1,511,532 638,847 557,309 252,805 53,630 4,329 4,136 15,856 – 80,301 – – 14,590 161,911 211,156
	3,197,289 2,352,353

Sale of handsets and solutions
銷售手機及解決方案
Sale of wireless communication modules
銷售無線通訊模塊
Sale of goods to vending machine
向售賣機客戶及特許
customers and franchisees
經營商銷售貨品
Finance lease of equipment
設備融資租賃
Procurement agency service
提供代理服務
Sale of intelligent manufacturing products
銷售智能製造產品
Sale of display modules
銷售顯示模塊
Sale of residential properties
銷售住宅物業

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
2,043,240
1,511,532
638,847
557,309
252,805
53,630
4,329
4,136
15,856
–
80,301
–
–
14,590
161,911
211,156

3,197,289
2,352,353

Information about major customers

Revenue from customers of the corresponding years contributing over 10% of total sales of the Group are as follows:

關於主要客戶的資料

於相應年度來自佔本集團總銷售額超過 10% 的客戶的收入如下：

Customer A1	客戶A1
Customer B2	客戶B2

1 Customer A operates in the mobile phone technology industry in the PRC (2014: No transactions with the Group).

2015	2014
二零一五年	二零一四年
HK$’000	HK$’000
千港元	千港元
654,009	–
517,955	755,277

1 客戶 A 於中國移動手機技術產業經營業務（二零一四年：並無與本集團進行交易）。
2 Customer B operates in the mobile phone technology industry in Taiwan.
2 客戶 B 於台灣移動手機技術產業經營業務。

SIM Technology Group Limited Annual Report 2015

136

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. SEGMENT INFORMATION (continued)

7. 分類資料（續）

Geographical information

The Group’s revenue and non-current assets are substantially located in the PRC, the country of domicile from which the group entities derive revenue and hold assets. Accordingly, no further analysis is presented.

地區資料

本集團收入及非流動資產主要來自中國，即本集團實體產生收入及持有資產之所在國。因此，並無呈列進一步分析。

8. OTHER INCOME

8. 其他收入

Refund of Value Added Tax 增值稅（「增值稅」） (“VAT”)(Note 1) 退稅（附註1） Government grants_(Note 2)_ 政府項目收入（附註2） Interest income earned on bank 銀行結餘及結構性存款賺取 balances and structured deposits 之利息收入 Interest income earned on entrusted 應收委託貸款賺取之利息收入 loan receivables Rental income (Less: outgoings of 租金收入（減：支出3,734,000港元 HK$3,734,000 （二零一四年︰2,527,000港元）） (2014: HK$2,527,000)) Others 其他	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 8,227 4,410 28,122 26,099 6,863 3,898 12,787 12,417 37,336 25,269 1,523 1,839
	94,858 73,932

Refund of Value Added Tax
增值稅（「增值稅」）
(“VAT”)(Note 1)
退稅（附註1）
Government grants_(Note 2)_
政府項目收入（附註2）
Interest income earned on bank
銀行結餘及結構性存款賺取
balances and structured deposits
之利息收入
Interest income earned on entrusted
應收委託貸款賺取之利息收入
loan receivables
Rental income (Less: outgoings of
租金收入（減：支出3,734,000港元
HK$3,734,000
（二零一四年︰2,527,000港元））
(2014: HK$2,527,000))
Others
其他

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
8,227
4,410
28,122
26,099
6,863
3,898
12,787
12,417
37,336
25,269
1,523
1,839

94,858
73,932

晨訊科技集團有限公司 二零一五年年報

137

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

8. OTHER INCOME (continued)

Notes:

(1) Shanghai Simcom Limited (“Shanghai Simcom”), Shanghai Simcom Wireless Solutions Limited (“Simcom Wireless”) and Shenzhen Zhuoxuda Technology Development Company Limited (“Shenzhen Zhuoxuda”) (2014: Shanghai Simcom and Simcom Wireless) are engaged in the business of distribution of selfdeveloped and produced software and the development of automated test equipment and software. Under the current PRC tax regulation, they are entitled to a refund of VAT paid for sales of self-developed and produced software and the development of automated test software in the PRC.
(2) The amount includes HK$14,681,000 (2014: nil) related to a conditional government grant granted to the Group in prior years. In the opinion of the Directors, during the current period, the conditions attached to the government grant are all fulfilled, amongst others, including the completed works were approved and verified by government officers. Therefore, government grants of HK$14,681,000 was recognised to profit or loss during the year ended 31 December 2015. As at 31 December 2015, the amount, had yet been received and hence the amount was included in other receivables, deposits and prepayments.

The amount includes HK$3,278,000 (2014: HK$14,950,000) unconditional government grants received during the year ended 31 December 2015, which was granted to encourage the Group’s research and developments activities in the PRC.

In addition, during the year ended 31 December 2015, the Group also received government grants of HK$22,065,000 (2014: HK$3,322,000) towards the cost of development of wireless communication modules and handsets and solutions in Shanghai and Shenyang. The amount received is deferred and is transferred to other income to match actual expenditure used in research and development activities and HK$10,163,000 (2014: HK$11,149,000) was recognised in the profit or loss during the year. As at 31 December 2015, an amount of HK$58,687,000 (2014: HK$50,063,000) remained to be amortised and is included in other payables (for current portion) and deferred income (for non-current portion).

8. 其他收入（續）

附註：

(1) 希姆通信息技術（上海）有限公司（「上海希姆通」）、芯訊通無線科技（上海）有限公司（「芯訊通無線」）及深圳卓訊達科技發展有限公司（「深圳卓訊達」）（二零一四年：上海希姆通及上海芯訊通無線）均從事分銷自行開發及生產之軟件，以及開發自動化檢測設備及軟件。根據中國現行之稅務法規，在中國就銷售自行開發及生產之軟件，以及開發自動化檢測軟件已繳付之增值稅可享有退稅。
(2) 此金額包括於過往年度本集團獲授之有條件政府項目收入 14,681,000 港元（二零一四年：無）。董事認為，於本期間，政府項目收入附帶之條件均已達成，當中包括完工項目獲政府人員審批及核實。因此，於截至二零一五年十二月三十一日止年度，政府項目收入 14,681,000 港元於損益中確認。於二零一五年十二月三十一日，尚未收到有關金額，因此有關金額計入其他應收賬款、按金及預付款項。

此金額包括於截至二零一五年十二月三十一日止年度收到之無條件政府項目收入 3,278,000 港元（二零一四年：14,950,000 港元），乃為鼓勵本集團於中國的研發活動而授出。

此外，本集團於截至二零一五年十二月三十一日止年度亦獲得政府項目收入 22,065,000 港元（二零一四年：3,322,000 港元），用作於上海及瀋陽開發無綫通訊模塊及手機及解決方案的成本。所收取之金額屬遞延性質，並已轉撥至其他收入以配合研發活動的實際開支，並已於年內在損益中確認 10,163,000 港元（二零一四年：11,149,000 港元）。於二零一五年十二月三十一日，一筆 58,687,000 港元（二零一四年：50,063,000 港元）的款項仍然未攤銷並已計入其他應付賬款（就即期部分而言）及遞延收入（就非即期部分而言）。

SIM Technology Group Limited Annual Report 2015

138

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

9. OTHER GAINS AND LOSSES

9. 其他收益及虧損

(Loss) gain on disposal of property, 出售物業、廠房及設備 plant and equipment 之（虧損）收益 Net foreign exchange (loss) gain 外匯（虧損）收益淨額 Changes in fair values of 投資物業公平值變動 investment properties Gain on disposal of a subsidiary 出售一間附屬公司之收益 Net allowance for bad and 呆壞賬撥備淨額 doubtful debts Impairment loss recognised in 就物業、廠房及設備確認 respect of property, 之減值虧損 plant and equipment	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 (2,402) 4,146 (43,362) 174 13,210 11,103 2,191 – (603) – (4,305) –
	(35,271) 15,423

(Loss) gain on disposal of property,
出售物業、廠房及設備
plant and equipment
之（虧損）收益
Net foreign exchange (loss) gain
外匯（虧損）收益淨額
Changes in fair values of
投資物業公平值變動
investment properties
Gain on disposal of a subsidiary
出售一間附屬公司之收益
Net allowance for bad and
呆壞賬撥備淨額
doubtful debts
Impairment loss recognised in
就物業、廠房及設備確認
respect of property,
之減值虧損
plant and equipment

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
(2,402)
4,146
(43,362)
174
13,210
11,103
2,191
–
(603)
–
(4,305)
–

(35,271)
15,423

10. FINANCE COSTS

10. 融資成本

Interests on bank borrowings 須於五年內全數償還之銀行借貸利息 wholly repayable within five years	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 14,381 8,599

晨訊科技集團有限公司 二零一五年年報

139

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

11. DIRECTORS’, CHIEF EXECUTIVE’S AND EMPLOYEES’ EMOLUMENTS

11. 董事、主要行政人員及僱員酬金

Directors’ and chief executive’s emoluments

The emolument paid or payable to each of the Directors and chief executives were as follows:

董事及主要行政人員酬金

向每名董事及主要行政人員已付或應付之酬金如下：

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Executive Directors 執行董事 Ms. Yeung Man Ying 楊文瑛女士 Mr. Wong Cho Tung 王祖同先生 Mr. Zhang Jianping 張劍平先生 (Note 2) （附註2） Ms. Tang Rongrong 唐融融女士 Mr. Chan Tat Wing, Richard陳達榮先生 Mr. Liu Hong 劉泓先生 Mr. Liu Jun_(Note 3) 劉軍先生（附註3） Sub-total 小計 Chief executive officer 首席執行官 Mr. Liu Jun(Note 3)_ 劉軍先生（附註3）	Retirement benefits scheme Directors’ Salaries and Share-based contributions Total fees allowances Bonus payments 退休福利 emoluments 董事袍金薪金及津貼花紅以股份付款計劃供款總酬金 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 *(Note 1)* （附註1） – – – – – – – – – – – – – – – – 89 89 – 516 369 – – 885 – 1,500 – – 69 1,569 – 886 197 – 99 1,182 – 517 – – 59 576
	– 3,419 566 – 316 4,301
	– 369 344 – 40 753

Executive Directors
執行董事
Ms. Yeung Man Ying
楊文瑛女士
Mr. Wong Cho Tung
王祖同先生
Mr. Zhang Jianping
張劍平先生
(Note 2)
（附註2）
Ms. Tang Rongrong
唐融融女士
Mr. Chan Tat Wing, Richard陳達榮先生
Mr. Liu Hong
劉泓先生
Mr. Liu Jun_(Note 3)
劉軍先生（附註3）
Sub-total
小計
Chief executive officer
首席執行官
Mr. Liu Jun(Note 3)_
劉軍先生（附註3）

Retirement
benefits
scheme
Directors’
Salaries and
Share-based contributions
Total
fees
allowances
Bonus
payments
退休福利
emoluments
董事袍金
薪金及津貼
花紅
以股份付款
計劃供款
總酬金
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
(Note 1)
（附註1）
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
89
89
–
516
369
–
–
885
–
1,500
–
–
69
1,569
–
886
197
–
99
1,182
–
517
–
–
59
576

–
3,419
566
–
316
4,301

–
369
344
–
40
753

The executive Directors’ and chief executive officer’s emoluments shown above were mainly for the management of the affairs of the Company and the Group.

上述執行董事及主要行政人員酬金主要關於對本公司及本集團事務之管理。

Independent 獨立非執行董事 non-executive Directors Mr. Dong Yunting 董雲庭先生 Mr. Liu Hing Hung 廖慶雄先生 Mr. Xie Linzhen 謝麟振先生 Sub-total 小計
	156 – – – – 156 156 – – – – 156 156 – – – – 156
	468 – – – – 468

The independent non-executive Directors’ emoluments shown above were mainly for their services as Director of the Company.

上述獨立非執行董事之酬金主要關於彼等擔任本公司董事。

總計

5,522

Total

SIM Technology Group Limited Annual Report 2015

140

Notes to the Consolidated Financial Statements

綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

11. DIRECTORS’, CHIEF EXECUTIVE’S AND EMPLOYEES’ EMOLUMENTS (continued)

11. 董事、主要行政人員及僱員酬金（續）

Directors’ and chief executive’s emoluments (continued)

董事及主要行政人員酬金（續）

For the year ended 31 December 2014 截至二零一四年十二月三十一日止年度

Executive Directors 執行董事 Ms. Yeung Man Ying 楊文瑛女士 Mr. Wong Cho Tung 王祖同先生 Mr. Zhang Jianping 張劍平先生 Ms. Tang Rongrong 唐融融女士 Mr. Chan Tat Wing, Richard陳達榮先生 Mr. Liu Hong 劉泓先生 Chief executive officer 首席執行官 Mr. Liu Jun 劉軍先生	Retirement benefits scheme Directors’ Salaries and Share-based contributions Total fees allowances Bonus payments 退休福利 emoluments 董事袍金薪金及津貼花紅以股份付款計劃供款總酬金 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 (Note 1) （附註1） – – – – – – – – – – – – – – – 148 89 237 – 528 378 62 – 968 – 1,300 375 62 60 1,797 – 904 202 16 94 1,216
	– 2,732 955 288 243 4,218
	– 904 202 16 94 1,216

Executive Directors
執行董事
Ms. Yeung Man Ying
楊文瑛女士
Mr. Wong Cho Tung
王祖同先生
Mr. Zhang Jianping
張劍平先生
Ms. Tang Rongrong
唐融融女士
Mr. Chan Tat Wing, Richard陳達榮先生
Mr. Liu Hong
劉泓先生
Chief executive officer
首席執行官
Mr. Liu Jun
劉軍先生

Retirement
benefits
scheme
Directors’
Salaries and
Share-based contributions
Total
fees
allowances
Bonus
payments
退休福利
emoluments
董事袍金
薪金及津貼
花紅
以股份付款
計劃供款
總酬金
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
(Note 1)
（附註1）
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
148
89
237
–
528
378
62
–
968
–
1,300
375
62
60
1,797
–
904
202
16
94
1,216

–
2,732
955
288
243
4,218

–
904
202
16
94
1,216

The executive Directors’ and chief executive officer’s emoluments shown above were mainly for the management of the affairs of the Company and the Group.

上述執行董事及主要行政人員酬金主要關於對本公司及本集團事務之管理。

Independent 獨立非執行董事 non-executive Directors Mr. Dong Yunting 董雲庭先生 Mr. Liu Hing Hung 廖慶雄先生 Mr. Xie Linzhen 謝麟振先生	156 – – – – 156 156 – – – – 156 156 – – – – 156
	468 – – – – 468

The independent non-executive Directors’ emoluments shown above were mainly for their services as Director of the Company.

上述獨立非執行董事之酬金主要關於彼等擔任本公司董事。

總計

5,902

Total

晨訊科技集團有限公司 二零一五年年報

141

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

11. DIRECTORS’, CHIEF EXECUTIVE’S AND EMPLOYEES’ EMOLUMENTS (continued)

11. 董事、主要行政人員及僱員酬金（續）

Directors’ and chief executive’s emoluments (continued)

Notes:

董事及主要行政人員酬金（續）

附註：

(1) Incentive performance bonus for the year was determined by the remuneration committee having regard to the performance and duties of Directors and the Group’s operating results.
(1) 年度表現獎勵花紅是由薪酬委員會經考慮董事之表現及職責以及本集團之經營業績而釐定。
(2) Mr. Zhang Jianping resigned with effect from 30 May 2015.
(2) 張劍平先生於二零一五年五月三十日辭任。
(3) Mr. Liu Jun was appointed as Director with effect from 4 June 2015.
(3) 劉軍先生於二零一五年六月四日起獲委任為董事。

Employees’ emoluments

The five highest paid individuals included three (2014: two) Directors for the year ended 31 December 2015, whose emoluments are included in the above. The emoluments of the remaining two (2014: three) individuals are as follows:

僱員酬金

截至二零一五年十二月三十一日止年度，五名最高薪酬人士包括三名（二零一四年：兩名）董事，其酬金已於上文披露。餘下兩名（二零一四年：三名）人士之酬金如下：

Salaries and allowances 薪金及津貼 Bonus 花紅 Share-based payments 以股份付款 Retirement benefits 退休福利計劃供款 scheme contributions	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 1,771 2,751 855 1,451 609 631 198 187
	3,433 5,020

SIM Technology Group Limited Annual Report 2015

142

Notes to the Consolidated Financial Statements

綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

11. DIRECTORS’, CHIEF EXECUTIVE’S AND EMPLOYEES’ EMOLUMENTS (continued)

11. 董事、主要行政人員及僱員酬金（續）

Employees’ emoluments (continued)

Their emoluments were within the following bands:

僱員酬金（續）

彼等之酬金在以下所列範圍 :

HK$1,000,001 to HK$1,500,000 1,000,001港元至1,500,000港元 HK$1,500,001 to HK$2,000,000 1,500,001港元至2,000,000港元 HK$2,000,001 to HK$2,500,000 2,000,001港元至2,500,000港元	2015 2014 二零一五年二零一四年 Number of Number of employees employees 僱員人數僱員人數 1 1 – 1 1 1

During the year, no emoluments were paid by the Group to any of the Directors or the five highest paid individuals as an inducement to join or upon joining the Group or as compensation for loss of office. None of the Directors waived any emoluments for both years.

本年度，本集團並未向任何董事或五名最高薪酬人士支付任何酬金，作為誘使彼等加入本集團或於彼等加入本集團時向彼等支付之任何款項，或作為離職補償。於兩個年度均無董事放棄任何酬金。

12. TAXATION

12. 稅項

TAXATION 12.稅項
PRC Enterprise Income Tax (“EIT”) 中國企業所得稅（「企業所得稅」） LAT in the PRC 中國土地增值稅 Overprovisions on PRC EIT 過往年度中國企業所得稅超額撥備 in previous years Deferred tax expense for 本年度遞延稅項開支（附註21） current year_(note 21)_ Taxation for the year 本年度稅項	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 (14,154) (10,104) (3,239) (3,167) 3,620 350
	(13,773) (12,921)
	(6,002) (3,108)
	(19,775) (16,029)

晨訊科技集團有限公司 二零一五年年報

143

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

12. TAXATION (continued)

No provision for Hong Kong Profits Tax has been made for both years as the Group has no assessable profits arising in Hong Kong.

EIT is calculated at the rates prevailing in the relevant districts of the PRC taking relevant tax incentives into account. Simcom Wireless, Shanghai Sunrise Simcom Limited (“Shanghai Sunrise Simcom”) and Shanghai Simcom are classified as New and High Technology Enterprise and is entitled to adopt a tax rate of 15% (2014: Shanghai Simcom was classified as New and High Technology Enterprise and Key Production Enterprise and was entitled to adopt an applicable tax rate of 10%). The relevant annual tax rate used for PRC Enterprise Income Tax for the Group’s subsidiaries ranged from 15% to 25% (2014: 10% to 25%).

The provision of LAT is estimated according to the requirements set forth in the relevant tax laws and regulations of the PRC, which is charged at progressive rates ranging from 30% to 60% (2014: 30% to 60%) of the appreciation value, with certain allowable deductions.

