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( Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司 ) ( Stock Code 股份代號 : 8076 )

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Annual Report 2009 年報
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For identification purposes only 僅供識別

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “EXCHANGE”)

GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.

Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this report, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this report.

This report, for which the directors of Sing Lee Software (Group) Limited (the “Company”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief:— 1. the information contained in this report is accurate and complete in all material respects and not misleading; 2. there are no other matters the omission of which would make any statement in this report misleading; and 3. all opinions expressed in this report have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

香港聯合交易所有限公司（「聯交所」）創業板（「創業板」）的特色

創業板的定位，乃為相比起其他在本交易所上市的公司帶有較高投資風險的公司提供一個上市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。創業板的較高風險及其他特色表示創業板較適合專業及其他老練投資者。

由於創業板上市公司新興的性質所然，在創業板買賣的證券可能會較於主機板買賣之證券承受較大的市場波動風險，同時無法保證在創業板買賣的證券會有高流通量的市場。

香港交易及結算所有限公司及香港聯合交易所有限公司對本報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。

本報告乃遵照香港聯合交易所有限公司《創業板證券上市規則》的規定而提供有關新利軟件（集團）股份有限公司（「本公司」）的資料，本公司各董事願共同及個別對本報告負全責。各董事經作出一切合理查詢後，確認就彼等所知及所信：1.本報告所載資料在各重大方面均屬準確及完整，且無誤導成分； 2.並無遺漏任何事實致使本報告所載任何內容產生誤導；及3.本報告內表達的一切意見乃經審慎周詳的考慮後方作出，並以公平合理的基準和假設為依據。

Annual Report 2009 1 二零零九年年報

CONTENTS 目錄

Pages 頁次

3 Corporate information 公司資料
5 Chairman’s statement 主席報告書
7 Management discussion and Analysis 管理層討論及分析
11 Biographical information of directors and Senior Management 董事及高級管理層之履歷
14 Report of the directors 董事報告書
26 Corporate governance report 企業管治報告書
31 Independent auditor’s report 獨立核數師報告
34 Consolidated statement of comprehensive income 綜合全面收益表
35 Statement of financial position 財務狀況表
36 Consolidated statement of changes in equity 綜合股東權益變動表
37 Consolidated statement of cash flows 綜合現金流量表
39 Notes to the financial statements 財務報表附註

2 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Corporate Information 公司資料

EXECUTIVE DIRECTORS

Hung Yung Lai (Chairman) Cui Jian Xu Shu Yi

INDEPENDENT NON-EXECUTIVE DIRECTORS

Pao Ping Wing Tam Kwok Hing Lo King Man

COMPANY SECRETARY

Tong Tsz Kwan, CPA, ACCA

COMPLIANCE OFFICER

Hung Yung Lai

AUTHORISED REPRESENTATIVES

Hung Yung Lai Tong Tsz Kwan

AUDIT COMMITTEE

Pao Ping Wing (Chairman) Tam Kwok Hing Lo King Man

AUDITORS

K.M. Choi & Au Yeung Limited, Certified Public Accountants Room 1101, 11/F., Tai Yau Building 181 Johnston Road Wanchai Hong Kong

執行董事

熊融禮（主席）崔堅徐舒藝

獨立非執行董事

浦炳榮談國慶盧景文

公司秘書

唐旨均 CPA, ACCA

監督主任

熊融禮

法定代表

熊融禮唐旨均

審核委員會

浦炳榮（主席）談國慶盧景文

核數師

蔡國文歐陽會計師事務所有限公司，執業會計師香港灣仔莊士敦道181號大有大廈11字樓1101室

Annual Report 2009 3 二零零九年年報

Corporate Information 公司資料

PRINCIPAL BANKERS

Industrial and Commercial Bank of China (Asia) Ltd. Bank of China (Hong Kong) Limited Bank of China, Hangzhou Branch Industrial and Commercial Bank of China, Zhejiang Branch

HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS

32nd Floor, Morrison Plaza 5-9A, Morrison Hill Road Wanchai Hong Kong

REGISTERED OFFICE

Clarendon House 2 Church Street Hamilton, HM11 Bermuda

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE

The Bank of Bermuda Limited 6 Front Street Hamilton, HM11 Bermuda

HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE

Abacus Share Registrars Limited Level 25, Three Pacific Place 1 Queen’s Road East Hong Kong

GEM STOCK CODE

8076

主要往來銀行

中國工商銀行（亞洲）有限公司中國銀行（香港）有限公司中國銀行杭州分行中國工商銀行浙江省分行

總辦事處及主要營業地點

香港灣仔摩利臣山道5-9A號天樂廣場32樓

註冊辦事處

Clarendon House 2 Church Street Hamilton, HM11 Bermuda

主要股份過戶登記處

The Bank of Bermuda Limited 6 Front Street Hamilton, HM11 Bermuda

香港股份過戶登記分處

雅柏勤證券登記有限公司香港皇后大道東1號太古廣場三座25樓

創業板股份代號

8076

SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Chairman’s Statement 主席報告書

On behalf of the Board of Directors of Sing Lee Software (Group) Limited (the “Company”) and its subsidiaries (collectively referred to as the “Group”), I would like to present herewith the 2009 Annual Report of the Group.

BUSINESS REVIEW AND ANALYSIS

During the year, the Group has focused all of its efforts on strengthening the cooperation with the two major strategic customers, reinforcing the all-rounded promotion of the firstand second-generation Runpos products and investing in the market research and product design for the third-generation products. With the best endeavours of all employees, the firstand second-generation Runpos products are now available for sales in 15 provinces and cities nationwide as compared with 7 last year with the amount of sales increased by 127%. As the coordination between the project teams of the two parties involved in the development of the third-generation products was basically completed, the technological research and development, the design of platform and the pilot operation at the provincial level have already commenced. The Group believes that the low-cost but highly-efficient products offered under the Runpos series will be welcomed by all customers in the next few years, and will secure a long-term and stable growth of the Group's operation and services income in the financial payment sector.

Banking Business

Under the influence of the financial tsunami, the whole banking sector has tightened up its control on the liquidity risks through and through, resulting in increasing demand for the Group’s products for liquidity risk management. The Group also conducted research and analysis into the development of the market for the last three years. The emergence of special joint-equity banks, the personalization of commercial bank services in cities and the diversification of innovative functions encouraged the inhouse research and development of products, and helped the Group maintain the leading strategic position of its core

本人謹代表新利軟件（集團）股份有限公司（「本公司」）之董事會及附屬公司（合稱「本集團」）提呈本集團之二零零九年度財務報表。

事業回顧及行業分析

本年度集團工作重點是全力以赴加強與兩大戰略客戶的合作，擴大Runpos第一代、第二代產品的全面推廣及第三代產品的市場調研、產品設計等工作，在集團全體員工的努力下，Runpos第一、二代的產品已由原來全國7個省市擴展到15個省市，銷售額增長 127%，第三代產品雙方團隊的對接工作已基本完成，並已開始技術研發平台設計及省級的試點工作。本集團相信Runpos的系列產品將在今後數年內為所有客戶帶來一個低成本、高效益的可喜局面，也從根本上保証本集團在金融支付領域裡營運及服務收入長期穩定的增長。

銀行業務

經過金融海嘯的洗禮，銀行全面加強資金風險控制，對本集團資金風險控制產品的需求不斷增加，本集團亦對三年內這一市場的發展作了進一步的調研和規化，特別股份制銀行，城市商業銀行個性化，多元化的創新功能加大自主研發，並保持本集團數年內在這一銀行核心業務的市場佔有率上一哥的戰略地位。支付領域裡新的業務和產品，特別與兩大客戶在這一領域的合作正在向縱深發展，取得了預期的效果，並將原來教育行業

Annual Report 2009 5 二零零九年年報

Chairman’s Statement 主席報告書

Banking Business (Continued)

banking business in the market in which it had the largest market share in the past few years. New business and products emerged in the payment industry achieved the expected result. In particular, our cooperation with the two major customers continues to develop in all aspects. Bank-college Express from the original education business has been incorporated into the third-generation Runpos products so as to enhance its competitiveness.

Future Outlook

As proved by our practical experience, the market prospects of our two principal businesses, capital and payment, are bright and promising. The key is to continuously strengthen our close cooperation with the two major strategic customers and various banks and step up our efforts in the promotion and application of our products in various industries. The Group will continue its strategy of “conducting the market research three years in advance, carrying out technological research and development two years in advance and entering the market six months in advance” with a view to maintaining a long-term, stable and effective development of the Group.

The Group will continue its endeavors to reinforce the measures to generate income and reduce expenditure, especially to increase its efforts in broadening sources of income and promoting the innovative and professional services. The Group will also strengthen the risk precautions and on-going monitoring mechanism to prevent risk in advance.

ACKNOWLEDGEMENT

On behalf of the Board, I would like to express my gratitude to all the shareholders who have been rendering their support to the Group, and all the staff who have been so dedicated and have been working so hard. In addition, I would also like to express my sincere thanks to the customers, cooperation partners, suppliers and bankers for their confidence and trust in the Group.

Hung Yung Lai

Chairman

26 March 2010

銀行業務（續）

的銀校通規化到Runpos第三代產品內，使其具有更強的生命力。

未來發展

實踐証明，本集團的資金和支付兩大業務市場前景是寬廣的，關鍵是不斷加強與兩大戰略客戶及多家銀行的緊密合作，加快在各行業的推廣和實施力度。本集團將堅持「提前三年做市場調研，提前兩年技術研發，提前半年進入市場」的方針，以保持集團長遠、穩定而有效的發展。

本集團將繼續加強開源節流的各項實施力度，特別要加大開源、創新及專業服務的力度，強化風險事前監督和事中監督機制，將風險防範於未然。

致謝

本人謹代表董事局向一直支持本集團之所有股東及忠誠勤奮之員工致謝。此外，本人亦謹此就本集團客戶、合作夥伴、供應商及往來銀行對本集團之信心及信任，致以衷心謝意。

主席 熊融禮

二零一零年三月二十六日

6 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Management Discussion and Analysis 管理層討論及分析

FINANCIAL REVIEW

財務回顧

The Group is principally engaged in the development and sales of information and network technologies and services to the financial industry in the People’s Republic of China (the “PRC”).

本集團主要在中華人民共和國（「中國」）從事開發及銷售有關金融業的信息、網絡科技及服務。

For the year ended 31 December 2009 (“the financial year”), the Group recorded a total turnover of approximately RMB41,417,000, representing an increase of 127% as compared to last year (last year turnover were approximately RMB18,214,000).

截至二零零九年十二月三十一日止年度（「呈報年度」），本集團錄得銷售收入約人民幣 41,417,000元，較去年同期增加約127% （二零零八年銷售收入約人民幣18,214,000 元）。

Turnover of the Group comprises of:

本集團的營業額包括：

		Turnover	Turnover
		營業額
		2009	2008
		二零零九年	二零零八年
		RMB’000	RMB’000
		人民幣千元	人民幣千元
Sales of software	軟件銷售	1,652	980
Sales of hardware	硬件銷售	14,097	2,995
Maintenance and other services income	維護及其它服務收入	25,668	14,239
		41,417	18,214

The Group recorded a profit attributable to shareholders of approximately RMB1,302,000 for the financial year, a significant change from net loss to net profit as compared to last year (net loss for last year was approximately RMB4,240,000). Increase in turnover is one of the factors leading to the change from net loss to net profit.

本集團於呈報年度錄得除稅後淨盈利約為人民幣1,302,000元，由去年同期淨虧損到今年之淨盈利起了重大改變（二零零八年淨虧損約人民幣4,240,000）。銷售收入增加乃是導致由淨虧損轉為淨盈利的原因之一。

We will continue trying our best to increase sales and strengthen our cost control. With the products of our group becoming more mature in the market and the effective cost control, we expect that financial results of the group will be further improved in the coming year.

本集團將繼續努力，於加大營銷力度的同時，將繼續各項節流方案的實施。隨著集團產品於市場漸趨成熟，以及各項成本費用的進一步控制，未來一年的業績將會進一步改善。

Annual Report 2009 7 二零零九年年報

Management Discussion and Analysis 管理層討論及分析

LIQUIDITY, FINANCIAL RESOURCES, CAPITAL STRUCTURE AND GEARING RATIO

流動資金、財務資源、資本架構及資產負債比率

As at 31 December 2009, the Group’s bank loans amounted to approximately RMB18.6 million (2008: RMB16.8 million) which bear interest at rate of Hong Kong Dollar Inter Bank Offered Rate plus 2.75% per annum. (2008: Hong Kong Dollar Inter Bank Offered Rate plus 2.75% per annum)

於二零零九年十二月三十一日，本集團尚未償還銀行借貸約為人民幣一千八百六十萬元（二零零八年：人民幣一千六百八十萬元），年利率為香港銀行同業拆息加百分之二點七五。（二零零八年：年利率為香港銀行同業拆息加百分之二點七五）

No interest was capitalized by the Group during the year (2008: Nil).

於呈報年度，本集團並無資本化利息（二零零八年：零）。

As at 31 December 2009, the Group held cash and cash equivalents denominated in RMB, US dollars and HK dollars, amounted to approximately RMB5.1 million. (2008: RMB2.8 million)

於二零零九年十二月三十一日，本集團持有人民幣、美元及港元的現金及現金等價物約為人民幣五百一十萬元。（二零零八年：人民幣二百八十萬元）

The gearing ratio of the Group, based on total liabilities over total assets, as at 31 December 2009 was approximately 94% (2008: 102%).

於二零零九年十二月三十一日，本集團資產負債比率（界定為負債總額除以資產總額）約為94%（二零零八年：102%）。

ACQUISITION AND DISPOSALS OF SUBSIDIARIES AND AFFILIATED COMPANIES

附屬及關聯公司收購及出售

The Group did not have any material acquisitions or disposals of subsidiaries and affiliated companies, or significant investments during the year.

本集團於呈報年度，並無重大收購或出售附屬及關聯公司。

SEGMENTAL INFORMATION

分部資料

Saved as disclosed on note 4 of the notes to the financial statements, no segmental information is presented for the Group as the Group conducts its business within one geographical and business segment.

除財務報表附註的附註4披露外，本集團並無呈列分部資料，因本集團從事單一行業及在單一地區進行業務。

8 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Management Discussion and Analysis 管理層討論及分析

EMPLOYEE INFORMATION

僱員資料

As at 31 December 2009, the Group had 119 employees (2008: 90 employees), including both the PRC and Hong Kong employees. Remuneration and bonus policy are basically determined by the performance of the individual employees and financial results of the Group. Total staff costs for the year amounted to approximately RMB8.1 million (2008: RMB7 million).

於二零零九年十二月三十一日，本集團僱有 119名員工（二零零八年：90名員工），分佈於中國及香港。本集團酬金及花紅政策乃按個別員工及集團盈利表現而釐定。呈報年度之員工成本約人民幣八百一十萬元。（二零零八年：人民幣七百萬元）

The Group adopted a share option scheme, details of which were set out in the Report of the Directors.

本集團已採納一項購股權計劃，詳情請參閱董事報告書。

CHARGE ON GROUP ASSETS

資產抵押

As at 31 December 2009, the Group did not have any charges on group assets.

於二零零九年十二月三十一日，本集團並無任何資產抵押。

FUTURE PLANS FOR MATERIAL INVESTMENTS AND EXPECTED SOURCE OF FUNDING

未來重大投資或購入資本資產計劃詳情

Details of the Group’s future plans for material investments or capital assets and their expected source of funding have been stated in the Company’s prospectus dated 30 August 2001 under the sections headed “Statement of Business Objectives” and “Reasons for the New Issue and Use of Proceeds” respectively.

集團未來重大投資或購入資本資產的詳情計劃，並預計在未來一年如何就上述計劃融資的詳情已列載於本公司二零零一年八月三十日的招股章程「業務目標聲明」及「發行新股的原因及所得款項用途」內。

EXPOSURE TO EXCHANGE RATE FLUCTUATION

匯率風險

The Group’s revenue generating operations are mainly transacted in RMB. The directors consider the impact of foreign exchange exposure to the Group is minimal.

本集團絕大部份創造收入的業務都是以人民幣進行交易。董事認為本集團之外匯風險甚低。

CONTINGENT LIABILITIES

或有負債

As at 31 December 2009, the Group did not have any material contingent liabilities (2008: Nil).

於二零零九年十二月三十一日，本集團並無任何或有負債（二零零八年：無）。

Annual Report 2009 9 二零零九年年報

Management Discussion and Analysis 管理層討論及分析

PROSPECTS OF NEW PRODUCTS

新產品的前景

Please refer to the Chairman’s Statement for a discussion on this.

有關討論請參閱主席報告書中的討論。

FIVE YEARS FINANCIAL SUMMARY OF THE GROUP

五個年度的財務概要

GROUP
		Year ended	Year ended	Year ended	Year ended	Year ended
		31 December	31 December	31 December	31 December	31 December
		2009	2008	2007	2006	2005
		截至	截至	截至	截至	截至
		二零零九年	二零零八年	二零零七年	二零零六年	二零零五年
		十二月三十一日	十二月三十一日	十二月三十一日	十二月三十一日	十二月三十一日
		止年度	止年度	止年度	止年度	止年度
		RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元	人民幣千元
Turnover	銷售收入	41,417	18,214	29,719	21,377	11,276

Profit/(loss) attributable to	股東應佔溢利╱（虧損）
shareholders		1,302	(4,240 )	1,195	(16,151 )	(37,221 )

Total assets	資產總值	36,432	25,380	32,687	27,160	41,894
Total liabilities	負債總值	(34,282 )	(25,948 )	(44,731 )	(41,713 )	(40,595 )
Net assets/(liabilities)	資產╱（負債）淨值	2,150	(568 )	(12,044 )	(14,553 )	1,299

MAJOR SUPPLIERS AND CUSTOMERS

主要供應商及客戶

The percentage of purchases and sales for the year ended 31 December 2009 attributable to the Group’s major suppliers and customers are as follows:

截至二零零九年十二月三十一日止年度，本集團的主要供應商及客戶應佔的購貨額及銷售額百分比如下：

Purchases

– the largest supplier 47% (2008: 32%) – five largest suppliers combined 96% (2008: 84%)

購貨額

－最大供應商 47%(2008: 32%) －五大供應商合共 96%(2008: 84%)

Sales

– the largest customer 27% (2008: 24%) – five largest customers combined 60% (2008: 53%)

銷售額－最大客戶 27%(2008: 24%) －五大客戶合共 60%(2008: 53%)

None of the Directors, their associates or any shareholder (which to the knowledge of the directors owns more than 5% of the Company’s share capital) had an interest in the major suppliers or customers stated above.

董事、彼等的聯繫人或就董事所知擁有本公司股本5%以上的任何股東，概無於上述主要供應商或客戶擁有權益。

10 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Biographical Information of Directors and Senior Management 董事及高級管理層之履歷

EXECUTIVE DIRECTORS

執行董事

Mr. Hung, Yung Lai , aged 65, the Chairman of our Group and the director of Strategic Development Committee. Mr. Hung, who graduated from Shanghai Conservatory of Music, is also among the founders of the Group. He is in possession of more than 20 years’ company management and strategy programming experience and over 10 years’ successful experience in managing high-tech companies; hence he is familiar with the China business management and marketing planning. Mr. Hung is now in charge of the Group’s macro-strategy and the enterprise’s development.

熊融禮先生，65歲，本集團董事會主席兼戰略發展委員會主任。熊先生亦是本集團的創辦人之一，畢業於上海音樂學院。他擁有逾二十多年公司管理及策略規劃經驗及十多年成功管理高科技公司的經驗，故此，對中國業務的管理及市場策劃十分熟悉。熊先生現負責本集團整體策略及企業發展。

Mr. Cui, Jian , aged 56, a Director and Vice Chairman of our Group. Mr. Cui is one of the founders of Hangzhou Singlee Software Co., Ltd. and has been working for our Group since its founding in 1993. Mr. Cui is responsible for the investment programming of the Group. Before joining the Group, he used to work for China Hangzhou Automatization Research Institute and Hangzhou Huayuan Computer Application Research Institute as director and president of their Developing Departments.

崔堅先生，56歲，本集團董事及副主席。崔先生為杭州新利軟件有限公司的創辦人之一，並自本集團於一九九三年成立以來已為本集團服務。崔先生負責本集團的投資策劃工作。加入本集團之前，他曾在中國杭州自動化研究所及中國杭州華遠微機應用研究所擔任發展部董事及總裁。

Mr. Xu, Shu Yi , aged 45, a Director of our Group. Mr. Xu acquired professional accountant qualification in 1995 in China. Mr. Xu has over 26 years’ company financing and executive director’s experience in various industries like real estate developing, hotel industry and food-manufacturing industry. He is now taking charge of the Group’s financial strategy and planning of our Group.

徐舒藝先生，45歲，本集團董事。徐先生於 1995年在中國獲得會計師專業資格。徐先生在不同行業如房地產發展、酒店及食品製作等，擁有逾二十六年公司財務和執行董事的經驗。徐先生現負責本集團財務策略和計劃。

Annual Report 2009 11 二零零九年年報

Biographical Information of Directors and Senior Management 董事及高級管理層之履歷

INDEPENDENT NON-EXECUTIVE DIRECTORS AND AUDITING COMMITTEE

獨立非執行董事及審核委員會

Mr. Pao, Ping Wing , JP, aged 62, an independent non-executive director of the Group and Chairman of the Auditing Committee. He is also an independent non-executive director of a number of public companies listed on the Stock Exchange. Mr. PAO was elected as one of the Ten Outstanding Young Persons of Hong Kong in 1982 and one of the Ten Outstanding Young Persons of the World in 1983. He was also an ex-Urban Councilor. In the past 20 years plus, he has been actively serving on government policy committees and statutory bodies, especially those of town planning, urban renewal, public housing, culture and arts and environment matters. Mr. PAO holds a Master of Science degree in human settlements planning & development.

浦炳榮先生，JP，62歲，本集團獨立非執行董事及審核委員會的主席。彼亦為多間於聯交所上市的公眾公司之獨立非執行董事。浦先生於1982年獲選為香港十大傑出青年及於 1983年獲選為世界十大傑出青年。彼曾是前市政局議員。過去20多年，浦先生先後獲委任為政府多個有關城市規劃、市區重建、公共房屋、文化藝術及環境問題等政策委員會及法定組織的成員。浦先生持有人居規劃碩士學位。

Mr. Tam, Kwok Hing , aged 62, an independent non-executive director of the Group, is the fellow member of the Hong Kong Institute of Certified Public Accountants. He was the founding partner of Wongs & Tam, Certified Public Accountants, a public accounting firm in Hong Kong, set up in 1973 and is now a consultant of the accounting firm.

談國慶先生，62歲，本集團獨立非執行董事，是香港會計師公會資深會員。他在一九七三年創立王談黃會計師樓，該公司為一家香港公眾會計師樓，談先生現時擔任該會計師樓的顧問。

Mr. Lo, King Man , aged 72, an independent non-executive director of the Group. Mr. Lo began his career in academic administration at the University of Hong Kong and became deputy director of the former Hong Kong Polytechnic in 1986. He was also appointed director of the Hong Kong Academy for performing arts in 1993. Mr. Lo is the Justice of Peace in Hong Kong, and he has an extensive record of public service. He has also served on the governing or executive bodies of numerous educational and cultural organizations. He was appointed an independent non-executive director of Chow Sang Sang Holding Int’l Ltd. in September 1994.

盧景文先生，72歲，本集團獨立非執行董事。盧先生於香港大學開始從事教學管理工作，並於一九八六年成為前理工學院副院長。一九九三年更獲香港演藝學院邀聘為首任華人校長。盧先生乃香港太平紳士，歷任多項社會公職，亦曾任多個大專學府及藝術機構董事局或管理委員會成員。於一九九四年九月獲委任為周生生集團之獨立非執行董事。

12 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Biographical Information of Directors and Senior Management 董事及高級管理層之履歷

SENIOR MANAGEMENT

高級管理層

Mr. Chang, Loong Cheong , aged 63, is the Senior Consultant of the Group. Prior to joining the Group in April 2004, he was responsible for the sales and management, etc in certain listed companies. Regarding to the trading and business networks in the PRC, he has distinct and professional knowledge and experiences. After his joining, with respect of his experiences and strategies in the PRC, he has important contribution to the market development of the new products.

張龍翔先生，63歲，本集團高級顧問。張先生於2004年4月正式加入本集團，在加入本集團前，他已在多間上市企業負責管理及業務等多方面工作。對於國內的營商環境及商業網絡，更有獨特及專業的認識和經驗。加入本集團後，憑著對國內豐富的經驗及策略，在新產品的業務拓展中取得了重要的成績。

Mr. Tong, Tsz Kwan , aged 30, is the Financial Controller and the Company Secretary of the Group. He holds a Master of Business Administration Degree in Finance from University of Southern Queensland. He is a Hong Kong Certified Public Accountant and the member of the Association of Chartered Certified Accountants. Prior to joining the Group in June 2007, he has accumulated over several years of accounting, auditing and financing experience. He is now responsible for accounting and company secretarial duties.