12. 稅項（續）

由於本集團在香港並無產生應課稅溢利，並無就兩個年度作出香港利得稅撥備。

企業所得稅於計及相關稅務優惠後，按中國有關地區之現行稅率計算。芯訊通無線、上海晨興希姆通電子科技有限公司（「上海晨興希姆通」）及上海希姆通被評為「高新技術企業」，並有權採用 15% 的稅率（二零一四年：上海希姆通被評為「高新技術企業」及「重點生產企業」，並有權採用 10% 的適用稅率）。本集團附屬公司採用之中國企業所得稅相關年度稅率介乎 15%至25%之間（二零一四年：10%至25%）。

土地增值稅撥備乃根據中國有關的稅務法律和法規所載的規定估計作出，有關稅項就增值部分按漸進稅率 30% 至 60%（二零一四年：30% 至 60%）計算，並可作若干扣減。

SIM Technology Group Limited Annual Report 2015

144

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

12. TAXATION (continued)

12. 稅項（續）

The tax charge for the year can be reconciled to the profit before taxation per the consolidated statement of profit or loss as follows:

本年度稅項扣除與綜合損益表中所示之除稅前溢利對賬如下：

Profit before taxation 除稅前溢利 Taxation at the PRC income 按中國所得稅稅率25% tax rate of 25% (2014: 25%) （二零一四年：25%）計算之稅項 Tax effect of expenses not 不可扣稅之開支之稅務影響 deductible for tax purpose Tax effect of income not 毋須課稅之收入之稅務影響 taxable for tax purpose Tax effect of tax losses 未確認稅務虧損之稅務影響 not recognised Utilisation of tax losses 動用過往未確認之稅務虧損 previously not recognised Overprovisions on PRC EIT 過往年度中國企業所得稅超額撥備 in previous years Income tax on concessionary rate 按優惠稅率計算之所得稅 LAT 土地增值稅 Income tax effect on LAT 土地增值稅之所得稅影響 Tax charge for the year 本年度稅項扣除	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 89,650 50,175
	(22,413) (12,544) (7,703) (5,747) 12,139 14,671 (19,755) (18,884) 16,080 7,487 3,620 350 686 1,013 (3,239) (3,167) 810 792
	(19,775) (16,029)

Profit before taxation
除稅前溢利
Taxation at the PRC income
按中國所得稅稅率25%
tax rate of 25% (2014: 25%)
（二零一四年：25%）計算之稅項
Tax effect of expenses not
不可扣稅之開支之稅務影響
deductible for tax purpose
Tax effect of income not
毋須課稅之收入之稅務影響
taxable for tax purpose
Tax effect of tax losses
未確認稅務虧損之稅務影響
not recognised
Utilisation of tax losses
動用過往未確認之稅務虧損
previously not recognised
Overprovisions on PRC EIT
過往年度中國企業所得稅超額撥備
in previous years
Income tax on concessionary rate
按優惠稅率計算之所得稅
LAT
土地增值稅
Income tax effect on LAT
土地增值稅之所得稅影響
Tax charge for the year
本年度稅項扣除

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
89,650
50,175

(22,413)
(12,544)
(7,703)
(5,747)
12,139
14,671
(19,755)
(18,884)
16,080
7,487
3,620
350
686
1,013
(3,239)
(3,167)
810
792

(19,775)
(16,029)

晨訊科技集團有限公司 二零一五年年報

145

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

13. PROFIT FOR THE YEAR

13. 本年度溢利

Profit for the year is arrived at 本年度溢利已扣除（計入）： after charging (crediting): Auditor’s remuneration 核數師酬金 Amortisation of intangible assets 無形資產攤銷 (included in cost of sales) （計入銷售成本） Less: Amount capitalised in 減：已資本化的開發成本 development costs Amortisation of land use rights 土地使用權攤銷 Depreciation of property, 物業、廠房及設備折舊 plant and equipment Less: Amount capitalised in 減：已資本化的開發成本 development costs Impairment loss on property, 物業、廠房及設備減值虧損 plant and equipment Reversal of allowance of inventories 存貨撥回撥備 (included in cost of sales) （計入銷售成本） Costs of inventories recognised as an 確認為開支之存貨成本 expense (included in cost of sales) （計入銷售成本） Cost of properties sold 已售物業的成本 (included in cost of sales) （計入銷售成本） Staff costs: 員工成本： Directors’ emoluments_(note 11)_ 董事酬金（附註11） Other staff costs 其他員工成本 – Salaries and other benefits －工資及其他福利 – Retirement benefits scheme －退休福利計劃供款 contributions – Share-based payments －以股份付款 Less: Amount capitalised in 減：已資本化的開發成本 development costs	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 1,950 1,950
	125,565 93,742 (2,645) (1,007)
	122,920 92,735
	2,996 2,960
	63,793 86,740 (3,845) (2,920)
	59,948 83,820
	4,305 – – (12,876) 2,635,235 1,878,441 136,291 166,823
	4,769 4,686 301,443 254,085 57,707 50,585 2,904 3,880
	366,823 313,236 (130,248) (94,365)
	236,575 218,871

SIM Technology Group Limited Annual Report 2015

146

Notes to the Consolidated Financial Statements

綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

14. DIVIDENDS

14. 股息

The Directors do not recommend the payment of a final dividend for the years ended 31 December 2015 and 2014.

董事並不建議就截至二零一五年及二零一四年十二月三十一日止年度派付末期股息。

15. EARNINGS PER SHARE

15. 每股盈利

The calculation of the basic and diluted earnings per share attributable to the owners of the Company is based on the following data:

本公司擁有人應佔每股基本及攤薄盈利乃按以下數據計算：

Earnings 盈利 Earnings for the purposes of 計算每股基本及攤薄 basic and diluted earning 盈利之盈利（本公司 per share (profit for the year 擁有人應佔本年度 attributable to the owners 溢利） of the Company) Number of shares 股份數目 Weighted average number of 計算每股基本盈利之 ordinary shares for the purpose 普通股加權平均數 of basic earnings per share Effect of dilutive potential ordinary 攤薄潛在普通股之 shares – share option 影響－購股權 Weighted average number of 用於計算每股攤薄盈利的 ordinary shares for the purpose 普通股加權平均數目 of diluted earnings per share	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 64,645 23,967
	2015 2014 二零一五年二零一四年 ’000 ’000 千股千股 2,557,747 2,557,499 15,092 2,227
	2,572,839 2,559,726

Earnings
盈利
Earnings for the purposes of
計算每股基本及攤薄
basic and diluted earning
盈利之盈利（本公司
per share (profit for the year
擁有人應佔本年度
attributable to the owners
溢利）
of the Company)
Number of shares
股份數目
Weighted average number of
計算每股基本盈利之
ordinary shares for the purpose
普通股加權平均數
of basic earnings per share
Effect of dilutive potential ordinary
攤薄潛在普通股之
shares – share option
影響－購股權
Weighted average number of
用於計算每股攤薄盈利的
ordinary shares for the purpose
普通股加權平均數目
of diluted earnings per share

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
64,645
23,967

2015
2014
二零一五年
二零一四年
’000
’000
千股
千股
2,557,747
2,557,499
15,092
2,227

2,572,839
2,559,726

晨訊科技集團有限公司 二零一五年年報

147

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

16. INVESTMENT PROPERTIES

16. 投資物業

FAIR VALUE 公平值 At 1 January 2014 於二零一四年一月一日 Transfer from property, 轉撥自物業、廠房及設備（附註） plant and equipment_(Note) Transfer from land use rights(Note)_ 轉撥自土地使用權（附註） Increase in fair value 於損益確認之公平值增加 recognised in profit or loss Exchange differences 匯率差異 At 31 December 2014 於二零一四年十二月三十一日 Increase in fair value 於損益確認之公平值增加 recognised in profit or loss Exchange differences 匯率差異 At 31 December 2015 於二零一五年十二月三十一日 Unrealised gain on property 計入損益之未變現物業估值收益 valuation included in profit or loss	HK$’000 千港元 319,066 19,769 20,154 11,103 (6,242)
	363,850 13,210 (21,079)
	355,981
	13,210

Note: During the year ended 31 December 2014, certain previously selfused premises of the buildings of the Group had been rented out to independent third parties. Accordingly the carrying amounts of the building of HK$7,394,000 with fair value of HK$19,769,000 and carrying amounts of land use rights of HK$4,776,000 with fair value of HK$20,154,000 are transferred to investment properties of the Group.

附註︰截至二零一四年十二月三十一日止年度，若干過往由本集團自用之樓宇物業已出租予獨立第三方。因此，公平值為 19,769,000 港元之樓宇之賬面值7,394,000港元以及公平值為20,154,000港元之土地使用權之賬面值4,776,000港元，已轉撥至本集團之投資物業。

The Group’s investment properties are held under mediumterm leases in the PRC.

本集團位於中國之投資物業乃根據中期租約持有。

SIM Technology Group Limited Annual Report 2015

148

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

16. INVESTMENT PROPERTIES (continued)

The fair value of the Group’s investment properties at 31 December 2015 and 2014 and at the relevant dates of transfer from property, plant and equipment and land use rights have been arrived at on the basis of a valuation carried out on that date by Vigers Appraisal & Consulting Limited, independent qualified professional valuers not related to the Group.

The fair value was determined based on the income capitalisation approach, where the market rentals of all lettable units of the properties are assessed and discounted at the market yield expected by investors for this type of properties. The market rentals are assessed based on estimates of future cash flows, supported by the terms of existing lease and reasonable and supportable assumptions that represent what knowledgeable willing parties would assume about rental income for future leases in the light of current conditions. The rate is determined by reference to the yields derived from analysing the sales transactions of similar commercial properties in Shanghai. There has been no change from the valuation technique used in the prior year.

In estimating the fair value of the properties, the highest and best use of the properties is their current use. At the end of the reporting period, the chief financial officer of the Group works closely with the independent qualified professional valuer to establish and determine the appropriate valuation techniques and inputs. Where there is a material change in the fair value of the assets, the causes of the fluctuations will be reported to the management of the Group.

16. 投資物業（續）

本集團投資物業於二零一五年及二零一四年十二月三十一日以及撥出物業、廠房及設備以及土地使用權相關日期之公平值，乃以與本集團並無關連之獨立專業合資格估值師威格斯資產評估顧問有限公司於該日進行之估值為依據得出。

公平值乃根據收入資本化法釐定，據此，會評估物業的所有可出租單位之市場租金，並按投資者對此類物業所預期之市場回報率貼現。市場租金乃根據估計未來現金流評估，並以現有租期及合理及有力之假設（即知情自願各方在現行情況下對未來租金所出之假設）作支持。收益率則參考分析上海同類商業物業銷售交易得出之收益率釐定。估值技巧與過往年度所採用者相同。

在估計物業之公平值時，物業之最高及最佳用途為其目前用途。於報告期末，本集團財務總監與獨立合資格專業估值師密切合作，以確立及釐定合適的估值技巧及輸入數據。倘資產之公平值出現重大變動，將向本集團管理層匯報出現波幅之原因。

晨訊科技集團有限公司 二零一五年年報

149

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

16. INVESTMENT PROPERTIES (continued)

16. 投資物業（續）

Information about fair value measurements using significant unobservable input

The following table shows the valuation techniques used in the determination of fair values for investment properties and unobservable inputs used in the valuation models.

使用重大不可觀察輸入數據進行公平值計量之資料

下表顯示釐定投資物業公平值所用之估值技巧及估值模式所用之不可觀察輸入數據。

As at 31 December 2015

於二零一五年十二月三十一日

					Relationship of
					unobservable
				Range of	inputs to fair value
Fair value	Valuation			unobservable inputs	不可觀察
hierarchy	techniques	Fair value	Unobservable inputs	不可觀察	輸入數據與
公平值架構	估值技巧	公平值	不可觀察輸入數據	輸入數據範圍	公平值之關係
		HK$’000
		千港元
Level 3	Income	355,981	(i) Capitalisation rate	5.8%-6.4%	The higher the
第三級	capitalisation		(i)資本化率		capitalisation rate,
	approach				the lower
	收入資本化法				the fair value.
					資本化率越高，
					公平值越低。
			(ii) Market rent	RMB3.5-RMB7.5	The higher
			(ii)市場租金	per month	the market rent,
				per square meter	the higher
				每月每平方米	the fair value.
				人民幣3.5元至	市場租金越高，
				人民幣7.5元	公平值越高。
			(iii) Growth rate	2.0%	The higher
			(iii)增長率		the growth rate,
					the higher
					the fair value.
					增長率越高，
					公平值越高。

SIM Technology Group Limited Annual Report 2015

150

Notes to the Consolidated Financial Statements

綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

16. INVESTMENT PROPERTIES (continued)

16. 投資物業（續）

Information about fair value measurements using significant unobservable input (continued) As at 31 December 2014

使用重大不可觀察輸入數據進行公平值計量之資料（續） 於二零一四年十二月三十一日

					Relationship of
					unobservable
				Range of	inputs to fair value
Fair value	Valuation			unobservable inputs	不可觀察
hierarchy	techniques	Fair value	Unobservable inputs	不可觀察	輸入數據與
公平值架構	估值技巧	公平值	不可觀察輸入數據	輸入數據範圍	公平值之關係
		HK$’000
		千港元
Level 3	Income	363,850	(i) Capitalisation rate	5.5%	The higher the
第三級	capitalisation		(i)資本化率		capitalisation
	approach				rate, the lower
	收入資本化法				the fair value.
					資本化率越高，
					公平值越低。
			(ii) Market rent	RMB3.5-RMB7	The higher
			(ii)市場租金	per month	the market rent,
				per square meter	the higher
				每月每平方米	the fair value.
				人民幣3.5元至	市場租金越高，
				人民幣7元	公平值越高。
			(iii) Growth rate	3%	The higher
			(iii)增長率		the growth rate,
					the higher
					the fair value.
					增長率越高，
					公平值越高。

All of the Group’s property interests held under operating leases to earn rentals or for capital appreciation purposes are measured using the fair value model and are classified and accounted for as investment properties.

本集團所有根據經營租賃持有並作賺取租金或資本增值用途的物業權益，均採用公平值模式計量及分類及入賬列為投資物業。

As at 31 December 2015, the Group has pledged investment properties having a fair value of approximately HK$148,403,000 (2014: HK$110,038,000) to secure general banking facilities granted to the Group.

於二零一五年十二月三十一日，本集團公平值約 148,403,000 港元（二零一四年： 110,038,000 港元）之投資物業已予抵押，作為本集團所獲得一般銀行融資之擔保。

晨訊科技集團有限公司 二零一五年年報

151

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

17. PROPERTY, PLANT AND EQUIPMENT

17. 物業、廠房及設備

COST 成本 At 1 January 2014 於二零一四年一月一日 Exchange differences 匯率差異 Additions 添置 Transfer to investment properties 轉撥至投資物業 Disposals 出售 Acquisition of subsidiary 收購附屬公司 At 31 December 2014 於二零一四年十二月三十一日 Exchange differences 匯率差異 Additions 添置 Disposals 出售 Acquisition of subsidiaries 收購附屬公司 Disposal of a subsidiary 出售一間附屬公司 At 31 December 2015 於二零一五年十二月三十一日 DEPRECIATION AND 折舊及減值 IMPAIRMENT At 1 January 2014 於二零一四年一月一日 Exchange differences 匯率差異 Charge for the year 本年度扣除 Transfer to investment properties 轉撥至投資物業 Eliminated on disposals 於出售時對銷 At 31 December 2014 於二零一四年十二月三十一日 Exchange differences 匯率差異 Charge for the year 本年度扣除 Impairment loss recognised 已確認減值虧損 Eliminated on disposals 於出售時對銷 Disposal of a subsidiary 出售一間附屬公司 At 31 December 2015 於二零一五年十二月三十一日 CARRYING AMOUNTS 賬面值 At 31 December 2015 於二零一五年十二月三十一日 At 31 December 2014 於二零一四年十二月三十一日	Equipment, furniture Leasehold and Plant and improvements fixtures machinery Motor Buildings 租賃物業設備、傢俬廠房及 vehicles Total 樓宇裝修及裝置機器汽車總計 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 503,838 5,069 281,041 284,608 11,430 1,085,986 (9,840) (96) (5,905) 6,141 (213) (9,913) – – 15,213 1,983 1,262 18,458 (14,315) – – – – (14,315) – – (39,113) (21,975) (688) (61,776) – – 13,001 – – 13,001
	479,683 4,973 264,237 270,757 11,791 1,031,441 (27,137) (272) (14,867) (15,318) (636) (58,230) – 1,124 16,997 17,232 2,133 37,486 – – (8,968) (32,553) (211) (41,732) – – 507 – – 507 – – (16) – – (16)
	452,546 5,825 257,890 240,118 13,077 969,456
	120,670 5,069 256,057 153,477 8,235 543,508 (1,855) (96) (5,243) (2,257) (133) (9,584) 28,586 – 19,020 37,941 1,193 86,740 (6,921) – – – – (6,921) – – (33,275) (15,662) (659) (49,596)
	140,480 4,973 236,559 173,499 8,636 564,147 (8,844) (275) (13,351) (9,356) (488) (32,314) 23,968 78 13,941 24,664 1,142 63,793 – – – 4,305 – 4,305 – – (8,970) (27,268) (212) (36,450) – – (1) – – (1)
	155,604 4,776 228,178 165,844 9,078 563,480
	296,942 1,049 29,712 74,274 3,999 405,976
	339,203 – 27,678 97,258 3,155 467,294

SIM Technology Group Limited Annual Report 2015

152

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

17. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment other than construction in progress are depreciated on its cost less their residual values on a straight-line basis at the following rates per annum:

Buildings 樓宇 Leasehold improvements 租賃物業裝修 Equipment, furniture and fixtures 設備、傢俬及裝置 Plant and machinery 廠房及機器 Motor vehicles 汽車

As at 31 December 2015, the Group has pledged buildings having a carrying value of approximately HK$295,842,000 (2014: HK$18,917,000) to secure general banking facilities granted to the Group.

17. 物業、廠房及設備（續）

物業、廠房及設備（在建工程除外）乃按其成本減其剩餘價值，並以直線法及下列年率折舊：

5% The shorter of the lease terms and 5 years 租賃期限及 5 年之較短者 20%-25% 10%-20% 20%

於二零一五年十二月三十一日，本集團已扺押賬面值約 295,842,000 港元（二零一四年： 18,917,000 港元）之樓宇，作為本集團所獲得一般銀行融資之擔保。

晨訊科技集團有限公司 二零一五年年報

153

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

18. LAND USE RIGHTS

18. 土地使用權

COST 成本 At 1 January 2014 於二零一四年一月一日 Exchange differences 匯率差異 Additions 添置 Transfer to investment properties 轉撥至投資物業 At 31 December 2014 於二零一四年十二月三十一日 Exchange differences 匯率差異 At 31 December 2015 於二零一五年十二月三十一日 AMORTISATION 攤銷 At 1 January 2014 於二零一四年一月一日 Charge for the year 本年度攤銷 Exchange differences 匯率差異 Transfer to investment properties 轉撥至投資物業 At 31 December 2014 於二零一四年十二月三十一日 Charge for the year 本年度攤銷 Exchange differences 匯率差異 At 31 December 2015 於二零一五年十二月三十一日 CARRYING AMOUNTS 賬面值 At 31 December 2015 於二零一五年十二月三十一日 At 31 December 2014 於二零一四年十二月三十一日	HK$’000 千港元 108,034 (2,110) 15,751 (5,727)
	115,948 (6,559)
	109,389
	14,062 2,960 (277) (951)
	15,794 2,996 (1,006)
	17,784
	91,605
	100,154

The land use rights of the Group are held under medium-term lease in the PRC and amortised over the term of the lease of 50 years.

本集團於中國之土地使用權乃根據中期租約持有，並按 50 年租約年期攤銷。

As at 31 December 2015, the Group has pledged land use rights having a carrying value of approximately HK$38,961,000 (2014: HK$13,165,000) to secure general banking facilities granted to the Group.

於二零一五年十二月三十一日，本集團賬面值約 38,961,000 港元（二零一四年：13,165,000 港元）之土地使用權已予抵押，作為本集團所獲得一般銀行融資之擔保。

SIM Technology Group Limited Annual Report 2015

154

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

19. FINANCE LEASE RECEIVABLES

19. 應收融資租賃

FINANCE LEASE RECEIVABLES 19.應收融資	租賃
Current finance lease receivables 流動融資租賃之應收款項 Non-current finance lease receivables 非流動融資租賃之應收款項	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 9,954 7,661 3,184 11,146
	13,138 18,807

Leasing arrangements

Certain of the Group’s storage equipment are leased out under finance leases. All leases are denominated in RMB. The average term of finance leases entered into is 4.5 years.

租賃安排

本集團若干存儲設備乃根據融資租賃出租。所有租賃以人民幣計值，融資租賃之平均年期為 4.5 年。

Amounts receivable under finance leases

融資租賃之應收款項

Not later than one year 一年以內 Later than one year and not later than five years 一年以上五年以內 Less: unearned finance income減：未賺取融資收益 Present value of minimum lease payments receivable 應收最低租賃款項現值 Unguaranteed residual values of assets leased under finance leases at the end of the reporting period are estimated at HK$13,138,000 (2014: HK$18,807,000).	Present Minimum value of lease payments lease payments 最低租賃付款租賃付款現值 2015 2014 2015 2014 二零一五年二零一四年二零一五年二零一四年 HK$’000 HK$’000 HK$’000 HK$’000 千港元千港元千港元千港元 11,582 9,948 9,954 7,661 7,340 15,625 3,184 11,146
	18,922 25,573 13,138 18,807 (5,784) (6,766) n/a n/a
	13,138 18,807 13,138 18,807
	於報告期末，根據融資租賃租賃之資產之無擔保剩餘價值估計為13,138,000港元（二零一四年：18,807,000港元）。

於報告期末，根據融資租賃租賃之資產之無擔保剩餘價值估計為 13,138,000 港元（二零一四年：18,807,000 港元）。

晨訊科技集團有限公司 二零一五年年報

155

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

19. FINANCE LEASE RECEIVABLES

19. 應收融資租賃（續）

(continued)

The interest rate inherent in the leases is fixed at the contract date for the entire lease term. The average effective interest rate is approximately 26% (2014: 15%) per annum.

租賃於整個租期之內含利率於合約日期當日設定水平。平均實際年利率約為 26%（二零一四年：15%）。

The finance lease receivables at the end of the reporting period are neither past due nor impaired.

於報告期末之應收融資租賃並無逾期或減值。

20. INTANGIBLE ASSETS

20. 無形資產

COST 成本 At 1 January 2014 於二零一四年一月一日 Additions 添置 Exchange differences 匯率差異 Write-off 撇銷 At 31 December 2014 於二零一四年十二月三十一日 Additions 添置 Exchange differences 匯率差異 At 31 December 2015 於二零一五年十二月三十一日 AMORTISATION AND 攤銷及減值 IMPAIRMENT At 1 January 2014 於二零一四年一月一日 Charge for the year 本年度扣除 Exchange differences 匯率差異 Write-off 撇銷 At 31 December 2014 於二零一四年十二月三十一日 Charge for the year 本年度扣除 Exchange differences 匯率差異 At 31 December 2015 於二零一五年十二月三十一日 CARRYING AMOUNTS 賬面值 At 31 December 2015 於二零一五年十二月三十一日 At 31 December 2014 於二零一四年十二月三十一日	Licence Development Technical Customer fee costs know-how contracts Total 許可證費開發成本專有技術客戶合約總計 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 107,970 658,994 71,339 27,514 865,817 4,343 118,777 – – 123,120 (29,614) (18,441) – – (48,055) – (24,984) – – (24,984)
	82,699 734,346 71,339 27,514 915,898 1,168 170,794 – – 171,962 (4,722) (47,932) – – (52,654)
	79,145 857,208 71,339 27,514 1,035,206
	105,045 613,638 71,339 27,514 817,536 3,701 90,041 – – 93,742 (29,556) (17,533) – – (47,089) – (24,984) – – (24,984)
	79,190 661,162 71,339 27,514 839,205 2,669 122,896 – – 125,565 (4,581) (42,000) – – (46,581)
	77,278 742,058 71,339 27,514 918,189
	1,867 115,150 – – 117,017
	3,509 73,184 – – 76,693

SIM Technology Group Limited Annual Report 2015

156

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

20. INTANGIBLE ASSETS (continued)

20. 無形資產（續）

Licence fee, technical know-how and customer contracts of the Group were acquired from third parties.

本集團之許可證費、專有技術及客戶合約均為自第三方取得。

The intangible assets have finite useful lives. Intangible assets are amortised on a straight-line basis over the following period:

無形資產使用年期為有限。無形資產以直線法按以下期間攤銷：

Licence fee 1-5 years Development costs 9 months-2 years Technical know-how 5-8 years Customer contracts 3 years

許可證費 1 至 5 年開發成本 9 個月至 2 年專有技術 5 至 8 年客戶合約 3 年

21. DEFERRED TAX

21. 遞延稅項

The following are the major deferred tax (liabilities) assets recognised by the Group and the movement thereon, during the current and prior years.

以下為於本年度及過往年度，本集團所確認之主要遞延稅項（負債）資產及有關變動。

At 1 January 2014
於二零一四年一月一日
Exchange differences
匯率差異
Credit (charge) to profit or loss
於損益計入（扣除）
Charge to properties revaluation
於物業重估儲備中扣除
reserve
At 31 December 2014
於二零一四年十二月三十一日
Exchange differences
匯率差異
Charge to profit or loss
於損益扣除
At 31 December 2015
於二零一五年十二月三十一日

Write-down of
Impairment of
Development
inventories
property,
Revaluation of
cost
and trade
plant and
investment
capitalised
receivables
equipment
properties
已資本化
存貨及應收
物業、廠房及
投資物業
Total
開發成本
貿易賬款撇減
設備減值
重估
總計
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
(9,694)
30,799
18,545
(44,710)
(5,060)
215
532
(362)
876
1,261
1,626
(1,958)
–
(2,776)
(3,108)
–
–
–
(6,938)
(6,938)

(7,853)
29,373
18,183
(53,548)
(13,845)
538
(732)
(1,029)
3,029
1,806
(2,515)
(308)
–
(3,179)
(6,002)

(9,830)
28,333
17,154
(53,698)
(18,041)

晨訊科技集團有限公司 二零一五年年報

157

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

21. DEFERRED TAX (continued)

21. 遞延稅項（續）

The following is the analysis of the deferred tax balances for financial reporting purposes:

以下乃就財務報告所作之遞延稅項餘額分析：

Deferred tax assets 遞延稅項資產 Deferred tax liabilities 遞延稅項負債	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 45,487 47,556 (63,528) (61,401)
	(18,041) (13,845)

At 31 December 2015, other than the deferred tax assets and liabilities mentioned above, subsidiaries of the Group had unused tax losses of approximately HK$392,687,000 (2014: HK$453,369,000) available for offset against future profit. No deferred tax asset has been recognised due to the unpredictability of future profit streams of those subsidiaries. Included in unused tax losses was HK$79,020,000 (2014: HK$72,943,000) that will expire by 2020 (2014: 2019). Other losses may be carried forward indefinitely.

於二零一五年十二月三十一日，除上述遞延稅項資產及負債外，本集團附屬公司有未動用稅項虧損約 392,687,000 港元（二零一四年：453,369,000 港元）可供抵銷未來溢利。由於該等附屬公司未來溢利流不可預測，故並無確認遞延稅項資產。未動用稅項虧損中有 79,020,000 港元（二零一四年：72,943,000 港元）將於二零二零年（二零一四年：二零一九年）屆滿。其他虧損可無限期結轉。

Under the EIT Law of PRC, withholding tax is imposed on dividends declared in respect of profits earned by PRC subsidiaries from 1 January 2008 onwards. Deferred taxation has not been provided for in the consolidated financial statements in respect of temporary differences attributable to accumulated profits of the PRC subsidiaries amounting to HK$881,215,000 (2014: HK$787,248,000) as the Group is able to control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future.

根據中國企業所得稅法，以中國附屬公司於二零零八年一月一日後所賺取溢利宣派的股息須繳交預扣稅。綜合財務報表內未有就中國附屬公司累計溢利的暫時差額 881,215,000 港元（二零一四年：787,248,000 港元）作出遞延稅項撥備，原因為本集團可控制該等暫時差額的撥回時間，以及該等暫時差額在可見的將來不大可能撥回。

SIM Technology Group Limited Annual Report 2015

158

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

22. ENTRUSTED LOAN RECEIVABLES

22. 應收委託貸款

ENTRUSTED LOAN RECEIVABLES 22.應收委託	貸款
Carrying amount receivable 根據貸款協議所載到 based on maturity 期日劃分之 set out in the loan agreements 應收款項賬面值 Within one year 一年內 More than one year but 一年以上但不足兩年 less than two years	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 74,592 167,315 47,360 –
	121,952 167,315

As at 31 December 2015, the Group’s wholly owned subsidiary, Shanghai Suncom Logistics (“Suncom Logistics”) had two entrusted loan agreements with China Fortune Securities Co. Ltd. (“China Fortune”) and China Minsheng Banking Corp., Ltd. Shanghai Branch (“Minsheng Bank”). Pursuant to these agreements, Suncom Logistics entrusted an aggregated amount of RMB40,000,000 (equivalent to approximately HK$47,360,000) to a specific corporate borrower at an interest rate of 9.25% per annum. China Fortune acted as a manager to manage the entrusted loan for a management fee of 1.2% per annum and Minsheng Bank acted as the trustee of the entrusted loan for a trustee fee of 0.05% per month. These entrusted loans will be matured in April 2017.

於二零一五年十二月三十一日，本集團全資附屬公司上海羅捷斯迪電子有限公司（「羅捷斯迪」）與華鑫證券有限責任公司（「華鑫」）及中國民生銀行股份有限公司（上海分行）（「民生銀行」）訂立兩份委託貸款協議。根據該等協議，羅捷斯迪按 9.25 厘年利率向一名指定公司借款人墊付一筆總額為人民幣 40,000,000 元（相等於約 47,360,000 港元）之款項。華鑫作為管理人，就委託貸款每年收取 1.2% 之管理費，而民生銀行作為委託貸款之受託人，每月收取 0.05% 託管費。該等委託貸款將於二零一七年四月到期。

As at 31 December 2015, Suncom Logistics also had an entrusted loan agreement with Shanghai Pudong Development Bank. Pursuant to the agreement, Suncom Logistics entrusted an aggregated amount of RMB30,000,000 (equivalent to approximately HK$35,520,000) to a specific corporate borrower at an interest rate of 8.6% per annum. Shanghai Pudong Development Bank acted as the trustee of the entrusted loan for a trustee fee of 0.1% per month. This entrusted loan will be matured in August 2016.

於二零一五年十二月三十一日，羅捷斯迪亦與上海浦東發展銀行訂立一份委託貸款協議。根據該協議，羅捷斯迪將一筆總額人民幣 30,000,000 元（相等於約 35,520,000 港元）之款項委託予一名指定公司借款人，有關款項按年利率 8.6 厘計息。上海浦東發展銀行作為委託貸款之受託人每月收取0.1%託管費。委託貸款將於二零一六年八月到期。

晨訊科技集團有限公司 二零一五年年報

159

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

22. ENTRUSTED LOAN RECEIVABLES

22. 應收委託貸款（續）

(continued)

As at 31 December 2015 and 2014, the Group’s wholly owned subsidiary, Simcom Wireless, had an entrusted loan agreement with Agricultural Bank of China. Pursuant to the agreement, Simcom Wireless entrusted an aggregated amount of RMB33,000,000 (2015: equivalent to approximately HK$39,072,000) (2014: HK$41,415,000) to a specific corporate borrower at an interest rate of 10% per annum. Agricultural Bank of China acted as the trustee of this entrusted loan. Trustee fee of 0.05% per month is charged by Agriculture Bank of China. This entrusted loan matured in October 2015, and has been extended to April 2016 pursuant to an extension loan agreement signed during the year.

As at 31 December 2014, Shanghai Sunrise Simcom had five entrusted loan agreements with Orient Securities Asset Management Company Limited (“Orient Securities”) and China Minsheng Banking Corp., Ltd, Qingdao branch (the “Bank”). These agreements were signed during the year ended 31 December 2013. Pursuant to these agreements, Shanghai Sunrise Simcom entrusted an aggregated amount of RMB100,000,000 (or approximately HK$125,900,000 “Entrusted Assets”) to a specific corporate borrower. Orient Securities acted as an asset manager to manage the Entrusted Assets and the Bank acted as the trustee to the Entrusted Assets.

Orient Securities was responsible to manage and invest the Entrusted Assets into investment products under 長安信託 • 卉誠實業委託貸款單一資金信託合同 (Chang An Trust Hui Cheng Shi Ye Entrusted Loan Single Fund Trust Agreement) with the instructions from Shanghai Sunrise Simcom. Details of the investment products were as follow:

於二零一五年及二零一四年十二月三十一日，本集團全資附屬公司芯訊通無線與中國農業銀行訂立委託貸款協議，根據該協議，晨興希姆通將一筆總額人民幣 33,000,000 元（二零一五年：相等於約 39,072,000 港元）（二零一四年： 41,415,000 港元）之款項委託予一名指定公司借款人，有關款項按年利率 10 厘計息。中國農業銀行作為該委託貸款之受託人。中國農業銀行每月收取 0.05% 託管費。該委託貸款將於二零一五年十月到期，並根據本年度內簽訂之延長貸款協議延長至二零一六年四月。

於二零一四年十二月三十一日，上海晨興希姆通與東方證券資產管理有限公司（「東方證券」）及中國民生銀行股份有限公司（青島分行）（「該銀行」）訂有五份委託貸款協議。該等協議於截至二零一三年十二月三十一日止年度內簽訂。根據該等協議，上海晨興希姆通將一筆總額人民幣 100,000,000 元（或約 125,900,000 港元）之款項（「受託資產」）委託予一名指定公司借款人。東方證券作為資產管理人管理受託資產，而該銀行則作為受託資產之受託人。

東方證券負責按上海晨興希姆通之指示管理受託資產，並將其投資於長安信託 • 卉誠實業委託貸款單一資金信託合同項下之投資產品。投資產品之詳情如下：

SIM Technology Group Limited Annual Report 2015

160

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

22. ENTRUSTED LOAN RECEIVABLES

22. 應收委託貸款（續）

(continued)

Principal amount

Principal amount Maturity date Effective interest rate 本金額到期日實際利率 RMB20,000,000 April 2015 7% per annum 人民幣 20,000,000 元二零一五年四月年利率 7 厘 RMB20,000,000 April 2015 7% per annum 人民幣 20,000,000 元二零一五年四月年利率 7 厘 RMB20,000,000 July 2015 7% per annum 人民幣 20,000,000 元二零一五年七月年利率 7 厘 RMB20,000,000 July 2015 7% per annum 人民幣 20,000,000 元二零一五年七月年利率 7 厘 RMB20,000,000 July 2015 7% per annum 人民幣 20,000,000 元二零一五年七月年利率 7 厘

Management fee and trustee fee of approximately 0.2% per annum and 0.06% per annum were charged by Orient Securities and the Bank respectively. During the entrusted period, Shanghai Sunrise Simcom might withdraw part of the amount of the Entrusted Assets provided that the remaining balance of the Entrusted Assets in the account should not be less than RMB1 million. Although the Group could withdraw the Entrusted Assets in accordance with the entrusted loan agreements, the management expected that the Group would not withdraw the Entrusted Assets until its maturity. The entrusted loans have been fully settled during the year ended 31 December 2015.

東方證券及該銀行將分別按年率約 0.2% 及 0.06% 收取管理費及託管費。於受託期間，上海晨興希姆通可提取受託資產部分金額，惟賬戶內之受託資產餘額不得少於人民幣 1,000,000 元。儘管本集團可根據委託貸款協議提取受託資產，惟管理層預期本集團於到期前將不會提取受託資產，該等委託貸款已於截至二零一五年十二月三十一日止年度內全數還款。

As at 31 December 2015, the Group received interest income of HK$12,787,000 (2014: HK$12,417,000) and recognised as other income.

於二零一五年十二月三十一日，本集團已收到利息收入 12,787,000 港元（二零一四年： 12,417,000 港元），並將其確認為其他收入。

As at 31 December 2015 and 2014, no entrusted loan receivables have been past due or impaired.

於二零一五年及二零一四年十二月三十一日，應收委託貸款並無逾期或減值。

All the Group’s entrusted loan receivables are denominated in RMB, which is the functional currency of the respective group companies.

本集團所有應收委託貸款均以人民幣計值，而人民幣為相關集團公司之功能貨幣。

晨訊科技集團有限公司 二零一五年年報

161

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

23. INTERESTS IN ASSOCIATES

23. 於聯營公司之權益

INTERESTS IN ASSOCIATES 23.於聯營公	司之權益
Costs of investments in unlisted 於非上市聯營公司之 associates 投資之成本 Share of post-acquisition losses 分佔收購後虧損 Less: Asset classified as held for sale 減：分類為持作出售之資產	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 35,011 31,694 (2,294) (1,033) (27,384) (28,967)
	5,333 1,694

The Group had interests in the following associates:

本集團於下列聯營公司中擁有權益︰

	Form of		Principal		Proportion of	Proportion of	Proportion	Proportion
	business	Country of	place of	Class of	registered capital		of voting
Name of entity	structure	incorporation	operation	share held	held by the Group		power	held	Principal activities
					本集團所持
實體名稱	業務結構形式	註冊成立國家	主要營業地點	所持股份類別	註冊資本比例		所持投票權比例		主要業務
					%		%
					2015	2014	2015	2014
					二零一五年	二零一四年	二零一五年	二零一四年
Xian Helicopter Co.	Incorporated	The PRC	The PRC	Registered	–	–	–	–	Provision of industrial
Limited				capital	*(Note i)*	(Note i)	*(Note i)*	(Note i)	use helicopter services
(“Xian Helicopter”)	註冊成立	中國	中國	註冊資本	–	–	–	–	提供工業用直升機服務
西安直升機有限公司					（附註 i）	（附註i）	（附註 i）	（附註i）
（「西安直升機」）
Beijing Yunyifangyu IOT	Incorporated	The PRC	The PRC	Registered	45	45	45	45	Software development
Limited (“Beijing Yunyi”)				capital
北京雲易方宇物聯網	註冊成立	中國	中國	註冊資本	45	45	45	45	軟件開發
有限公司（「北京雲易」）
上海視馬艾智能科技	Incorporated	The PRC	The PRC	Registered	40	–	40	–	Software development
有限公司（「上海視馬」）				capital	*(Note ii)*		*(Note ii)*
	註冊成立	中國	中國	註冊資本	40	–	40	–	軟件開發
					（附註ii）		（附註ii）

SIM Technology Group Limited Annual Report 2015

162

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

23. INTERESTS IN ASSOCIATES (continued)

Notes:

(i) During the year ended 31 December 2014, the Group entered into a sale and purchase agreement (“Sale and Purchase Agreement”) with the existing major shareholder of Xian Helicopter (the “Acquirer”), to dispose of the Group’s entire 30% equity interest in Xian Helicopter for a consideration of RMB26,160,000 (or equivalent to approximately HK$32,831,000) which will be settled by three instalments. As at 31 December 2015, part of the consideration amounting to RMB20,950,000 (equivalent to approximately HK$24,805,000) (2014: RMB12,950,000 (equivalent to approximately HK$16,252,000)) has been received by the Group and the remaining RMB5,210,000 (equivalent to approximately HK$8,026,000) (2014: RMB13,210,000 (equivalent to approximately HK$16,579,000)) has not been settled. The transaction will be completed upon the receipt of the full consideration by the Group. As at 31 December 2015, the interest in Xian Helicopter has been classified as asset classified as held for sale and the consideration received of HK$24,805,000 (2014: HK$16,252,000) has been classified as liability associated with asset classified as held for sale.

The sale proceeds exceed the carrying amount of the interest in Xian Helicopter and, accordingly, no impairment loss has been recognised.

(ii) During the year ended 31 December 2015, the Group incorporated 上海視馬 with registered capital of RMB20,000,000. Initial capital injection of RMB4,000,000 was made by the Group upon incorporation. As at 31 December 2015, the Group and other investors had capital commitment of RMB4,000,000 (equivalent to HK$4,736,000) and RMB12,000,000 (equivalent to HK$14,208,000). The Group’s capital commitment is set out in note 36.

There are no significant restrictions on the ability of the associates to transfer funds to the Group in the form of cash dividends, or to repay loans or advance made by the Group.