唐旨均先生，30歲，本集團的財務總監及公司秘書。唐先生持有澳洲南昆士蘭大學工商管理金融碩士學位。唐先生是香港會計師公會註冊會計師及英國特許公認會計師公會會員。唐先生於二零零七年六月加入本集團之前，已累積有多年會計、審計及融資經驗，現負責本集團的會計和公司秘書等工作。

Mr. Qiu, Lei , aged 39, is the General Manager of Hangzhou Singlee Technology Co., Ltd. He graduated from School of Machano-Electronic Engineering of Xidian University. Before joining the Group in 1996, Mr. Qiu was employed in China Zhenhua Group. Mr. Qiu had occupied the sales director of Singlee Software (Zhuhai) Co., Ltd. and the commercial director of Hangzhou Singlee Technology Co., Ltd. etc, with rich experiences in financial industry.

邱磊先生，39歲，本集團杭州新利科技有限公司總經理，西安電子科技大學機電工程學院畢業，加盟新利前曾在中國振華集團任職，於1996年加盟本集團，歷任新利軟件（珠海）有限公司銷售總監，杭州新利科技有限公司商務總監等職，有較深的金融行業經驗。

Annual Report 2009 13 二零零九年年報

Report of the Directors 董事報告書

The directors have pleasure in presenting their annual report and the audited financial statements of the Company for the year ended 31 December 2009.

PRINCIPAL ACTIVITIES

The principal activity of the Company is investment holding. The principal activities of the Group are the development and sale of information and network technologies and services to the financial industry in the PRC.

The principal activities of the subsidiaries are set out in note 16 to the financial statements.

RESULTS AND APPROPRIATIONS

The results for the year are set out in the consolidated statement of comprehensive income on page 34.

The directors of the Company do not recommend the payment of dividend.

RESERVES

Details of the movements in the reserves of the Group and the Company during the year are set out in note 24 to the financial statements.

DONATIONS

No charitable and other donations were made by the Group during the year.

PROPERTY, PLANT AND EQUIPMENT

Details of the movements in property, plant and equipment of the Group and the Company during the year are set out in note 14 to the financial statements.

本公司董事呈交截至二零零九年十二月三十一日止年度之報告及經審核賬目。

主要業務

本公司之主要業務為投資控股。本集團之主要業務是於中國從事金融業信息、網絡科技及服務的開發及銷售。

附屬公司之業務載列於財務報表附註16。

業績及分配

年內業績載於第34頁之綜合全面收益表中。

本公司董事會不建議派發股息。

儲備

年內本集團及本公司之儲備變動載於財務報表附註24。

捐獻

年內本集團並無作出慈善及其他捐款。

不動產、廠房及設備

本集團及本公司的不動產、廠房及設備之變動詳情，載於財務報表附註14。

14 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Report of the Directors 董事報告書

SHARE CAPITAL

Details of the Company’s share capital are set out in note 23 to the financial statements.

DISTRIBUTABLE RESERVES

Pursuant to the Company Act 1981 of Bermuda, share premium of the Company is distributable to the shareholders. At 31 December 2009, the company had no reserve available for distribution to equity of the company (2008: Nil).

SUBSTANTIAL SHAREHOLDERS’ INTEREST IN SECURITIES

As at 31 December 2009, shareholders (other than directors or chief executive of the Company) who had interests or short positions in the shares, underlying shares and debentures of the Company which would fall to be disclosed to the Company under the provisions of Divisions 2 and 3 of Part XV of the SFO or, directly, or indirectly, interested in 5% or more of the nominal value of any class of share capital carrying rights to vote on all circumstances at general meeting of any other members of the Group or substantial shareholders as recorded in the register required to be kept by the Company under Section 336 of the SFO were as follows:

股本

本公司的股本變動詳情載列於財務報表附註 23。

可供派發儲備

根據百慕達公司法（一九八一年）及本公司公司組織章程細則，本公司股份溢價可供派發予股東。於二零零九年十二月三十一日，本公司沒有可供派發予股東之儲備（二零零八年：無）。

主要股東之證券權益

就本公司任何董事或行政總裁所知，於二零零九年十二月三十一日，以下為根據證券及期貨條例第XV部第2及第3部份的條文須向本公司披露於本公司股份或相關股份的權益的股東（本公司董事或行政總裁除外）或直接或間接持有附帶於所有情況下於本集團任何其他成員公司股東大會上投票之任何類別股本面值之5%，或根據證券及期貨條例第336條須存置的登記冊所記錄：

Annual Report 2009 15 二零零九年年報

Report of the Directors 董事報告書

SUBSTANTIAL SHAREHOLDERS’ INTEREST 主要股東之證券權益（續） IN SECURITIES (Continued)

		Number of shares held	Percentage
	Capacity/	Long Short	of
Name of shareholder	Nature of interest	position position	shareholding
	身份╱	持有股份數目	持有股本
股東名稱	權益類別	好倉短倉	百分比
Goldcorp Industrial	Beneficial interest	337,855,000 –	50.9%
Limited	實益權益	(note 1)
		（附註1）
Great Song Enterprises	Corporate interest	337,855,000 –	50.9%
Limited	法團權益	(notes 1 and 2)
		（附註1及2）
Mr. Hung Yung Lai	Corporate interest	337,855,000 –	50.9%
熊融禮先生	法團權益	(notes 2 and 4)
		（附註2及4）
Ms. Li Kei Ling	Corporate interest	337,855,000 –	50.9%
李其玲女士	法團權益	(notes 2 and 3)
		（附註2及3）
Mdm Iu Pun	Family interest	337,855,000 –	50.9%
姚彬女士	家屬權益	(note 5)
		（附註5）

16 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Report of the Directors 董事報告書

SUBSTANTIAL SHAREHOLDERS’ INTEREST IN SECURITIES (Continued)

Notes:

Goldcorp Industrial Limited is a company incorporated in the British Virgin Islands equally owned by Mr. Hung Yung Lai and Great Song Enterprises Limited which in turn is wholly owned by Ms. Li Kei Ling.
The Shares were held by Goldcorp Industrial Limited.
Ms. Li Kei Ling controls more than one third of the voting power of Great Song Enterprises Limited which in turn holds more than one third of the voting power of Goldcorp Industrial Limited. Ms. Li Kei Ling is deemed, by virtue of the SFO, to be interested in the same 337,855,000 shares held by Goldcorp Industrial Limited.
Mr. Hung Yung Lai controls more than one third of the voting power of Goldcorp Industrial Limited. Mr. Hung Yung Lai is deemed, by virtue of the SFO, to be interested in the same 337,855,000 shares held by Goldcorp Industrial Limited.
These shares are beneficially owned by Goldcorp Industrial Limited as mentioned in Note 4 of above. Mr. Hung Yung Lai is deemed to be interested in the same 337,855,000 shares held by Goldcorp Industrial Limited. Mdm Iu Pun is the wife of Mr. Hung Yung Lai and is deemed to be interested in these shares in which Mr. Hung Yung Lai is deemed or taken to be interested for the purpose of the SFO.

Save as disclosed above, as at 31 December 2009, the directors or chief executives of the Company were not aware of any other person (other than directors or chief executives of the Company) who had an interest or short position in the shares, underlying shares and debentures of the Company which would fall to be disclosed to the Company under the provision of Divisions 2 and 3 of Part XV of the SFO, or who was interested in 5% or more of the nominal value of any class of share capital carrying rights to vote in all circumstances at general meeting of any other member of the Group or any other substantial shareholders as recorded in the register required to be kept by the Company under Section 336 of the SFO.

主要股東之證券權益（續）

附註：

Goldcorp Industrial Limited為一間於英屬處女群島註冊成立之公司，由熊融禮先生及Great Song Enterprises Limited以相同股權共同持有，而Great Song Enterprises Limited則由李其玲女士全資擁有。
該批股份由Goldcorp Industrial Limited持有。
李其玲女士控制Great Song Enterprises Limited的投票權超過三分之一，而後者持有 Goldcorp Industrial Limited的投票權超過三分之一。鑑於證券及期貨條例，李其玲女士被視作擁有Goldcorp Industrial Limited所持有的 337,855,000股股份的相同權益。
熊融禮先生持有Goldcorp Industrial Limited的投票權超過三分之一。鑑於證券及期貨條例，熊融禮先生被視作擁有Goldcorp Industrial Limited所持有的337,855,000股股份的相同權益。
該等股份由Goldcorp Industrial Limited實益擁有，按上文附註4所述，熊融禮先生被視作擁有Goldcorp Industrial Limited所持有約 337,855,000股股份的相同權益。姚彬女士為熊融禮先生的妻子，根據證券及期貨條例，彼被當作於熊融禮先生被當作或視為擁有該等股份的權益中擁有權益。

除上文所披露者，於二零零九年十二月三十一日，本公司的董事或行政總裁並不知悉任何其他人士（本公司董事或行政總裁除外）擁有根據證券及期貨條例第XV部第2及第3部分的條文須向本公司披露的本公司股份或相關股份的權益，或擁有附有權利在所有情況下可於本集團任何其他成員公司的股東大會上投票的任何類別股本面值的5%或以上，或根據證券及期貨條例第336條須存置的登記冊所記錄。

Annual Report 2009 17 二零零九年年報

Report of the Directors 董事報告書

DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS IN SECURITIES

董事及行政總裁之證券權益

As at 31 December 2009, the interests or 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 (Chapter 571 of Laws of Hong Kong (the “SFO”)) which were notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests or short positions which he/ she is taken or deemed to have under such provisions of the SFO), or which were required to be entered into the register required to be kept by the Company, pursuant to Section 352 of the SFO, or which were required, pursuant to Rules 5.46 to 5.66 of the GEM Listing Rules, to be notified to the Company and the Stock Exchange, were as follows:

於二零零九年十二月三十一日，根據證券及期貨條例第XV部份第7及第8部份須知會本公司及聯交所有關本公司董事及行政總裁於本公司或其他任何相聯法團（定義見證券及期貨條例第XV部（香港法例第571章））的股份，相關股份及債券的權益（包括彼等根據證券及期貨條例的該等條文被視作或當作擁有的權益或短倉），或根據證券及期貨條例第352條須登記於本公司置存的登記冊或須根據創業板上市規則第5.46至5.66條須知會本公司及聯交所的權益及短倉如下：

Shares in the Company:

本公司股份：

		Number of shares held	Number of shares held	Percentage
	Capacity/	Long	Short	of
Name of directors	Nature of interest	position	position	shareholding
			持有股數目	持有股本
董事姓名	身份╱權益類別	好倉	短倉	百分比
Mr. Hung Yung Lai	Corporate interest	337,855,000	–	50.9%
熊融禮先生	法團權益	(note 1)
		（附註1）

Shares in associated corporation:

相聯法團股份：

Number of ordinary shares held in Goldcorp Industrial Limited

		(note 2)		Percentage
	Capacity/	Long	Short	of
Name of directors	Nature of interest	position	position	shareholding
		於Goldcorp Industrial Limited
		所持普通股數目
		（附註2）		持有股本
董事姓名	身份╱權益類別	好倉	短倉	百分比
Mr. Hung Yung Lai	Personal interest	1	–	50.9%
熊融禮先生	個人權益

18 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Report of the Directors 董事報告書

DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS IN SECURITIES (Continued)

Notes:

The Shares were held by Goldcorp Industrial Limited. Mr. Hung Yung Lai has 50% interest in Goldcorp Industrial Limited.
The entire issued capital of Goldcorp Industrial Limited as of 31 December 2009 composed of 2 ordinary shares. Goldcorp Industrial Limited held 337,855,000 Shares in the Company.

SHARE OPTION SCHEME

Pursuant to the share option scheme (the “Scheme”) adopted on 27 August 2001, the Directors may at their discretion grant options to employees (including Directors of the Company) of the Group and other persons who, in the sole discretion of the board of the Directors, have contributed to the Group (“Participants”). The Scheme enables the Company to grant share options to Participants as incentives or rewards for their contribution to the Group. The Scheme would be valid and effective for a period of ten years commencing on the adoption date.

The maximum number of shares in respect of which options may be granted under the Scheme shall not exceed 30% of the issued share capital of the Company from time to time. After the listing of the shares on GEM, the total number of shares which may be issued upon the exercise of all options to be granted under the Scheme and any other schemes must not in aggregate exceed 10% of the shares in issue upon completion of placing, capitalisation issue and say other shares to be issued upon the exercise of the over-allotment option in connection with the listing of the shares on GEM. According to the Scheme, the total number of shares available for issue is 66,320,000 shares which represents 10% of the issued share capital of the Company at the date of this annual report.

The total number of shares issued and to be issued upon the exercise of options granted and to be granted to each Participant (including both exercised and outstanding options) in any 12 months period up to the date of grant must not exceed 1% of the shares in issue at the date of grant.

董事及行政總裁之證券權益（續）

附註：

該批股份由Goldcorp Industrial Limited持有。熊融禮先生於此公司擁有50%的權益。
Goldcorp Industrial Limited於二零零九年十二月三十一日之全部已發行股本為兩股普通股。 Goldcorp Industrial Limited持有337,855,000 股本公司股份。

購股權計劃

根據於二零零一年八月二十七日所採納之僱員購股權計劃（「該計劃」），董事可全權酌情決定向僱員（包括本公司的董事）及其他對本集團有貢獻之人士（合稱為「參與者」）授予購股權，主要目的是讓本公司授出購股權予參與者，作為給予彼等對本集團的貢獻的獎勵和報酬。該計劃由採納當日起生效，為期十年。

根據該計劃將予授出之購股權之股份上限不得超逾本公司不時之已發行股本的30%。於股份在創業板上市後，根據該計劃及任何其他計劃可能獲授於的購股權項下可供發行的股份總數合共不得超過完成配售、資本化發行及因行使超額配股權可能予以發行的其他股份後已於創業板已發行股份的10%。根據該計劃可授出之購股權為66,320,000股，相當於本年報刊發日期本公司已發行股本的 10%。

直至授出日期任何十二個月期間各參與者根據行使獲授及將獲授的購股權（包括已行使及尚未行使的購股權），從而獲得已發行及將予發行的股份總數不得超過於授出日期已發行股份的1%。

Annual Report 2009 19 二零零九年年報

Report of the Directors 董事報告書

SHARE OPTION SCHEME (Continued)

The subscription shall be a price determined by the board of directors at its absolute discretion and shall not be less than the higher of the closing price of the share on the date of grant of the option and the average closing price of the shares for the five business days immediately preceding the date of grant of the option.

Options granted shall be deemed to be accepted upon receipt of the acceptance of offer letter from the grantee within 28 days from the offer date, together with a remittance in favour of the Company of HK$1 by way of consideration for the grant.

An option may be exercised in accordance with the terms of the Scheme at any time during a period notified by the board to each grantee but may not be exercised after the expiry of 10 years from the date of grant.

On 8 April 2002 the Company granted 60,230,000 options to subscribe for shares in the Company under the Scheme at an exercise price of HK$0.614 per share to 163 employees (including three executive directors) of the Group. Shares of the Company were at closing price HK$0.58 immediately before the day on which options were granted.

On 1 June 2004 the Company granted 10,000,000 options to subscribe for shares in the Company under the scheme at an exercise price of HK$0.14 per share to 2 chief executives of the Group. Shares of the Company were at closing price HK$0.14 immediately before the day on which options were granted.

購股權計劃（續）

認購價須由董事會全權決定，惟該價格將不少於授出購股權當日的股份收市價及授出購股權日期前五個營業日的平均收市價這兩者中的較高者。

當員工收到公司發出有關授予購股權的法律文書後的28天內，簽署有關接納購股權的法律文書並送回本公司，並同時支付象徵性的港幣1元購股權接納款時，已表示員工與公司之間已就購股權事項達成協定。

購股權可於董事會通知各承授人的期間內隨時根據購股權計劃的條款行使，但不可於授出日期後十年屆滿期後行使。

本公司按該計劃於二零零二年四月八日向163名僱員（包括3位執行董事）授予 60,230,000股股份之購股權，該批股權之行使價為每股港幣0.614元。在購股權授於前一個交易日，本公司的股票收市價為每股港幣0.58元。

本公司按該計劃於二零零四年六月一日向兩名高級管理層員工授予10,000,000股股份之購股權，該批股權之行使價為每股港幣0.14 元。在購股權授於前一個交易日，本公司的股票收市價為每股港幣0.14元。

本公司按該計劃於二零零七年十月九日向僱員授予47,550,000股股份之購股權，該批股權之行使價為每股港幣0.368元。在購股權授於前一個交易日，本公司的股票收市價為每股港幣0.36元。

20 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Report of the Directors 董事報告書

SHARE OPTION SCHEME (Continued)

購股權計劃（續）

The summary details of options granted are as follows:

購股權之簡要詳情如下：

		Number of		Number of	Number of	Number of	Number of	Number of	Number of		Number of
		share options	share options			share options	share options	share	options	share options
Name of directors		outstanding as	granted during			exercised during	cancelled during	lapsed during outstanding as at
and employees	Exercise period	at 1 January 2009		the	year	the year	the year	the year 31 December 2009
		截至二零零九年								截至二零零九年
		一月一日								十二月三十一日
董事及		未行使		年內授出		年內已行使	年內已取消	年內已失效			未行使
僱員姓名	行使期	購股權數目		購股權數目		購股權數目	購股權數目	購股權數目			股權數目
Options granted on 8 April 2002
於二零零二年四月八日授出之購股權
Cui Jian	7 September 2002	3,180,000			–	–	–		–		3,180,000
	to 7 April 2012
崔堅	二零零二年九月七日至
	二零一二年四月七日
Options granted on 9 October 2007
於二零零七年十月九日授出之購股權
Chan Kam Fai	8 April 2008	6,000,000			–	–	–	(6,000,000 )			–
(Note 1)	to 8 October 2017
陳錦輝	二零零八年四月八日至
（附註1）	二零一七年十月八日
Continuous contract	8 April 2008	34,820,000			–	–	–	(4,520,000 )			30,300,000
employees	to 8 October 2017
(other than
directors)
持續合約僱員	二零零八年四月八日至
（董事除外）	二零一七年十月八日
		44,000,000			–	–	–	(10,520,000 )			33,480,000

Annual Report 2009 21 二零零九年年報

Report of the Directors 董事報告書

SHARE OPTION SCHEME (Continued)

Note:

Mr. Chan Kam Fai has tendered his resignation as the Chief Executive Officer of the Group due to his own career development with effect from 23 October 2008.

The directors consider it inappropriate to value the options as a number of factors critical for the valuation cannot be determined accurately. Any valuation of the options based on various speculative assumptions would be meaningless and misleading. Therefore the directors believe that the cost for disclosing the value of options does not justify for the benefits it provides.

DIRECTORS’ AND CHIEF EXECUTIVES’ RIGHTS TO ACQUIRE SHARES

Save as disclosed above, as at 31 December 2009, none of the directors, chief executives, or their respective associates had any interest or short position in the shares of the Company or its associated corporations (within the meaning of Part XV of the SFO) which would have to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests or short positions which they were taken or deemed to have under such provision of the SFO) or which were required to be kept under Section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to the minimum standards of dealing by directors of listed issuers as referred to in Rules 5.46 to 5.66 of the GEM Listing Rules.

MANAGEMENT SHAREHOLDERS

Save for the directors, management shareholders and substantial shareholders as herein disclosed, the directors are not aware of any persons who as at 31 December 2009 were entitled to exercise or control the exercise of 5% or more of the voting power at general meetings of the Company and who were able, as a practical matter, to direct or influence the management of the Company.

購股權計劃（續）

附註：

陳錦輝先生因其個人事業發展而辭去本集團行政總裁之職務，由二零零八年十月二十三日起生效。

董事認為由於多項評估購股權價值之因素不能準確釐定，故此並不適宜對購股權進行評估。根據不同預測性假設對購股權進行評估，並無意義及可能誤導。董事認為披露購股權價值之成本超過其利益。

董事及行政總裁認購上市證券的權利

除上文所披露者外，於二零零九年十二月三十一日，根據證券及期貨條例第XV部第7 及第8部份須知會本公司或聯交所或根據證券及期貨條例第352條須存置的登記冊所記錄，或根據創業板上市規則第5.46至第5.66 條上市發行人的董事進行交易的最低標準而知會本公司及聯交所，本公司董事或行政總裁概無擁有本公司或其相聯法團（定義見證券及期貨條例第XV部份）的股份。相關股份或短倉（包括彼等根據證券及期貨條例的該等條文被視作或當作擁有的權益或短倉）。

管理層股東

除本文所披露之董事、管理層股東及主要股東外，董事並不知悉於二零零九年十二月三十一日，任何人士有權於本公司股東大會上行使或控制5%或以上投票權，及其可實際上指揮或影響本公司之管理層。

22 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Report of the Directors 董事報告書

PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES

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

COMPETING INTERESTS

None of the directors or the management shareholders of the Company and their respective associates (as defined in the GEM Listing Rules) had an interest in a business, which competes with the Company or may compete with the business of the Group.

DIRECTORS

The directors of the Company for the period from 1 January 2009 to the date of this report were:

Executive Directors

Hung Yung Lai (Chairman) Cui Jian Xu Shu Yi

Independent Non-Executive Directors

Pao Ping Wing Tam Kwok Hing Lo King Man

In accordance with Article 87 of the Company’s Bye-Laws, Mr. Cui Jian and Mr. Tam Kwok Hing will retire from office by rotation at the forthcoming annual general meeting and, being eligible, offers himself for re-election. Mr. Hung Yung Lai, the Chairman, will also retire from office and offer himself for reelection in view of the provisions in paragraph A.4.2. of the Appendix 15 of the GEM Listing Rules.

購買、出售或贖回本公司之上市證券

於本呈報年度，本公司或其任何附屬公司概無購買、出售或贖回本公司之上市證券。

可競爭的權益

本公司董事、管理層股東及其各自的聯繫人（定義見創業板上巿規則），概無於可與本集團業務相競爭或可能會相競爭的業務持有權益。

董事

由二零零九年一月一日至本報告書日期本公司董事：

執行董事

熊融禮（主席）崔堅徐舒藝

獨立非執行董事

浦炳榮談國慶盧景文

根據本公司公司細則第87條，崔堅先生及談國慶先生將於即將舉行之股東周年大會中輪流退任，惟願膺選連任。因應上市規則附錄 15第A.4.2段規條，本公司主席熊融禮先生亦將告退並願膺選連任。

Annual Report 2009 23 二零零九年年報

Report of the Directors 董事報告書

DIRECTORS’ SERVICE CONTRACTS

Each of the executive directors has entered into a service contract with the Company for a term of 3 years from their appointment dates.

Each of the independent non-executive directors was appointed for a period of two years commencing from their appointment dates.

None of the directors who are proposed for re-election at the forthcoming annual general meeting has a service contract with the Company which is not terminable within one year without payment of compensation, other than statutory compensation.

DIRECTORS’ INTERESTS IN CONTRACTS AND CONTROLLING SHAREHOLDERS’ INTERESTS IN CONTRACTS

Save as disclosed in note 28 of the notes to the financial statements, no contracts of significance in relation to the Group’s business to which the Company was a party and in which a director of the Company or a controlling shareholder or any of its subsidiaries, had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year.

CONNECTED TRANSACTIONS

Save as disclosed in note 28 of the notes to the financial statements, the connected transactions are exempted from the reporting, announcement and shareholders’ approval requirement pursuant to the GEM Listing Rule 20.23.

董事服務合約

各執行董事均與本公司簽訂服務合約，由委任日期起計為期三年。

各獨立非執行董事的任期由委任日期起計為期兩年。

擬於即將召開之股東週年大會上連任之董事並無與本公司訂立不可於一年內免賠償（除法定賠償外）予以終止之服務合約。

董事合約權益及控股股東合約權益

董事合約權益及控股股東合約權益詳情載於財務報表附註28。於呈報年度，概無有關本集團業務（其中本公司為其中一方），而本公司董事或控股股東或其任何附屬公司，無論直接或間接擁有重大權益之重大合約存在。

關聯交易

關聯交易詳情載於財務報表附註28。本集團之關聯交易按創業板上市規則第20.23條獲豁免遵守有關申報，公告及股東批准之規定。

24 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Report of the Directors 董事報告書

MANAGEMENT CONTRACTS

No contracts concerning the management and administration of the whole or any substantial part of the business of the Company were entered into or existed during the year.

AUDITORS

The financial statements for the year ended 31 December 2009 were audited by K.M. Choi & Au Yeung Limited who retire and, being eligible, offer themselves for re-appointment.