23. 於聯營公司之權益（續）

附註：

(i) 截至二零一四年十二月三十一日止年度，本集團與西安直升機現有主要股東（「買方」）訂立買賣協議（「買賣協議」），出售本集團於西安直升機之全部 30% 股權，代價為人民幣 26,160,000 元（或相等於約 32,831,000 港元），將分三期支付。於二零一五年十二月三十一日，本集團已收到部分代價人民幣 20,950,000 元（相等於約 24,805,000 港元（二零一四年：人民幣 12,950,000 元（相等於約 16,252,000 港元）），餘下人民幣 5,210,000 元（相等於約 8,026,000 港元（二零一四年：人民幣 13,210,000 元（相等於約 16,579,000 港元））尚未結付。該交易將於本集團收取全額代價後完成。於二零一五年十二月三十一日，於西安直升機之權益已分類為持作出售資產，而已收代價約 24,805,000 港元（二零一四年：16,252,000 港元）已分類為與持作出售之資產相關之負債。

銷售所得款項超逾於西安直升機之權益之賬面值，因此並無確認減值虧損。

(ii) 截至二零一五年十二月三十一日止年度，本集團註冊成立上海視馬，註冊資本為人民幣 20,000,000 元。本集團於註冊成立時初步注資人民幣 4,000,000 元。於二零一五年十二月三十一日，本集團及其他投資者的資本承擔為人民幣 4,000,000 元（相等於 4,736,000 港元）及人民幣 12,000,000 元（相等於 14,208,000 港元）。本集團之資本承擔載於附註 36。
聯營公司以現金股息方式向本集團轉撥資金或償還本集團提供之貸款或墊款之能力並無受到重大限制。

晨訊科技集團有限公司 二零一五年年報

163

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

24. 可供出售投資

24. AVAILABLE-FOR-SALE INVESTMENTS

投資
2015	2014
二零一五年	二零一四年
HK$’000	HK$’000
千港元	千港元
16,875	16,875

Available-for-sale investments comprise: 可供出售投資包括：

Unlisted equity securities in the PRC 於中國之非上市股本證券

上述非上市股本投資代表投資於由一間在中國註冊成立的私人實體所發行的非上市股本證券。因為公平值的合理估計範圍極大，董事認為其公平值不能可靠地計量，因此於報告期末按成本減去減值而計量。

The above unlisted equity investments represent investments in unlisted equity securities issued by a private entity incorporated in the PRC. They are measured at cost less impairment at the end of the reporting period because the range of reasonable fair value estimates is so significant that the Directors are of the opinion that their fair values cannot be measured reliably.

25. INVENTORIES

25. 存貨

INVENTORIES 25.存貨
Raw materials 原料 Work in progress 在製品 Finished goods 製成品	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 316,903 222,517 39,542 23,530 311,826 108,318
	668,271 354,365

SIM Technology Group Limited Annual Report 2015

164

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

26. PROPERTIES UNDER DEVELOPMENT FOR SALE

26. 發展中的銷售物業

At 1 January 2014 於二零一四年一月一日 Additions 添置 Exchange differences 匯率差異 Transfer to properties held for sale 轉至持作出售物業 At 31 December 2014 於二零一四年十二月三十一日 Additions 添置 Exchange differences 匯率差異 Transfer to properties held for sale 轉至持作出售物業 At 31 December 2015 於二零一五年十二月三十一日	HK$’000 千港元 483,710 208,536 (9,446) (226,852)
	455,948 170,553 (25,795) (373,696)
	227,010

The properties under development for sale of the Group are situated in the PRC and located on land use rights under medium-term leases.

本集團發展中的銷售物業位於中國及座落於按中期租約持有土地使用權的土地上。

Included in the properties under development for sale classified as current assets as at 31 December 2015 is an amount of HK$90,951,000 (2014: HK$157,833,000) which represents the carrying value of the properties expected to be completed and sold after more than twelve months from the end of the reporting period.

於二零一五年十二月三十一日，分類為流動資產之發展中的銷售物業包括一筆 90,951,000 港元（二零一四年︰157,833,000 港元）之款項，有關款項為該等預期於報告期末後十二個月後落成及出售之物業之賬面值。

27. PROPERTIES HELD FOR SALE

27. 持作銷售物業

The Group’s properties held for sale are all situated in the PRC. All the properties held for sale are stated at the lower of cost and net realisable value.

本集團持作銷售物業均位於中國。所有持作銷售物業均以成本及可變現淨值之較低者列值。

晨訊科技集團有限公司 二零一五年年報

165

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. OTHER CURRENT FINANCIAL ASSETS

28. 其他流動金融資產

The normal credit period given on sale of goods relating to handsets and solutions, display modules and wireless communication modules is 0-90 days. A longer period is granted to a few customers with whom the Group has a good business relationship and which are in sound financial condition. There is no credit given to sales of properties.

銷售與手機及決解方案、顯示模塊及無線通訊模塊有關之貨品之一般信貸期為零至 90 天。少數與本集團有良好業務關係且財務狀況穩健之客戶會獲較長之信貸期。並無就銷售物業給予信貸期。

The following is an aged analysis of trade receivables, net of allowance for bad and doubtful debts, as well as notes receivables presented based on the invoice dates at the end of the reporting period, which approximated the revenue recognition dates:

以下為於報告期末（與確認收入之日期相若）應收貿易賬款（扣除呆壞賬撥備）以及應收票據按發票日期作出之賬齡分析︰

Trade receivables 應收貿易賬款 0-30 days 零至30天 31-60 days 31至60天 61-90 days 61至90天 91-180 days 91至180天 Over 180 days 超過180天 Less: Accumulated allowances 減：累計撥備 Trade receivables 應收貿易賬款 Notes receivables_(Note)_ 應收票據（附註） 0-30 days 零至30天	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 169,379 199,100 75,372 31,550 26,913 4,475 3,688 1,851 30,964 35,987
	306,316 272,963 (31,551) (32,877)
	274,765 240,086
	17,591 15,660
	292,356 255,746

Note: Notes receivables represent the promissory notes issued by banks received from the customers.

附註：應收票據為向客戶收取由銀行發出之承兌票據。

SIM Technology Group Limited Annual Report 2015

166

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. OTHER CURRENT FINANCIAL ASSETS (continued)

28. 其他流動金融資產（續）

Before accepting any new customer, the Group assesses the potential customer’s credit quality and defines credit limits by customer. Limits attributed to customers are reviewed twice a year. The Group has policy for allowance of bad and doubtful debts which is based on an evaluation of the collectability and age analysis of accounts on every individual trade debtor basis and on management’s judgment including creditworthiness and the past collection history of each customer.

接納任何新客戶前，本集團會評估潛在客戶的信貸質素並設定客戶的信貸限額。客戶限額每年審閱兩次。本集團定有政策，根據每項應收貿易賬款賬目之可收回程度評估及賬齡分析以及管理層之判斷（包括每名客戶之信貸評級及過往還款記錄），就呆壞賬作出撥備。

Included in the Group’s trade receivable balance are debtors with aggregate carrying amount of HK$6,348,000 (2014: HK$7,871,000) which are past due at the reporting date for which the Group has not provided for impairment loss because they were either subsequently settled as at the date of this report or there was no historical default of payments by the respective customers. The Group does not hold any collateral over these balances. The average age of these receivables is 150 days (2014: 170 days).

本集團之應收貿易賬款結餘內包含賬面總值為 6,348,000 港元（二零一四年：7,871,000 港元）的應收賬款，於報告日期為已過期而本集團並無就減值虧損作撥備，因有關款項已於本報告日期後付清或這些客戶並沒有拖欠付款記錄。本集團並無就該等結餘持有任何抵押品。該等應收賬款之平均賬齡為 150 天（二零一四年：170 天）。

Ageing of trade receivables which are past due but not impaired

已逾期但未減值的應收貿易賬款之賬齡

90-180 days 90至180天 181-365 days 181至365天	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 3,670 1,805 2,678 6,066

Movement in the allowance for bad and doubtful debts

呆壞賬撥備之變動

Balance at beginning of the year 年初結餘 Exchange differences 匯率差異 Impairment losses recognised 所確認之減值虧損 Impairment losses reversed 減值虧損撥回 Balance at end of the year 年末結餘	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 32,877 32,465 (1,929) 412 1,833 – (1,230) –
	31,551 32,877

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167

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. OTHER CURRENT FINANCIAL ASSETS

28. 其他流動金融資產（續）

(continued)

Movement in the allowance for bad and doubtful debts

呆壞賬撥備之變動（續）

(continued)

As at 31 December 2015, trade receivables of HK$57,495,000 (2014: HK$98,253,000) are denominated in USD, which are not denominated in the functional currency of the respective group entities.

於二零一五年十二月三十一日，57,495,000 港元（二零一四年：98,253,000 港元）的應收貿易賬款以美元計值，並非以相關集團實體的功能貨幣計值。

Other receivables are unsecured, interest-free and will be settled within twelve months after the end of reporting period. Deposits mainly represented trade deposits paid to third parties.

其他應收賬款為無抵押、免息及將於報告期末後十二個月內償還。按金主要為支付予第三方之貿易按金。

The following is the breakdown of other receivables, deposits and prepayments:

以下為其他應收賬款、按金及預付款項之分析︰

VAT recoverable
可收回增值稅
Deposits paid to suppliers for
就購買存貨支付予
purchasing inventories
供應商之按金
Deposits paid to sub-contractors
就興建物業支付
for construction of properties
予分包承建商之按金
Deposits paid for the acquisition
就收購土地使用權作物業發展
of land use rights for property
用途所支付之按金
development purpose
Prepayments
預付款項
Other receivables
其他應收賬款
Entrusted loan interest receivable
應收委託貸款利息
Government subsidy receivable
應收政府津貼

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
82,380
91,775
99,834
90,557
557
26,319
28,416
30,720
10,584
4,588
13,189
5,938
5,879
–
13,870
–

254,709
249,897

Amounts due from non-controlling shareholders of subsidiaries

Amounts are unsecured, interest-free and repayment on demand.

應收附屬公司非控股股東款項

有關款項為無抵押、免息及應要求償還。

SIM Technology Group Limited Annual Report 2015

168

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

29. PLEDGED BANK DEPOSITS AND BANK BALANCES AND CASH

The bank balances and cash of the Group are mainly denominated in RMB, HK$ and USD. The bank balances receive variable interest at an average rate of 1% (2014: 1%) per annum. Included in the bank balances and cash and pledged bank deposits was an amount of HK$316,422,000 (2014: HK$296,451,000) denominated in RMB, which is not freely convertible into other currencies.

The Group’s bank deposits of HK$102,864,000 (2014: HK$40,913,000) as at 31 December 2015 were pledged to secure the short-term general banking facilities granted by banks and discounted bills. The bank deposits will mature on clearance of the discounted bills.

At 31 December 2015, bank balances of HK$84,431,000 (2014: HK$35,371,000) are denominated in USD, which are not denominated in the functional currency of the respective group entities.

30. STRUCTURED DEPOSITS

During the year ended 31 December 2014, the Group entered into investment contracts of structured investment products with banks. They were principal protected notes with maturity less than 1 month. The counterparty banks guaranteed 100% of the invested capital and the return of which were determined by reference to the change in the price movements of underlying assets. These investments had been designated as financial assets at FVTPL at initial recognition. The structured deposits were stated at fair value and were determined by reference to the quoted redemption price provided by the counterparty banks. The structured deposits have been matured and settled during the current year.

29. 已抵押銀行存款及銀行結餘及現金

本集團之銀行結餘及現金主要以人民幣、港元及美元計值。銀行結餘按浮動利率計息，平均年利率為 1 厘（二零一四年：1 厘）。銀行結餘及現金以及已抵押銀行存款內包括一筆以人民幣計值之款項 316,422,000 港元（二零一四年： 296,451,000 港元），該等款項不可自由轉換為其他貨幣。

本集團於二零一五年十二月三十一日之銀行存款 102,864,000 港元（二零一四年：40,913,000 港元）已予抵押，作為獲得銀行授出短期一般銀行融資及貼現票據之抵押。銀行存款將於貼現票據結算時到期。

於二零一五年十二月三十一日，以美元計值的銀行結餘為 84,431,000 港元（二零一四年： 35,371,000 港元），有關款項並非以相關集團實體的功能貨幣計值。

30. 結構性存款

截至二零一四年十二月三十一日止年度，本集團與多間銀行訂立結構性投資產品之投資合約。有關產品為到期日為一個月內的保本票據。對手方銀行保證退回 100% 投入資本，而回報則按相關資產之價格變動釐定。是項投資已於初步確認時指定為透過損益按公平值列賬之金融資產。該筆結構性存款按公平值列賬，公平值乃參考對手方銀行所提供之贖回報價釐定。結構性存款已於本年度到期並結算。

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169

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

31. FINANCIAL LIABILITIES

31. 金融負債

Trade and notes payables, other payables, deposits received and accruals principally comprise amounts outstanding for trade purposes and ongoing costs.

應付貿易賬款及票據、其他應付賬款、已收按金及應計款項主要包括貿易用途之未償付款項以及持續成本。

Trade and notes payables

Trade and notes payables (other than for the construction of properties held for sale) principally comprise amounts outstanding for trade purchases. The normal credit period taken for trade purchases is 30-90 days.

應付貿易賬款及票據

應付貿易賬款及票據（不包括興建持作銷售物業）主要包括未償還之貿易採購金額。貿易採購之一般信貸期為 30 至 90 天。

Payables and accrued expenditure on construction of properties held for sale comprise construction costs and other project-related expenses which are payable based on project progress measured by the Group.

興建持作銷售物業之應付賬款及應計開支包括建築成本及其他與項目相關之開支，有關款項根據本集團計量之項目進度支付。

An aged analysis of the Group’s trade and notes payables at the end of the reporting period presented based on the invoice dates for trade payables or date of issuance for notes payables is as follows:

以下為於報告期末本集團之應付貿易賬款及票據按應付貿易賬款之發票日期或應付票據之發出日期作出之賬齡分析：

0-30 days 零至30天 31-60 days 31至60天 61-90 days 61至90天 Over 90 days 超過90天	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 569,902 273,817 35,444 35,162 4,112 6,489 18,943 91,355
	628,401 406,823

As at 31 December 2015, included in the trade and notes payables, HK$150,941,609 (2014: HK$173,150,569) are denominated in USD, which are not denominated in the functional currency of the respective group entities.

於二零一五年十二月三十一日，應付貿易賬款及票據內包括以美元計值之款項 150,941,609 港元（二零一四年：173,150,569 港元），有關款項並非以相關集團實體的功能貨幣計值。

SIM Technology Group Limited Annual Report 2015

170

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

31. FINANCIAL LIABILITIES (continued)

31. 金融負債（續）

Other payables, deposits received and accruals

The following is the breakdown of other payables, deposits received and accruals:

其他應付賬款、已收按金及應計款項

以下為其他應付賬款、已收按金及應計款項之分析︰

Deferred income_(note)_
遞延收入（附註）
Payables on acquisition of property,
收購物業、廠房及
plant and equipment
設備之應付賬款
Deposits received from customers
就銷售貨物向客戶
for sales of goods
收取之按金
Deposits received from customers
就預售物業向客戶
for pre-sales of properties
收取之按金
Accruals
應計款項
VAT payables
應付增值稅
Other payables
其他應付賬款

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
58,687
50,063
12,103
4,796
129,258
74,013
56,526
64,691
9,001
12,504
7,455
4,783
15,780
18,945

288,810
229,795

Note: As at 31 December 2015, other payables included deferred income on government grants amounting to HK$58,687,000 (2014: HK$50,063,000). Government grants are given to support the research and development of advanced electronic devices and technology and used for acquisition of property, plant and equipment. These grants are released to income to cover actual expenditure used in research and development activities or transferred to profit or loss over useful lives of the related assets. Included in deferred income on government grants amounting to HK$52,550,000 (2014: HK$47,140,000) represented the income that is not expected to be realised to profit or loss within 12 months of the reporting date based on the depreciation rates of the related assets and therefore has been presented to non-current liabilities.
附註︰於二零一五年十二月三十一日，其他應付賬款包括政府項目收入之遞延收入 58,687,000 港元（二零一四年：50,063,000 港元）。政府項目收入乃用於支持先進電子設備及技術之研發，以及收購物業、廠房及設備。該等補助會轉撥至收入彌補研發活動之實際開支或於相關資產之使用期轉撥至損益。政府項目收入之遞延收入中包括一筆 52,550,000 港元（二零一四年：47,140,000 港元）之款項，根據相關資產之折舊率，預期有關款項不會於報告日期後十二個月內於損益中變現，因而呈列為非流動負債。

Amounts due to non-controlling shareholders of subsidiaries and an associate

Amounts are unsecured, interest-free and repayable on demand.

應付附屬公司及一間聯營公司非控股股東款項

有關款項為無抵押、免息及應要求償還。

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171

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

32. BANK BORROWINGS

Secured:	有抵押：
Bank loans_(note i)_	銀行貸款（附註i）
Discounted bills_(note ii)_	貼現票據（附註ii）

Notes:

(i) At the end of the reporting period, the loans include an amount of HK$47,360,000 denominated in RMB, which are the functional currency of the respective group entities (2014: an amount of HK$258,858,000 of loans denominated in USD and an amount of HK$60,102,000 denominated in RMB). The loans carry variable interest at LPR plus a spread (2014: USD denominated loans carry variable interest at LIBOR plus spread; RMB denominated loans carry variable interest at LPR plus a spread or at a fixed interest rate). All loans are repayable within one year. Pursuant to the loan agreements, the bank borrowings were secured by investment properties, property, plant and equipment, land use rights and pledged bank deposits as disclosed in notes 16, 17, 18 and 29 respectively.
(ii) Discounted bills include an amount of HK$54,901,000 denominated in USD and an amount of HK$231,259,000 denominated in RMB, which is the functional currency of respective entities of the Group, and are secured by pledged bank deposits. The effective interest rates of the discounted bills range from 1.6% to 2% per annum. Bills are issued through intra-group transactions and the relevant group entities discounted the bills to independent third parties. The bills receivable and payable issued between group entities are fully eliminated on consolidation.

32. 銀行借貸

2015	2014
二零一五年	二零一四年
HK$’000	HK$’000
千港元	千港元
47,360	318,960
286,160	–
333,520	318,960

附註：

(i) 於報告期末，有關貸款包括以相關集團實體之功能貨幣人民幣計值之貸款 47,360,000 港元（二零一四年：以美元計值之貸款 258,858,000 港元及以人民幣計值之貸款60,102,000港元)。有關貸款按倫敦銀行同業拆息加息差之浮動利率計息（二零一四年：以美元計值之貸款按倫敦銀行同業拆息加息差之浮動利率計息；以人民幣計值之貸款按貸款基礎利率加息差之浮動利率或固定利率計息）。所有貸款均須於一年內償還。根據貸款協議，銀行借貸乃以投資物業、物業、廠房及設備、土地使用權及已抵押銀行存款作為抵押（分別於附註 16、17、18 及 29 中披露）。
(ii) 貼現票據包括以美元計值之金額 54,901,000 港元，及以相關集團實體之功能貨幣人民幣計值之金額 231,259,000 港元，並以已抵押銀行存款作為抵押。貼現票據之實際年利率介於 1.6 厘至 2 厘。該等票據通過集團內部交易發行，而相關集團實體將票據貼現予獨立第三方。集團實體間所發行之應收及應付票據於綜合入賬時全數抵銷。

SIM Technology Group Limited Annual Report 2015

172

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

33. SHARE CAPITAL

33. 股本

Ordinary shares of HK$0.1 each
每股面值0.1港元之普通股
Authorised:
法定：
At 1 January 2014,
於二零一四年一月一日、
31 December 2014 and
二零一四年十二月三十一日
31 December 2015
及二零一五年十二月三十一日
Issued:
已發行：
At 1 January 2015
於二零一五年一月一日
Shares issued upon exercise
行使購股權發行之股份
of share options
At 31 December 2015
二零一五年十二月三十一日

Number
Share
of shares
capital
股份數目
股本
’000
HK$’000
千股
千港元
3,000,000
300,000

2,557,499
255,750
398
40

2,557,897
255,790

Details of the exercise of share options are set out in note 38.

行使購股權之詳情載於附註 38。

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173

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

34. RESERVES

34. 儲備

Properties revaluation reserve 物業重估儲備 At 1 January 2014 於二零一四年一月一日 Surplus on transfer of land use 將土地使用權及物業、廠房及 rights and property, plant and 設備轉撥至按公平值列賬 equipment to investment properties之投資物業之盈餘 at fair value Deferred tax liabilities on surplus on 將土地使用權及物業、廠房及 transfer of land use rights and 設備轉撥至按公平值列賬之 property, plant and equipment to 投資物業之盈餘之遞延稅項負債 investment properties at fair value At 31 December 2014 and 2015 於二零一四年及二零一五年十二月三十一日 Translation reserve 換算儲備 At 1 January 2014 於二零一四年一月一日 Exchange differences arising on 換算至呈列貨幣產生的匯率差異 translation to presentation currency At 31 December 2014 於二零一四年十二月三十一日 Exchange differences arising on 換算至呈列貨幣產生的匯率差異 translation to presentation currency At 31 December 2015 於二零一五年十二月三十一日	HK$’000 千港元 82,012 27,753 (6,938)
	102,827
	HK$’000 千港元 279,093 (17,598)
	261,495 (83,922)
	177,573

SIM Technology Group Limited Annual Report 2015

174

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

35. OPERATING LEASE ARRANGEMENT

35. 經營租賃安排

The Group as lessee

The Group made minimum lease payments under operating leases in respect of office premises of approximately HK$10,277,000 (2014: HK$7,002,000), in which approximately HK$5,531,000 (2014: HK$4,281,000) were capitalised in development cost.

本集團作為承租人

本集團就辦公室物業而根據經營租賃支付之最低租金款項約為10,277,000港元（二零一四年： 7,002,000 港元），其中約 5,531,000 港元（二零一四年：4,281,000 港元）已於開發成本中資本化。

At the end of the reporting period, the Group had commitments for future minimum lease payments under noncancellable operating leases which fall due as follows:

於報告期末，本集團根據不可撤銷經營租賃支付之未來最低租金款項承擔之到期日如下：

Within one year 一年內 In the second to fifth year inclusive 第二至第五年（首尾兩年包括在內）	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 3,553 1,793 1,597 510
	5,150 2,303

Leases are negotiated for an average term of two years and rentals are fixed for an average of two years.

租賃之平均年期商定為兩年，而租金固定期平均為兩年。

The Group as lessor

All of the properties held have committed tenants for the next 2-10 years.

本集團作為出租人

所有持有之物業未來 2 至 10 年均有租客承租。

At the end of the reporting period, the Group had contracted with tenants for the following future minimum lease payments:

於報告期末，本集團與租客訂約之未來最低租金款項如下：

Within one year 一年內 In the second to fifth year inclusive 第二至第五年（首尾兩年包括在內） After five years 五年後	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 26,500 21,325 39,410 45,998 1,692 7,918
	67,602 75,241

晨訊科技集團有限公司 二零一五年年報

175

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

36. COMMITMENTS

36. 承擔

Expenditure in respect of
已訂約但未於綜合財務報表中
investment in an associate
撥備之有關於一間聯營公司
contracted for but not provided
之投資開支（附註23）
in the consolidated financial
statements_(note 23)_
Expenditure in respect of properties
已訂約但未於綜合財務報表中撥備
under development for sale
之發展中銷售物業開支
contracted for but not
provided in the consolidated
financial statements
Expenditure in respect of
已授權但未訂約之發展中
properties under development
銷售物業開支
for sale authorised but not
contracted for

2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
4,736
–
158,672
95,327
–
35,348

SIM Technology Group Limited Annual Report 2015

176

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

37. RETIREMENT BENEFITS SCHEMES

The Group operates a MPF Scheme under rules and regulations of Mandatory Provident Fund Schemes Ordinance for all its employees in Hong Kong. All the employees of the Group in Hong Kong are required to join the MPF Scheme. Contributions are made based on a percentage of the employees’ salaries and are charged to consolidated statement of profit or loss as they become payable in accordance with the rules of the MPF Scheme. The assets of the MPF Scheme are held separately from those of the Group in an independently administered fund. The Group’s employer contributions vest fully with the employees when contributed into the MPF Scheme. No forfeited contribution is available to reduce the contribution payable in the future years as at 31 December 2015 and 2014.

The Group’s subsidiaries in the PRC, in compliance with the applicable regulations of the PRC, participate in a statemanaged retirement benefits scheme operated by the local government. The subsidiaries are required to contribute a specific percentage of their payroll costs to the retirement benefits scheme. The only obligation of the Group with respect to the retirement benefits scheme is to make the specified contributions.

During the year, the total amounts of HK$58,023,000 (2014: HK$50,828,000) contributed by the Group to the schemes and cost charged to the consolidated statement of profit or loss represents contribution payable to the schemes by the Group at rates specified in the rules of the schemes.

37. 退休福利計劃

本集團根據強制性公積金計劃條例為其所有香港僱員設立一項強積金計劃。所有於香港的本集團僱員均須加入強積金計劃。供款按僱員基本薪金的某一百分比作出，並根據強積金計劃之規則於應予支付時在綜合損益表扣除。強積金計劃之資產與本集團的其他資產分開處理，由一獨立管理之基金持有。在向強積金計劃供款時，本集團僱主供款將全數歸屬於僱員所有。於二零一五年及二零一四年十二月三十一日，並無沒收之供款可用作扣減本集團於未來年度之應付供款。

本集團於中國之附屬公司遵照中國之適用規則，參與一項國家管理由當地政府經營的退休福利計劃。附屬公司須按工資成本的指定百分比比率向退休福利計劃供款。本集團就退休福利計劃之唯一責任為作出指定供款。

於本年度，本集團向計劃供款總額 58,023,000 港元 ( 二零一四年：50,828,000 港元 )，而於綜合損益表扣除之成本，代表本集團根據計劃規則按指定比率向計劃應付之供款數額。

晨訊科技集團有限公司 二零一五年年報

177

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. SHARE OPTION SCHEMES

The Company had two share option schemes, including pre-initial public offering share options scheme (the “PreIPO Options”) and post-initial public offering share options scheme (the “Post-IPO Options”). Both Pre-IPO Options and Post-IPO Options were adopted on 30 May 2005. The major terms and conditions of the two schemes are set out below:

(A) Pre-IPO Options
(i) The purpose was to provide incentives to the participants.
(ii) The participants included Directors of the Company or its subsidiaries, senior management and other employees of the Group.
(iii) The maximum number of shares in respect of which options might be granted under the Pre-IPO Options shall not exceed 44,000,000 shares.
(iv) Any cancellation of options granted but not exercised must be approved by the board of directors. Any options cancelled cannot be regranted.
(v) Subject to the vesting period set out in note 38 of this report and the terms of the Pre-IPO Options, an option may be exercised by the grantee at any time during the period of 10 years commencing on the date of grant.
(vi) No consideration is required to be paid by the grantee for the grant of options.

38. 購股權計劃

本公司有兩項購股權計劃，包括首次公開發售前購股權計劃（「首次公開發售前購股權計劃」）及首次公開發售後購股權計劃（「首次公開發售後購股權計劃」）。首次公開發售前購股權計劃及首次公開發售後購股權計劃均於二零零五年五月三十日被採納。兩項計劃之主要條款概要如下：

(A) 首次公開發售前購股權計劃 (i) 目的是為參與者提供激勵。
(ii) 參與者包括本公司或其附屬公司董事、本集團之高級管理層及其他僱員。
(iii) 首次公開發售前購股權計劃可授出之購股權所涉及的最高股份限額不可超過 44,000,000 股。
(iv) 任何註銷已授出但未行使之購股權須經董事會同意。任何已註銷購股權不可獲重新授出。
(v) 根據本報告附註 38 所載之歸屬期及首次公開發售前購股權計劃之條款，承授人可於授出日期起計十年期間隨時行使購股權。
(vi) 承授人毋須就獲授之購股權支付任何代價。

SIM Technology Group Limited Annual Report 2015

178

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015

截至二零一五年十二月三十一日止年度

38. SHARE OPTION SCHEMES (continued)

(A) Pre-IPO Options (continued)
(vii) The exercise price of an option is 60% of the offer price in the Company’s initial public offering on 21 June 2005.
(viii) The life of the Pre-IPO Options shall be valid and effective from 30 May 2005 to 14 June 2005, after which time no further options will be granted but the provisions of the Pre-IPO Options shall remain in full force and effect in all other respects.

(B) Post-IPO Options

(i) The purpose was to provide incentives to the participants.
(ii) The participants included any employee or executive Director and such other persons as the board of directors may consider appropriate.
(iii) On 12 December 2008, a resolution to renew the 10% general limit of the Post-IPO Options was duly passed by the shareholders of the Company. The maximum number of shares in respect of which options might be granted under the PostIPO Options must not exceed 10% of the shares in issue as at 12 December 2008 (i.e. 151,749,000 shares, being 5.93% of the issued shares of the Company as at the date of this annual report) and in any event the total maximum number of shares which might be issued or issuable upon exercise of all outstanding options should not exceed 30% of the issued share capital of the Company from time to time.
(iv) The acceptance of an option, if accepted, must be made within 5 business days from the date of grant. No consideration is required to be paid by the grantee for the grant of options.
(v) The exercise price of an option must be the highest of:
the closing price of the share on the grant date;
the average closing price of the share for the 5 trading days immediately preceding the grant; and
the nominal value of the share.

38. 購股權計劃（續）

(A) 首次公開發售前購股權計劃（續）
(vii) 購股權之行使價為本公司於二零零五年六月二十一日進行首次公開發售的每股發售價之 60%。
(viii) 首次公開發售前購股權計劃之年期由二零零五年五月三十日至二零零五年六月十四日期間有效及生效，此後將不會再進一步授出購股權，惟首次公開發售前購股權計劃之條款在所有其他方面仍具十足效力及生效。
(B) 首次公開發售後購股權計劃
(i) 目的是為參與者提供激勵。
(ii) 參與者包括任何僱員或執行董事，以及董事會可能認為合適之其他人士。
(iii) 於二零零八年十二月十二日，本公司股東正式通過一項決議案更新首次公開發售後購股權計劃之 10% 一般上限。根據首次公開發售後購股權計劃可予授出的購股權所涉及的最高股份數目，不得超過於二零零八年十二月十二日已發行股份之 10%（即 151,749,000 股股份，相當於本公司於本年報日期已發行股份 5.93%），而因行使所有尚未行使之購股權而可能已發行或可發行之最高股份總數，無論如何不得超過本公司任何時候已發行股本之 30%。
(iv) 購股權之接納（倘若接納）必須於授出日期起計五個營業日內作出。承授人毋須就獲授之購股權支付代價。
(v) 購股權之行使價必須為以下之最高者：
- 於授出日期股份之收市價；
- 緊接授出日期前五個交易日股份之平均收市價；及
- 股份之面值。

晨訊科技集團有限公司 二零一五年年報

179

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. SHARE OPTION SCHEMES (continued)

(B) Post-IPO Options (continued)
(vi) The life of the Post-IPO Options was effective until 29 May 2015, after which time no further option will be granted but provisions of the Post-IPO Options shall remain in full force and effect in all other respects.
(vii) On 19 July 2013, the Company granted an aggregate of 63,000,000 share options under the Post-IPO Options to eligible participants thereof, including certain employees and business partners of the Group (“Grantees”). The Options entitle the Grantees to subscribe for an aggregate of 63,000,000 new ordinary shares of HK$0.10 each in the share capital of the Company upon exercise in full.
(viii) Unless approved by shareholders in general meeting in the manner prescribed in the Listing Rules, the Board shall not grant options to any grantee if the acceptance of those options would result in the total number of shares issued and to be issued to that grantee on exercise of his options during any 12 month period exceeding 1 per cent of the total shares then in issue.

Where any further grant of options to a grantee, if exercised in full, would result in the total number of shares already issued or to be issued upon exercise of all options granted and to be granted to such grantee (including exercised, cancelled and outstanding options) in any 12-month period up to and including the date of such further grant exceeding one per cent of the total number of shares in issue, such further grant must be separately approved by the shareholders in general meeting with such participant and his associates abstaining from voting.

38. 購股權計劃（續）

(B) 首次公開發售後購股權計劃（續）
(vi) 首次公開發售後購股權計劃之年期直至二零一五年五月二十九日為止一直生效，其後將不會再授出購股權，但首次公開發售後購股權計劃之條文在所有其他方面仍具十足效力及生效。
(vii) 於二零一三年七月十九日，本公司根據首次公開發售後購股權計劃向計劃之合資格參與者（包括本集團若干僱員及業務夥伴（「承授人」）授出合共 63,000,000 份購股權。購股權於悉數獲行使時將賦予承授人權力認購本公司股本中合共 63,000,000股每股面值0.10港元之新普通股。
(viii) 倘承授人於任何 12 個月期間因接納該等購股權而導致於行使該等購股權時之已發行及將予發行股份總數超過當時已發行股份總數 1%，除非獲股東於股東大會上以上市規則所述之方式批准，否則董事會不可向任何承授人授出購股權。

倘於任何截至及包括額外授出購股權當日止 12 個月內向承授人額外授出任何購股權（倘悉數行使）而導致因行使已授予及將授予該承授人之所有購股權（包括已行使、註銷及未行使者）而已發行及將發行之股份合共超過已發行股份總數 1%，則該項額外授出購股權須獲得本公司股東於股東大會上另行批准，而該名參與者及其聯繫人士須放棄就該議案投票。

SIM Technology Group Limited Annual Report 2015

180

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. SHARE OPTION SCHEMES (continued)

38. 購股權計劃（續）

The following table disclose details of the options under Pre-IPO Options, Post-IPO Options held by the grantees and movements in such holdings:

下表披露承授人根據首次公開發售前購股權計劃及首次公開發售後購股權計劃持有之購股權之詳情及該等權益之變動：

						Reallocated
						upon
					Outstanding	appointment		Outstanding	Reallocated			Outstanding
				Exercise	at	of chief	Lapsed	at	upon	Exercised	Lapsed/Expired	at
	Name			price	1 January	executive	during	31 December	change of	during	during	31 December
Category of participants	of scheme	Date of grant	Exercisable period	per share	2014	officer	the year	2014	directorate	the year	the year	2015
					於二零一四年	於委任首席		於二零一四年				於二零一五年
				每股	一月一日	執行官時重新		十二月三十一日	董事變動後			十二月三十一日
參與者類別	計劃名稱	授出日期	行使期	行使價	尚未行使	分配	年內失效	尚未行使	重新分配	年內行使	年內失效╱到期	尚未行使
			(Note i)	HK$					(Note ii)
			（附註i）	港元					（附註ii）
Directors
董事
Zhang Jianping	Pre-IPO Options	30.5.2005	1.4.2006-29.5.2015	0.87	1,755,000	–	–	1,755,000	(1,755,000)	–	–	–
張劍平	首次公開發售前	二零零五年	二零零六年四月一日至
	購股權計劃	五月三十日	二零一五年五月二十九日
	Post-IPO Options	28.3.2008	15.4.2009-27.3.2018	0.69	585,000	–	–	585,000	(585,000)	–	–	–
	首次公開發售後	二零零八年	二零零九年四月十五日至
	購股權計劃	三月二十八日	二零一八年三月二十七日
	Post-IPO Options	3.9.2009	15.4.2010-2.9.2019	0.68	8,775,000	–	–	8,775,000	(8,775,000)	–	–	–
	首次公開發售後	二零零九年	二零一零年四月十五日至
	購股權計劃	九月三日	二零一九年九月二日
Tang Rongrong	Post-IPO Options	28.3.2008	15.4.2009-27.3.2018	0.69	936,000	–	–	936,000	–	–	–	936,000
唐融融	首次公開發售後	二零零八年	二零零九年四月十五日至
	購股權計劃	三月二十八日	二零一八年三月二十七日
	Post-IPO Options	3.9.2009	15.4.2010-2.9.2019	0.68	3,510,000	–	–	3,510,000	–	–	–	3,510,000
	首次公開發售後	二零零九年	二零一零年四月十五日至
	購股權計劃	九月三日	二零一九年九月二日

晨訊科技集團有限公司 二零一五年年報

181

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. SHARE OPTION SCHEMES (continued)

38. 購股權計劃（續）

Exercise
Name
price
Category of participants
of scheme
Date of grant
Exercisable period
per share
每股
參與者類別
計劃名稱
授出日期
行使期
行使價
(Note i)
HK$ （附註i）
港元
Directors (continued)
董事（續）
Chan Tat Wing, Richard
Pre-IPO Options
30.5.2005
1.4.2006-29.5.2015
0.87
陳達榮
首次公開發售前
二零零五年
二零零六年四月一日至
購股權計劃
五月三十日
二零一五年五月二十九日
Post-IPO Options
28.3.2008
15.4.2009-27.3.2018
0.69
首次公開發售後
二零零八年
二零零九年四月十五日至
購股權計劃
三月二十八日
二零一八年三月二十七日
Post-IPO Options
3.9.2009
15.4.2010-2.9.2019
0.68
首次公開發售後
二零零九年
二零一零年四月十五日至
購股權計劃
九月三日
二零一九年九月二日
Liu Hong
Post-IPO Options
13.11.2007
1.4.2008-12.11.2017
1.40
劉泓
首次公開發售後
二零零七年
二零零八年四月一日至
購股權計劃
十一月十三日
二零一七年十一月十二日
Post-IPO Options
28.3.2008
15.4.2009-27.3.2018
0.69
首次公開發售後
二零零八年
二零零九年四月十五日至
購股權計劃
三月二十八日
二零一八年三月二十七日
Post-IPO Options
3.9.2009
15.4.2010-2.9.2019
0.68
首次公開發售後
二零零九年
二零一零年四月十五日至
購股權計劃
九月三日
二零一九年九月二日
Liu Jun
Post-IPO Options
3.9.2009
15.4.2010-2.9.2019
0.68
劉軍
首次公開發售後
二零零九年
二零一零年四月十五日至
購股權計劃
九月三日
二零一九年九月二日
Chief executive officer
首席執行官
Liu Jun
Post-IPO Options
3.9.2009
15.4.2010-2.9.2019
0.68
(appointed on
首次公開發售後
二零零九年
二零一零年四月十五日至
11 September 2014)
購股權計劃
九月三日
二零一九年九月二日
劉軍先生
（於二零一四年九月十一日
獲委任）

Reallocated
upon
Outstanding
appointment
Outstanding
Reallocated
Outstanding
at
of chief
Lapsed
at
upon
Exercised Lapsed/Expired
at
1 January
executive
during
31 December
change of
during
during
31 December
2014
officer
the year
2014
directorate
the year
the year
2015
於二零一四年
於委任首席
於二零一四年
於二零一五年
一月一日
執行官時重新
十二月三十一日
董事變動後
十二月三十一日
尚未行使
分配
年內失效
尚未行使
重新分配
年內行使年內失效╱到期
尚未行使
(Note ii)
（附註ii）
585,000
–
–
585,000
–
–
(585,000)
–
1,872,000
–
–
1,872,000
–
–
–
1,872,000
3,510,000
–
–
3,510,000
–
–
–
3,510,000
117,000
–
–
117,000
–
–
–
117,000
393,120
–
–
393,120
–
–
–
393,120
936,000
–
–
936,000
–
–
–
936,000
–
–
–
–
936,000
–
–
936,000

22,974,120
–
–
22,974,120
(10,179,000)
–
(585,000)
12,210,120

–
936,000
–
936,000
(936,000)
–
–
–

SIM Technology Group Limited Annual Report 2015

182

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. SHARE OPTION SCHEMES (continued)

38. 購股權計劃（續）

Exercise
Name
price
Category of participants
of scheme
Date of grant
Exercisable period
per share
每股
參與者類別
計劃名稱
授出日期
行使期
行使價
(Note i)
HK$ （附註i）
港元
Employees of the Group
Pre-IPO Options
30.5.2005
1.4.2006-29.5.2015
0.87
本集團僱員
首次公開發售前
二零零五年
二零零六年四月一日至
購股權計劃
五月三十日
二零一五年五月二十九日
Post-IPO Options
12.5.2006
1.1.2007-11.5.2016
3.14
首次公開發售後
二零零六年
二零零七年一月一日至
購股權計劃
五月十二日
二零一六年五月十一日
Post-IPO Options
13.11.2007
1.4.2008-12.11.2017
1.40
首次公開發售後
二零零七年
二零零八年四月一日至
購股權計劃
十一月十三日
二零一七年十一月十二日
Post-IPO Options
28.3.2008
15.4.2009-27.3.2018
0.69
首次公開發售後
二零零八年
二零零九年四月十五日至
購股權計劃
三月二十八日
二零一八年三月二十七日
Post-IPO Options
3.9.2009
15.4.2010-2.9.2019
0.68
首次公開發售後
二零零九年
二零一零年四月十五日至
購股權計劃
九月三日
二零一九年九月二日
Post-IPO Options
19.7.2013
15.4.2015-18.7.2023
0.346
首次公開發售後
二零一三年
二零一四年四月十五日至
購股權計劃
七月十九日
二零二三年七月十八日
Consultants
Post-IPO Options
19.7.2013
15.4.2015-18.7.2023
0.346
顧問
首次公開發售後
二零一三年
二零一五年四月十五日至
購股權計劃
七月十九日
二零二三年七月十八日
Total
總計
Exercisable at the end
of the year
於年末可予行使

Reallocated
upon
Outstanding
appointment
Outstanding
Reallocated
Outstanding
at
of chief
Lapsed
at
upon
Exercised Lapsed/Expired
at
1 January
executive
during
31 December
change of
during
during
31 December
2014
officer
the year
2014
directorate
the year
the year
2015
於二零一四年
於委任首席
於二零一四年
於二零一五年
一月一日
執行官時重新
十二月三十一日
董事變動後
十二月三十一日
尚未行使
分配
年內失效
尚未行使
重新分配
年內行使年內失效╱到期
尚未行使
(Note ii)
（附註ii）
826,020
–
–
826,020
1,755,000
–
(2,581,020)
–
2,878,200
–
(304,200)
2,574,000
–
–
(210,600)
2,363,400
4,344,795
–
(257,400)
4,087,395
–
–
(451,620)
3,635,775
13,735,800
–
(834,795)
12,901,005
585,000
–
(819,000)
12,667,005
39,430,755
(936,000)
(3,156,075)
35,338,680
8,775,000
(10,800)
(3,725,865)
40,377,015
17,600,000
–
–
17,600,000
–
(387,000)
–
17,213,000
45,400,000
–
–
45,400,000
–
–
–
45,400,000

147,189,690
–
(4,552,470)
142,637,220
–
(397,800)
(8,373,105)
133,866,315

142,637,220
133,866,315

晨訊科技集團有限公司 二零一五年年報

183

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. SHARE OPTION SCHEMES (continued)

Notes:

(i) In relation to each grantee of the options granted under the PreIPO Options, subject to the vesting period set out below and terms of the Pre-IPO Options, an option may be exercised by the grantee at any time during the period of 10 years commending on the date of grant, 25% of the options will vest during the period from 1 April 2006 to 31 December 2006 and in each of the three calendar years from 1 January 2007 to 31 December 2009.