On behalf of the Board

Hung Yung Lai

Chairman

Hong Kong, 26 March 2010

管理層合約

於呈報年內，概無簽訂或存在任何本公司業務之整體或任何重要部份之有關管理及行政之合約。

核數師

截至二零零九年十二月三十一日止年度之財務報表經蔡國文歐陽會計師事務所有限公司審核，其將任滿告退並符合資格膺選連任。

代表董事會

主席

熊融禮

香港，二零一零年三月二十六日

Annual Report 2009 25 二零零九年年報

Corporate Governance Report 企業管治報告書

CORPORATE GOVERNANCE PRACTICES

企業管治常規

The board of directors of the Company believes that corporate governance is essential to the success of the Company and has adopted various measures to ensure that a high standard of corporate governance is maintained. The Company has applied the principles and complied with the requirements set out in the Code on Corporate Governance Practices (“CG code”) contained in Appendix 15 of the GEM listing Rules.

本公司董事會深信企業管治為本公司成功的關鍵，並已採取各項措拖，以確保維持高標準的企業管治。本公司已採用並遵守創業板上市規則所載企業管治常規守則中附錄十五所載之條文。

DIRECTORS’ SECURITIES TRANSACTIONS

董事進行之證券交易

The Company has adopted the code of conduct regarding directors’ securities transactions during the twelve months ended 31 December 2009 as set out in GEM Listing Rules 5.48 to 5.67. The Company has made specific enquiry of all the Directors and the Company was not aware of any noncompliance with the required standard of dealings regarding the securities transactions by Directors.

截至二零零九年十二月三十一日止十二個月期間，本公司已遵守創業板上市規則第5.48 至5.67條（如適用）有關董事進行證券交易之規定。本公司已向全體董事作出特定查詢，本公司並不知悉有任何不遵守有關董事進行證券交易所需之處理規定。

BOARD OF DIRECTORS

董事會

The board of directors of the Company comprises:

本公司董事會成員包括：

Executive Directors	:	Hung Yung Lai	執行董事	：	熊融禮
	:	Cui Jian		：	崔堅
	:	Xu Shu Yi		：	徐舒藝
Independent Non-executive	:	Pao Ping Wing	獨立非執行董事	：	浦炳榮
Directors	:	Tam Kwok Hing		：	談國慶
	:	Lo King Man		：	盧景文

26 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Corporate Governance Report 企業管治報告書

BOARD OF DIRECTORS (Continued)

董事會（續）

During the year, five full board meetings were held and the attendance of each director is set out as follows:

年內，本公司召開五次全體董事會會議、各董事的出席率如下：

attendance of each director i	s set out as follows:	董事的出席率如下：
		Number of
		Board meetings	Attendance
Name of director		attended in 2009	rate
		二零零九年出席
董事姓名		董事會會議次數	出席率
Hung Yung Lai	熊融禮	5/5	100%
Cui Jian	崔堅	5/5	100%
Xu Shu Yi	徐舒藝	4/5	80%
Pao Ping Wing	浦炳榮	4/5	80%
Tam Kwok Hing	談國慶	4/5	80%
Lo King Man	盧景文	3/5	60%

The board formulates overall strategy of the Group, monitors its financial performance and maintains effective oversight over the management. The board members are fully committed to their roles and have acted in good faith to maximize the shareholders’ value in the long run, and have aligned the Group’s goals and directions with the prevailing economic and market conditions. Daily operations and administration are delegated to the management.

董事會制定集團整體發展策略、監控其財務表現及保持對管理層的有效監督，董事會成員均盡忠職守，並善意地以增加股東長遠最大價值行事，以及把集團的目的及發展方向與目前經濟及市場環境配合。日常運作及管理則交託管理層負責。

The directors are also responsible for overseeing the preparation of financial statements of each financial period, which give a true and fair view of the state of affairs of the Group and of the results and cash flow for the period. Although the Group had net current liabilities as at 31 December 2009, the Board does not foresee any material uncertainties that may cast significant doubt upon the Group’s ability to continue as a going concern, the Board therefore continues to adopt the going concern approach in preparing the financial statements.

董事亦負責監督每個財政期間會計脹目的編製，以真實和公平地反映該期間本集團財政狀況及業績與現金流量。雖然本集團於二零零九年十二月三十一日呈報淨流動負債，董事會並不預見任何重大不確定因素會對本集團的持續經營能力投下重大疑惑，因此，董事會仍然採用持續經營基準編製賬目。

Annual Report 2009 27 二零零九年年報

Corporate Governance Report 企業管治報告書

CHAIRMAN AND CHIEF EXECUTIVE OFFICER

主席及行政總裁

The Chairman of the Company is Mr. Hung Yung Lai. The roles of the Chairman and the Chief Executive Officer are segregated and assumed by two separate individuals who have no relationship with each other. The Chairman of the board is responsible for the leadership and effective running of the board, while the Chief Executive Officer is delegated with the authorities to manage the business of the Group in all aspects effectively.

本公司主席為熊融禮先生。主席與行政總裁的角色是分開的，由兩位獨立個體承擔，他們之間沒有任何關係。董事會主席負責領導工作，確保董事會有效地運作，而行政總裁則獲授予權力有效地管理本集團各方面的業務。

Under the code provision A.2.1 of the CG Code, the roles of chairman and chief executive officer should be separate and should not be performed by the same individual. The division of responsibilities between the chairman and chief executive officer should be clearly established and set out in writing. Subsequent to the resignation of Mr. Chan Kam Fai, no replacement of the post of the chief executive officer has been fixed as at 31st December 2009. The Board strives to find the suitable candidates within and outside the Group. The Board will keep reviewing the current structure from time to time. If candidate with suitable knowledge, skills and experience is identified, the Company will make appointment to fill the post of chief executive officer as appropriate.

根據企業管治守則第A.2.1條之守則條文，主席與行政總裁的角色應有區分，並不應由一人同時兼任。主席與行政總裁之間職責應清楚界定並以書面列載。自陳錦輝先生辭任之後，截至二零零九年十二月三十一日止，行政總裁職位一直懸空。董事會將努力於集團內外發掘合適人選。董事會將繼續不時檢討目前的架構，若發現具備適當知識、技能及經驗的人選，本公司將於適當時間作出委任以填補以上職位之空缺。

INDEPENDENT NON-EXECUTIVE DIRECTORS

獨立非執行董事

Independent non-executive directors were appointed for a period of two years commencing from their appointment dates. The Company has received annual confirmation of independence from the three Independent Non-executive Directors in accordance with rule 5.09 of the GEM Listing Rules. The Board has assessed their independence and concluded that all the Independent Non-executive Directors are independent within the definition of the GEM Listing Rules.

各獨立非執行董事的任期由委任日期起計為期兩年。本公司已接獲該三名獨立非執行董事根據創業板上市規則第5.09條發出之年度獨立性確認書。董事會已評估彼等之獨立性，並確定全體獨立非執行董事均屬創業板上市規則所界定之獨立人士。

REMUNERATION OF DIRECTORS

董事薪酬

The Remuneration Committee was formed in November 2005 to review the overall remuneration of Directors. One meeting was held during the year and attendance of each member is set out as follows:

薪酬委員會成立於二零零五年十一月，負責檢討及制定董事薪酬。以下是會議次數及各成員的出席率：

28 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Corporate Governance Report 企業管治報告書

REMUNERATION OF DIRECTORS (Continued) 董事薪酬（續）

		Number of	Attendance
Name of member		meetings attended	rate
成員		出席會議次數	出席率
Hung Yung Lai, Chairman	熊融禮，主席	1/1	100%
Pao Ping Wing	浦炳榮	1/1	100%
Tam Kwok Hing	談國慶	1/1	100%
Lo King Man	盧景文	1/1	100%

At the meeting held, remuneration of directors for the Company was reviewed and discussed.

於會議上，各成員曾對董事薪酬進行討論及審閱。

AUDITORS’ REMUNERATION

核數師酬金

During the year under review, the remuneration paid to the Company’s auditors, K.M. Choi & Au Yeung Limited, is set out as follows:

年內，本公司付核數師蔡國文歐陽會計師事務所有限公司的酬金如下：

Services rendered		Fees paid/payable
提供的服務		已付╱應付費用
		HKD’000
		港幣千元
Audit services	核數服務	320
Non audit services i.e. taxation	非核數服務（即稅務）	0
		320

INTERNAL CONTROL

內部監控

The Company has conducted a review on the effectiveness and adequacy of the Group’s internal control system during the year. The Company convened meetings periodically to discuss financial, operational and compliance controls and risk management functions. The Directors are of the view that the key areas of the Group’s internal control system are reasonably implemented with rooms for improvement. The Group will use its endeavor to implement changes in order to further improve the Group’s internal control system.

年內，本公司已審核本集團之內部監控系統的有效性和充足性。本公司定期召開會議討論財務監控、營運監控及合規監控，以及風險管理功能。董事認為，本集團內部監控系統之主要範疇已獲合理推行，惟仍有改善空間。本集團將盡最大努力推行變動，務求進一步改善本集團之內部監控系統。

Annual Report 2009 29 二零零九年年報

Corporate Governance Report 企業管治報告書

AUDIT COMMITTEE

審核委員會

The Company has established an audit committee on 27 August 2001, with terms of reference in compliance with the requirements as set out in Rules 5.28 to 5.33 of the GEM Listing Rules. The primary duties of the audit committee are to review and supervise the financial reporting process and internal control procedures of the Group and to provide advice and comments to the Board.

本公司於二零零一年八月二十七日成立審核委員會，並按創業板上市規則第5.28至5.33 條的規定以書面釐定其職權範圍。審核委員會的主要責任是檢討及監察本集團的財務呈報程序及內部監控制度，並向董事會提供建議及意見。

The Audit Committee of the Company comprises three Independent Non-executive Directors. Four meetings were held during the year and the attendance of each member is set out as follows:

本公司的審核委員會包括三位獨立非執行董事。審核委員會於年內舉行了四次會議，各成員的出席率如下：

		Number of	Attendance
Name of member		meetings attended	rate
成員		出席會議次數	出席率
Mr. Pao Ping Wing	浦炳榮	4/4	100%
Mr. Tam Kwok Hing	談國慶	4/4	100%
Mr. Lo King Man	盧景文	3/4	75%

During the meetings held, financial results of the Company was reviewed and discussed.

於會議上，各成員曾對本集團的財務報告進行討論及審閱。

30 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Independent Auditor’s Report 獨立核數師報告

==> picture [201 x 41] intentionally omitted <==

Independent auditor’s report to the members of Sing Lee Software (Group) Limited

(Incorporated in Bermuda with limited liability)

獨立核數師報告致新利軟件（集團）股份有限公司

（於百慕達註冊成立之有限公司）

We have audited the consolidated financial statements of Sing Lee Software (Group) Limited (the “Company”) and its subsidiaries (together referred to as the “Group”) set out on pages 34 to 120, which comprise the consolidated statement of financial position as at 31 December 2009, and the consolidated statement of 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 notes.

本核數師（以下簡稱「吾等」）已審核第34至 120頁所載之新利軟件（集團）股份有限公司（「貴公司」）及其附屬公司（統稱（貴集團」）綜合財務報表，當中包括於二零零九年十二月三十一日之綜合及公司財務狀況表、以及截至該日止年度之綜合全面收益表、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。

DIRECTORS’ RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS

董事就綜合財務報表須承擔的責任

The directors of the Company are responsible for the preparation and the true and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards and the disclosure requirements of the Hong Kong Companies Ordinance. This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and the true and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

貴公司董事有責任根據國際財務報告準則及香港《公司條例》之披露規定編製及公平地列報該等綜合財務報表。此責任包括設計、實施及維護與編製及公平地列報財務報表有關的內部監控，以使財務報表不存在由於欺詐或錯誤而導致的重大錯誤陳述；選擇和應用適當的會計政策；及按情況作出合理的會計估計。

Annual Report 2009 31 二零零九年年報

Independent Auditor’s Report 獨立核數師報告

AUDITOR’S RESPONSIBILITY

核數師的責任

Our responsibility is to express an opinion on these consolidated financial statements based on our audit. 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 as to whether the financial statements are free from material misstatement.

吾等之責任乃根據吾等之審核，對該等綜合財務報表作出意見。吾等已根據國際核數準則進行審核。該等準則要求吾等遵守道德規定以計劃及進行審核，以合理確定此等財務報表內是否不存有任何重大錯誤陳述。

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 judgement, 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 and the true and fair presentation of the consolidated financial statements 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 financial statements.

審核包括進行程序以取得與綜合財務報表所載金額及披露事項有關的審核憑證。選取的該等程序須視乎核數師的判斷，包括評估由於欺詐或錯誤而導致綜合財務報表存有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及公平地列報綜合財務報表相關的內部監控，以設計適當的審核程序，但並非為對公司的內部監控效能發表意見。審核亦包括評價董事所採用的會計政策的合適性及所作出的會計估計的合理性，以及評價財務報表的整體列報方式。

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

吾等相信，吾等所獲得的審核憑證乃充足和適當地為吾等之審意見提供基礎。

32 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Independent Auditor’s Report 獨立核數師報告

OPINION

意見

In our opinion, the consolidated financial statements give a true and fair view of the state of affairs of the Group as at 31 December 2009 and of the Group’s profit and cash flows for the year then ended in accordance with International Financial Reporting Standards and have been properly prepared in accordance with the disclosure requirements of the Hong Kong Companies Ordinance.

吾等認為，根據國際財務報告準則，綜合財務報表真實公平地反映貴公司及貴集團於二零零九年十二月三十一日之財務狀況，以及貴集團截至該日止年度之集團盈利及現金流量，並且已根據香港公司條例之披露規定妥善編製。

Without qualifying our opinion, we draw attention to note 3(a) to the financial statements which indicates that the Company reported net current liabilities of approximately RMB6,063,000 and net liabilities of approximately RMB6,050,000 and the Group reported consolidated net current liabilities of approximately RMB3,194,000. These conditions, along with other matters as set forth in note 3(a), indicate the existence of a material uncertainty which may cast significant doubt on the Company’s and the Group’s ability to continue as a going concern.

在並無作出保留意見之前題下，謹請留意財務報表附註3(a)，當中顯示貴公司呈報流動負債淨額約人民幣6,063,000元及負債淨額約人民幣6,050,000元，而貴集團則呈報綜合流動負債淨額約人民幣3,194,000元。這些情況加上附註3(a)所載之其他事宜顯示存在重大不明朗因素，可能令貴公司及貴集團之持續經營產生疑問。

OTHER MATTERS

其他事項

This report, including the opinion, has been prepared for and only for you, as a body, in accordance with Section 90 of the Companies Act 1981 of Bermuda and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.

本報告包括意見，乃按照百慕達一九八一年公司法第90條向整體作出報告，除此之外本報告並無其他用途。吾等不會就本報告之內容向任何其他人士承擔或負上任何責任。

K.M. Choi & Au Yeung Limited

Certified Public Accountants Hong Kong, 26 March 2010

蔡國文歐陽會計師事務所有限公司 執業會計師香港，二零一零年三月二十六日

Choi Kwok Man

Practising certificate no.: P01777

蔡國文 執業證書號碼：P01777

Annual Report 2009 33 二零零九年年報

Consolidated Statement of Comprehensive Income 綜合全面收益表 For the year ended 31 December 2009 截至二零零九年十二月三十一日止年度 (Expressed in Renminbi) （以人民幣為單位）

			2009	2008
			二零零九年	二零零八年
		Note	RMB’000	RMB’000
		附註	人民幣千元	人民幣千元
Continuing operations	持續經營業務
Revenue	銷售收入	5	41,417	18,214
Cost of sales	銷售成本		(31,049 )	(12,378 )
Gross profit	毛利		10,368	5,836
Other operating income	其他經營收入	6	2,130	1,182
Distribution costs	分銷成本		(1,943 )	(2,948 )
Administrative expenses	管理費用		(8,729 )	(7,495 )
Finance costs	融資成本	7	(524 )	(815 )
Profit/(loss) before taxation	除稅前盈利╱（虧損）	8	1,302	(4,240 )
Taxation	稅項	9	–	–
Profit/(loss) for the year from	本年度持續經營
continuing operations	業務之盈利╱（虧損）		1,302	(4,240 )
Discontinued operations	已終止經營業務		–	–
Profit/(loss) for the year	本年度盈利╱（虧損）		1,302	(4,240 )

Other comprehensive income	其他全面收入
Exchange differences on translating	換算海外業務產生
foreign operations	之匯兌差額		1,416	657
Other comprehensive income	本年度其他全面收入，
for the year, net of tax	除稅後		1,416	657
Total comprehensive income/(loss)	本年度全面收益╱
for the year	（虧損）總額		2,718	(3,583 )

			RMB	RMB
			人民幣（仙）	人民幣（仙）
Earnings/(loss) per share	每股盈利╱（虧損）	13
From continuing operations	來自持續經營業務
Basic (cents per share)	基本		0.20	(0.65 )
Diluted (cents per share)	攤薄		N/A不適用	N/A不適用

The notes on pages 39 to 120 form part of these financial 第39至第120頁所載的附註為財務報表之一 statements. 部分。

34 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Statement of Financial Position 財務狀況表

As at 31 December 2009 於二零零九年十二月三十一日 (Expressed in Renminbi) （以人民幣為單位）

			The Group	The Group	The Company	The Company
			本集團		本公司
			2009	2008	2009	2008
			二零零九年	二零零八年	二零零九年	二零零八年
		Note	RMB’000	RMB’000	RMB’000	RMB’000
		附註	人民幣千元	人民幣千元	人民幣千元	人民幣千元
Non-current assets	非流動資產
Property, plant and equipment	不動產、廠房及設備	14	458	750	13	2
Intangible assets	無形資產	15	4,886	7,504	–	–
Investments in subsidiaries	對附屬公司之投資	16	–	–	–	–
			5,344	8,254	13	2
Current assets	流動資產
Inventories	存貨	17	4,922	5,314	4,872	5,123
Trade and other receivables	應收貿易及其他賬款	18	21,103	8,991	8,398	8,438
Cash and cash equivalents	現金及現金等價物	19	5,063	2,821	269	181
			31,088	17,126	13,539	13,742
Current liabilities	流動負債
Loans and other borrowings	貸款及其他借款	20	18,551	16,805	18,551	16,805
Trade and other payables	應付貿易及其他賬款	21	15,490	8,723	1,051	8,002
Deferred income	遞延收入	22	241	420	–	–
			(34,282 )	(25,948 )	(19,602 )	(24,807 )
Net current liabilities	流動負債淨額		(3,194 )	(8,822 )	(6,063 )	(11,065 )
Net assets/(liabilities)	資產╱（負債）淨值		2,150	(568 )	(6,050 )	(11,063 )

Capital and reserves	資本及儲備
Share capital	股本	23	6,827	6,827	6,827	6,827
Reserves	儲備	24	(4,677 )	(7,395 )	(12,877 )	(17,890 )
Capital surplus/(deficiency)	資本盈餘╱（不足額）		2,150	(568 )	(6,050 )	(11,063 )

Approved and authorised for issue by the Board of Directors 經董事會於二零一零年三月二十六日批准及 on 26 March 2010 授權刊發

Hung Yung Lai Chairman 主席 熊融禮

Xu Shu Yi Director 董事 徐舒藝

The notes on pages 39 to 120 form part of these financial 第39至第120頁所載的附註為財務報表之一 statements. 部分。

Annual Report 2009 35 二零零九年年報

Consolidated statement of changes in equity 綜合權益變動表

For the year ended 31 December 2009 截至二零零九年十二月三十一日止年度 (Expressed in Renminbi) （以人民幣為單位）

			Attributable to equity	Attributable to equity	holders of the Company	holders of the Company
				本公司權益持有人應佔
				Statutory
		Share	Share	surplus	Exchange Accumulated
		capital	premium	reserve	reserve	losses	Total
				法定
		股本	股本溢價	盈餘儲備	匯兌儲備	累積虧損	合計
		RMB’000	RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元	人民幣千元	人民幣千元
At 1 January 2008	於二零零八年
	一月一日	6,271	58,148	3,613	3,144	(83,220 )	(12,044 )
Loss for the year	本年度虧損	–	–	–	–	(4,240 )	(4,240 )
Other comprehensive income	本年度其他全面收入，
for the year, net of tax	除稅後	–	–	–	657	–	657
Total comprehensive loss	本年度全面虧損總額
for the year		–	–	–	657	(4,240 )	(3,583 )
Issue of ordinary shares	於本年度發行
during the year	普通股股份	556	14,503	–	–	–	15,059
At 31 December 2008 and	於二零零八年
1 January 2009	十二月三十一日及
	二零零九年
	一月一日	6,827	72,651	3,613	3,801	(87,460 )	(568 )
Profit for the year	本年度盈利	–	–	–	–	1,302	1,302
Other comprehensive income	本年度其他全面收入，
for the year, net of tax	除稅後	–	–	–	1,416	–	1,416
Total comprehensive income	本年度全面收益總額
for the year		–	–	–	1,416	1,302	2,718
At 31 December 2009	於二零零九年
	十二月三十一日	6,827	72,651	3,613	5,217	(86,158 )	2,150

The notes on pages 39 to 120 form part of these financial 第39至第120頁所載的附註為財務報表之一 statements. 部分。

36 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Consolidated statement of cash flows 綜合現金流量表

For the year ended 31 December 2009 截至二零零九年十二月三十一日止年度 (Expressed in Renminbi) （以人民幣為單位）

			2009	2008
			二零零九年	二零零八年
		Note	RMB’000	RMB’000
		附註	人民幣千元	人民幣千元
Cash flows from operating activities:	經營業務現金流量
Profit/(loss) before taxation	除稅前盈利╱（虧損）		1,302	(4,240 )
Adjustments for:	調整：
(Profit)/loss on disposal of property,	出售不動產、廠房及
plant and equipment	設備之（盈利）╱虧損		(23 )	7
Depreciation	折舊		385	462
Amortisation	攤銷		2,618	–
Borrowing costs	融資成本		493	791
Bank interest income	銀行利息收入		(20 )	(37 )
Operating profit/(loss) before changes	營運資金變動前的
in working capital	經營盈利╱（虧損）		4,755	(3,017 )
Decrease in inventories	存貨減少		392	777
(Increase)/decrease in trade and	應收貿易賬款及其他
other receivables	應收款（增加）╱減少		(12,112 )	2,045
Increase/(decrease) in trade and	應付貿易賬款及其他
other payables	應付款增加╱（減少）		6,767	(10,137 )
Decrease in deferred income	遞延收入減少		(179 )	(250 )
Net cash used in operating activities	經營活動所用之現金淨額		(377 )	(10,582 )
Cash flows from investing activities	投資活動之現金流量
Bank interest income	銀行利息收入		20	37
Proceeds from sale of property,	出售不動產、廠房及
plant and equipment	設備收入		51	46
Acquisition of property,	收購不動產、
plant and equipment	廠房及設備	14	(121 )	(437 )
Acquisition of intangible assets	無形資產支出		–	(1,400 )
Net cash used in investing activities	投資活動所用之現金淨額		(50 )	(1,754 )

The notes on pages 39 to 120 form part of these financial statements.

第39至第120頁所載的附註為財務報表之一部分。

Annual Report 2009 37 二零零九年年報

Consolidated statement of cash flows 綜合現金流量表

For the year ended 31 December 2009 截至二零零九年十二月三十一日止年度 (Expressed in Renminbi) （以人民幣為單位）

			2009	2008
			二零零九年	二零零八年
		Note	RMB’000	RMB’000
		附註	人民幣千元	人民幣千元
Cash flows from financing activities	融資活動之現金流量
Proceeds from loans and borrowings	貸款及借貸所得款項		1,746	–
Proceeds from issue of ordinary shares	發行股份所得款項		–	556
Proceeds from share premium	股份溢價所得款項		–	14,503
Repayment of loan and borrowings	償還貸款及借貸		–	(8,396 )
Interest paid	已付利息		(493 )	(791 )
Net cash generated from	融資活動所產生之
financing activities	現金淨額		1,253	5,872
Net increase/(decrease) in cash and	現金及現金等價物之
cash equivalents	增加╱（減少）淨額		826	(6,464 )
Cash and cash equivalents at	於一月一日之現金及
1 January	現金等價物		2,821	8,628
Exchange difference on translation of	換算外國實體財務報表
financial statements of foreign entities	之匯兌差額		1,416	657
Cash and cash equivalents at	於十二月三十一日之
31 December	現金及現金等價物	19	5,063	2,821

The notes on pages 39 to 120 form part of these financial statements.

第39至第120頁所載的附註為財務報表之一部分。

38 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

1. GENERAL INFORMATION

1. 一般資料

Sing Lee Software (Group) Limited (the “Company”) was incorporated as an exempted company with limited liability in Bermuda on 27 October 2000 under the Companies Act 1981 of Bermuda and its shares were listed on the Growth Enterprise Market (the “GEM”) of The Stock Exchange of Hong Kong Limited. The addresses of the registered office and principal place of business of the Company are disclosed in the “Corporate Information” section to the annual report.