In relation to each grantee of the options granted on 12 May 2006 under Post-IPO Options, 25% of the options will vest in each of the four calendar years from 1 January 2007.

In relation to each grantee of the options granted on 13 November 2007 under Post-IPO Options, 25% of the options will vest in each of the four years from 1 April 2008.

In relation to each grantee of the options granted on 28 March 2008 under Post-IPO Options, 25% of options will vest in each of the four year from 15 April 2009.

In relation to each grantee of the options granted on 3 September 2009 under Post-IPO Options, 25% of options will vest in each of the four year from 15 April 2010.

In relation to each grantee of the options granted on 19 July 2013 under Post-IPO Options, 25% of options will vest in each of the four year from 15 April 2014.

(ii) Zhang Jianping resigned as an executive Director with effect from 30 May 2015. Liu Jun was appointed as the chief executive officer of the Company with effect from 11 September 2014 and an executive Director with effect from 4 June 2015.

Fair value of share options granted to employees determined at the date of grant is expensed over the vesting period, with a corresponding adjustment to the Group’s share option reserve. For the year ended 31 December 2015, an amount of share option expense of approximately HK$2,904,000 (2014: HK$3,880,000) has been recognised with a corresponding adjustment recognised in the Group’s share option reserve.

38. 購股權計劃（續）

附註：

(i) 就根據首次公開發售前購股權計劃獲授購股權之每名承授人而言，在下文所載之歸屬期及首次公開發售前購股權之條款規限下，承授人可於授出日期起 10 年期間內隨時行使購股權，而於二零零六年四月一日至二零零六年十二月三十一日止期間及於二零零七年一月一日至二零零九年十二月三十一日止三個曆年各年將有 25% 之購股權歸屬。
就根據首次公開發售後購股權計劃於二零零六年五月十二日獲授購股權之每名承授人而言，由二零零七年一月一日起的四個曆年每年將有 25% 之購股權歸屬。

就根據首次公開發售後購股權計劃於二零零七年十一月十三日獲授購股權之每名承授人而言，由二零零八年四月一日起的四個年度每年將有 25% 之購股權歸屬。

就根據首次公開發售後購股權計劃於二零零八年三月二十八日獲授購股權之每名承授人而言，由二零零九年四月十五日起的四個年度每年將有 25% 之購股權歸屬。

就根據首次公開發售後購股權計劃於二零零九年九月三日獲授購股權之每名承授人而言，由二零一零年四月十五日起的四個年度每年將有 25% 之購股權歸屬。

就根據首次公開發售後購股權計劃於二零一三年七月十九日獲授購股權之每名承授人而言，由二零一四年四月十五日起的四個年度每年將有 25% 之購股權歸屬。

(ii) 張劍平已於二零一五年五月三十日辭任執行董事。劉軍於二零一四年九月十一日獲委任為首席執行官並二零一五年六月四日起獲委任為董事。

於授出日期所釐定向僱員授出之購股權之公平值於歸屬期支銷，並會於本集團之購股權儲備作相應調整。截至二零一五年十二月三十一日止年度，已確認購股權支出金額約 2,904,000 港元（二零一四年：3,880,000 港元），並已於本集團之購股權儲備確認相應調整。

SIM Technology Group Limited Annual Report 2015

184

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

39. RELATED PARTY TRANSACTIONS

39. 關連人士交易

Compensation of key management personnel

The remuneration of key management other than the Directors’ remuneration as disclosed in note 11 during the year was as follows:

主要管理人員之報酬

於本年度，在附註 11 所披露的董事酬金以外的主要管理人員酬金如下：

Short-term benefits 短期福利 Post-employment benefits 離職後福利 Share-based payments 以股份支付	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 4,453 4,155 316 243 – 288
	4,769 4,686

The remuneration of Directors and key executives is determined by the remuneration committee having regard to the Group’s operating results, responsibilities and performance of individuals and market trends.

董事及主要行政人員之酬金由薪酬委員會經考慮本集團經營業績、個人所承擔之責任及其表現及市場趨勢後釐定。

40. DISPOSAL OF A SUBSIDIARY

40. 出售一間附屬公司

During the year ended 31 December 2015, the Group disposed of its 60% equity interest in上海鼎希物聯網科技有限公司Shanghai Dingxi Internet of Things Technology Limited (“Shanghai Dingxi”) at a total consideration of RMB4,000,000 (equivalent to approximately HK$5,000,000) to the noncontrolling shareholder (“Purchaser”) of Shanghai Dingxi (“Disposal”). The consideration will be satisfied by cash, of which (i) the first instalment of RMB1,200,000 will be settled at the date of the completion of the Disposal; (ii) the second instalment of RMB600,000 will be settled on the 90th day of the date of the completion of the Disposal; and (iii) the final instalment of RMB2,200,000 will be settled at the third anniversary date of the date of completion of the Disposal. The settlement date of final instalment of RMB2,200,000 could be delayed to the sixth anniversary date of the date of completion of the Disposal at the discretion of the Purchaser. Fair value of the consideration receivable is estimated by using discounted cash flow method with imputed interest rate of 7.345% per annum at initial recognition and subsequently measured at amortised cost. As at 31 December 2015, the unsettled consideration of RMB2,038,000 (equivalent to approximately HK$2,560,000) was recorded as consideration receivable in the consolidated statement of financial position.

於截至二零一五年十二月三十一日止年度，本集團向上海鼎希物聯網科技有限公司（「上海鼎希」）的非控股股東（「買方」）出售其於上海鼎希 60% 股權，總代價為人民幣 4,000,000 元（相當於約 5,000,000 港元）（「出售事項」）。有關代價將以現金償付，當中(i)首期人民幣1,200,000元將於出售事項完成日期償付；(ii) 第二期人民幣 600,000 元將於出售事項完成日期後第 90 天償付；而 (iii) 最後一期人民幣 2,200,000 元將於出售事項完成日期後的三周年當日償付。買方可酌情將最後一期人民幣 2,200,000 元的還款日期延遲至出售事項完成日期後的六周年當日。應收代價的公平值乃於初始確認時採用現金流量折現法按估算利率每年 7.345 厘估計及其後按攤銷成本計量。於二零一五年十二月三十一日，尚未償付的代價人民幣 2,038,000 元（相等於約 2,560,000 港元）於綜合財務狀況表記作應收代價。

晨訊科技集團有限公司 二零一五年年報

185

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

40. DISPOSAL OF A SUBSIDIARY (continued)

40. 出售一間附屬公司（續）

Gain on disposal of a subsidiary of HK$2,191,000 was recognised to profit or loss during the year ended 31 December 2015.

於截至二零一五年十二月三十一日止年度，出售一間附屬公司的收益 2,191,000 港元於損益中確認。

Consideration received: 已收代價： Cash received 已收現金 Deferred cash consideration 遞延現金代價 Total consideration received 已收及應收代價總額 and receivable Analysis of assets and liabilities 失去控制權時的資產及負債分析： over which control was lost: Property, plant and equipment 物業、廠房及設備 Trade and other payables 貿易及其他應付款項 Bank balances and cash 銀行結餘及現金 Net assets disposed of 出售資產淨值 Gain on disposal of a subsidiary: 出售一間附屬公司所得收益： Consideration received and receivable 已收及應收代價 Net assets disposed of 出售資產淨值 Gain on disposal 出售所得收益 Net cash inflow arising on disposal: 出售產生之現金流入淨額： Cash consideration 現金代價 Less: Bank balances and cash 減：出售之銀行結餘及現金 disposed of	HK$’000 千港元 1,507 2,565
	4,072
	HK$’000 千港元 15 (106) 1,972
	1,881
	4,072 (1,881)
	2,191
	1,507 (1,972)
	(465)

SIM Technology Group Limited Annual Report 2015

186

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

41. ACQUISITION OF BUSINESS

(a) During the year ended 31 December 2015, the Group entered into two capital injection agreements (the “Injection Agreements”) with the respective shareholders of 東莞市新路標自動化設備技術有限公司 (unofficial English translation being Dongguan Xinlubiao Automatic Equipment Technology Limited) (“Dongguan Xinlubiao”) and Shenzhen Zhuoxuda (shareholders of Dongguan Xinlubiao and Shenzhen Zhuoxuda collectively referred as the “Vendors”). Pursuant to the Injection Agreements, the Group and the Vendors agreed to inject capital by way of subscribing new registered capital of Dongguan Xinlubiao and Shenzhen Zhuoxuda. After the capital injection, the Group owned 70% and 78% equity interests in Dongguan Xinlubiao and Shenzhen Zhuoxuda respectively. Pursuant to the Injection Agreements, the Group shall inject HK$15,021,000 by way of cash and the Vendors shall inject HK$6,075,000, of which, HK$3,115,000 by way of property, plant and equipment and HK$2,960,000 by way of cash. As at 31 December 2015, the capital injection from the Group has been completed and the capital injection from non-controlling shareholders has not been completed and was recorded as amounts due from non-controlling shareholders of subsidiaries. The acquisitions have been accounted for using the purchase method.

41. 收購業務

(a) 於截至二零一五年十二月三十一日止年度，本集團與東莞市新路標自動化設備技術有限公司（「東莞新路標」）及深圳卓訊達各自之股東（東莞新路標及深圳卓訊達之股東統稱為「賣方」）訂立兩項注資協議（「注資協議」）。根據注資協議，本集團與賣方同意以認購東莞新路標及深圳卓訊達的新註冊資本的方式注資。於注資後，本集團分別擁有東莞新路標及深圳卓訊達 70% 及 78% 股權。根據注資協議，本集團以現金方式注資 15,021,000 港元，而賣方注資 6,075,000 港元，其中以物業、廠房及設備的方式注資 3,115,000 港元，及以現金方式注資 2,960,000 港元。截至二零一五年十二月三十一日，本集團已完成注資，而來自非控股股東之注資尚未完成，並記作應收附屬公司非控股股東款項。有關收購事項乃採用購買法入賬。

晨訊科技集團有限公司 二零一五年年報

187

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

41. ACQUISITION OF BUSINESS (continued)

41. 收購業務（續）

(a) (continued)

(a) （續）

Assets acquired and liabilities recognised at the date of acquisitions:

於收購日期之已確認資產及負債：

Property, plant and equipment
物業、廠房及設備
Inventories
存貨
Trade and notes receivables
應收貿易賬款及票據
Other receivables, deposits
其他應收賬款、按金及預付款項
and prepayments
Bank balances and cash
銀行結餘及現金
Trade and note payables
應付貿易賬款及票據
Other payables, deposits
其他應付賬款、已收按金
received and accruals
及應計款項
Bank borrowings
銀行借貸
Tax payable
應付稅項
Less: Amounts due to
減：應付附屬公司
non-controlling
非控股股東款項
shareholders of
（附註i）
subsidiaries_(Note i)_

HK$’000
千港元
507
4,840
16,818
2,432
5,629
(3,459)
(3,956)
(7,536)
(679)

14,596
(14,596)

–

The fair value as well as the gross contractual amounts of trade receivables, notes receivables, other receivables, deposits and prepayments acquired amounted to HK$19,250,000 at the date of acquisitions. At the acquisitions date, none of the contractual cash flows was not expected to be collected.

於收購日期，收購之貿易應收款項、應收票據、其他應收款項、按金及預付款項之公平值連同總合約金額為 19,250,000 港元。於收購日期，並無預期將收回之合約現金流。

SIM Technology Group Limited Annual Report 2015

188

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

41. ACQUISITION OF BUSINESS (continued)

41. 收購業務（續）

(a) (continued)

(a) （續）

No goodwill arose in the acquisitions of Dongguan Xinlubiao and Shenzhen Zhuoxuda.

收購東莞新路標及深圳卓訊達並無商譽產生。

HK$’000 千港元

Net cash inflow on acquisitions 收購附屬公司之淨現金流入 of the subsidiaries Bank balances and 收購銀行結餘及現金 cash acquired

5,629

Notes:

附註：

(i) The Vendors are entitled to the distribution of the retained profits of Dongguan Xinlubiao and Shenzhen Zhuoxuda before the completion of the capital injection. The aggregated amount of retained profits of Dongguan Xinlubiao and Shenzhen Zhuoxuda of HK$14,596,000 was recorded as amounts due to non-controlling shareholders of subsidiaries at the completion date.
(i) 賣方有權在完成注資前獲分派東莞新路標及深圳卓訊達的保留溢利。東莞新路標及深圳卓訊達的保留溢利總金額為 14,596,000 港元，於完成日期記作應付附屬公司非控股股東款項。
(ii) In accordance with the Injection Agreements, if the profit of Dongguan Xinlubiao and Shenzhen Zhuoxuda are able to reach a pre-determined level, the Group will be required to sell to the Vendors at most 19% equity interests in Dongguan Xinlubiao and 27% equity interests in Shenzhen Zhuoxuda at a pre-determined consideration within 3 or 5 years from the completion of the capital injection (the “Additional Considerations”). In the opinion of the Directors, the fair value of the Additional Considerations have been determined as insignificant as at the date of completion of the capital injection.
(ii) 根據注資協議，倘東莞新路標及深圳卓訊達的溢利能達到預定水平，本集團須於注資完成的三或五年內，按預定代價向賣方出售最多東莞新路標 19% 股權及深圳卓訊達 27% 股權（「額外代價」）。董事認為，額外代價的公平值於注資完成日期預定為不重大。

Included in the profit for the year is HK$5,029,000 attributable to the additional business generated by Dongguan Xinlubiao and Shenzhen Zhuoxuda. Revenue for the year includes HK$35,630,000 generated from Dongguan Xinlubiao and Shenzhen Zhuoxuda.

東莞新路標及深圳卓訊達所產生之額外業務應佔年度溢利為 5,029,000 港元。東莞新路標及深圳卓訊達所產生之年度收入為 35,630,000 港元。

晨訊科技集團有限公司 二零一五年年報

189

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

41. ACQUISITION OF BUSINESS (continued)

(a) (continued)

Had the acquisition been completed on 1 January 2015, total group revenue for the year would have been HK$3,204,335,000, and profit for the year would have been HK$69,593,000. The ‘pro forma’ information is for illustrative purposes only and is not necessarily an indication of revenue and results of operations of the Group that actually would have been achieved had the acquisition been completed on 1 January 2015, nor is it intended to be a projection of future results.

In determining the ‘pro forma’ revenue and profit of the Group had Dongguan Xinlubiao and Shenzhen Zhuoxuda been acquired at the beginning of the current year, the Directors have:

calculated depreciation of plant and equipment acquired on the basis of the fair values arising in the initial accounting for the business combination rather than the carrying amounts recognised in the pre-acquisition financial statements; and
determined borrowing costs based on the funding levels, credit ratings and debt/equity position of the Group after the business combination.
(b) On 5 December 2014, the Group acquired 100% equity interest of Shanghai Boshen Vending Machine Limited (“Shanghai Boshen”) at an aggregate consideration of RMB9,828,000 (equivalent to HK$12,286,000) from two independent third parties. Shanghai Boshen is principally engaged in manufacturing, sales and leasing of vending machines.

41. 收購業務（續）

(a) （續）

倘收購於二零一五年一月一日完成，年內集團總收入將為 3,204,335,000 港元，年內溢利將為 69,593,000 港元。「備考」資料僅作說明之用而並非代表倘收購於二零一五年一月一日完成的情況下本集團可實際獲得之收入及經營業績，亦不代表日後業績的預測。

於釐定倘收購東莞新路標及深圳卓訊達於本年度初已完成之「備考」收入及溢利時，董事已：

在計算收購廠房及設備折舊時按業務合併中之初步會計產生之公平值，而非基於收購前財務報表確認之賬面金額；及
在釐定借貸成本時以業務合併後本集團之資金水平、信用評級及債務╱股本狀況為基準。
(b) 於二零一四年十二月五日，本集團以總代價人民幣 9,828,000 元（相等於 12,286,000 港元）向兩名獨立第三方收購上海博申自動售貨機有限公司（「上海博申」）100% 股權。上海博申主要從事自動售貨機的製造、銷售及租賃業務。

SIM Technology Group Limited Annual Report 2015

190

Notes to the Consolidated Financial Statements

綜合財務報表附註

For the year ended 31 December 2015

截至二零一五年十二月三十一日止年度

41. ACQUISITION OF BUSINESS (continued)

41. 收購業務（續）

(b)
(continued)
Consideration transferred
Cash
現金
Assets acquired and liabilities
於收購日期確認之
recognised at the date
收購資產及負債：
of acquisition:
Property, plant and equipment
物業、廠房及設備
Inventories
存貨
Trade and other receivables
貿易及其他應收款項
Bank balances and cash
銀行結餘及現金
Trade and other payables
貿易及其他應付款項
(b)（續）
轉撥代價

HK$’000
千港元
12,286

HK$’000
千港元
13,001
285
3,659
6,632
(11,291)

12,286

The fair value as well as the gross contractual amounts of the trade and other receivables acquired amounted to HK$3,659,000 at the date of acquisition. At the acquisition date, none of the contractual cash flows was not expected to be collected.

於收購日期，所收購貿易及其他應收款項之公平值連同總合約金額為 3,659,000 港元。於收購日期，並無預期將收回之合約現金流。

No goodwill arose in the acquisition of Shanghai Boshen.

收購上海博申並無商譽產生。

Net cash outflow on acquisition of the subsidiary

收購該附屬公司之現金流出淨額

Bank balances and cash acquired收購銀行結餘及現金 Cash consideration paid 已付現金代價	HK$’000 千港元 6,632 (12,286)
	(5,654)

晨訊科技集團有限公司 二零一五年年報

191

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

41. ACQUISITION OF BUSINESS (continued)

(b) (continued)

Included in the profit for the year ended 31 December 2014 is a loss of HK$561,000 attributable to the additional business generated by Shanghai Boshen. Revenue for the year ended 31 December 2014 includes HK$2,582,000 generated from Shanghai Boshen.