新利軟件（集團）股份有限公司（「本公司」）於二零零零年十月二十七日依據百慕達一九八一年公司法在百慕達註冊成立為一間獲豁免有限公司，其股份於香港聯合交易所有限公司創業板（「創業板」）上市。本公司註冊辦事處地址及主要營業地點之地址於年報「公司資料」一節披露。

The consolidated financial statements of the Company as at and for the year ended 31 December 2009 comprise the Company and its subsidiaries (together referred to as the “Group”). The Group is principally engaged in the businesses of development, manufacture and sale of software products, sale of related hardware products and the provision of software-related technical support services.

本公司於二零零九年十二月三十一日及截至該日止年度之綜合財務報表包括本公司及其附屬公司（統稱「本集團」）。本集團主要從事軟件產品開發、製造及銷售、銷售相關硬件產品及提供軟件相關技術支援服務等業務。

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs)

2. 採納新訂及經修訂國際財務報告準則

The International Accounting Standards Board (“IASB”) has issued a number of new and revised standards, amendments and interpretations that are first effective or available for early adoption for the current accounting period of the Group.

國際會計準則委員會已頒佈若干新訂及經修訂準則、修訂本及詮釋於本集團本會計期間首次生效或可提前採納。

The Group has also adopted the following new and revised standards, amendments and interpretations during the year. The adoption of these standards, amendments and interpretations has not led to any changes in the Group’s accounting policies. There are:

年內，本集團亦已採納以下新訂及經修訂準則、修訂本及詮釋。採納該等準則、修訂本及詮釋並無對本集團之會計政策構成任何影響。包括：

IFRIC 15, “Agreement for the Construction of Real Estate”;

國際財務報告詮釋委員會第15號，「不動產工程之協議」；

Annual Report 2009 39 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) (Continued)

2. 採納新訂及經修訂國際財務報告準則（續）

IFRIC 17, “Distributions of Non-cash Assets to Owners”;

國際財務報告詮釋委員會第17號，「分配非現金資產予擁有人」；

IFRIC 18, “Transfers of Assets from Customers”;

國際財務報告詮釋委員會第18號，「客戶資產之轉入」；

IFRS 1 (Revised), “First-time Adoption of International Financial Reporting Standards” – Amendment relating to cost of an investment on first-time adoption;

國際財務報告準則第1號（經修訂），「首次採納國際財務報告準則」–首次採納時與投資成本有關之修訂；

IFRS 1 (Revised), “First-time Adoption of International Financial Reporting Standards” – Revised and restructured;

國際財務報告準則第1號（經修訂），「首次採納國際財務報告準則」－經修訂及重列；

IFRS 2 (Revised), “Share-based Payment” – Amendment relating to vesting conditions and cancellations;

國際財務報告準則第2號（經修訂），「以股份為基礎支付」－與歸屬條件及註銷有關之修訂；

IFRS 2 (Revised), “Share-based Payment” – Amendments resulting from April 2009 Annual Improvements to IFRSs;

國際財務報告準則第2號（經修訂），「以股份為基礎支付」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本；

IFRS 3 (Revised), “Business Combinations” – Comprehensive revision on applying the acquisition method;

國際財務報告準則第3號（經修訂），「企業合併」－就採用收購法作出全面修訂；

IFRS 5 (Revised), “Non-current Assets Held for Sale and Discontinued Operations” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際財務報告準則第5號（經修訂）；「持作銷售之非流動資產及已終止經營業務」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

40 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) (Continued)

2. 採納新訂及經修訂國際財務報告準則（續）

IFRS 7 (Revised), “Financial Instruments: Disclosures” – Amendments enhancing disclosures about fair value and liquidity risk;

國際財務報告準則第7號（經修訂），「金融工具：披露」－增加有關公允值及流動資金風險披露內容之修訂；

IFRS 8, “Operating Segments”;

國際財務報告準則第8號，「營運分部」；

IAS 1 (Revised), “Presentation of Financial Statements” – Comprehensive revision including requiring a statement of comprehensive income;

國際會計準則第1號（經修訂），「財務報表之呈列」－包含編製全面收益表規定在內之全面修訂；

IAS 1 (Revised), “Presentation of Financial Statements” – Amendments relating to disclosure of puttable instruments and obligations arising on liquidation;

國際會計準則第1號（經修訂），「財務報表之呈列」－與披露可沽售工具及清盤產生之責任有關之修訂；

IAS 1 (Revised), “Presentation of Financial Statements” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第1號（經修訂），「財務報表之呈列」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 16, “Property, Plant and Equipment” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第16號，「不動產、廠房及設備」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 19, “Employee Benefits” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第19號，「僱員福利」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 20, “Government Grants and Disclosure of Government Assistance” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第20號，「政府補貼及政府資助之披露」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

Annual Report 2009 41 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) (Continued)

2. 採納新訂及經修訂國際財務報告準則（續）

IAS 23, “Borrowing Costs” – Comprehensive revision to prohibit immediate expensing;

國際會計準則第23號，「借貸成本」－禁止即時列作支出之全面修訂；

IAS 23, “Borrowing Costs” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第23號，「借貸成本」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 27 (Revised), “Consolidated and Separate Financial Statements” – Consequential amendments arising from amendments to IFRS 3;

國際會計準則第27號（經修訂），「綜合及獨立財務報表」－因國際財務報告準則第3號之修訂本產生之修訂；

IAS 27 (Revised), “Consolidated and Separate Financial Statements” – Amendment relating to cost of an investment on first-time adoption;

國際會計準則第27號（經修訂），「綜合及獨立財務報表」－首次採納時與投資成本有關之修訂；

IAS 27 (Revised), “Consolidated and Separate Financial Statements” – Amendment resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第27號（經修訂），「綜合及獨立財務報表」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 28, “Investment in Associates” – Consequential amendments arising from amendments to IFRS 3;

國際會計準則第28號，「於聯營公司之投資」－因國際財務報告準則第3號之修訂本產生之修訂；

IAS 28, “Investment in Associates” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第28號，「於聯營公司之投資」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 29, “Financial Reporting in Hyperinflationary Economies” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第29號，「惡性通脹經濟之財務報告」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 31, “Interests in Joint Ventures” – Consequential amendments arising from amendments to IFRS 3;

國際會計準則第31號，「於合營企業之權益」－因國際財務報告準則第3號之修訂本產生之修訂；

IAS 31, “Interests in Joint Ventures” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第31號，「於合營企業之權益」－有關二零零八年五月對國際財務報告準則之年度改進產生之修訂本；

42 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) (Continued)

2. 採納新訂及經修訂國際財務報告準則（續）

IAS 32, “Financial Instruments: Presentation” – Amendments relating to puttable instruments and obligations arising on liquidation;

國際會計準則第32號，「金融工具：呈列」－與可沽售工具及清盤產生之責任有關之修訂；

IAS 36, “Impairment of Assets” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第36號，「資產減值」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 38, “Intangible Assets” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第38號，「無形資產」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；

IAS 38, “Intangible Assets” – Amendments resulting from April 2009 Annual Improvements to IFRSs;

國際會計準則第38號，「無形資產」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本；

IAS 39, “Financial Instruments: Recognition and Measurement” – Amendments resulting from May 2008 Annual Improvements to IFRSs;

國際會計準則第39號，「金融工具：確認及計量」－有關二零零八年五月對國際財務報告準則之年度改進產生之修訂本；

IAS 39, “Financial Instruments: Recognition and Measurement” – Amendments for eligible hedged items;

國際會計準則第39號，「金融工具：確認及計量」－就合資格對沖項目作出修訂；

IAS 39, “Financial Instruments: Recognition and Measurement” – Amendments for embedded derivatives when reclassifying financial instruments;

國際會計準則第39號，「金融工具：確認及計量」－於重新分類金融工具時就內嵌式衍生工具作出修訂；

IAS 40, “Investment Property” – Amendments resulting from May 2008 Annual Improvements to IFRSs; and

國際會計準則第40號，「投資物業」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本；及

IAS 41, “Agriculture” – Amendments resulting from May 2008 Annual Improvements to IFRSs.

國際會計準則第41號，「農業」－有關二零零八年五月對國際財務報告準則之年度改進之修訂本。

Annual Report 2009 43 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) (Continued)

2. 採納新訂及經修訂國際財務報告準則（續）

Up to the date of issue of these financial statements, the IASB has issued a number of amendments, new standards and interpretations which are not yet effective for the year ended 31 December 2009 and which have not been adopted in these financial statements. The following standards, amendments and interpretations were issue but not effective:

截至發佈該等財務報表日期，國際會計準則委員會已頒佈以下，於截至二零零九年十二月三十一日止年度尚未生效且該等財務報表並未採用之修訂本及新訂準則及詮釋。下列準則、修訂本及詮釋為已頒佈但未生效：

IFRIC 19, “Extinguishing Financial Liabilities with Equity Instruments” (effective for annual periods beginning on or after 1 July 2010);

國際財務報告詮釋委員會第19號，「以權益工具消除金融負債」（自二零一零年七月一日或之後起年度開始生效）；

IFRS 1 (Revised), “First-time Adoption of International Financial Reporting Standards” – Amendments relating to oil and gas assets and determining whether an arrangement contains a lease (effective for annual periods beginning on or after 1 January 2010);

國際財務報告準則第1號（經修訂），「首次採納國際財務報告準則」－關於石油及天然氣資產以及釐定一項安排是否包含租約之修訂本（自二零一零年一月一日或之後起年度開始生效）；

IFRS 1 (Revised), “First-time Adoption of International Financial Reporting Standards” – Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (effective for annual periods beginning on or after 1 July 2010);

國際財務報告準則第1號（經修訂），「首次採納國際財務報告準則」－首次採用者毋須按照國際財務報告準則第7號披露比較資料的有限豁免（自二零一零年七月一日或之後起年度開始生效）；

IFRS 2, “Share-based Payment” – Amendments relating to group cash-settled share-based payment transactions (effective from annual periods beginning on or after 1 January 2010);

國際財務報告準則第2號，「以股份為基礎支付」－關於集團以現金結算以股份為基礎付款交易之修訂本（自二零一零年一月一日或之後起年度開始生效）；

IFRS 5 (Revised), “Non-current Assets Held for Sale and Discontinued Operations” – Amendments resulting from April 2009 Annual Improvements to IFRSs (effective for annual periods beginning on or after 1 January 2010);

國際財務報告準則第5號（經修訂），「持作銷售之非流動資產及已終止經營業務」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本（自二零一零年一月一日或之後起年度開始生效）；

IFRS 8, “Operating Segments” – Amendments resulting from April 2009 Annual Improvements to IFRSs (effective for annual periods beginning on or after 1 January 2010);

國際財務報告準則第8號，「營運分部」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本（自二零一零年一月一日或之後起年度開始生效）；

44 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

2. ADOPTION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) (Continued)

2. 採納新訂及經修訂國際財務報告準則（續）

IFRS 9, “Financial Instruments” – Classification and Measurement (effective for annual periods beginning on or after 1 January 2013);

國際財務報告準則第9號，「金融工具」－分類及計量（自二零一三年一月一日或之後起年度開始生效）；

IAS 1 (Revised), “Presentation of Financial Statements” – Amendments resulting from April 2009 Annual Improvements to IFRSs (effective for annual periods beginning on or after 1 January 2010);

國際會計準則第1號（經修訂），「財務報表之呈列」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本（自二零一零年一月一日或之後起年度開始生效）；

IAS 7, “Statement of Cash Flows” – Amendments resulting from April 2009 Annual Improvements to IFRSs (effective for annual periods beginning on or after 1 January 2010);

國際會計準則第7號，「現金流量表」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本（自二零一零年一月一日或之後起年度開始生效）；

IAS 17, “Leases” – Amendments resulting from April 2009 Annual Improvements to IFRSs (effective for annual periods beginning on or after 1 January 2010);

國際會計準則第17號，「租賃」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本（自二零一零年一月一日或之後起年度開始生效）；

IAS 24, “Related Party Disclosures” – Revised definition of related parties (effective for annual periods beginning on or after 1 January 2011);

國際會計準則第24號，「關聯人士披露」－修訂關聯人士之定義（自二零一一年一月一日或之後起年度開始生效）；

IAS 32, “Financial Instruments: Presentation” – Amendments relating to classification of rights issues (effective for annual periods beginning on or after 1 February 2010);

國際會計準則第32號，「金融工具：呈列」－關於供股事項分類之修訂本（自二零一零年二月一日或之後起年度開始生效）；

IAS 36, “Impairment of Assets” – Amendments resulting from April 2009 Annual Improvements to IFRSs (effective for annual periods beginning on or after 1 January 2010); and

國際會計準則第36號，「資產減值」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本（自二零一零年一月一日或之後起年度開始生效）；及

IAS 39, “Financial Instruments: Recognition and Measurement” – Amendments resulting from April 2009 Annual Improvements to IFRSs (effective for annual periods beginning on or after 1 January 2010).

國際會計準則第39號，「金融工具：確認及計量」－有關二零零九年四月對國際財務報告準則之年度改進之修訂本（自二零一零年一月一日或之後起年度開始生效）。

Annual Report 2009 45 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES

3. 主要會計政策

a) Material uncertainties relating to the going concern basis

a) 與持續經營基準有關之重大不明朗因素

At 31 December 2009, the Group had consolidated net current liabilities of approximately RMB3,194,000. At 31 December 2009, the Company had net current liabilities of approximately RMB6,063,000 and net liabilities of approximately RMB6,050,000.

於二零零九年十二月三十一日，本集團有綜合流動負債淨額約人民幣3,194,000元。於二零零九年十二月三十一日，本公司有流動負債淨額約人民幣 6,063,000元及負債淨額約人民幣6,050,000元。

The directors are of the opinion that the Company and the Group are able to continue as a going concern and to meet their obligations in full as and when they fall due. In view of the liquidity problems faced by the Company and the Group, the directors have adopted the following measures with a view to improve the Company’s and the Group’s overall financial and cash flow position and to maintain the Company’s and the Group’s existence on a going concern basis:

本公司董事認為，本公司及本集團可持續經營並全盤承擔到期債務。考慮到本公司及本集團所面對之流動資金問題，董事已採取以下措施，務求改善本公司及本集團之整體財務及現金流狀況，並使本公司及本集團可持續經營：

(i) Attainment of profitable and positive cash flow operations

The directors continue to implement cost control measures over overheads and various general and administrative expenses, and are actively seeking new investment and business opportunities with an aim to attain profitable and positive cash flow operations.

(i) 營運可獲利並錄得正現金流量
- 董事繼續對間接費用及多項一般及行政開支實施成本控制措施，並正積極物色新的投資與商業機會，務求使營運可獲利並錄得正現金流量。
(ii) Ongoing financial support by the controlling shareholder of the Company

Mr. Hung Yung Lai, a director and controlling shareholder of the Company, has undertaken to the Company to provide continuous financial support to the Company and the Group so as to enable the Company and the Group to continue its day-to-day operations as a viable going concern notwithstanding any present or future financial difficulties experienced by the Company and the Group.

(ii) 本公司控股股東的持續財務支持

雖然本公司及本集團經歷任何現有或未來財政困難，本公司的董事兼控股股東熊融禮先生已向本公司承諾為本公司及本集團提供持續財務支持，讓本公司及本集團能夠以持續經營基準繼續其日常營運。

46 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

Notes to the financial statements 財務報表附註

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

a) Material uncertainties relating to the going concern basis (Continued)
a) 與持續經營基準有關之重大不明朗因素（續）

(iii) Additional external funding

The directors are considering various alternatives to strengthen the capital base of the Company and the Group through various fund raising exercises.

(iii) 取得額外外來資金

董事考慮透過多項集資活動以其他方式鞏固本公司及本集團的資本基礎。

In the opinion of the directors, in light of the measures taken to date, together with expected results of other measures in progress, the Company and the Group will have sufficient cash resources to satisfy its future working capital and other financial requirements, and it is reasonable to expect the Company and the Group to return to a commercially viable going concern. Accordingly, the directors are satisfied that it is appropriate to prepare the financial statements on a going concern basis, notwithstanding the Company’s and the Group’s financial and liquidity position as at 31 December 2009.

董事認為，由於現時採取的措施，加上其他擬採取措施的預期效用，本公司及本集團將有足夠現金來源應付其日後之營運資金及其他財務需求及有理由預期本公司及本集團重拾商業持續經營。因此，鑑於本公司及本集團於二零零九年十二月三十一日的財務及流動資金狀況，董事信納以持續經營基準編製財務報表屬適當之舉。

Should the Company and the Group be unable to continue as a going concern, adjustments would have to be made to restate the value of assets to their recoverable amounts, to provide for any further liabilities which might arise and to reclassify non-current assets and liabilities as current assets and liabilities, respectively. The effects of these potential adjustments have not been reflected in the financial statements.

倘若本公司及本集團未能繼續以持續經營基準營運，需作出調整以重列資產價值至其可收回金額、為可能產生的任何其他負債撥備及分別將非流動資產及負債重新分類為流動資產及負債。該等可能調整的影響並無於財務報表內反映。

b) Statement of compliance

b) 遵例聲明

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRSs”). These financial statements also comply with the disclosure requirements of the Hong Kong Companies Ordinance and the applicable disclosure provisions of the GEM.

本綜合財務報表乃按照國際財務報告準則（「國際財務報告準則」）編製。該等財務報表亦符合香港公司條例的披露規定及創業板之適用披露條文。

Annual Report 2009 47 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

c) Basis of preparation

c) 編製基準

The financial statements have been prepared on the historical cost basis except for the revaluation of certain non-current assets and financial instruments. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

財務報表乃根據歷史成本法（除重估若干非流動資產及金融工具外）編製而成。歷史成本乃一般根據匯兌資產之代價之公允值計算。

The principal accounting policies are set out below.

主要會計政策請見下文。.

d) Basis of consolidation

d) 綜合基準

The consolidated financial statements incorporate the financial statements of the Company and entities (including special purpose entities) controlled by the Company (its subsidiaries). Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

本綜合財務報表包含本公司及由本公司控制之實體（包括特定用途實體）－（其附屬公司）之財務報表。達至控制是指本公司有能力支配實體之財政及營運政策並從其業務獲得利益。

The results of subsidiaries acquired or disposed of during the year are included in the consolidated statement of comprehensive income from the effective date of acquisition and up to the effective date of disposal, as appropriate.

於年內收購或出售附屬公司，其業績已按有效收購日期或直至其有效出售日期（如適用）計入於綜合全面收益表內。

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

如有需要，附屬公司之財務報表已作出調整，以符合本集團其他成員之會計政策。

All intra-group transactions, balances, income and expenses are eliminated in full on consolidation.

所有集團內公司間之交易、結餘、收入及支出均於綜合時全數對銷。

48 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

d) Basis of consolidation (Continued)

d) 綜合基準（續）

Non-controlling interest in subsidiaries are identified separately from the Group’s equity therein. The interests of non-controlling shareholders may be initially measured either at fair value or at the noncontrolling interests’ proportionate share of the fair value of the acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition, the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance.

附屬公司之非控股權益及本集團之權益乃各自申明。非控股權益股份持有人可能初步按公允值或非控股權益於應佔被收購公司可識別資產淨值之公允值值比例計量。計量基準之選擇根據交易基準進行。收購完成後，非控股權益之賬面值為該等權益於初步確認之金額及權益變更後之非控股權益股份。倘附全面收益歸屬於非控股權益會產生虧絀餘額，全面收益仍須歸屬於非控股權益。

Changes in the Group’s interests in subsidiaries that do not result in a loss of control are accounted for as equity transactions. The carrying amounts of the Group’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to owners of the Company.

本集團於附屬公司權益變動而無導致控制權之損失者均作為權益交易入賬。本集團之權益及非控股權益之賬面值經調整以反映彼等於附屬公司之有關權益變動。非控股權益之金額與已付或已收代價之公允值間之任何差額直接於權益中確認並歸屬於本公司擁有人。

Annual Report 2009 49 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

d) Basis of consolidation (Continued)

d) 綜合基準（續）

When the Group loses control of a subsidiary, the profit or loss on disposal 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. Amounts previously recognised in other comprehensive income in relation to the subsidiary are accounted for (i.e. reclassified to profit or loss or transferred directly to retained earnings) in the same manner as would be required if the relevant assets or liabilities were disposed of. The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IAS 39 Financial Instruments: Recognition and Measurement or, when applicable, the cost on initial recognition of an investment in an associate or jointly controlled entity.

倘本集團失去對附屬公司之控制權，出售時產生之溢利及虧損乃根據(i)已收代價之公允值及任何保留權益之公允值之總合及(ii)附屬公司及任何非控股權益之資產（包括商譽）及負債之過往賬面值之差額計算。倘出售相關資產或負債，先前於其他關於附屬公司之全面收益表確認之金額須以同樣方式入賬（即重新劃分溢利或虧損或直接轉撥至保留盈利）。於控制權失去當日於前附屬公司保留之任何投資公允值被視為根據國際會計準則第39號－金融工具：確認及計量（倘適用）初步確認隨後入賬時之公允值、初步確認於聯營公司或共同控制實體之投資成本。

50 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

e) Revenue recognition

e) 收入確認

(i) Sale of goods

Revenue from the sale of goods is recognized when all the following conditions are satisfied:

(i) 貨品銷售貨品銷售收益於符合下列所有條件時確認：
The Group has transferred to the buyer the significant risks and rewards of ownership of the goods. Transfers of risks and rewards vary depending on the individual terms of the contract of sale. Transfer usually occurs when the product is received at the customer’s premises;
本集團已將貨品擁有權之重大風險及回報轉移予買方。風險及回報之轉移取決於銷售合約之個別條款。風險及回報通常於在客戶場所收取產品時轉移；
The Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
本集團並無保留一般與擁有權有關之銷售貨品持續管理權或實際控制權；
The amount of revenue can be measured reliably;
收益金額可以可靠計量；
It is probable that the economic benefits associated with the transaction will flow to the entity; and
與交易相關之經濟利益很可能流入該實體；及
The costs incurred or to be incurred in respect of the transaction can be measured reliably.
有關交易產生或將產生之成本可以可靠計量。

Annual Report 2009 51 二零零九年年報

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

e) Revenue recognition (Continued)

e) 收入確認（續）

(ii) Rendering of services

Revenue from a contract to provide services is recognized by reference to the stage of completion of the contract. Revenue from provision for maintenance and other services is initially recognized as deferred income and is amortised in statement of comprehensive income on a straight line basis over the term of the service period.

(ii) 提供服務

提供服務之合約之收益按參考合約完成階段確認。提供保養及其他服務所得之收入乃初步確認為遞延收入，並於全面收益表內按服務期間以直線法攤銷。

f) Other operating income

f) 其他營運收入

(i) Value added tax refunds

Value added tax refunds are recognized when the acknowledgement of refunds from the tax bureau has been received.

(i) 增值稅退還增值稅退還於接獲稅務機關之退稅確認書時確認。

(ii) Interest income on bank deposits Interest income is recognised as it accrues, using the effective interest method.

(ii) 銀行存款之利息收入利息收入於採用實際利率法計算時確認。

g) Leasing

g) 租賃

The Group as lessee

Operating lease payments are recognized 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. Lease incentives received are recognized as an integral part of the total lease expense, over the term of the lease. Contingent rentals are recognised as expenses in the periods in which they are incurred.

本集團作為承租人

營運租約付款按有關租賃期限以直線法確認為開支，除非另有系統基準更能代表租賃資產使用經濟利益之時間模式。已收取的租賃獎勵根據租賃期限確認為總租賃開支之組成部分。或然租金於產生期間確認為開支。

52 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES

3. 主要會計政策（續）

(Continued)

g) Leasing (Continued)

g) 租賃（續）

The Group as lessee (Continued)

Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets. Contingent lease payments are accounted for by revising the minimum lease payments over the remaining term of the lease when the lease adjustment is confirmed.

本集團作為承租人（續）

租賃付款按比例分攤為融資費用及租約承擔減少，該等負債剩餘結餘從而以固定利率計算。除非融資費用直接歸屬合資格資產，否則該等費用於損益內即時確認。或然租賃付款於審閱租約調整時透過調整租約尚餘年期內之最低租金付款入賬。

h) Foreign currencies

h) 外幣

The individual financial statements of each group entity are presented in the currency of the primary economic environment in which the entity operates (its functional currency). For the purpose of the consolidated financial statements, the results and financial position of each group entity are expressed in Renminbi (“RMB”), which is the functional currency of the Company and the presentation currency for the consolidated financial statements.

各集團實體之個別財務報表按該實體營運所在之主要經濟環境之貨幣（其功能貨幣）呈列。就綜合財務報表而言，各集團實體業績及財務狀況以人民幣列值，人民幣乃本公司之功能貨幣及綜合財務報表之呈列貨幣。

In preparing the financial statements of the individual entities, transactions in currencies other than the entity’s functional currency (foreign currencies) are recognised at the rates of exchange prevailing at the dates of the transactions. At the end of each 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 at 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.

於編製個別實體之財務報表時，以實體之功能貨幣以外之貨幣（外幣）進行之交易按交易日之現行匯率記錄。於各報告期末，以外幣列值之貨幣項目按當日之現行匯率重新換算。以外幣表示公允值之非貨幣項目按公允值釐定日期之現行匯率重新換算。以外幣歷史成本計量之非貨幣項目毋須重新換算。

Annual Report 2009 53 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

h) Foreign currencies (Continued)

h) 外幣（續）

Exchange differences are recognised in profit or loss in the period in which they arise except for:

匯兌差額乃於該期間內於損益確認，惟以下各項例外︰

Exchange differences on foreign currency borrowings relating to assets under construction for future productive use, which are included in the costs of those assets when they are regarded as an adjustment to interest costs on those foreign currency borrowings;
當有關日後生產使用之在建資產之外幣借貸匯兌差額被視為外幣借貸之利息成本之調整時，匯兌差額計入該等資產之成本；
Exchange differences on transactions entered into in order to hedge certain foreign currency risks; and
交易之匯兌差額為對沖若干外幣風險；及
Exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised initial in other comprehensive income and reclassified from equity to profit or loss on disposal or partial disposal of the net investment.
應收或應付一項境外業務之貨幣項目匯兌差額，既無計劃結算，發生結算之可能性亦不大，其為境外業務投資淨額之一部份，並於其他全面收益確認及於出售或局部出售投資淨額時將權益於損益內重新歸類。

For the purpose of presenting consolidated financial statements, the assets and liabilities of the Group’s foreign operations are expressed in RMB using exchange rates prevailing at the end of reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuated significantly during that period, in which case the exchange rates at the dates of the transactions are used. Exchange differences arising, if any, are recognised in other comprehensive income and accumulated in equity (attributed to noncontrolling interests as appropriate).

為呈報綜合財務報表，本集團海外業務之資產及負債按報告期末適用之匯率以人民幣呈列。收支項目按期內平均匯率換算，惟倘期內匯率曾出現重大波幅，則按該等交易日期所適用之匯率換算。所產生之匯兌差額（倘有）均於其他全面收益及累積權益內（歸屬非控股權益（倘適用））確認。

54 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

i) Borrowing costs

i) 借貸成本

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.

直接歸屬收購、建造或生產合資格資產（即須長時間準備擬定用途或銷售之資產）之借貸成本，作為此等資產成本值之一部分，直至此等資產大體上已可作其擬定用途或出售。

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalization.

為合資格資產而取得之特定借貸在其尚未用於有關用途時作為短暫投資而賺取之投資收入於可作資本化之借貸成本內扣除。

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

所有其他借貸成本於產生之期間於損益內確認。

j) Retirement benefit costs

j) 退休福利成本

Contributions to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

向定額付款退休福利計劃供款於僱員提供服務而有權享有供款時確認為開支。

k) Share-based payments

k) 以股份為基礎支付

The grant date fair value of options granted to employees is recognised as an employee expense, with a corresponding increase in equity, over the period in which the employees become unconditionally entitled to the options. The amount recognised as an expense is adjusted to reflect the actual number of share options that vest.

已授予僱員的購股權於授出當日的公允值連同權益的相應增加，於僱員無條件享有該等購股權的期間內確認為僱員開支。確認為開支的金額將作調整，以反映實際歸屬的購股權數目。

Annual Report 2009 55 二零零九年年報

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

k) Share-based payments (Continued)

k) 以股份為基礎支付（續）

The fair value of the amount payable to employees in respect of share appreciation rights, which are settled in cash, is recognised as an expense, with corresponding increase in liabilities, over the period in which the employees become unconditionally entitled to payment. The liability is remeasured at each reporting date and at settlement date. Any changes in the fair value of the liability are recognized as personnel expense in statement of comprehensive income.

就股份增值權而言以現金支付之應付僱員款項之公平值，乃於僱員無條件有權獲得款項期間確認為開支，連同相應之負債增加。該項負債於各申報日期及結算日重新計量。負債公平值之任何變動均於全面收益表內作個人開支予以確認。

l) Short-term employee benefit

l) 短期僱員福利

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided.

短期僱員福利責任乃按未貼現基準計量，並於提供有關服務時列為開支。

A provision is recognized for the amount expected to be paid under short-term cash bonus or profitsharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

倘本集團因僱員過往提供之服務而產生現有法定或推定責任須支付此金額且責任可以可靠計量，則會就根據短期現金花紅或利潤分享計劃預期支付之金額確認撥備。

m) Finance income and expenses

m) 融資收入及成本

Finance income comprises interest income on funds invested, dividend income, and foreign currency gains that are recognised in statement of comprehensive income. Dividend income is recognised on the date that the Group’s right to receive payment is established.

融資收入包括已投資基金之利息收入、股息收入及於全面收益表內確認之外幣收益。利息收入乃於產生時按實際利率法確認。股息收入於本集團確立擁有收取款項權利當日確認。

Finance expenses comprise interest expense on borrowings, foreign currency losses that are recognised in statement of comprehensive income. All borrowing costs are recognised in statement of comprehensive income using the effective interest method.

融資成本包括貸款利息成本、於全面收益表內確認之外幣虧損。所有貸款成本均以實際利率法於全面收益表內確認。

56 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

n) Income tax expense

n) 所得稅開支

Income tax expense comprises current and deferred tax. Income tax expense is recognised in statement of comprehensive income except to the extent that it relates to items recognised directly in equity, in which case it is recognised in equity.

所得稅開支包括即期稅項及遞延稅項。所得稅於全面收益表內確認，但與直接確認為權益的項目相關的所得稅，則確認為權益。

Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years.

即期稅項乃根據年度應課稅收入，按報告日期所施行或實質施行稅率計算的預計應付稅項，並就過往年度應付稅項作出的任何調整。

Deferred tax is recognised using the balance sheet method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for the following temporary differences: the initial recognition of goodwill, the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit, and differences relating to investments in subsidiaries to the extent that they probably will not reverse in the foreseeable future. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date.

遞延稅項是以資產負債表法確認，就資產及負債在財務報告的賬面金額與計稅所用金額之間的暫時差異計提撥備。遞延稅項資產並不會就下列暫時差額確認：業務合併以外交易中不影響會計利潤或應課稅利潤的商譽初始確認或資產或負債初始確認，以及有關附屬公司投資而不大可能於可見將來撥回的差額。遞延稅項數額根據報告日期所施行或實質施行的法律，按遞延稅項轉回時預計適用於暫時差額的稅率重新計量。

A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which temporary difference can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

遞延稅項資產只有在未來有足夠的應課稅利潤可用作抵銷暫時差額時才確認。於每個報告日期審閱遞延稅項資產，如相關的稅項利益不再可能變現，則會將遞延稅項資產減計至可變現數額。

Annual Report 2009 57 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 主要會計政策（續）

o) Property, plant and equipment

o) 不動產、廠房及設備

(i) Recognition and measurement

Items of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses (see note 3(q)).

(i) 確認及計量

不動產、廠房及設備項目以成本減去累計折舊及減值虧損（見附註3(q)）後計量。

Cost includes expenditures that are directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment.

成本包括收購該項資產所產生的直接開支。對相關設備的功能屬組成部分的軟件乃資本化為該設備的部份。

When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.

如不動產、廠房及設備項目包含多個可用年限不同的組成部分，這些組成部分會作為單獨不動產、廠房及設備項目（主要部分）列賬。

Gains or losses arising from the retirement or disposal of an item of property, plant and equipment are determined as the difference between the net disposal proceeds and the carrying amount of the item and are recognised in statement of comprehensive income on the date of retirement or disposal.

因停用或出售不動產、廠房及設備項目產生的收益或虧損被視為出售所得款項淨額與項目賬面值間之差額，並於停用或出售當日於全面收益表內確認。

(ii) Subsequent costs

The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Group and its cost can be measured reliably. The costs of the day-to-day servicing of property, plant and equipment are recognized in statement of comprehensive income as incurred.

(ii) 其後成本

假若因替換某部分不動產、廠房及設備而使之帶來的未來經濟效益很可能流入本集團，而該替換成本能可靠地計量，則替換某部分不動產、廠房及設備的成本將於該項目的賬面金額中確認。不動產、廠房及設備日常運作所產生的支出於產生時在綜合全面收益表確認。

58 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES

3. 主要會計政策（續）

(Continued)

o) Property, plant and equipment

o) 不動產、廠房及設備（續）

(Continued)

(iii) Depreciation

Depreciation is recognised in statement of comprehensive income on a straight-line basis over the estimated useful lives of each part of an item of property, plant and equipment. Leased assets are depreciated over the shorter of the lease term and their estimated useful lives. The estimated useful lives of property, plant and equipment are two to five years.

(iii) 折舊

折舊是按各項不動產、廠房及設備的估計可使用年限以直線法於全面收益表內確認。租賃資產按租期或可使用年限（以較短者為準）計提折舊。不動產、廠房及設備的估計可使用年限為兩年至五年。

Depreciation methods, estimated useful lives and residual values are reviewed at each reporting date.

折舊方法、估計可使用年期及剩餘價值於各個申報日期檢討。

p) Intangible assets

p) 無形資產

(i) Intangible assets acquired separately

Intangible assets acquired separately are carried at cost less accumulated amortization and accumulated impairment losses. Amortisation is recognised on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each annual reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.
(i) 獨立收購之無形資產獨立收購之無形資產按成本扣除累計攤銷及累計減值虧損入賬。該等無形資產乃以直線法按估計其可使用年期進行攤銷。估計可使用年期及攤銷方法乃於各全年申報期間結束時檢討，估計變動之影響按預先計提之基準入賬。

Annual Report 2009 59 二零零九年年報

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

p) Intangible assets (Continued)

p) 無形資產（續）

(ii) Internally-generated intangible assets – research and development expenditure Expenditure on research activities is recognised as an expense in the period in which it is incurred.
(ii) 內部產生之無形資產－研發支出
研究工作之費用於產生之期間確認為開支。

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

因內部開發活動（或內部項目之開發階段）而產生之無形資產，僅於顯示下列各項後才確認：

the technical feasibility of completing the intangible asset so that it will be available for use or sale;
完成無形資產之技術可行性報告致使該無形資產可供使用或銷售；
the intention to complete the intangible asset and use or sell it;
有意完成、使用或銷售該無形資產；
the ability to use or sell the intangible asset;
可使用或銷售該無形資產；
how the intangible asset will generate probable future economic benefits;
該無形資產如何產生日後經濟利益；
the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible assets; and
具備充裕之技術、財務及其他資源，以完成開發工作及使用或銷售該無形資產；及
the ability to measure reliably the expenditure attributable to the intangible asset during its development.
能夠可靠衡量該無形資產於開發時之開支。

The amount initially recognised for internallygenerated intangible assets 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 recognised in profit or loss in the period in which it is incurred.

內部產生之無形資產初步確認金額為自無形資產首次符合上述確認標準日期所產生之開支。倘並無可確認之內部產生無形資產，則開發成本於產生的期間於損益內確認。

60 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

p) Intangible assets (Continued)

p) 無形資產（續）

(ii) Internally-generated intangible assets – research and development expenditure (Continued)
Subsequent to initial recognition, internallygenerated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.
(ii) 內部產生之無形資產－研發支出（續）

於初步確認後，內部產生之無形資產按與分別收購之無形資產相同之基準以成本減累計攤銷及累計減值虧損計算。

Intangible assets acquired in a business combination and recognised separately from goodwill are initially recognised at their fair value at the acquisition date (which is regarded as their cost).

於業務合併時收購及於商譽中分別確認之無形資產在收購日期以其公允值初步確認，而有關公允值被視為其成本。

(iii) Intangible assets acquired in a business combination

Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.

(iii) 於業務合併中收購之無形資產

於初步確認後，於業務合併中收購之無形資產按與分別收購之無形資產相同之基準以成本減累計攤銷及累計減值虧損計算。

(iv) Amortisation of intangible assets

Amortisation is recognised in statement of comprehensive income on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The estimated useful lives for the current and comparative periods are as follows:

(iv) 攤銷

攤銷乃按無形資產（商譽除外）自其可供使用日期起計的估計可使用年期以直線法於全面收益表中確認。現有與比較期間的估計可使用年期載列如下：

capitalised development costs 3 – 5 years software 5 years

資本化開發成本 3－5年軟件 5年

Amortisation method and useful life of the intangible assets are reviewed periodically to ensure that the method and period of amortisation are consistent with the expected pattern of economic benefits from the intangible assets.

無形資產之攤銷方法與可使用年期會定期審核，以確保攤銷之方法與年期與無形資產之預期經濟利益模式一致。

Annual Report 2009 61 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

q) Impairment of tangible and intangible assets excluding goodwill

q) 有形及無形資產減值（商譽除外）

At the end of each reporting period, the Group reviews the carrying amounts of its tangible and intangible assets 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). Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generated unit to which the asset belongs. Where a reasonable and consistent allocation basis can be identified, corporate assets are also allocated to individual cash-generated units, or otherwise they are allocated to the smallest group of cash-generated units for which a reasonable and consistent allocation basis can be identified.

於各報告期末，本集團對其有形及無形資產之賬面值進行審閱，以確定是否有任何跡象顯示該等資產承受減值虧損。倘存有任何該等跡象，則估計該資產之可收回金額，以釐定減值虧損之水平（如有）。倘未能估計個別資產之可收回金額，則本集團估計該資產所屬現金產生單位之可收回金額。倘可識別合理及一致之分配基準，企業資產亦分配至個別現金產生單位，或倘可識別合理及一致之分配基準，則分配企業資產至現金產生單位之最小群組。

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that the asset may be impaired.

就有明確年期之無形資產及尚未使用之無形資產而言，每年及每當出現跡象顯示資產減值時均會進行減值測試。

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.

可收回金額是以公允值減銷售成本及使用價值之較高者釐定。在評估使用價值時，會採用反映當時市場評估之貨幣時間值及該資產之獨有風險（未調整估計未來現金流量）之稅前折現率，將估計未來現金流量折現為現值。

62 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

q) Impairment of tangible and intangible assets excluding goodwill (Continued)

q) 有形及無形資產減值（商譽除外）（續）

If the recoverable amount of an asset (or cashgenerating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generated unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

倘估計資產之可收回金額（或現金產生單位）低於其賬面值，資產之賬面值（或現金產生單位）被調低至其可收回金額。減值虧損即時於損益確認，倘相關資產以重估金額列賬，減值虧損則被視為重估減少。

Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimated 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 cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

倘減值虧損隨後可撥回，資產之賬面值（或現金產生單位）被調高至其經修訂估計之可收回金額，惟不可超過該資產（或現金產生單位）過往未計減值虧損前之賬面值。撥回之減值虧損即時於損益確認，倘相關資產以重估金額列賬，撥回之減值虧損則被視為重估增加。

r) Inventories

r) 存貨

Inventories are stated at the lower of cost and net realisable value. Costs, including an appropriate portion of fixed and variable overhead expenses, are assigned to inventories by the method most appropriate to the particular class of inventory, with the majority being valued on the weighted average costing method. Net realisable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale.

存貨按成本及可變現淨值兩者較低者列賬。成本（包括固定及可變經常性開支之適當部分）按最適用於某存貨類別之方法被分配予存貨，主要按加權平均法計算。可變現淨值乃按存貨估計售價減所有直至完成及銷售必需之估計成本計算。

Annual Report 2009 63 二零零九年年報

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

s) Provisions

s) 撥備

Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that the Group will be required to settle the obligation, and a reliable estimated can be made of the amount of the obligation.

倘本集團須就已發生事件承擔現有法律或推定責任，而本集團有可能須履行有關責任，且能夠可靠估計有關責任數額，則確認撥備。

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.

已確認為撥備之數額為計及有關責任之風險及不確定因素後，於報告期末履行現有責任所需代價之最佳估計。倘撥備以預期履行現有責任之現金流量計算，則其賬面值為該等現金流量之現值。

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

倘履行責任所需代價之所需撥備之部份或全部經濟利益可自第三方收回，且幾乎肯定能收回償付金額及應收款項能可靠地計量，則該應收款項確認為資產。

Present obligations arising under onerous contracts are recognised and measured as provisions. An onerous contract is considered to exist where the Group has a contract under which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it.

根據虧損性合約產生之現有責任確認及計量為撥備。當本集團根據合約為符合該合約下之責任而不可避免產生之開支超過預期根據該合約可收取之經濟利益時，則虧損性合約被視為存在。

t) Investments in subsidiaries

t) 於附屬公司之投資

In the Company’s statement of financial position, investments in subsidiaries are stated at cost less impairment losses (see note 3(q)).

於本公司之財務狀況表內，於附屬公司之投資乃以成本減減值虧損（見附註3(q)）列賬。

64 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

u) Trade and other receivable

u) 應收貿易賬款及其他應收款項

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost less allowance for impairment of doubtful debts (see note 3(w)(ii)), except where the receivables are interest-free loans made to related parties without any fixed repayment terms or the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less allowance for impairment of doubtful debts (see note 3(w)(ii)).

應收貿易賬款及其他應收款項初步按公允值確認，其後則按攤銷成本減呆賬減值撥備（見附註 3(w)(ii)）列賬，惟有關應收款項為給予關聯人士並無任何固定還款期或貼現影響甚微之免息貸款，則作別論。在此情況下，有關應收款項乃按成本值減呆賬減值撥備（見附註3(w)(ii)）列賬。

v) Cash and cash equivalents

v) 現金及現金等值物

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other financial institutions, and short-term, highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value, having been within three months of maturity at acquisition. Bank overdrafts that are repayable on demand and form an integral part of the Group’s cash management are also included as a component of cash and cash equivalents for the purpose of the consolidated statement of cash flow.

現金及現金等值物包括銀行存款及現金，於銀行及其他金融機構之活期存款及短期及流動性極高之投資項目。該等項目可在無重大價值轉變之風險下容易地換算為已知現金數額，並在購入後三個月內到期。就編製綜合現金流量表而言，現金及現金等值物亦包括作為本集團現金管理一部分且隨時可被要求還款之銀行透支。

w) Financial assets

w) 金融資產

All financial assets are recognised and derecognized on trade date where the purchase or sale of a financial asset is under a contract whose terms require delivery of the financial asset within the timeframe established by the market concerned, and are initially measured at fair value, plus transaction costs, except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value.

根據合約（有關條款規定金融資產須於相關市場制訂之時限內交付）買賣金融資產時，所有金融資產會於交易日確認或終止確認。金融資產初步按公允值加交易成本計算，惟分類為按公允值於損益列賬之金融資產則初步按公允值計量。

Annual Report 2009 65 二零零九年年報

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

w) Financial assets (Continued)

w) 金融資產（續）

Financial assets are classified into the following specified categories: financial assets “at fair value through profit or loss” (“FVTPL”), “held-to-maturity” investments, “available-for-sale” (“AFS”) financial assets 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.

金融資產分為以下特定類別：「按公允值計入損益」、「持至到期」投資、「可供出售」金融資產及「貸款及應收款項」。分類視乎金融資產之性質及目的，並於初步確認時釐定。

The effective interest method is a method of calculating the amortised cost of a debt instrument 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 on 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 debt instrument, or (where appropriate) a shorter period, to the net carrying amount on initial recognition.

實際利率法乃計算負債工具之攤銷成本及按有關期間分攤利息收入之方法。實際利率乃透過負債工具預計年期或初步確認賬面淨值之較短期間（如適用）精確折現估計日後現金收款（包括所支付或收取能構成整體實際利率之所有費用、交易成本及其他溢價或折讓）之比率。

(i) Loans and receivables

Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as “loans and receivables”. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment. Interest income is recognised by apply the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial.

(i) 貸款及應收款項

擁有固定或可釐定款項，且並無於活躍巿場報價之應收貿易賬款、貸款及其他應收款項分類為「貸款及應收款項」。貸款及應收款項採用實際利率法按攤銷成本減任何減值計量。利息收入以實際利率確認，惟確認時利息極少之短期應收款項除外。

66 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

w) Financial assets (Continued)

w) 金融資產（續）

(ii) Impairment of financial assets

Financial assets, other than those at FVTPL, are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when 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 investment have been affected.

(ii) 金融資產減值

金融資產（按公允值計入損益之金融資產除外）於各報告期末評估有否減值跡象。倘有客觀證據顯示因初步確認金融資產後發生一項或多項事件影響相關投資之估計未來現金流量，則金融資產視為已減值。

For certain categories of financial assets, such as trade receivables, assets that are assessed not to be impaired individually are, in addition, 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, an increase in the number of delayed payments in the portfolio past the average credit period of 360 days, as well as observable changes in national or local economic conditions that correlate with default on receivables.

就若干類別之金融資產（例如應收貿易賬款）而言，對經評估為不會單獨出現減值之資產，將彙集具有相似信貸風險特點之金融資產，一併評估減值。釐定應收賬款組合是否出現減值之客觀證據包括該組合過往之收款記錄、延遲付款至超過360天之平均信貸期之宗數增加，及其所在國家或地區之經濟狀況出現與違約還款有相互關係之變動。

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 amount. When a trade receivable is considered uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss.

除貿易應收賬款之賬面值透過撥備賬目調減外，所有金融資產之減值虧損直接於其賬面值減除。倘貿易應收賬款被認為不能收回，該賬款乃與其撥備金額對銷。撥備賬目之賬面值變動於損益內確認。

Annual Report 2009 67 二零零九年年報

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

x) Trade and other payables

Trade and other payables are initially recognised at fair value. Except for financial guarantee liabilities, trade and other payables are subsequently stated at amortised cost unless the effect of discounting would be immaterial, in which case they are stated at cost.

y) Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

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 and in any future periods affected.

Judgements made by management in the application of IFRSs that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are disclosed in note 32.

z) Related parties

For the purposes of these financial statements, a party is considered to be related to the Group if:

i) the party has the ability, directly or indirectly through one or more intermediaries, to control the Group or exercise significant influence over the Group in making financial and operating policy decisions, or has joint control over the Group.
ii) the Group and the party are subject to common control;
iii) the party is an associate of the Group or a joint venture in which the Group is a venturer;

3. 重大會計政策（續）

x) 應付貿易賬款及其他應付款項

應付貿易賬款及其他應付款項初步按公允值確認。除財務擔保負債外，應付貿易賬款及其他應付款項其後採用實際利率法按攤銷成本計量，惟折現影響並不重大則按成本計量。

y) 重大會計判斷及估計不確定因素之主要來源

編製財務報表需要管理層就對會計政策運用、資產及負債、收入及支出之列報額有影響之事宜作出判斷、估計及假設。實際結果可能有別於此等估算。

估計及相關假設乃以持續基準審閱。對會計估計進行修訂乃於估計修訂期間及任何未來期間確認。

管理層應用國際財務報告準則所作之判斷對財務報表及估計具重大影響，以及可能對下年度構成之重大調整風險於附註32披露。

z) 關聯方就此等財務報告而言，在下列情況下，一方被視為與本集團有關：
i) 該方有能力直接或間接透過一名或多名中介人士控制本集團或對本集團之財務及經營決策有重大影響力，或對本集團有共同控制權；
ii) 本集團及該方共同控制；
iii) 該方為本集團之聯營公司或本集團參與投資之合營企業；

68 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

z) Related parties (Continued)

z) 關聯方（續）

iv) the party is a member of key management personnel of the Group or the Group’s parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;
iv) 該方為本集團或本集團母公司之主要管理層成員，或上述人士之近親，或受上述人士控制、共同控制或重大影響之企業；
v) the party is a close family member of a party referred to in (i) or is an entity under the control, joint control or significant influence of such individuals; or
v) 該方為上文(i)所述人士之近親，或受該人士控制、共同控制或重大影響之企業；或
vi) the party is a post-employment benefit plan which is for the benefit of employees of the Group or of any entity that is a related party of the Group.
vi) 該方為本集團或任何本集團相關人士之僱員受益之退休福利計劃。

Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the entity.

一名人士之近親指預期在處理有關公司時可影響該人士或受該人士影響之家庭成員。

aa) Earnings/(loss) per share

aa) 每股盈利╱（虧損）

The Group presents basic and diluted earnings/ (loss) per share data for its ordinary shares. Basic earnings/(loss) per share is calculated by dividing the earnings/(loss) attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the year. Diluted earnings/(loss) per share is determined by adjusting the earnings/(loss) attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding for the effects of all dilutive potential ordinary shares, which comprise share options granted to employees.

本集團就其普通股而言呈報每股基本及攤薄盈利╱（虧損）數據。每股基本盈利╱（虧損）乃將本公司普通股股東應佔虧損除以年內之已發行普通股加權平均數計算。每股攤薄盈利╱（虧損）透過就所有具攤薄潛力普通股（包括授予僱員之購股權）之影響而對普通股股東應佔盈利╱（虧損）及已發行普通股加權平均數作出調整計算。

Annual Report 2009 69 二零零九年年報

3. SIGNIFICANT ACCOUNTING POLICIES (Continued)

3. 重大會計政策（續）

bb) Segment reporting

bb) 分部匯報

Operating segments, and the amounts of each segment item reported in the financial statements, are identified from the financial information provided regularly to the group’s most senior executive management for the purposes of allocating resources to, and assessing the performance of, the Group’s various lines of business and geographical locations.