Had the acquisition been completed on 1 January 2014, the revenue of the Group for the year ended 31 December 2014 would have been HK$2,356,843,000, and profit for the year ended 31 December 2014 would have been HK$34,158,000. The ‘pro forma’ information is for illustrative purposes only and is not necessarily an indication of revenue and results of operations of the Group that actually would have been achieved had the acquisition been completed on 1 January 2014, nor is it intended to be a projection of future results.

In determining the ‘pro forma’ revenue and profit of the Group had Shanghai Boshen been acquired at the beginning of the current year, the Directors have:

calculated depreciation of plant and equipment acquired on the basis of the fair values arising in the initial accounting for the business combination rather than the carrying amounts recognised in the pre-acquisition financial statements; and
determined borrowing costs based on the funding levels, credit ratings and debt/equity position of the Group after the business combination.

41. 收購業務（續）

(b) （續）

上海博申所產生之額外業務應佔截至二零一四年十二月三十一日止年度溢利為虧損561,000港元。截至二零一四年十二月三十一日止年度上海博申所產生之年度收入為 2,582,000 港元。

倘收購於二零一四年一月一日完成，截至二零一四年十二月三十一日止年度本集團之收入將為 2,356,843,000 港元，截至二零一四年十二月三十一日止年度溢利將為 34,158,000 港元。「備考」資料僅作說明之用而並非代表倘收購於二零一四年一月一日完成的情況下本集團可實際獲得之收入及經營業績，亦不代表日後業績的預測。

於釐定倘收購上海博申於本年度初已完成之「備考」收入及溢利時，董事已：

在計算收購廠房及設備折舊時按業務合併中之初步會計產生之公平值，而非基於收購前財務報表確認之賬面金額；及
在釐定借貸成本時以業務合併後本集團之資金水平、信用評級及債務╱股本狀況為基準。

SIM Technology Group Limited Annual Report 2015

192

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

42. NON-CASH TRANSACTIONS

42. 非現金交易

During the year ended 31 December 2015, the purchase consideration of property, plant and equipment amounting to HK$12,103,000 (2014: HK$4,796,000) remained unsettled and included in other payables, deposits received and accruals as at 31 December 2015.

截至二零一五年十二月三十一日止年度，購置物業、廠房及設備的代價中尚有 12,103,000 港元（二零一四年：4,796,000 港元）未繳付，並已計入於二零一五年十二月三十一日的其他應付賬款、已收按金及應計款項中。

During the year ended 31 December 2015, the Group and certain non-controlling shareholders incorporated certain non-wholly owned subsidiaries of which capital injection from non-controlling interests amounting to HK$2,429,000 (2014: Nil) remained unsettled and included in amounts due from non-controlling shareholders of subsidiaries as at 31 December 2015.

截至二零一五年十二月三十一日止年度，本集團及若干非控股股東註冊成立若干非全資附屬公司，其中來自非控股權益注資 2,429,000 港元（二零一四年：無）尚未支付，並於二零一五年十二月三十一日計入應收附屬公司非控股股東款項中。

During the year ended 31 December 2015, the capital injection of HK$6,075,000 from non-controlling shareholders of Dongguan Xinlubiao and Shenzhen Zhuoxuda in respect to the acquisition of business (as detailed in note 41(a)) remained unsettled and included in amounts due from noncontrolling shareholders of subsidiaries.

截至二零一五年十二月三十一日止年度，來自非控股股東東莞新路標及深圳卓訊達就收購業務（如附註 41(a) 中所詳述）注資 6,075,000 港元仍未支付，並計入應收附屬公司非控股股東款項中。

43. PARTICULARS OF PRINCIPAL SUBSIDIARIES

43. 主要附屬公司之詳情

Particulars of the subsidiaries of the Company at 31 December 2015 and 2014 are as follows:

於二零一五年及二零一四年十二月三十一日本公司之附屬公司詳情如下：

==> picture [386 x 217] intentionally omitted <==

----- Start of picture text -----

Proportion of nominal value of
Date and place of Issued and fully paid up share capital/ registered capital
incorporation/ share capital/ held by the Company
registration registered capital 本公司所持股本面值╱註冊資本之比例
Name of subsidiary 註冊成立╱註冊已發行及繳足 Directly Indirectly Principal activities
附屬公司名稱日期及地點股本╱註冊資本直接間接主要業務
2015 2014 2015 2014
二零一五年二零一四年二零一五年二零一四年
SIM Technology Group 13 October 2004 Ordinary shares 100% 100% – – Investment holding
(BVI) Limited BVI US$12,233 投資控股
二零零四年十月十三日普通股12,233 美元
英屬處女群島
Sunrise Electronic Industry Limited 17 December 1999 Ordinary shares – – 100% 100% Investment holding
晨興電子工業有限公司 Samoa US$2,002 投資控股
一九九九年十二月十七日普通股2,002美元
薩摩亞群島
----- End of picture text -----

晨訊科技集團有限公司 二零一五年年報

193

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Shanghai Sunrise Simcom2	9 November 1993	Registered and	–	– 100%	100%	Manufacturing and sales of display
上海晨興希姆通2	The PRC	contributed capital				modules in the PRC
	一九九三年十一月九日	RMB200,000,000				在中國生產及銷售顯示模塊
	中國	註冊及實繳資本
		人民幣200,000,000元
Shanghai Simcom2	5 December 2002	Registered and	–	– 100%	100%	Design and development of handsets and
上海希姆通2	The PRC	contributed capital				solutions and wireless communication
	二零零二年十二月五日	註冊及實繳資本				modules in the PRC
	中國	US$5,000,000				在中國從事設計及開發手機及解決方案
		5,000,000美元				及無線通訊模塊
Shanghai Suncom Logistics Limited1	23 September 2003	Registered and	–	– 100%	100%	Procurement, outsourcing,
上海羅捷斯迪電子有限公司1	The PRC	contributed capital				sales and marketing of
	二零零三年九月二十三日	US$400,000				the Group’s products and
	中國	註冊及實繳資本				provides logistics
		400,000美元				services in the PRC
						於中國採購、外包、銷售及推廣本集團
						產品及提供物流服務
Simcom International Holdings	2 October 2003	Ordinary share	–	– 100%	100%	Investment holding
Limited	BVI	US$1				投資控股
	二零零三年十月二日	普通股1美元
	英屬處女群島
Suncom International Holdings	12 January 2004	Ordinary share	–	– 100%	100%	Investment holding
Limited	BVI	US$1				投資控股
	二零零四年一月十二日	普通股1美元
	英屬處女群島
SIM Technology HK Limited	21 April 2004	Ordinary share	–	– 100%	100%	Provision of administrative services in
晨訊科技香港有限公司	Hong Kong	HK$1				Hong Kong
	二零零四年四月二十一日	普通股1港元				於香港提供行政服務
	香港
Shanghai Speedcomm Technology	16 November 2005	Registered and	–	– 100%	100%	Design and development of handsets and
Limited1	The PRC	contributed capital				solutions and wireless communication
上海思必得通訊技術有限公司1	二零零五年十一月十六日	RMB7,500,000				modules in the PRC
	中國	註冊及實繳資本				在中國從事設計及開發手機及解決方案
		人民幣7,500,000元				及無線通訊模塊

SIM Technology Group Limited Annual Report 2015

194

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL SUBSIDIARIES (continued)

43. 主要附屬公司之詳情（續）

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Max Vision Limited	17 September 2003	Ordinary shares	–	– 100%	100%	Investment holding
天景有限公司	Hong Kong	HK$2				投資控股
	二零零三年九月十七日	普通股2港元
	香港
Max Vision (Shanghai) Limited1	8 December 2003	Registered and	–	– 100%	100%	Procurement, outsourcing, sales and
麥維訊電子（上海）有限公司1	The PRC	contributed capital				marketing of the Group’s products
	二零零三年十二月八日	US$200,000				and provides logistics services in the
	中國	註冊及實繳資本				PRC
		200,000美元				於中國採購、外包、銷售及推廣本集團
						產品及提供物流服務
Simcom Wireless1	31 October 2006	Registered and	–	– 100%	100%	Design and development of wireless
芯訊通無線1	The PRC	contributed capital				communication modules in the PRC
	二零零六年十月三十一日	US$1,000,000				在中國從事設計及開發無線通訊模塊
	中國	註冊及實繳資本
		1,000,000美元
Shanghai SIM Technology Limited1	2 August 2006	Registered and	–	– 100%	100%	Investment holding of land use rights in
晨訊科技（上海）有限公司1	The PRC	contributed capital				the PRC
	二零零六年八月二日	RMB40,000,000				於中國之土地使用權之投資控股
	中國	註冊及實繳資本
		人民幣40,000,000元
Shanghai Simcom Electronic Limited1	21 November 2006	Registered and	–	– 100%	100%	Procurement, outsourcing, sales and
上海芯通電子有限公司1	The PRC	contributed capital				marketing of the Group’s products
	二零零六年十一月二十一日	US$200,000				and provides logistics services in the
	中國	註冊及實繳資本				PRC
		200,000美元				於中國採購、外包、銷售及推廣本集團
						產品及提供物流服務
Sino Team Investments Limited	3 January 2007	Ordinary share	–	– 100%	100%	Investment holding
	Samoa	US$1				投資控股
	二零零七年一月三日	普通股1美元
	薩摩亞群島

晨訊科技集團有限公司 二零一五年年報

195

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Shanghai Basecom Limited1	18 April 2007	Registered and	–	– 100%	100%	Design and development of handsets and
基信康資訊技術（上海）有限公司1	The PRC	contributed capital				solutions and wireless communication
	二零零七年四月十八日	US$200,000				modules in the PRC
	中國	註冊及實繳資本				在中國從事設計及開發手機及解決方案
		200,000美元				及無線通訊模塊
Shenyang SIM Technology Limited2	25 October 2007	Registered and	–	– 100%	100%	Investment holding of land use rights in
晨訊科技（沈陽）有限公司2	The PRC	contributed capital				the PRC
	二零零七年十月二十五日	US$10,000,000				於中國之土地使用權之投資控股
	中國	註冊及實繳資本
		10,000,000美元
Shenyang SIM Real Estate Limited	8 November 2007	Registered and	–	– 60%	60%	Properties development in the PRC
(“SYRE”)2	The PRC	contributed capital				在中國從事物業發展
晨訊置業（沈陽）有限公司2	二零零七年十一月八日	US$13,100,000
	中國	註冊及實繳資本
		13,100,000美元
Shenyang SIM Simcom Technology	24 July 2008	Registered and	–	– 100%	100%	Design and development of handsets and
Limited4	The PRC	contributed capital				solutions and wireless communication
沈陽晨訊希姆通科技有限公司4	二零零八年七月二十四日	RMB30,000,000				modules in the PRC
	中國	註冊及實繳資本				在中國從事設計及開發手機及解決方案
		人民幣30,000,000元				及無線通訊模塊
Shenzhen Simcom Technology	28 August 2008	Registered and	–	– 100%	100%	Design and development of wireless
Limited4	The PRC	contributed capital				communication modules in the PRC
深圳希姆通科技有限公司4	二零零八年八月二十八日	RMB5,000,000				在中國從事設計及開發無線通訊模塊
	中國	註冊及實繳資本
		人民幣5,000,000元
Simcom Holdings HK Limited	22 September 2008	Ordinary share	–	– 100%	100%	Investment holding
晨訊控股香港有限公司	Hong Kong	HK$1				投資控股
	二零零八年九月二十二日	普通股1港元
	香港
Shanghai iLove Limited1	27 February 2009	Registered and	–	– 100%	100%	Investment holding
上海艾樂弗資訊技術有限公司1	The PRC	contributed capital				投資控股
	二零零九年二月二十七日	US$3,000,000
	中國	註冊及實繳資本 3,000,000美元

SIM Technology Group Limited Annual Report 2015

196

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Shanghai Xinkang Electronic	5 January 2009	Registered and	–	– 100%	100%	Design and development of wireless
Technology Limited4	The PRC	contributed capital				communication modules in the PRC
上海芯康電子科技有限公司4	二零零九年一月五日	RMB20,000,000				在中國從事設計及開發無線通訊模塊
	中國	註冊及實繳資本
		人民幣20,000,000元
Shenyang SIM Simcom Trading	5 June 2009	Registered and	–	– 100%	100%	Procurement, outsourcing sales and
Limited4	The PRC	contributed capital				marketing of the Group’s products
沈陽晨訊希姆通貿易有限公司4	二零零九年六月五日	RMB2,000,000				and provides logistics services in the
	中國	註冊及實繳資本				PRC
		人民幣2,000,000元				於中國採購、外包、銷售及推廣本集團
						產品及提供物流服務
Goldsey Limited	31 January 2008	Ordinary shares	–	– 100%	60%	Investment holding
高仕有限公司	Hong Kong	HK$18,000,000				投資控股
	二零零八年一月三十一日	普通股18,000,000港元
	香港
Smartwireless Technology1	13 February 2007	Registered and	–	– 100%	60%	Design and development of handsets and
北京華創智豐科技有限公司1	The PRC	contributed capital				solutions in the PRC
	二零零七年二月十三日	RMB20,500,000				於中國設計及開發手機及解決方案
	中國	註冊及實繳資本
		人民幣20,500,000元
Shanghai Mobile Phone Public	21 December 2009	Registered and	–	– 87.5%	87.5%	Design and development of handsets and
Testing Platform Co., Ltd.4	The PRC	contributed capital				solutions in the PRC
上海手機測試公共服務平臺有限	二零零九年十二月二十一日	RMB20,000,000				於中國設計及開發手機及解決方案
公司4	中國	註冊及實繳資本
		人民幣20,000,000元
Shenyang Chenda Precision	15 November 2010	Registered and	–	– 90%	90%	Manufacturing and sales of display
Industry Co., Ltd.4	The PRC	contributed capital				modules in the PRC
瀋陽晨達精密組件有限公司4	二零一零年十一月十五日	RMB30,000,000				於中國生產及銷售顯示模塊
	中國	註冊及實繳資本
		人民幣30,000,000元
SIM Northeast Limited	9 November 2012	Ordinary share	–	– 100%	100%	Not yet commence business
	Samoa	US$1				尚未營業
	二零一二年十一月九日	普通股1美元
	薩摩亞群島

晨訊科技集團有限公司 二零一五年年報

197

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Seamount Limited	23 November 2012	Ordinary share	–	– 100%	100%	Investment holding
	Samoa	US$1				投資控股
	二零一二年十一月二十三日	普通股1美元
	薩摩亞群島
Ever Honest Limited	13 November 2012	Ordinary share	–	– 100%	100%	Not yet commence business
	Samoa	US$1				尚未營業
	二零一二年十一月十三日	普通股1美元
	薩摩亞群島
Jiangsu Baidao Electronic Limited3	18 April 2013	Registered and	–	– 100%	100%	Design and development of handsets and
江蘇百道電子有限公司3	The PRC	contributed capital				solutions in the PRC
	二零一三年四月十八日	RMB50,000,000				於中國設計及開發手機及解決方案
	中國	註冊及實繳資本
		人民幣50,000,000元
Shanghai Huanjin Electronic Limited1	14 May 2013	Registered and	–	– 100%	100%	Investment holding
上海桓錦電子有限公司1	The PRC	contributed capital				投資控股
	二零一三年五月十四日	USD2,000,000
	中國	註冊及實繳資本
		2,000,000美元
Taizhou SIM Real Estate Limited3	7 March 2013	Registered and	–	– 100%	100%	Properties development in the PRC
泰州晨訊置業有限公司3	The PRC	contributed capital				在中國從事物業發展
	二零一三年三月七日	RMB120,000,000
	中國	註冊及實繳資本
		人民幣120,000,000元
Shanghai Dingxi Internet of Things	15 May 2013	Registered and	–	– 0%	60%	Not yet commence business
Technology Limited1	The PRC	contributed capital				尚未營業
上海鼎希物聯網科技有限公司1	二零一三年五月十五日	RMB10,000,000
	中國	註冊及實繳資本
		人民幣10,000,000元
Jiangsu Chenri Investment Limited4	24 April 2013	Registered and	–	– 100%	100%	Investment holding
江蘇晨日投資有限公司4	The PRC	contributed capital				投資控股
	二零一三年四月二十四日	RMB50,000,000
	中國	註冊及實繳資本人民幣50,000,000元

SIM Technology Group Limited Annual Report 2015

198

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Jiangsu Yunmao Internet of Things	7 June 2013	Registered and	–	– 100%	100%	Development of internet of things
Technology Limited4	The PRC	contributed capital				equipment
江蘇雲貿物聯網科技有限公司4	二零一三年六月七日	RMB10,000,000				開發物聯網設備
	中國	註冊及實繳資本
		人民幣10,000,000元
Shanghai Wide-Top Financial	17 July 2013	Registered and	–	– 100%	100%	Finance lease service in the PRC
Leasing Co.,Ltd.1	The PRC	contributed capital				在中國提供融資租賃服務
上海博鼎融資租賃有限公司1	二零一三年七月十七日	RMB5,000,000
	中國	註冊及實繳資本
		人民幣5,000,000元
Jiangsu Hangjin Electronic	9 July 2013	Registered and	–	– 100%	100%	Development of internet of things
Technology Limited3	The PRC	contributed capital				equipment
江蘇航錦電子科技有限公司3	二零一三年七月九日	RMB30,000,000				開發物聯網設備
	中國	註冊及實繳資本
		人民幣30,000,000元
Shanghai Zhenkang Electronics	17 September 2013	Registered and	–	– 100%	100%	Development of internet of things
Limited1	The PRC	contributed capital				equipment
上海蓁康電子有限公司1	二零一三年九月十七日	USD100,000				開發物聯網設備
	中國	註冊及實繳資本
		100,000美元
Jiangsu Jixin Internet of Things	31 December 2013	Registered and	–	– 100%	100%	Development of internet of things
Technology Limited3	The PRC	contributed capital				equipment
江蘇基信物聯網科技有限公司3	二零一三年十二月三十一日	RMB30,000,000				開發物聯網設備
	中國	註冊及實繳資本
		人民幣30,000,000元
Jiangsu Baizhi Electronic Limited3	7 November 2013	Registered and	–	– 100%	100%	Development of internet of things
江蘇百直電子有限公司3	The PRC	contributed capital				business
	二零一三年十一月七日	RMB30,000,000				發展物聯網業務
	中國	註冊及實繳資本
		人民幣30,000,000元
Global Union Holdings Limited	13 November 2012	Ordinary share	–	– 100%	100%	Not yet commence business
	Samoa	USD1				尚未營業
	二零一二年十一月十三日	普通股1美元
	薩摩亞群島

晨訊科技集團有限公司 二零一五年年報

199

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Global Keen Limited	9 August 2013	Ordinary share	–	– 100%	100%	Not yet commence business
高勤有限公司	Hong Kong	HK$1				尚未營業
	二零一三年八月九日	普通股1港元
	香港
Alpha Apex Limited	26 October 2012	Registered and	–	– 100%	100%	Not yet commence business
	Samoa	contributed capital				尚未營業
	二零一二年十月二十六日	USD$1
	薩摩亞群島	註冊及實繳資本1美元
Wuxi Simcom IOT Limited4	17 January 2011	Registered and	–	– 100%	100%	Development of internet of things
希姆通物聯網科技(無錫）有限公司4	The PRC	contributed capital				equipment
	二零一一年一月十七日	RMB5,000				開發物聯網設備
	中國	註冊及實繳資本
		人民幣5,000元
Shanghai Boshen Vending Machine	5 December 2014	Registered and	–	– 100%	100%	Finance lease service and trading of
Limited4	The PRC	contributed capital				snacks in the PRC
上海博申自動售貨機有限公司4	二零一四年十二月五日	RMB10,000,000				在中國提供融資租賃服務及
	中國	註冊及實繳資本人民幣				從事零食貿易
		10,000,000元
Shanghai Yunhao Trading Limited4	1 September 2014	Registered and	–	– 98.7%	51%	Procurement and trading of snacks in the
上海雲灝貿易有限公司4	The PRC	contributed capital				PRC
	二零一四年九月一日	RMB38,000,000				在中國從事零食採購及貿易
	中國	註冊及實繳資本人民幣
		38,000,000元
Shanghai Yunmao IOT Limited4	13 November 2014	Registered and	–	– 100%	100%	Trading of snacks in the PRC
上海雲貿物聯網科技有限公司4	The PRC	contributed capital				在中國從事零食貿易
	二零一四年十一月十三日	RMB10,000,000
	中國	註冊及實繳資本人民幣
		10,000,000元
Shenyang Zhonghong Intel-Tech	28 October 2014	Registered and	–	– 75%	60%	Development of internet of things
Limited4	The PRC	contributed capital				equipment
沈陽中弘智能科技有限公司4	二零一四年十月二十八日	RMB30,000,000				開發物聯網設備
	中國	註冊及實繳資本人民幣30,000,000元