營運分部及財務報表所報告之各分部項目之款項乃於為分配資源予本集團不同業務及地區以及評估該等業務及地區之表現而定期向本集團最高級行政管理層提供之財務資料中確認。

Individually material operating segments are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect of the nature of products and services, the nature of production processes, the type or class of customers, the methods used to distribute the products or provide the services, and the nature of the regulatory environment. Operating segments which are not individually material may be aggregate if they share a majority of these criteria.

就財務報告而言，個別重大營運分部不會合併，惟分部間有類似經濟特點及在產品及服務性質、生產過程性質、客戶種類或類別、用作分銷產品或提供服務之方法以及監管環境性質方面相類似則除外。倘並非個別重大之營運分部符合大部分此等準則，則該等營運分部可能會被合併。

4. SEGMENT REPORTING

4. 分部呈報

Segment information is presented in respect of the Group’s business and geographical segments. Business segment information is chosen as the primary reporting format because this is more relevant to the Group in making operating and financial decisions.

分部資料乃根據本集團的業務及地區分部呈列。業務分部資料已選為主要呈報方式，因業務分部資料於作出營運及財務決策方面較切合本集團。

a) Business segment

a) 業務分部

Throughout the year, the Group has been operating in a single business segment, i.e. the development, manufacture and sale of software products, sale of related hardware products and provision of softwarerelated technical services. Accordingly, no business segment information is presented.

本集團全年均經營單一業務分部，即開發、製造及銷售軟件產品、銷售相關硬件產品及提供軟件相關技術服務，因此並無呈列業務分部資料。

70 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

4. SEGMENT REPORTING (Continued)

4. 分部呈報（續）

b) Geographical segment

b) 地區分部

As the Group’s revenue and results were substantially derived from the People’s Republic of China (“PRC”) and its operating assets and liabilities are also based in the PRC, no geographical segment information is presented.

由於本集團的收入及業績大部分於中華人民共和國（「中國」）產生，而其經營資產及負債亦以中國為基地，故無呈列地區分部資料。

5. REVENUE

5. 銷售收入

The Group is principally engaged in the businesses of development, manufacture and sale of software products, sale of related hardware products and provision of softwarerelated technical support services. Revenue, which is also the Group’s turnover, represents the net invoiced value of sales and revenue from provision for maintenance and other services. Turnover excludes sales taxes and is stated after allowances for returns and trade discounts. An analysis of the Group’s revenue is as follows:

本集團主要從事軟件產品開發、製造及銷售、銷售相關硬件產品及提供軟件相關技術支援服務等業務。收入，亦即本集團之營業額，指發票淨值及提供維護及其他服務產生的收入。營業額不包括銷售稅，並於扣除退貨及貿易折扣準備後入賬。本集團收入分析如下：

		The	Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Sale of computer software	銷售電腦軟件	1,652	980
Sale of computer hardware	銷售電腦硬件	14,097	2,995
Provision for maintenance and	提供維護及
other services	其他服務	25,668	14,239
		41,417	18,214

Annual Report 2009 71 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

6. OTHER OPERATING INCOME

6. 其他經營收入

		The	Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Sundry income	雜項收入	720	556
Written back of trade and	應付及其他應付款回撥
other payables		1,092	–
Exchange gain	滙兌收益	–	500
Value added tax refunds	退回增值稅	298	89
Interest income on bank deposits	銀行存款利息收入	20	37
		2,130	1,182

7. FINANCE COSTS

7. 財務費用

FINANCE COSTS	7.財務費用
		The	Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Interest on bank advances and	須於五年內全數償還之
other borrowings wholly	銀行墊款及
repayable within five years	其他借款之利息	493	791
Others	其他	31	24
Finance expenses	財務開支	524	815

72 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

8. PROFIT/(LOSS) BEFORE TAXATION

8. 除稅前盈利╱（虧損）

Profit/(loss) before taxation is arrived at after charging the following:

除稅前盈利╱（虧損）已扣除下列項目：

		The Group	The Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Staff costs (including directors’	員工成本（包括董事袍金）
remuneration)
– salaries, wages and other benefits	－薪金、工資及其他褔利	7,182	6,375
– contributions to defined	－界定供款計劃之供款
contribution plans		963	660
		8,145	7,035
Auditors’ remuneration	核數師酬金	282	268
Depreciation of property, plant	不動產、廠房及設備折舊
and equipment		385	462
Amortisation	攤銷	2,618	–
(Profit)/loss on disposal of	出售不動產、廠房及設備
property, plant and equipment	之（盈利）╱虧損	(23 )	7
Operating lease charges:	經營租賃費用：最低租金
minimum lease payments
– property rental	－租用物業	1,041	1,349
Cost of inventories sold and	售出存貨及已
services rendered#	提供服務之成本#	31,049	12,378

Cost of inventories sold and services rendered includes staff costs of approximately RMB4,532,505 (2008: RMB2,634,050) and depreciation expenses of approximately RMB68,318 (2008: RMB55,023) that are also included in the respective total amounts disclosed separately above for each of these types of expenses.

售出存貨及已提供服務之成本包括員工成本約人民幣4,532,505元（二零零八年：人民幣2,634,050元），折舊費用約人民幣68,318元（二零零八年：人民幣 55,023元），已計入上述及各開支類別各自另行披露之總額內。

Annual Report 2009 73 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

9. TAXATION

9. 稅項

a) Overseas income tax

a) 海外所得稅

The Company is incorporated in Bermuda and is exempt from taxation in Bermuda until 28 March 2016. The Company’s subsidiary established in the British Virgin Islands (the “BVI”) is incorporated under the International Business Companies Acts of the BVI and, accordingly, is exempt from payment of BVI income taxes.

本公司於百慕達註冊成立，並獲豁免於百慕達之稅項直至二零一六年三月二十八日。本公司於英屬處女群島（簡稱「BVI」）成立之附屬公司根據BVI國際商業公司法註冊成立，因此，豁免支付BVI之所得稅。

b) Hong Kong profits tax

b) 香港利得稅

No provision for Hong Kong profits tax has been made as the Group had no estimated assessable profits arising from Hong Kong during the years ended 31 December 2009 and 2008.

由於本集團於截至二零零九年及二零零八年十二月三十一日止年度期間並無在香港產生應課稅溢利，故並未提撥香港利得稅。

c) PRC enterprise income tax

c) 中國企業所得稅

		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
PRC enterprise income	中國企業所得稅	–	–

Foreign investment enterprises that incorporated in the Advance Technology Industry Development Area in Hangzhou City and Zhuhai City are entitled to full exemption from income tax for two years with effect from its first profitable year after offsetting prior years’ losses and a 50% reduction in income tax for the following three years thereafter. Foreign investment enterprises are also exempted from income tax in years with financial loss.

於杭州市及珠海市高新技術工業開發區註冊成立之外商投資企業獲賦予兩年全面豁免所得稅，於其抵銷過往年度虧損後之首個盈餘年度起生效，並於隨後三個年度獲50%所得稅減免。外商投資企業亦於財務虧損之年度獲豁免所得稅。

74 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

9. TAXATION (Continued)

9. 稅項（續）

c) PRC enterprise income tax (Continued)

c) 中國企業所得稅（續）

The reconciliation of statutory tax rate to effective tax rate is as follows:

法定稅率與實際稅率之調節如下：

		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Accounting profit/(loss)	除稅前溢利╱（虧損）
before taxation		1,302	(4,240 )

Tax at the statutory tax	按法定稅率33%
rate (33%)	計算的稅項	430	(1,399 )
(Set-off against)/absorbed	（對銷）╱納入
into tax losses	稅項虧損	(430 )	1,399
Tax expense	稅項開支	–	–

There was no significant unprovided deferred taxation for the year ended 31 December 2009 (2008: Nil).

截至二零零九年十二月三十一日止年度概無重大未提撥遞延稅項（二零零八年：無）。

Annual Report 2009 75 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

10. DIRECTORS’ REMUNERATION

10. 董事酬金

Directors’ remuneration disclosed pursuant to section 161 of the Hong Kong Companies Ordinance is as follows:

根據香港公司條例第161條披露之董事酬金如下：

			2009
			Salaries,	Retirement
			allowances	benefits
			and benefits	scheme
		Fees	in kind contributions		Total
			薪金、津貼	退休福利
		袍金	及實物利益	計劃供款	總計
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Independent non-executive	獨立非執行董事：
directors:
Mr. Pao Ping Wing	浦炳榮先生	63	–	–	63
Mr. Tam Kwok Hing	談國慶先生	63	–	–	63
Mr. Lo King Man	盧景文先生	63	–	–	63
Executive directors:	執行董事：
Mr. Cui Jian	崔堅先生	–	63	3	66
Mr. Xu Shu Yi	徐舒藝先生	–	63	3	66
Mr. Hung Yung Li	熊融禮先生	–	63	3	66
		189	189	9	387

76 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

10. DIRECTORS’ REMUNERATION (Continued)

10. 董事酬金（續）

			2008
			Salaries,	Retirement
			allowances	benefits
			and benefits	scheme
		Fees	in kind contributions		Total
			薪金、津貼	退休福利
		袍金	及實物利益	計劃供款	總計
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Independent non-executive	獨立非執行董事：
directors:
Mr. Pao Ping Wing	浦炳榮先生	63	–	–	63
Mr. Tam Kwok Hing	談國慶先生	63	–	–	63
Mr. Lo King Man	盧景文先生	63	–	–	63
Executive directors:	執行董事：
Mr. Cui Jian	崔堅先生	–	63	4	67
Mr. Xu Shu Yi	徐舒藝先生	–	63	–	63
Mr. Hung Yung Li	熊融禮先生	–	63	4	67
		189	189	8	386

For the years ended 31 December 2009 and 2008, no emolument was paid to the directors as an inducement to join or upon joining the Company or as compensation for loss of office. None of directors waived or agreed to waive any remuneration for the years ended 31 December 2009 and 2008.

截至二零零九年及二零零八年十二月三十一日止年度，並無向任何董事支付酬金作為吸引加入本公司或加入本公司時之報酬或作為失去董事職務之賠償，亦無董事豁免或同意豁免截至二零零九年及二零零八年十二月三十一日止年度之任何酬金。

Annual Report 2009 77 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

11. INDIVIDUALS WITH HIGHEST EMOLUMENTS

11. 最高薪人士

For the years ended 31 December 2009 and 2008, none of the five individuals with the highest emoluments is a director. The aggregate emoluments in respect of the five (2008: five) individuals with the highest emoluments are as follows:

截至二零零九年及二零零八年十二月三十一日止年度，五名最高薪人士均並非董事。五名（二零零八年：五名）最高薪人士之薪酬總額如下：

	2009	2008
	二零零九年	二零零八年
	RMB'000	RMB'000
	人民幣千元	人民幣千元
Salaries, allowances and benefits	薪金、津貼及實物利益
in kind	1,317	1,368
Retirement benefits scheme	退休福利計劃供款
contributions	144	45
	1,461	1,413

The emoluments of five (2008: five) individuals with the highest emoluments are within the following bands:

酬金金額介乎下列組別之五名（二零零八年：五名）最高薪人士之人數如下：

		Number of	individuals
		人數
		2009	2008
		二零零九年	二零零八年
Nil – RMB1,000,000 (equivalent to	零至人民幣1,000,000元
approximatelyHK$1,136,000)	（相等於約1,136,000港元）	5	5

For the years ended 31 December 2009 and 2008, no emolument was paid by the Group to the five highest paid individuals as an inducement to join or upon joining the Group or as compensation for loss of office.

截至二零零九年及二零零八年十二月三十一日止年度，本集團並無向五名最高薪人士支付酬金作為吸引加入本公司或加入本公司時之報酬或作為失去董事職務之賠償。

78 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

12. PROFIT/(LOSS) ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY

12. 本公司股東應佔溢利╱（虧損）

The consolidated profit/(loss) attributable to equity holders of the Company includes a profit of RMB4,983,000 (2008: RMB8,961,000 loss) which has been dealt with in the financial statements of the Company.

本公司股東應佔綜合溢利包括為數人民幣4,983,000元（二零零八年：人民幣 8,961,000元虧損），已於本公司財務報表內處理。

13. EARNINGS/(LOSS) PER SHARE

13. 每股盈利╱（虧損）

a) Basic earnings/(loss) per share

a) 每股基本盈利╱（虧損）

The calculation of basic earnings/(loss) per share is based on the profit/(loss) attributable to ordinary equity holders of the Company of RMB1,302,000 profit (2008: RMB4,240,000 loss) and the weighted average of 663,200,000 (2008: 658,823,560) ordinary shares in issue during the year.

每股基本盈利╱（虧損）乃根據年內本公司普通權益持有人應佔盈利╱（虧損）人民幣1,302,000 元盈利（二零零八年：人民幣 4,240,000元虧損）及已發行普通股加權平均數663,200,000股（二零零八年：658,823,560股）計算。

b) Diluted earnings/(loss) per share

b) 每股攤薄盈利╱（虧損）

No disclosure of diluted earnings/(loss) per share for the years ended 31 December 2009 and 31 December 2008 is shown as the Company’s outstanding share options have antidilutive effect.

由於本公司之尚未行使購股權有反攤薄影響，故並無披露截至二零零九年十二月三十一日及二零零八年十二月三十一日止年度之每股攤薄盈利╱（虧損）。

Annual Report 2009 79 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

14. PROPERTY, PLANT AND EQUIPMENT

14. 不動產、廠房及設備

The Group

本集團

			Computer	Other
	Leasehold		and related	office	Motor
	improvements		equipment	equipment	vehicles	Total
		租賃	電腦及	其他
		物業裝修	相關設備	辦公室設備	車輛	合計
		RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
	人民幣千元		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Cost	成本
At 1 January 2008	於二零零八年一月一日	2,861	9,005	3,410	989	16,265
Additions	增加	–	274	163	–	437
Disposals	報廢	–	(6,799 )	(1,580 )	(43 )	(8,422 )
At 31 December 2008 and	於二零零八年
1 January 2009	十二月三十一日及
	二零零九年一月一日	2,861	2,480	1,993	946	8,280
Additions	增加	–	112	9	–	121
Reclassification	重分類	–	583	(583 )	–	–
Disposals	報廢	(507 )	–	(208 )	(53 )	(768 )
At 31 December 2009	於二零零九年
	十二月三十一日	2,354	3,175	1,211	893	7,633
Accumulated depreciation	累計折舊及減值虧損
and impairment losses
At 1 January 2008	於二零零八年一月一日	2,861	8,527	3,163	886	15,437
Charge for the year	本年增加	–	332	95	35	462
Written back on disposals	報廢撥回	–	(6,683 )	(1,652 )	(34 )	(8,369 )
At 31 December 2008 and	於二零零八年
1 January 2009	十二月三十一日及
	二零零九年一月一日	2,861	2,176	1,606	887	7,530
Charge for the year	本年增加	–	95	231	59	385
Reclassification	重分類	–	583	(583 )	–	–
Written back on disposals	報廢撥回	(507 )	–	(180 )	(53 )	(740 )
At 31 December 2009	於二零零九年	2,354	2,854	1,074	893	7,175
	十二月三十一日
Net book value	賬面淨值
At 31 December 2009	於二零零九年十二月三十一日	–	321	137	–	458

At 31 December 2008	於二零零八年十二月三十一日	–	304	387	59	750

80 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

14. PROPERTY, PLANT AND EQUIPMENT (Continued)

14. 不動產、廠房及設備（續）

The Company

本公司

The Company	本公司
		Computer and
		related equipment
		電腦及相關設備
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Cost	成本
At 1 January	於一月一日	77	80
Exchange adjustment	匯兌調整	–	(5 )
Additions	增加	13	2
At 31 December	於十二月三十一日	90	77
Accumulated depreciation	累計折舊
At 1 January	於一月一日	75	79
Exchange adjustments	匯兌調整	–	(5 )
Charge for the year	本年增加	2	1
At 31 December	於十二月三十一日	77	75
Net book value	賬面淨值
At 31 December	於十二月三十一日	13	2

Annual Report 2009 81 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

15. INTANGIBLE ASSETS

15. 無形資產

本集團


The Group			本集團
			Development
		Goodwill	costs	Software	Total
		商譽	開發費用	軟件	合計
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Cost	成本
At 1 January 2008	於二零零八年一月一日	272	11,489	939	12,700
Additions	增加	–	1,400	–	1,400
At 31 December 2008	於二零零八年
and 1 January 2009	十二月三十一日及
	二零零九年一月一日	272	12,889	939	14,100
Disposals	報廢	–	(309 )	–	(309 )
At 31 December 2009	於二零零九年
	十二月三十一日	272	12,580	939	13,791
Accumulated	累計攤銷及減值虧損
amortisation
and impairment
losses
At 1 January 2008	於二零零八年一月一日	272	5,385	939	6,596
Amortisation for the year	本年攤銷	–	–	–	–
At 31 December 2008	於二零零八年
and 1 January 2009	十二月三十一日及
	二零零九年一月一日	272	5,385	939	6,596
Amortisation for the year	本年攤銷	–	2,618	–	2,618
Disposals	報廢	–	(309 )	–	(309 )
At 31 December 2009	於二零零九年
	十二月三十一日	272	7,694	939	8,905
Net book value	賬面淨值
At 31 December 2009	於二零零九年
	十二月三十一日	–	4,886	–	4,886

At 31 December 2008	於二零零八年
	十二月三十一日	–	7,504	–	7,504

82 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

15. INTANGIBLE ASSETS (Continued)

15. 無形資產（續）

a) Goodwill represents the excess of the cost of the acquisition over the Group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the acquiree.
a) 商譽乃指收購成本超過本集團於被收購公司可識別資產，負債及或然負債公平值淨額所佔權益之差額。
b) Development costs represent new software products internally developed by the Group. Software represents the cost of acquiring computer software.
b) 開發費用指本集團內部開發之新軟件產品。軟件指收購電腦軟件之成本。
c) The amortisation charge for the year is included in “administrative expenses” in the consolidated statement of comprehensive income.
c) 本年攤銷載列於綜合全面收益表「行政開支」項下。
d) In 2006, the management of the Group assessed the recoverable amounts of the intangible assets. Based on this assessment, the carrying amount of the intangible assets was written down by RMB1,192,000, which was disclosed on the face of the consolidated statement of comprehensive income. The recoverable amounts have been determined on the basis of value-in-use calculations. All value-in-use calculations are based on past performance, management’s expectations for the market development and certain key assumptions, and with reference to the valuation report prepared by an independent valuation firm.
d) 於二零零六年，本集團管理層評估無形資產之可收回金額。根據此項評估，無形資產之賬面值被撇銷人民幣1,192,000元，於綜合全面收益表內披露。可收回金額乃按照使用價值計算基準釐定。所有使用價值計算乃按照過往表現、管理層對市場發展之期望及若干主要假設，以及參考獨立估值公司編製之估值報告而作出。

16. INVESTMENTS IN SUBSIDIARIES

16. 於附屬公司之投資

INVESTMENTS IN SUB	SIDIARIES 16.於附屬公	司之投資	司之投資
		The Company
		本公司
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Unlisted shares, at cost	非上市股份，按成本	6,674	6,674
Less: impairment loss	減：減值虧損	(6,674 )	(6,674 )
		–	–

Annual Report 2009 83 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

16. INVESTMENTS IN SUBSIDIARIES

16. 於附屬公司之投資（續）

(Continued)

The particulars of the subsidiaries of the Company at 31 December 2009 are as follows:

本公司於二零零九年十二月三十一日之附屬公司詳情載列如下：

						Particulars of
	Place of	Proportion		of		paid share capital/
	incorporation/	ownership				paid share capital/
Name of company	operation	interest				registered capital	Principal activities
						已發行及繳足
						股本╱註冊
公司名稱	成立╱營運地點	權益百分比				資本之詳情	主要業務
		Direct	Indirect
		直接			間接
Sing Lee Electronics	British Virgin Islands	100%			–	715 shares of	Investment holding
(B.V.I.) Co., Ltd.	Islands					US$1 each	投資控股
(“Singlee BVI”)	英屬處女群島					715股每股面值
Sing Lee Electronics						1美元之股份
(B.V.I.) Co., Ltd.
（「新利BVI」）
Hangzhou Singlee Software	The People’s	–		100%		Registered capital	Development, manufacture
Company Limited	Republic of China					US$4,325,500	and sale of software
(“Singlee Software”)	(the “PRC”)					4,325,500美元	products, sale of related
杭州新利軟件有限公司	中華人民共和國					註冊資本	hardware products and
（「新利軟件」）	（「中國」）						provision of
							software-related
							technical services
							研究、製造和銷售
							軟件產品，銷售相
							關硬件產品，以及
							提供軟件類的
							技術服務
Hangzhou Singlee Technology	The PRC	–		100%		Registered capital	Same as above
Company Limited	中國					US$1,584,000	同上
(“Singlee Technology”)						1,584,000美元
杭州新利科技有限公司						註冊資本
（「新利科技」）
Singlee Software (Zhuhai)	The PRC	–		100%		Registered capital	Same as above
Company Limited	中國					US$1,250,000	同上
(“Singlee Zhuhai”)						1,250,000美元
新利軟件（珠海）有限公司						註冊資本
（「新利珠海」）
Beijing Century Financial	The PRC	–		100%		Registered capital	Same as above
Knowledge Company	中國					RMB1,000,000	同上
Limited (“Beijing Century”)						人民幣1,000,000元
北京世紀興融有限公司						註冊資本
（「北京世紀」）

84 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

16. INVESTMENTS IN SUBSIDIARIES (Continued)

16. 於附屬公司之投資（續）

a) Singlee Software is a wholly foreign-owned enterprise established in the PRC having an operational period of 50 years up to 26 May 2049.
a) 新利軟件為於中國成立之外商獨資企業，經營年期至二零四九年五月二十六日止為期50年。
b) Singlee Technology is a sino-foreign equity joint venture established in the PRC having an operational period of 20 years up to 15 October 2021. Singlee Technology was held by Singlee BVI and Singlee Software.
b) 新利科技為於中國成立之中外合資企業，經營年期至二零二一年十月十五日止為期20年。新利科技由新利BVI及新利軟件持有。
c) Singlee Zhuhai is a sino-foreign equity joint venture established in the PRC having an operational period of 20 years up to 15 March 2022. Singlee Zhuhai was held by Singlee BVI and Singlee Software.
c) 新利珠海為於中國成立之中外合資企業，經營年期至二零二二年三月十五日止為期20年。新利珠海由新利BVI及新利軟件持有。
d) Beijing Century is a wholly foreign-owned enterprise established in the PRC having an operational period of 10 years up to 15 June 2014.
d) 北京世紀為於中國成立之外商獨資企業，經營年期至二零一四年六月十五日止為期10年。
e) In prior years, the directors determined the recoverable amounts of the investments in subsidiaries on the basis of value-in-use calculations and recognised an impairment loss of RMB6,674,000. Value-inuse calculations were based on past performance, management’s expectations for the market development and certain key assumptions. In 2009, the directors assessed the recoverable amounts of the investments in subsidiaries and concluded that the impairment loss is not reversed as there is no favourable change in the estimates used to determine the recoverable amounts.
e) 於過往年度，董事乃按使用價值計算法為基準釐定於附屬公司之投資之可收回金額，並確認減值虧損人民幣6,674,000元。使用價值計算乃以過往表現、管理層對市場發展之期望及若干主要假設為基準。於二零零九年，董事評估於附屬公司之投資之可收回金額，得出之結論為並無撥回減值虧損，這是由於用作釐定可收回金額之估計並無出現利好變動所致。

Annual Report 2009 85 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

17. INVENTORIES

17. 存貨

		The Group	The Group	The Company	The Company
		本集團		本公司
		2009	2008	2009	2008
		二零零九年	二零零八年	二零零九年	二零零八年
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Finishedgoods	製成品	4,922	5,314	4,872	5,123

The analysis of the amount of inventories recognised as 被確認為開支之存貨金額分析如下： an expense is as follows:

	The	Group
	本集團
	2009	2008
	二零零九年	二零零八年
	RMB'000	RMB'000
	人民幣千元	人民幣千元
Carrying amount of	已售存貨之賬面值
inventories sold	12,587	8,098

18. TRADE AND OTHER RECEIVABLES

18. 應收貿易賬款及其他應收款項

		The Group	The Group	The Company	The Company
		本集團		本公司
		2009	2008	2009	2008
		二零零九年	二零零八年	二零零九年	二零零八年
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Amounts due from	應收附屬公司款項
subsidiaries (note a)	（附註a）	–	–	8,194	8,215
Trade receivables	應收貿易賬款
(note b)	（附註b）	20,590	8,751	–	–
Prepayments and	預付款項及
other receivables	其他應收款項	513	240	204	223
		21,103	8,991	8,398	8,438

86 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

18. TRADE AND OTHER RECEIVABLES (Continued)

18. 應收貿易賬款及其他應收款項（續）

a) Amounts due from subsidiaries

a) 應收附屬公司款項

		The Company	The Company
		本公司
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Due from subsidiaries	應收附屬公司款項	45,232	45,253
Less: impairment loss	減：減值虧損	(37,038 )	(37,038 )
		8,194	8,215
The amounts due from subsidiaries are unsecured,		應收附屬公司款項為無抵押、不計息及
non-interest bearing and	have no fixed terms of	並無固定還款年期。

The amounts due from subsidiaries are unsecured, non-interest bearing and have no fixed terms of repayment.

b) Trade receivables

b) 應收貿易賬款

An aging analysis of trade receivables, net of impairment losses for bad and doubtful debts, is as follows:

應收貿易賬款（扣減呆壞賬減值虧損）之賬齡分析如下：

		The	Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Within 90 days	90天以內	9,759	6,682
91 to 180 days	91至180天	3,633	48
181 to 365 days	181天至365天	3,003	17
Over 365 days	365天以上	4,195	2,004
		20,590	8,751

Annual Report 2009 87 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

18. TRADE AND OTHER RECEIVABLES (Continued)

18. 應收貿易賬款及其他應收款項（續）

b) Trade receivables (Continued)

b) 應收貿易賬款（續）

The general credit terms of the Group range from a half year to two years. The Group may, on a case by case basis and after evaluation of the business relationship and creditworthiness, extend the credit period upon customers’ request.

本集團之一般信貸期由半年至兩年不等。本集團可逐次及於評估商業關係與信譽後，應客戶要求延長信貸期。

Ageing of past due but not impaired:

已逾期但未減值之應收貿易賬款賬齡分析如下：

	The Group 本集團 2009 2008 二零零九年二零零八年 RMB'000 RMB'000 人民幣千元人民幣千元
Overdue within 過期 2 years 兩年內	700 –
	700 –

Movements of impairment losses for bad and 呆壞賬減值虧損之變動載列如 doubtful debts are listed below: 下：

	The Group 本集團 2009 2008 二零零九年二零零八年 RMB'000 RMB'000 人民幣千元人民幣千元
At 1st January 於一月一日 Charge for the year 年內減值 Write-offs 撇賬 At 31st December 於十二月三十一日	650 650 925 – – –
	1,575 650

88 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

19. CASH AND CASH EQUIVALENTS

19. 現金及現金等價物

	The Group The Company 本集團本公司 2009 2008 2009 2008 二零零九年二零零八年二零零九年二零零八年 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元人民幣千元人民幣千元人民幣千元
Cash and bank deposits, 現金及銀行存款 denominated in – Hong Kong dollars －以港元為單位 – United States dollars －以美元為單位 – Renminbi －以人民幣為單位 Cash and cash equivalents財務狀況表內之 in the statement of 現金及現金等價物 financial position Cash and cash 綜合現金流量表內之 equivalents in 現金及現金等價物 the consolidated statement of cash flows	285 25 269 7 11 184 – 174 4,767 2,612 – –
	5,063 2,821 269 181
	5,063 2,821

Cash and cash equivalents of approximately RMB4,767,000 (2008: RMB2,612,000) are denominated in Renminbi, which is not a freely convertible currency and the remittance of funds out of the PRC is subject to the exchange restriction imposed by the PRC government.

現金及現金等價物約人民幣4,767,000 元（二零零八年：人民幣2,612,000元）之現金及現金等價物以人民幣為單位，人民幣並非一種自由兌換貨幣，從中國匯出資金須受中國政府實施之匯兌限制。

Annual Report 2009 89 二零零九年年報

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

Notes to the financial statements 財務報表附註

20. LOANS AND OTHER BORROWINGS

20. 貸款及其他借款

At 31 December 2009, loans and other borrowings were	At 31 December 2009, loans and other borrowings were	At 31 December 2009, loans and other borrowings were	於二零零九年十二月三十一日，貸款及	於二零零九年十二月三十一日，貸款及	於二零零九年十二月三十一日，貸款及
repayable as follows:			其他借款之償還年期如下：
		The Group		The Company
		本集團		本公司
		2009	2008	2009	2008
		二零零九年	二零零八年	二零零九年	二零零八年
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Within 1year	一年內	18,551	16,805	18,551	16,805
At 31 December 2009, loans and other borrowings were			於二零零九年十二月三十一日，貸款及
analysed as below:			其他借款之分析如下：
		The Group		The Company
		本集團		本公司
		2009	2008	2009	2008
		二零零九年	二零零八年	二零零九年	二零零八年
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Bank loans, secured	銀行貸款，有抵押
(note a)	（附註a）
– repayable within 1 year－於一年內償還		16,753	16,805	16,753	16,805
		16,753	16,805	16,753	16,805
Other borrowings	其他借款，無抵押
unsecured (note b),	（附註b）
repayable within 1 year	－於一年內償還	1,798	–	1,798	–
		18,551	16,805	18,551	16,805

90 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

20. LOANS AND OTHER BORROWINGS (Continued)

20. 貸款及其他借款（續）

a) At 31 December 2009, the Group’s and the Company’s bank loans of RMB16,753,000 (2008: RMB16,805,000) bear interests at rates of Hong Kong Dollar Inter Bank Offered Rate plus 2.75% per annum (2008: Hong Kong Dollar Inter Bank Offered Rate plus 2.75% per annum). These loans were secured by (i) properties held by Mr. Hung Yung Lai (“Mr. Hung”), a director of the Company, and Ms. Iu Pun, the spouse of Mr. Hung, and (ii) properties held by Sing Lee Pharmaceutical Import & Export Company Limited, a company owned by Mr. Hung and a controlling shareholder of the Company, Ms. Li Kei Ling (“Ms. Li”).
a) 於二零零九年十二月三十一日，本集團及本公司之銀行貸款人民幣16,753,000元（二零零八年：人民幣16,805,000元）按每年香港銀行同業拆息加2.75厘計算利息（二零零八年：按每年香港銀行同業拆息加2.75厘計算利息）。該等貸款以(i)本公司董事熊融禮先生（「熊先生」）及熊先生之配偶姚彬女士持有之物業；及(ii)熊先生與本公司之控股股東李其玲女士
（「李女士」）擁有之公司新利醫葯進出口有限公司持有之物業作抵押。
b) The other borrowings were unsecured and repayable within one year. At 31 December 2009, other borrowings of RMB1,798,000 of the Group and of the Company bear interests at rates of 3% per annum.
b) 其他借款為無抵押及須於一年內償還。於二零零九年十二月三十一日，本集團及本公司之其他借款人民幣1,798,000元，乃按每年 3厘計息。

Annual Report 2009 91 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

21. TRADE AND OTHER PAYABLES

21. 應付貿易賬款及其他應付款項

		項	項
		The Group		The Company
		本集團		本公司
		2009	2008	2009	2008
		二零零九年	二零零八年	二零零九年	二零零八年
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Trade payables (note a)	應付貿易賬款（附註a）	11,831	4,169	–	–
Deposits and receipts in	按金及預先向客戶
advance from	收取收入
customers		474	538	–	–
Accruals and	預提費用及
other payables	其他應付款項	2,872	3,876	911	914
Due to ultimate holding	應付最終控股公司
company (note b)	款項（附註b）	12	12	12	12
Due to fellow subsidiaries	應付同系附屬公司款項
(note c)	（附註c）	–	–	–	6,948
Due to directors (note d)	應付董事款項（附註d）	301	128	128	128
		15,490	8,723	1,051	8,002

a) An aging analysis of trade payables is as follows: a) 應付貿易賬款之賬齡分析如下：

		The Group	The Group	The Company	The Company
		本集團		本公司
		2009	2008	2009	2008
		二零零九年	二零零八年	二零零九年	二零零八年
		RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元
Within 90 days	90天以內	4,271	3,375	–	–
91 to 180 days	91天至180天	4,409	185	–	–
181 to 365 days	181天至365天	2,613	205	–	–
Over 365 days	365天以上	538	404	–	–
		11,831	4,169	–	–

92 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

21. TRADE AND OTHER PAYABLES (Continued)

21. 應付貿易賬款及其他應付款項 （續）

b) The amount due to Goldcorp Industrial Limited (“Goldcorp”) is unsecured, non-interest bearing and has no fixed terms of repayment. Goldcorp is owned by Mr. Hung Yung Lai, a director of the Company, and Great Song Enterprises Limited, a company owned by a controlling shareholder of the Company, Ms. Li Kei Ling.
b) 應付Goldcorp Industrial Limited （「Goldcorp」）款項為無抵押、不計息及並無固定還款年期。 Goldcorp由本公司董事熊融禮先生及由本公司控股股東李其玲女士擁有之公司Great Song Enterprises Limited擁有。
c) The amount due to fellow subsidiaries are unsecured, non-interest bearing and have no fixed terms of repayment.
c) 應付同系附屬公司款項為無抵押、不計息及並無固定還款年期。
d) The amounts due to directors are unsecured, non-interest bearing and have no fixed terms of repayment.
d) 應付董事款項為無抵押、不計息及並無固定還款年期。
e) All of the trade and other payables are expected to be settled within one year.
e) 所有應付貿易賬款及其他應付款項預期於一年內支付。

22. DEFERRED INCOME

22. 遞延收入

Deferred income represents the unamortized balance of revenue from provision of maintenance and other services which are recognised on a straight-line basis to the statement of comprehensive income over the period of service provided to customers.

遞延收入提供保養及其他服務之未攤銷收入餘額，乃於全面收益表內按向客戶提供服務之期間以直線法確認。

Annual Report 2009 93 二零零九年年報

23. SHARE CAPITAL

23. 股本

SHARE CAPITAL	23.股本
		The Group and
		the Company
		本集團及本公司
		2009	2008
		二零零九年	二零零八年
		HK$’000	HK$’000
		千港元	千港元
Authorised:	法定：
10,000,000,000	10,000,000,000股
(2008: 10,000,000,000)	（二零零八年：10,000,000,000股）
ordinary shares of HK$0.01 each	每股面值0.01港元之普通股	100,000	100,000
Issued and fully paid:	已發行及繳足：
663,200,000	663,200,000
(2008: 663,200,000)	（二零零八年：663,200,000股）
ordinary shares of HK$0.01 each	每股面值0.01港元之普通股	6,632	6,632
Equivalent to RMB’000	人民幣千元之等值	6,827	6,827

94 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

24. RESERVES

24. 儲備

a)	The Group a) 本集團 Attributable to equity holders of the Company 本公司權益持有人應佔 Statutory Share surplus Exchange Accumulated premium reserve reserve losses Total 法定股份溢價盈餘儲備匯兌儲備累計虧損總計 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元人民幣千元人民幣千元人民幣千元人民幣千元
	At 1 January 2008 於二零零八年一月一日 58,148 3,613 3,144 (83,220 ) (18,315 ) Issue of shares 己發行股份 during the year 14,503 – – – 14,503 Loss for the year 本年度虧損 – – – (4,240 ) (4,240 ) Exchange difference 換算外國實體 on translation 財務報表之 of financial statements 匯兌差額 of foreign entities – – 657 – 657
	At 31 December 2008 於二零零八年 and 1 January 2009 十二月三十一日及二零零九年一月一日 72,651 3,613 3,801 (87,460 ) (7,395 ) Profit for the year 本年度盈利 – – – 1,302 1,302 Exchange difference 換算外國實體 on translation 財務報表之 of financial statements 匯兌差額 of foreign entities – – 1,416 – 1,416
	At 31 December 2009 於二零零九年十二月三十一日 72,651 3,613 5,217 (86,158) (4,677)

Annual Report 2009 95 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

24. RESERVES (Continued)

24. 儲備（續）

b) The Company

b) 本公司

		Share	Capital	Exchange	Accumulated
		premium	reserve	reserve	losses	Total
		股份溢價	資本儲備	匯兌儲備	累計虧損	總計
		RMB’000	RMB’000	RMB’000	RMB’000	RMB’000
		人民幣千元	人民幣千元	人民幣千元	人民幣千元	人民幣千元
At 1 January 2008	於二零零八年一月一日	58,148	4,718	(77 )	(87,035 )	(24,246 )
Issue of shares	己發行股份
during the year		14,503	–	–	–	14,503
Loss for the year	本年度虧損	–	–	–	(8,961 )	(8,961 )
Exchange difference	換算外國實體
on translation	財務報表之
of financial statements	匯兌差額
of foreign entities		–	–	814	–	814
At 31 December 2008	於二零零八年
and 1 January 2009	十二月三十一日及
	二零零九年
	一月一日	72,651	4,718	737	(95,996 )	(17,890 )
Profit for the year	本年度盈利	–	–	–	4,983	4,983
Exchange difference	換算外國實體
on translation	財務報表之
of financial statements	匯兌差額
of foreign entities		–	–	30	–	30
At 31 December 2009	於二零零九年
	十二月三十一日	72,651	4,718	767	(91,013)	(12,877)

96 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

24. RESERVES (Continued)

c) Nature and purpose of reserves

(i) Share premium

The application of the share premium account is governed by section 40 of the Bermuda Companies Act 1981.

(ii) Statutory surplus reserve

The subsidiaries in the PRC are required to transfer 10% of their net profit, after offsetting prior years’ losses, as determined in accordance with the PRC accounting rules and regulations, to statutory surplus reserve until the reserve balance reaches 50% of the registered capital. The transfer to this reserve must be made before distribution of a dividend to shareholders.

Statutory surplus reserve can be used to make good previous years’ losses, if any, and may be converted into share capital by the issue of new shares to shareholders in proportion to their existing shareholdings or by increasing the par value of the shares currently held by them, provided that the balance after such issue is not less than 25% of their registered capital.

The directors of Singlee Software and Beijing Century resolved not to make any appropriation to the statutory surplus reserve for the years ended 31 December 2009 and 2008 as these subsidiaries have sustained loss after taking for the years.

24. 儲備（續）

c) 儲備之性質與目的

(i) 股份溢價股份溢價賬之應用受百慕達一九八一年公司法第40條監管。

(ii) 法定公積金

中國附屬公司須按中國會計制度，將其抵銷過往年度之虧損後之純利之10%轉撥至法定公積金，直至該儲備結餘達到註冊資本之50%。轉撥款項至此項儲備必須於分派股息予股東前作出。

法定公積金可用以抵銷過往年度之虧損（如有）；透過按股東現有持股量向股東發行新股份或增加該等股東持有股份面值將法定公積金轉換為股本，惟於該發行後，其結餘不得少於註冊資本之 25%。

由於此附屬公司連年錄得虧損，新利軟件及北京世紀之董事議決不會就截至二零零九年及二零零八年十二月三十一日止年度作出任何法定公積金撥款。

Annual Report 2009 97 二零零九年年報

24. RESERVES (Continued)

c) Nature and purpose of reserves

24. 儲備（續）

c) 儲備之性質與目的（續）

(Continued)

(ii) Statutory surplus reserve (Continued)

The directors of Singlee Technology resolved not to make any appropriation to the statutory surplus reserve for the year ended 31 December 2009 and 31 December 2008 as this subsidiary has sustained loss after taking into account prior years’ losses.

The directors of Singlee Zhuhai resolved not to make any appropriation to the statutory surplus reserve for the years ended 31 December 2009 as these subsidiaries have sustained loss after taking into account prior years’ losses. The directors of this Subsidiary resolved not to make any appropriation to the Statutory surplus reserve for the year ended 31 December 2008 as this Subsidiary has sustained loss for the years.

(iii) Exchange reserve

The exchange reserve comprises all foreign exchange differences arising from the translation of the financial statements of foreign operations. The reserve is dealt with in accordance with the accounting policy set out in note 3(h).

(iv) Capital reserve

The capital reserve of the Company represents the difference between the net asset value of subsidiaries acquired over the nominal value of shares issued by the Company.

(ii) 法定公積金（續）

由於經計及過往年度之虧損後此附屬公司持續錄得虧損，新利科技之董事議決不會就截至二零零九年十二月三十一日及二零零八年十二月三十一日止年度作出任何法定公積金撥款。

由於經計及過往年度之虧損後該等附屬公司持續錄得虧損，新利珠海之董事議決不會就截至二零零九年十二月三十一日止年度作出任何法定公積金撥款。由於此附屬公司連年錄得虧損，該等附屬公司之董事議決不會就截至二零零八年十二月三十一日止年度作出任何法定公積金撥款。

(iii) 匯兌儲備

匯兌儲備包括所有由換算海外業務之財務報表產生之外匯兌換差額。此儲備已根據載於附註3(h)之會計政策處理。

(iv) 資本儲備

本公司之資本儲備指被收購附屬公司之資產淨值與本公司所發行股份之面值兩者間之差額。

98 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

24. RESERVES (Continued)

24. 儲備（續）

c) Nature and purpose of reserves (Continued)

c) 儲備之性質與目的（續）

(v) Differences between financial statements prepared under PRC accounting rules and regulations and IFRSs
PRC accounting rules and regulations required the subsidiaries registered in the PRC to provide for staff and worker’s bonus and welfare fund, which are appropriated from net profit after tax, after offsetting prior years’ losses, as determined under PRC accounting rules and regulations, but before distribution of a dividend to shareholders. Appropriation to the staff and workers’ bonus and welfare fund is at the discretion of the directors of such subsidiaries. The staff and worker’s bonus and welfare fund can only be utilized on special bonuses or capital items for the collective benefits of the employees of the individual subsidiary such as the construction of dormitories, canteen and other staff welfare facilities. The fund is non-distributable other than in liquidation. When the relevant assets are disposed of or written off, the original transfers from the fund are reversed. Under IFRSs, appropriations to the fund have been included as expenses and the balance of the fund as a liability of the Group. The directors of such subsidiaries resolved not to make any appropriation to the fund for the years ended 31 December 2009 and 2008.
(v) 根據中國會計規則及條例及國際財務報告準則編製之財務報表間之差異
中國會計規則及條例規定，在中國註冊的附屬公司須提供職工獎勵及褔利基金，有關基金由除稅後純利中撥出，並已抵銷往年度之虧損
（根據中國會計規則及條例釐定），但未計向股東分派之股息。職工獎勵及褔利基金之提取由有關附屬公司董事酌情決定。職工獎勵及褔利基金只作為員工派發特別花紅或該附屬公司集體公業的資本項目時方可使用，如興建宿舍、飯堂及其他員工褔利設施。除清盤外，基金不得分派。當出售或撇銷相關資產時，基金之轉出將予撥回。根據國際財務報告準則，基金分配列示為費用，基金結餘則列為本集團負債。該等附屬公司之董事議決於截至二零零九年及二零零八年十二月三十一日止年度不向基金撥款。

There are no other material differences between the Group’s financial statements prepared in accordance with PRC accounting rules and regulations and IFRSs.

根據中國會計規則及條例及國際財務報告準則編製之本集團財務報表並無其他重大差異。

Annual Report 2009 99 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

24. RESERVES (Continued)

24. 儲備（續）

d) Distributability of reserves

d) 儲備之可分派性

Under the Companies Act 1981 of Bermuda (“Companies Act”), share premium and capital reserve are distributable to shareholders, subject to the condition that the Company cannot declare or pay a dividend, or make a distribution out of share premium and capital reserve if (i) it is, or would after the payment be, unable to pay its liabilities as they become due, or (ii) the realisable value of its assets would thereby be less than the aggregate of its liabilities and its issued share capital account.

根據百慕達一九八一年公司法（「公司法」），股份溢價及資本儲備可分派予股東，惟倘若(i)本公司無法或於派付股息後將無法償還到期之負債，或(ii)其資產之可變現價值將因派付股息而低於其負債及其已發行股本賬目之總數，則本公司不可宣派或派付股息、或自股本溢價及資本儲備作出分派。

As at 31 December 2009 and 2008, the Company had no reserve available for distribution to equity holders of the Company.

於二零零九年及二零零八年十二月三十一日，本公司並無可供分派予本公司權益持有人之儲備。

e) Capital risk management

e) 資本風險管理

The Group’s primary objectives when managing capital are to safeguard the group’s ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other shareholders, by pricing products commensurately with the level of risk and by securing access to finance at a reasonable cost.

本集團管理資本之首要目標乃保障本集團能夠繼續根據持續經營基準經營，從而透過與風險水平相對應之產品及服務定價以及獲得合理成本的融資，繼續為股東提供回報及為其他利益相關者提供利益。

The Group actively and regularly reviews and manages its capital structure to maintain a balance between the higher shareholder returns that might be possible with higher levels of borrowings and the advantages and security afforded by a sound capital position, and makes adjustments to the capital structure in light of changes in economic conditions.

本集團積極及定期對資本架構開展檢討及管理，以在較高股東回報情況下可能伴隨之較高借貸水平與良好的資本狀況帶來的好處及保障之間取得平衡，並因應經濟環境的變化對資本架構作出調整。

100 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

24. RESERVES (Continued)

e) Capital risk management (Continued)

Consistently with others in the industry, the Group monitors capital on the basis of the debt-to-adjusted capital ratio. This ratio is calculated as net debt divided by adjusted capital. Net debt is calculated as total debt (as shown in the statement of financial position) less cash and cash equivalents. Adjusted capital comprises all components of equity other than amounts recognized in equity relating to cash flow hedges, and includes some forms of subordinated debt.

During 2009, as in the past few years as well, the Group has been in an effort to gradually improve the net debt-to-adjusted capital ratio to a reasonable level. In order to maintain or adjust the ratio, the Group may adjust the amount of dividend paid to shareholders, return capital to shareholders, issue new share, raise new debt financing or sell assets to reduce debt.

24. 儲備（續）

e) 資本風險管理（續）

和其他同業一樣，本集團以經調整負債資本比率淨額作為監控資本的基準。此比率按淨負債除以總資本計算。淨負債按總負債（載於財務狀況表）減去現金及現金等價物計算。經調整資本包括所有權益成份（除確認於有關現金流量對沖之權益之款項外），並包括後償債項部分形式。

於二零零九年期間，與過去幾年一樣，本集團致力逐步改善經調整負債資本比率淨額至一個合理水平。為保持或調整比率，本集團可能調整支付予股東之股息、歸還資本予股東、發行新股、提高負債融資或出售資產以減低負債。

Annual Report 2009 101 二零零九年年報

24. RESERVES (Continued)

24. 儲備（續）

e) Capital risk management (Continued)

e) 資本風險管理（續）

e) Capital risk managemen	t(Continued) e) 資本	風險管理（續）	風險管理（續）
		The Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB’000	RMB’000
		人民幣千元	人民幣千元
Current liabilities:	流動負債：
Loans and other borrowings	貸款及其他借貸	18,551	16,805
Trade and other payables	應付貿易賬款及其他應付款項	15,490	8,723
Deferred income	遞延收入	241	420
		34,282	25,948
Less: cash and cash equivalents	減：現金及現金等價物	(5,063 )	(2,821 )
Net debt	負債淨額	29,219	23,127

Total equity	權益總額	2,150	(568 )
Less: dividend paid	減：已付股息	–	–
Adjusted capital	經調整資本	2,150	(568 )
Net debt-to-adjusted capital ratio	經調整負債資本比率淨額	1,359%	N/A不適用*

Adjusted capital has remained in a negative position throughout * 於二零零八期間，經調整資本保持負數 2008. 狀況。

102 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

25. EMPLOYEE SHARE OPTION

25. 僱員購股權

Pursuant to the share option scheme (the “Scheme”) adopted on 27 August 2001, the directors may at their discretion grant options to employees (including directors of the Company) of the Group and other persons who, in the sole discretion of the board of the directors, have contributed to the Group (“Participants”). The Scheme enables the Company to grant share options to Participants as incentives or rewards for their contribution to the Group. The Scheme would be valid and effective for a period of ten years commencing on the adoption date. Each option gives the holder the right to subscribe for one ordinary share in the Company.

根據於二零零一年八月二十七日所採納之僱員購股權計劃（「該計劃」），董事可全權酌情決定向僱員（包括本公司的董事）及其他對本集團有貢獻之人士（合稱為「參與者」）授予購股權，主要目的是讓本公司授出購股權予參與者，作為給予彼等對本集團的貢獻的獎勵和報酬。該計劃由採納當日起生效，為期十年。每份購股權賦予其持有人權利可認購一股本公司普通股。

The maximum number of shares in respect of which options may be granted under the Scheme shall not exceed 30% of the issued share capital of the Company from time to time. After the listing of the shares on GEM, the total number of shares which may be issued upon the exercise of all options to be granted under the Scheme and any other schemes must not in aggregate exceed 10% of the shares in issue upon completion of placing, capitalisation issue and other shares to be issued upon the exercise of the over-allotment option in connection with the listing of the shares on GEM. According to the Scheme, the total number of shares available for issue as at 31 December 2009 is 66,320,000 (2008: 66,320,000) shares.