SIM Technology Group Limited Annual Report 2015

200

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Shanghai Simcom System Limited4	17 March 2014	Registered and	–	– 100%	100%	Building design and construction of smart
希姆通智能系统集成（上海）有限	The PRC	contributed capital				home
公司4	二零一四年三月十七日	RMB20,000				設計及建造智能化家居
	中國	註冊及實繳資本
		人民幣20,000元
Shenzhen Zhuoxunda Technology	4 January 2015	Registered and	–	– 78%	–	Development of automated test
Development Co., Limited4	The PRC	contributed capital				equipment and software
深圳市卓訊達科技發展有限公司4	二零一五年一月四日	RMB7,000,000				開發自動化檢測設備及軟件
	中國	註冊及實繳資本
		人民幣7,000,000元
Hangzhou Kawo Automation	13 February 2015	Registered and	–	– 80%	–	Development of automated test
Technology Co., Limited4	The PRC	contributed capital				equipment
杭州卡沃自動化科技有限公司4	二零一五年二月十三日	RMB3,750,000				開發自動化檢測設備
	中國	註冊及實繳資本
		人民幣3,750,000元
Guangdong Chentuo Robot	11 March 2015	Registered and	–	– 80%	–	Development of automated test
Technology Co., Limited4	The PRC	contributed capital				equipment
廣東晨拓機器人科技有限公司4	二零一五年三月十一日	RMB6,606,000				開發自動化檢測設備
	中國	註冊及實繳資本
		人民幣6,606,000元
Dongguan Xinlubiao Automation	14 May 2015	Registered and	–	– 70%	–	Development of automated test
Equipment Technology Co.,	The PRC	contributed capital				equipment
Limited4	二零一五年五月十四日	RMB10,000,000				開發自動化檢測設備
東莞市新路標自動化設備技術有限	中國	註冊及實繳資本
公司4		人民幣10,000,000元
Shenyang Jingxincheng Automation	24 August 2015	Registered and	–	– 60%	–	Development of automated test
Technology Co., Limited2	The PRC	contributed capital				equipment
瀋陽精信誠自動化技術有限公司2	二零一五年八月二十四日	RMB5,059,000				開發自動化檢測設備
	中國	註冊及實繳資本人民幣5,059,000元

晨訊科技集團有限公司 二零一五年年報

201

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

			Proportion of nominal value of	Proportion of nominal value of
	Date and place of	Issued and fully paid up	share capital/ registered capital
	incorporation/	share capital/		held by the Company
	registration	registered capital	本公司所持股本面值╱註冊資本之比例
Name of subsidiary	註冊成立╱註冊	已發行及繳足	Directly	Indirectly		Principal activities
附屬公司名稱	日期及地點	股本╱註冊資本	直接 2015	間接 2014 2015 2014		主要業務
			二零一五年二零一四年二零一五年		二零一四年
Hefei Yunhao Trade Co., Limited4	19 December 2014	Registered and	–	– 80%	–	Trading of snacks in the PRC
合肥雲灝貿易有限公司4	The PRC	contributed capital				在中國從事零食貿易
	二零一四年十二月十九日	RMB1,200,000
	中國	註冊及實繳資本
		人民幣1,200,000元
Hangzhou Yunyou Trade Co.,	3 November 2015	Registered and	–	– 51%	–	Not yet commence business
Limited4	The PRC	contributed capital				尚未營業
杭州雲優貿易有限公司4	二零一五年十一月三日	RMB2,000,000
	中國	註冊及實繳資本
		人民幣2,000,000元
Shenzhen Yunding Vending	16 January 2015	Registered and	–	– 51%	–	Not yet commence business
Operators Co., Limited4	The PRC	contributed capital				尚未營業
深圳市雲鼎自動售貨機運營有限	二零一五年一月十六日	RMB9,501,000
公司4	中國	註冊及實繳資本
		人民幣9,501,000元
Shanghai Bachen Intelligent	14 October 2015	Registered and	–	– 100%	–	Not yet commence business
Technology Co., Limited4	The PRC	contributed capital				尚未營業
上海巴辰智能技術有限公司4	二零一五年十月十四日	RMB5,500,000
	中國	註冊及實繳資本
		人民幣5,500,000元
Shanghai Jizhi Automation	29 September 2014	Registered and	–	– 100%	100%	Development of internet of things
Technology Co., Limited4	The PRC	contributed capital				equipment
上海璣智自動化科技有限公司4	二零一四年九月二十九日	RMB5,000,000				開發物聯網設備
	中國	註冊及實繳資本人民幣5,000,000元

1 Wholly foreign owned enterprises (“WFOE”) registered in the PRC. 2 Sino-foreign equity joint venture registered in the PRC. 3 Re-investment in WFOE registered in the PRC. 4 Domestic Company registered in the PRC.

1 在中國註冊之外商獨資企業。

2 在中國註冊之中外合資企業。

3 重新投資於在中國註冊之外商獨資企業。

4 在中國註冊之全內資企業。

None of the subsidiaries had any debt securities subsisting at the end of the year or at any time during the year.

並無任何附屬公司於本年度末或本年度內任何時間有任何生效的債務證券。

SIM Technology Group Limited Annual Report 2015

202

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL SUBSIDIARIES (continued)

43. 主要附屬公司之詳情（續）

A majority of these subsidiaries operate in sale of handsets and solutions, sale of wireless communication modules, property development, internet of things business and intelligent manufacturing business. The principal activities of these subsidiaries are summarised as follows:

該等附屬公司大部分從事銷售手機及解決方案、銷售無線通訊模塊、物業發展、物聯網業務及智能製造業務。該等附屬公司之主要業務概列如下︰

Principal place
Principal activities
of business
主要業務
主要營業地點
Sale of handsets and solutions
PRC
銷售手機及解決方案
中國
Sale of display modules
PRC
銷售顯示模塊
中國
Sale of wireless communication modules
PRC
銷售無線通訊模塊
中國
Property development
PRC
物業發展
中國
Internet of things business
PRC
物聯網
中國
Intelligent manufacturing business
PRC
智能製造業務
中國

Number of subsidiaries
附屬公司數目
2015
2014
二零一五年
二零一四年
8
16
1
9
4
4
2
2
9
13
9
–

The table below shows details of a non-wholly owned subsidiary of the Group that has material non-controlling interests:

下表載列一間本集團於當中擁有重大非控股權益之非全資附屬公司︰

晨訊科技集團有限公司 二零一五年年報

203

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL

43. 主要附屬公司之詳情（續）

SUBSIDIARIES (continued)

Place of
Proportion of
incorporation
ownership interests
and principal
and voting rights held by
Profit allocated to
Name of subsidiaries
place of business
non-controlling interests
non-controlling interests
非控股權益所持
附屬公司名稱
註冊成立及主要營業地點
擁有權權益及投票權比例
分配至非控股權益之溢利
2015
2014
2015
2014
二零一五年
二零一四年
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
SYRE
PRC
40%
40%
235
8,811
晨訊置業
中國
Individually immaterial subsidiaries
with non-controlling interests
擁有非控股權益之個別不重大附屬公司

Accumulated non–
controlling interests
累計非控股權益
2015
2014
二零一五年
二零一四年
HK$’000
HK$’000
千港元
千港元
76,290
80,625
26,315
5,818
102,605
86,443

Summarised financial information for the years ended 31 December 2015 and 2014 in respect of the Group’s subsidiaries that has material non-controlling interests is set out below. The summarised financial information below represents amounts before intragroup eliminations.

本集團擁有重大非控股權益之附屬公司於截至二零一五年及二零一四年十二月三十一日止年度之財務資料概要如下。下文所載之財務資料概要乃未作出集團內公司間對銷。

SIM Technology Group Limited Annual Report 2015

204

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

43. PARTICULARS OF PRINCIPAL SUBSIDIARIES (continued)

43. 主要附屬公司之詳情（續）

Non-current assets 非流動資產 Current assets 流動資產 Current liabilities 流動負債 Total equity 權益總額 Revenue 收入 Expenses 開支 Profit for the year 本年度溢利 Other comprehensive expense 本年度其他全面開支 for the year Total comprehensive (expense) 本年度全面（開支）收益總額 income for the year Profit for the year attributable to 下列各項應佔本年度溢利 – the owners of SYRE –晨訊置業之擁有人 – non-controlling interests of SYRE –晨訊置業之非控股權益 Profit for the year 本年度溢利 Other comprehensive expense for 下列各項應佔本年度其他全面開支 the year attributable to – the owners of SYRE –晨訊置業之擁有人 – non-controlling interests of SYRE –晨訊置業之非控股權益 Other comprehensive expense 本年度其他全面開支 for the year Total comprehensive (expense) 下列各項應佔本年度全面 income for the year attributable to （開支）收益總額 – the owners of SYRE –晨訊置業之擁有人 – non-controlling interests of SYRE –晨訊置業之非控股權益 Total comprehensive (expense) 本年度全面（開支）收益總額 income for the year Net cash (outflow) inflow from 經營活動現金（流出）流入淨額 operating activities Net cash outflow from investing 投資活動現金流出淨額 activities Net cash (outflow) inflow from 融資活動現金（流出）流入淨額 financing activities Net cash (outflow) inflow 現金（流出）流入淨額	SYRE 晨訊置業 2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 250 368 301,484 324,446 (111,009) (123,251)
	190,725 201,563
	59,042 211,354 (58,455) (189,327)
	587 22,027 (11,424) (3,595)
	(10,837) 18,432
	352 13,216 235 8,811
	587 22,027
	(6,854) (2,157) (4,570) (1,438)
	(11,424) (3,595)
	(6,502) 11,059 (4,335) 7,373
	(10,837) 18,432
	(31,225) 26,808 (18) (1,050) (6,004) 5,766
	(37,247) 31,524

晨訊科技集團有限公司 二零一五年年報

205

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

44. STATEMENT OF FINANCIAL POSITION AND RESERVES OF THE COMPANY

44. 本公司財務狀況表及儲備

Non-current assets 非流動資產 Investment in subsidiaries 於附屬公司之投資 Amounts due from subsidiaries 應收附屬公司款項 Current assets 流動資產 Other receivables 其他應收款項 Bank balances 銀行結餘 Current liabilities 流動負債 Amounts due to subsidiaries 應付附屬公司款項 Other payables and accruals 其他應付賬款及應計款項 Net current liabilities 流動負債淨值 Total assets less current liabilities 總資產減流動負債 Capital and reserves 資本及儲備 Share capital 股本 Reserves 儲備 Total equity 權益總額	2015 2014 二零一五年二零一四年 HK$’000 HK$’000 千港元千港元 118,401 118,401 1,074,295 1,048,233
	1,192,696 1,166,634
	623 589 140 273
	763 862
	106 106 1,190 1,319
	1,296 1,425
	(533) (563)
	1,192,163 1,166,071
	255,790 255,750 936,373 910,321
	1,192,163 1,166,071

SIM Technology Group Limited Annual Report 2015

206

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

44. STATEMENT OF FINANCIAL POSITION AND RESERVES OF THE COMPANY

44. 本公司財務狀況表及儲備（續）

(continued)

Movement in the Company’s reserves

本公司儲備變動

At 1 January 2014
於二零一四年
一月一日
Profit and total comprehensive
本年度溢利及全面
income for the year
收益總額
Transfer upon forfeiture of
因沒收購股權而轉撥
share options
Recognition of equity-settled
確認以股權結算之
share-based payments
股份付款
At 31 December 2014
於二零一四年
十二月三十一日
Profit and total comprehensive
本年度溢利及
income for the year
全面收益總額
Issue of new shares upon
於行使購股權時發行
exercising of share options
新股份
Transfer upon exercise of
於行使購股權時轉撥
share options
Share options lapsed
購股權失效
Recognition of equity-settled
確認以股權結算之
share-based payments
股份付款
At 31 December 2015
於二零一五年
十二月三十一日

Capital
Share
Share
Share
redemption
option
Special Accumulated
capital
premium
reserve
reserve
reserve
losses
Total
股本
股份溢價資本贖回儲備
購股權儲備
特別儲備
累計虧損
總計
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
255,750
831,188
2,282
30,624
193,848
(172,688)
1,141,004
–
–
–
–
–
21,187
21,187
–
–
–
(2,130)
–
2,130
–
–
–
–
3,880
–
–
3,880

255,750
831,188
2,282
32,374
193,848
(149,371)
1,166,071
–
–
–
–
–
23,047
23,047
40
101
–
–
–
–
141
–
74
–
(74)
–
–
–
–
–
–
(4,316)
–
4,316
–
–
–
–
2,904
–
–
2,904

255,790
831,363
2,282
30,888
193,848
(122,008)
1,192,163

晨訊科技集團有限公司 二零一五年年報

207

Financial Summary 財務摘要

RESULTS 業績 Revenue 收入 Profit (loss) before taxation 除稅前溢利（虧損） Tax credit (charge) 稅項計入（扣除） Profit (loss) for the year 本年度溢利（虧損） Attributable to: 以下人士應佔： Owners of the Company 本公司擁有人 Non-controlling interests 非控股權益 ASSETS AND LIABILITIES 資產與負債 Total assets 總資產 Total liabilities 總負債 Equity attributable to owners 本公司擁有人 of the Company 應佔權益 Non-controlling interests 非控股權益	For the year ended 31 December 截至十二月三十一日止年度
	2011 2012 2013 2014 2015 二零一一年二零一二年二零一三年二零一四年二零一五年 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 千港元千港元千港元千港元千港元 3,334,099 2,925,316 1,716,079 2,352,353 3,197,289
	(41,626) (95,407) (266,178) 50,175 89,650 13,574 (1,492) 13,797 (16,029) (19,775)
	(28,052) (96,899) (252,381) 34,146 69,875
	(25,478) (96,671) (239,198) 23,967 64,645 (2,574) (228) (13,183) 10,179 5,230
	(28,052) (96,899) (252,381) 34,146 69,875
	As at 31 December 於十二月三十一日
	2011 2012 2013 2014 2015 二零一一年二零一二年二零一三年二零一四年二零一五年 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 千港元千港元千港元千港元千港元 3,841,468 3,463,334 2,858,620 3,074,583 3,396,089 (1,766,578) (1,291,461) (899,572) (1,076,129) (1,397,705)
	2,074,890 2,171,873 1,959,048 1,998,454 1,998,384
	1,986,466 2,082,239 1,880,947 1,912,011 1,895,779 88,424 89,634 78,101 86,443 102,605
	2,074,890 2,171,873 1,959,048 1,998,454 1,998,384

SIM Technology Group Limited Annual Report 2015

208

Corporate Information 公司資料

BOARD OF DIRECTORS

Executive Directors

Ms YEUNG Man Ying (Chairman) Mr WONG Cho Tung (President) Mr ZHANG Jianping (resigned as Executive Director with effect from 30 May 2015)

Ms TANG Rongrong Mr CHAN Tat Wing, Richard Mr LIU Hong Mr LIU Jun (Chief executive officer, appointed as Executive Director with effect from 4 June 2015)

Independent non-executive Directors

Mr LIU Hing Hung Mr XIE Linzhen Mr DONG Yunting

AUDIT COMMITTEE

Mr LIU Hing Hung (Chairman) Mr XIE Linzhen Mr DONG Yunting

REMUNERATION COMMITTEE

Mr LIU Hing Hung (Chairman) Mr XIE Linzhen Mr DONG Yunting Mr WONG Cho Tung

COMPANY SECRETARY

Ms WONG Tik

AUDITORS

Deloitte Touche Tohmatsu

LEGAL ADVISERS AS TO HONG KONG LAWS

LEUNG & LAU

PRINCIPAL BANKERS

Hang Seng Bank Limited Bank of Communications Shanghai Pudong Development Bank

REGISTERED OFFICE

Clarendon House 2 Church Street Hamilton HM 11 Bermuda

HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG

Unit 2908, 29th Floor, 248 Queen’s Road East Wanchai Hong Kong

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE

Butterfield Fund Services (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke Bermuda

HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE

Computershare Hong Kong Investor Services Limited Shops 1712-1716, 17th Floor Hopewell Centre 183 Queen’s Road East Wanchai Hong Kong

WEBSITE ADDRESS

http://www.sim.com

STOCK CODE

2000

董事會

執行董事

楊文瑛女士（主席）王祖同先生（總裁）張劍平先生（於二零一五年五月三十日辭任執行董事）

唐融融女士陳達榮先生劉泓先生劉軍先生（首席執行官，於二零一五年六月四日委任為執行董事）

獨立非執行董事

廖慶雄先生謝麟振先生董雲庭先生

審核委員會

廖慶雄先生（主席）謝麟振先生董雲庭先生

薪酬委員會

廖慶雄先生（主席）謝麟振先生董雲庭先生王祖同先生

公司秘書

黃荻女士

核數師

德勤 • 關黃陳方會計師行

香港法律之法律顧問

梁寶儀劉正豪律師行

主要往來銀行

恒生銀行有限公司交通銀行上海浦東發展銀行

註冊辦事處

Clarendon House 2 Church Street Hamilton HM 11 Bermuda

香港總辦事處及主要營業地點

香港灣仔皇后大道東 248 號 29 樓 2908 室

股份過戶登記總處

Butterfield Fund Services (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke Bermuda

香港股份過戶登記分處

香港中央證券登記有限公司香港灣仔皇后大道東 183 號合和中心 17 樓 1712-1716 室

網址

http://www.sim.com

股份編號

2000

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AI assistant

SIM Technology Group Limited — Annual Report 2016

50331_rns_2016-04-27_6e21749d-e2a4-485a-bfea-f4b5d337110e.pdf

Contents

目錄

April

August

December

September

June

October

November

July

8 月

Chairman’s Statement 主席報告

Dear Shareholders,

致各股東︰

FINAL DIVIDEND

末期股息

BUSINESS REVIEW

業務回顧

Handsets and solutions business

手機及解決方案業務

Wireless communication modules business

無線通訊模塊業務

IOT business

物聯網業務

Intelligent manufacturing business

智能製造業務

Display modules business

Properties development

顯示模塊

物業發展

PROSPECTS

展望

Yeung Man Ying

楊文瑛

Management’s Discussion and Analysis 管理層討論及分析

FINANCIAL REVIEW

財務回顧

Research and development expenses

研究及開發費用

Selling and distribution costs

銷售及分銷成本

Administrative expenses

行政開支

Segment results of core business

核心業務的分類業績

Handsets and solutions

手機及解決方案

Wireless communication modules

無線通訊模塊

Internet of things business

物聯網業務

Intelligent manufacturing business

智能製造業務

LIQUIDITY, FINANCIAL RESOURCES AND CAPITAL STRUCTURE

Liquidity

流動資金、財務資源及資本結構

流動資金

Operating Efficiency

營運效率

Treasury Policies

庫務政策

CAPITAL STRUCTURE

資本結構

CASH FLOW STATEMENT HIGHLIGHTS

現金流量表摘要

GEARING RATIO

負債比率

EMPLOYEES

僱員

EMOLUMENT POLICY

薪酬政策

FUTURE PLANS FOR MATERIAL INVESTMENT

未來重大投資計劃

MATERIAL ACQUISITION AND DISPOSAL OF SUBSIDIARIES AND ASSOCIATED COMPANIES

重大收購及出售附屬公司及聯營 公司

CONTINGENT LIABILITIES

或然負債

SIM Technology Group Limited Annual Report 2016

重大收購及出售附屬公司及聯營公司

投資物業、物業、廠房及設備及土地使用權

董事及主要行政人員於股份之權益及淡倉

主要股東或其他人士於本公司之證券權益