根據該計劃將予授出之購股權之股份上限不得超逾本公司不時之已發行股本的 30%。於股份在創業板上市後，根據該計劃及任何其他計劃可能獲授於的購股權項下可供發行的股份總數合共不得超過完成配售、資本化發行及因行使超額配股權可能予以發行的其他股份後已於創業板已發行股份的10%。根據該計劃於二零零九年十二月三十一日可授出之購股權為66,320,000股（二零零八年： 66,320,000股）。

The total number of shares issued and to be issued upon the exercise of options granted and to be granted to each Participant (including both exercised and outstanding options) in any 12 month period up to the date of grant must not exceed 1% of the shares in issue at the date of grant.

The subscription shall be at a price determined by the board of directors at its absolute discretion and shall not be less than the higher of the closing price of the shares on the date of grant of the option and the average closing price of the shares for the five business days immediately preceding the date of grant of the option.

認購價須由董事會全權決定，惟該價格將不少於授出購股權當日的股份收市價及授出購股權日期前五個營業日的平均收市價這兩者中的較高者。

Annual Report 2009 103 二零零九年年報

25. EMPLOYEE SHARE OPTION (Continued)

25. 僱員購股權（續）

An option may be exercised in accordance with the terms of the Scheme at any time during a period notified by the board to each grantee but may not be exercised after the expiry of ten years from the date of grant.

購股權可於董事會通知各承授人的期間內隨時根據購股權計劃的條款行使，但不可於授出日期後十年屆滿期後行使。

On 8 April 2002 the Company granted 60,230,000 options to subscribe for shares in the Company under the Scheme at an exercise price of HK$0.614 per share to its employees (including three executive directors) of the Group. Shares of the Company were at closing price of HK$0.58 immediately before the day on which options were granted. Share options granted are subject to a vesting scale in tranches of 33.3 per cent each per annum starting from five months after the date of grant and fully vested in five months after the second anniversary of the date of grant, providing that the grantees remain under the employ of the Group. The vested share options are exercisable within ten years of the grant date.

本公司按該計劃於二零零二年四月八日向其名僱員（包括3位執行董事）授予 60,230,000股股份之購股權，該批股權之行使價為每股港幣0.614元。在購股權授於前一個交易日，本公司的股票收市價為每股港幣0.58元。由授出日期當日起計五個月開始，已授出購股權會按每年33.3%之規模分批歸屬，並於授出日期第二週年後五個月全數歸屬，條件為承授人須仍然為本集團僱員。已歸屬購股權可於授出日期起計十年內予以行使。

On 1 June 2004 the Company granted 10,000,000 options to subscribe for shares in the Company under the scheme at an exercise price of HK$0.14 per share to two chief executives of the Group. Shares of the Company were at closing price of HK$0.14 immediately before the day on which options were granted. The vested share options are exercisable within ten years of the grant date. All share options granted on 1 June 2004 were forfeited during the year ended 31 December 2005.

本公司按該計劃於二零零四年六月一日向兩名高級管理層員工授予 10,000,000股股份之購股權，該批股權之行使價為每股港幣0.14元。在購股權授於前一個交易日，本公司的股票收市價為每股港幣0.14元。已歸屬購股權可於授出日期起計十年內予以行使。於二零零四年六月一日授出之所有購股權已於截至二零零五年十二月三十一日止年度沒收。

104 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

25. EMPLOYEE SHARE OPTION (Continued)

25. 僱員購股權（續）

On 9 October 2007 the Company granted 47,550,000 options to subscribe for shares in the Company under the Scheme at an exercise price of HK$0.368 per share to its employees of the Group. Shares of the Company were at closing price of HK$0.36 immediately before the day on which options were granted. Share options granted are subject to a vesting scale in tranches of 5 per cent starting from six months after the date of grant and fully vested after the third anniversary of the date of grant, providing that the grantees remain under the employ of the Group. The vested share options are exercisable within ten years of the grant date.

本公司按該計劃於二零零七年十月九日向其僱員授予47,550,000股股份之購股權，該批股權之行使價為每股港幣0.368元。在購股權授於前一個交易日，本公司的股票收市價為每股港幣 0.36元。由授出日期當日起計六個月開始，已授出購股權會按5%之規模分批歸屬，並於授出日期第三週年後全數歸屬，條件為承授人須仍然為本集團僱員。已歸屬購股權可於授出日期起計十年內予以行使。

a) Movements in share options

a) 購股權之變動

Movements in share options a) 購股權之變動	Movements in share options a) 購股權之變動
2009 2008 二零零九年二零零八年 Weighted Weighted average average exercise Number exercise Number price of options price of options 加權平均購股權加權平均購股權行使價數目行使價數目 HK$ ’000 HK$ ’000 港元千股港元千股
Outstanding at 於一月一日尚未行使 1 January 0.386 Cancelled 已被註銷 – Lapsed 已失效 0.368 Outstanding at 於十二月三十一日 31 December 尚未行使 0.391 Options vested at 於十二月三十一日 31 December 已歸屬 0.411 The options outstanding at 31 December 2009 had an exercise price of HK$0.614 and HK$0.368 (2008: HK$0.614 and HK$0.368) and a weighted average remaining contractual life of 7.25 years (2008: 8.38 years).	44,000 0.388 51,750 – – – (10,520 ) 0.401 (7,750 ) 33,480 0.386 44,000 18,330 0.452 9,303 於二零零九年十二月三十一日之尚未行使購股權之行使價為0.614 港元及0.368港元（二零零八年： 0.614港元及0.368港元）及加權平均餘下合約年期為7.25年（二零零八年：8.38年）。

Movements in share options
a)
購股權之變動

2009
2008
二零零九年
二零零八年
Weighted
Weighted
average
average
exercise
Number
exercise
Number
price
of options
price
of options
加權平均
購股權
加權平均
購股權
行使價
數目
行使價
數目
HK$
’000
HK$ ’000
港元
千股
港元
千股

Outstanding at
於一月一日尚未行使
1 January
0.386
Cancelled
已被註銷
–
Lapsed
已失效
0.368
Outstanding at
於十二月三十一日
31 December
尚未行使
0.391
Options vested at
於十二月三十一日
31 December
已歸屬
0.411
The options outstanding at 31 December 2009 had
an exercise price of HK$0.614 and HK$0.368 (2008:
HK$0.614 and HK$0.368) and a weighted average
remaining contractual life of 7.25 years (2008: 8.38
years).

44,000
0.388
51,750
–
–
–
(10,520 )
0.401
(7,750 )
33,480
0.386
44,000
18,330
0.452
9,303
於二零零九年十二月三十一日之
尚未行使購股權之行使價為0.614
港元及0.368港元（二零零八年：
0.614港元及0.368港元）及加權
平均餘下合約年期為7.25年（二零
零八年：8.38年）。

Annual Report 2009 105 二零零九年年報

25. EMPLOYEE SHARE OPTION (Continued)

25. 僱員購股權（續）

a) Movements in share options (Continued)

a) 購股權之變動（續）

The following table discloses the details of the 下表披露董事及僱員所持購股權 share options held by directors and employees and 之詳情及於二零零九年之購股權 movements in such holdings during year 2009: 變動：

Name of directors/employees 董事╱僱員姓名	Outstanding Outstanding as at Lapsed as at 1 January during 31 December 2009 the year 2009 於二零零九年於二零零九年一月一日於年內十二月三十一日尚未行使失效尚未行使
Options granted on 8 April 2002 於二零零二年四月八日授出之購股權 Cui Jian (director) 崔堅（董事） Other employees (other than directors) 其他僱員（不包括董事） Options granted on 9 October 2007 於二零零七年十月九日授出之購股權 Chan Kam Fai (Chief Executive Officer) 陳錦輝（行政總裁） (Note 1) （附註1） Other employees (other than directors) 其他僱員（不包括董事）	3,180,000 – 3,180,000 – – –
	3,180,000 – 3,180,000 6,000,000 (6,000,000 ) – 34,820,000 (4,520,000 ) 30,300,000
	44,000,000 (10,520,000) 33,480,000

Note:

附註：

1 Mr. Chan Kam Fai has tendered his resignation as the Chief Executive Officer of the Group due to his own career development with effect from 23 October 2008.

陳錦輝先生因其個人事業發展而辭去本集團行政總裁之職務，由二零零八年十月二十三日起生效。

106 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

25. EMPLOYEE SHARE OPTION (Continued)

25. 僱員購股權（續）

a) Movements in share options (Continued)

a) 購股權之變動（續）

The following table discloses the details of the 下表披露董事及僱員所持購股權 share options held by directors and employees and 之詳情及於二零零八年之購股權 movements in such holdings during year 2008: 變動：

Name of directors/employees 董事╱僱員姓名	Outstanding Outstanding as at Lapsed as at 1 January during the 31 December 2008 year 2008 於二零零八年於二零零八年一月一日於年內十二月三十一日尚未行使失效尚未行使
Options granted on 8 April 2002 於二零零二年四月八日授出之購股權 Cui Jian (director) 崔堅（董事） Other employees (other than directors) 其他僱員（不包括董事） Options granted on 9 October 2007 於二零零七年十月九日授出之購股權 Chan Kam Fai (Chief Executive Officer) 陳錦輝（行政總裁） (Note 1) （附註1） Other employees (other than directors) 其他僱員（不包括董事）	3,180,000 – 3,180,000 1,020,000 (1,020,000 ) –
	4,200,000 (1,020,000 ) 3,180,000 6,000,000 – 6,000,000 41,550,000 (6,730,000 ) 34,820,000
	51,750,000 (7,750,000) 44,000,000

Note:

附註：

1 Mr. Chan Kam Fai has tendered his resignation as the Chief Executive Officer of the Group due to his own career development with effect from 23 October 2008.

陳錦輝先生因其個人事業發展而辭去本集團行政總裁之職務，由二零零八年十月二十三日起生效。

Annual Report 2009 107 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

25. EMPLOYEE SHARE OPTION (Continued) 25. 僱員購股權（續）

b) Terms of unexpired and unexercised b) 截至申報期完結已屆滿及未 s h a re o p t i o n s a t t h e e n d o f t h e 行使購股權之條款 reporting period

s h a re o p t i o n s a t t h e e n d o f t h e reporting period 行使購	股權之條款
Remaining Exercise Date granted Exercise period contractual life price HK$ 授出日期行使期間餘下合約年期行使價港元	Number of options 2009 2008 ’000 ’000 購股權數目二零零九年二零零八年千股千股
8 April 2002 7 September 2002 2.27 years 0.614 二零零二年四月八日 to 7 April 2012 2.27年二零零二年九月七日至二零一二年四月七日 8 April 2002 7 September 2003 2.27 years 0.614 二零零二年四月八日 to 7 April 2012 2.27年二零零三年九月七日至二零一二年四月七日 8 April 2002 7 September 2004 2.27 years 0.614 二零零二年四月八日 to 7 April 2012 2.27年二零零四年九月七日至二零一二年四月七日 9 October 2007 8 April 2008 7.77 years 0.368 二零零七年十月九日 to 8 October 2017 7.77年二零零八年四月八日至二零一七年十月八日 9 October 2007 8 October 2008 7.77 years 0.368 二零零七年十月九日 to 8 October 2017 7.77年二零零八年十月八日至二零一七年十月八日 9 October 2007 8 October 2009 7.77 years 0.368 二零零七年十月九日 to 8 October 2017 7.77年二零零九年十月八日至二零一七年十月八日 9 October 2007 8 October 2010 7.77 years 0.368 二零零七年十月九日 to 8 October 2017 7.77年二零一零年十月八日至二零一七年十月八日	1,060 1,060 1,060 1,060 1,060 1,060
	3,180 3,180 1,515 2,041 3,030 4,082 10,605 14,287 15,150 20,410
	30,300 40,820
	33,480 44,000

108 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

Notes to the financial statements 財務報表附註

(Expressed in Renminbi) （以人民幣為單位）

25. EMPLOYEE SHARE OPTION (Continued)

25. 僱員購股權（續）

b) Terms of unexpired and unexercised s h a re o p t i o n s a t t h e e n d o f t h e reporting period (Continued)
b) 截至申報期完結已屆滿及未行使購股權之條款（續）

In prior years, no amounts were recognised when employees (which term includes the directors of the Company) were granted share options over shares in the Company has taken advantage of the transitional provisions set out in paragraph 53 of IFRS 2 under which the recognition and measurement policies have not been applied to (i) all options granted to employees on or before 7 November 2002. and (ii) all options granted to employees after 7 November 2002 but which had vested before 1 January 2005. If the employees chose to exercise the options, the nominal amount of share capital and share premium were credited only to the extent of the option’s exercise price receivable.

本集團受惠於國際財務報告準則第2號第53段所載之過渡條文，因此，確認及計量政策並不適用 (i)於二零零二年十一月七日或之前授予僱員之所有購股權及(ii)於二零零二年十一月七日後授予僱員但於二零零五年一月一日前已歸屬的所有購股權，故於過往年度當僱員獲授涉及本公司股份之購股權時並無確認任何金額。倘若僱員選擇行使購股權，股本及股份溢價面值金額僅以可收取購股權行使價為限計入。

c) Terms of share options granted after the end of the reporting period
c) 於申報期完結後已授予購股權之條款

On 19 January 2010 the Company granted 20,900,000 options to subscribe for shares in the Company under the Scheme at an exercise price of HK$0.20 per share to its directors and employees of the Group. Shares of the Company were at closing price of HK$0.20 immediately before the day on which options were granted. Share options granted are subject to a vesting scale in tranches of 5 per cent starting from six months after the date of grant and fully vested after the third anniversary of the date of grant, providing that the grantees remain under the employ of the Group. The vested share options are exercisable within ten years of the grant date.

本公司按該計劃於二零一零年一月十九日向其董事及僱員授予 20,900,000股股份之購股權，該批股權之行使價為每股港幣0.20 元。在購股權授於前一個交易日，本公司的股票收市價為每股港幣0.20元。由授出日期當日起計六個月開始，已授出購股權會按5%之規模分批歸屬，並於授出日期第三週年後全數歸屬，條件為承授人須仍然為本集團董事及僱員。已歸屬購股權可於授出日期起計十年內予以行使。

Annual Report 2009 109 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

26. RETIREMENT BENEFITS SCHEME

26. 退休福利計劃

The Group operates a Mandatory Provident Fund Scheme (the “MPF scheme”) under the Hong Kong Mandatory Provident Fund Schemes Ordinance for employees employed under the jurisdiction of the Hong Kong Employment Ordinance. The MPF scheme is a defined contribution retirement scheme administered by independent trustees. Under the MPF scheme, the employer and its employees are each required to make contributions to the scheme at 5% of the employees’ relevant income, subject to a cap monthly relevant income of HK$20,000. Contributions to the scheme vest immediately.

本集團根據香港強制性公積金計劃條例，為根據香港僱傭條例受僱之僱員管理強制性公積金計劃（「強積金計劃」）。強積金計劃乃由獨立信託人管理之定額供款退休計劃。根據強積金計劃，僱主及其僱員各自須按僱員之有關收入之5%作出供款，惟以每月有關收入20,000港元為上限。向計劃作出之供款即時歸僱員所有。

As stipulated by the rules and regulations in the PRC, subsidiaries established in the PRC Singlee Software, Singlee Technology, Singlee Zhuhai and Beijing Century participate in defined contribution retirement schemes organized by the relevant local government authorities in Mainland China. Each employee covered by these schemes is entitled, after retirement, to a pension payment equal to the basic salary of the employees as of their retirement dates. Singlee Software, Singlee Technology, Singlee Zhuhai and Beijing Century are required to make monthly contributions to the retirement scheme, up to the time of retirement of the eligible employees, at 20%, 20%, 10% and 20% respectively of their basic salaries. The local government authorities are responsible for the pension liabilities to these retired employees.

如中國規則與規例所訂明，本集團於中國成立之附屬公司（新利軟件、新利科技、新利珠海及北京世紀）已參與由中國有關地方政府機關舉辦之定額供款退休金計劃。參加該等退休金計劃之僱員於退休後可收相等於其退休時基本工資之退休金。新利軟件、新利科技、新利珠海及北京世紀需在僱員退休前按其基本工資之20%、20%、10%及20%分別在每月向退休金計劃作出供款，支付退休金之責任則由有關地方政府機關負責。

At 31 December 2009, the Group had no significant obligation apart from the contribution as stated above (2008: Nil).

於二零零九年十二月三十一日，除上述退休金供款外本集團並無其他重大責任（二零零八年：無）。

110 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

26. RETIREMENT BENEFITS SCHEME

26. 退休福利計劃（續）

(Continued)

Details of the pension contributions made by the Group, which have been dealt with in the consolidated results of operations of the Group for the current year, were as follows:

於本年內，本集團向僱員退休金計劃之供款已計入綜合經營業績內，其詳情如下：

	The	Group
	本集團
	2009	2008
	二零零九年	二零零八年
	RMB'000	RMB'000
	人民幣千元	人民幣千元
Contributions to retirement benefits	退休福利計劃供款
scheme	963	660

27. FINANCIAL INSTRUMENTS

27. 金融工具

The Group’s financial assets include cash and cash equivalents, trade and other receivables. The Group’s financial liabilities include bank and other borrowings, trade and other payables.

本集團之金融資產包括現金及現金等價物、應收貿易賬款及其他應收款項。本集團之金融負債包括銀行及其他借貸、應付貿易賬款及其他應付款項。

The Group does not have nor has issued financial instruments for trading purposes. Exposure to credit, interest, liquidity and currency risks arises in the normal course of the Group’s business. These risks are limited by the Group’s financial management policies and practices described below.

本集團並無或發行金融工具以作貿易用途。本集團在日常業務過程中承受著多種風險，包括信貸風險、利率風險、流動資金風險及貨幣風險。本集團採納下文所述之財務管理政策及慣例來管理風險。

a) Credit risk

a) 信貸風險

The Group’s credit risk is primarily attributable to trade and other receivables. Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Credit evaluations are performed on all customers requiring credit over a certain amount. The Group does not require collateral in respect of financial assets.

本集團之信貸風險主要與應收貿易賬款及其他應收款項有關。管理層設定了既定之信貸政策，並持續監察集團所面對之信貸風險。本集團會對所有客戶所需若干款額信貸進行信貸評估。本集團有關之財務資產無須抵押品。

At the end of reporting period, the maximum exposure to credit risk is represented by the carrying amount of each financial asset in the statement of financial position. The Group has no significant concentrations of credit risk.

截至申報期完結，信貸風險之最高值已於財務狀況表中按各財務資產之賬面值呈列。本集團並無任何高度集中信貸風險。

Annual Report 2009 111 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

27. FINANCIAL INSTRUMENTS (Continued)

27. 金融工具（續）

b) Interest rate risk

b) 利率風險

The Group’s exposure to fair value and cash flow interest risks is normal. The Group is exposed to interest rate risk related to its loans and borrowings. In order to minimise the risks, management has closely monitored the exposures.

本集團之公平值及現金流量利率風險屬正常程度。本集團因其貸款及借款而面對利率風險。為將風險減至最低，管理層已密切監察有關風險。

The interest rates and terms of repayment of the Group’s bank borrowings are disclosed in note 20.

本集團銀行借款之利率及還款年期於附註20作披露。

c) Liquidity risk

c) 流動資金風險

Individual operating entities within the Group are responsible for their own cash management, including the short term investment of cash surpluses and the raising of loans to cover expected cash demands, subject to approval by the parent company’s board when the borrowings exceed certain predetermined levels of authority. The Group’s policy is to regularly monitor current and expected liquidity requirements and its compliance with lending covenants, to ensure that it maintains sufficient reserves of cash and readily realisable marketable securities and adequate committed lines of funding from major financial institutions to meet its liquidity requirements in the short and longer term.

本集團旗下之獨立營運實體須自行負責現金管理工作，包括現金盈餘之短期投資及籌措貸款以應付預期現金需求，惟當借款超出機關批准之若干預定水平，則須獲母公司董事會之批准方可作實。本集團之政策是定期監察即期及預期流動資金所需及本身遵守借貸契諾，以確保集團維持充裕之現金儲備及可隨時變現之市場流通證券，以及從主要財務機構取得足夠之承諾信貸融資，以應付其短期及長期流動資金需求。

d) Foreign currency risk

d) 外匯風險

A substantial-portion of the Group’s revenue-generating operations and its expenses are transacted in Renminbi. Renminbi is not freely convertible into foreign currencies. All foreign exchange transactions involving Renminbi must take place through the People’s Bank of China (“PBOC”) or other institutions authorised to buy and sell foreign exchange. The exchange rates adopted for the foreign exchange transactions are the rates of exchange quoted by the PBOC. On 21 July 2005, with the authorisation from the PRC government, the PBOC announced that the PRC government reformed the exchange rate regime by moving into a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies.

本集團絕大部分產生收益之業務及其開支均以人民幣進行交易。人民幣不能自由兌換為外幣。所有涉及人民幣之外匯交易必須通過中國人民銀行（「人行」），或獲授權買賣外匯之其他機構進行。外匯交易所採用之匯率為人行所公佈之匯率。於二零零五年七月二十一日，在中國政府授權下，人行宣佈中國政府就匯率制度進行改革，匯率制度改為以市場供求為基準，參考一籃子外幣計算之管理浮動匯率制度。

112 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

27. FINANCIAL INSTRUMENTS (Continued)

27. 金融工具（續）

d) Foreign currency risk (Continued)

d) 外匯風險（續）

Foreign currency payments, including the remittance of earnings outside the PRC, are subject to the availability of foreign currency (which depends on the foreign currency denominated earnings of the Group) or must be arranged through the PBOC with government approval.

以外幣支付之款項（包括把收益匯出中國境外）受可供動用之外幣所限（視乎本集團以外幣計值之收益而定）或必須透過中國人民銀行安排，並須得到政府批准。

e) Fair value

e) 公平值

The carrying amounts of significant financial assets and liabilities approximate their respective fair values as at 31 December 2009 and 2008.

於二零零九年及二零零八年十二月三十一日，重大財務資產及負債之面值約為彼各自之公平值。

(i) Cash and cash equivalents, trade and other receivables, and trade and other payables

The carrying values approximate their fair values because of the short maturities of these items.

(i) 現金及現金等價物、應收貿易賬款及其他應收款項與應付貿易賬款及其他應付款項
- 由於該此等項目之到期日短，彼等之賬面值約為其公平值。
(ii) Loans and borrowings

The carrying amount of loans and borrowings approximates their fair values based on the borrowing rates currently available for loans and borrowings with similar terms and maturities.

(ii) 貸款及借款
貸款及借款之賬面值約為彼等根據目前與其年期及到期日相似之貸款及借款所取得之借貸息率計算之公平值。

f) Economic risk

f) 經濟風險

The Group’s operations may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the Government of the People’s Republic of China (“PRC Government”) has been pursuing economic reform policies for the past years, no assurance can be given that the PRC Government will continue to pursue such policies or that such policies may not be significantly altered.

本集團業務可受中國之重大政治、經濟及社會不明朗因素所嚴重影響。雖然中華人民共和國政府（「中國政府」）在過去一直推行經濟改革政策，惟無法保證中國政府將繼續推動有關政策或有關政策不會大幅修改。

Annual Report 2009 113 二零零九年年報

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度） (Expressed in Renminbi) （以人民幣為單位）

27. FINANCIAL INSTRUMENTS (Continued)

27. 金融工具（續）

g) Business risk

g) 業務風險

A substantial portion of the Group’s operations is conducted in the PRC. This includes risks associated with, among others, the political, economic and legal environment in the PRC.

本集團大部份業務均在中國進行。此包括之風險（但不限於）中國之政治、經濟及法制環境。

h) Liquidity risks

h) 流動資金風險

The Group maintains a prudent financial policy and ensures that it maintains sufficient cash resources to meet its liquidity requirements.

本集團將會維持審慎之財務政策，並確保其維持充足現金來源應付其流動資金需求。

i) Sensitivity analysis

i) 敏感度分析

In managing interest rate and foreign currency risks the Group aims to reduce the impact of short-term fluctuations on the Group’s loss. Over the longer term, however, permanent changes in foreign exchange and interest rates would have an impact on consolidated loss. At 31 December 2009, it is estimated that a general decrease of one percentage point in interest rates would increase the Group’s profit/(loss) before taxation by approximately RMB185,000 (2008: RMB168,000 profit) so far as the effect on interestbearing financial instruments is concerned.

本集團於管理利率及外匯風險之目之乃降低其對本集團收益之短期波動影響。長期而言，外幣及利率風險之永久變動將對綜合虧損產生影響。於二零零九年十二月三十一日，估計若利率整體下跌一個百分點，在對計息金融工具造成影響之情況下，會導致本集團之除稅前盈利╱（虧損）增加約人民幣185,000元（二零零八年：人民幣168,000元盈利）。

28. MATERIAL RELATED PARTY TRANSACTIONS

28. 重大關聯方交易

In addition to the transactions and balances disclosed elsewhere in these financial statements, the Group had the following material related party transactions during the year.

除該等財務報表其他部分所披露之該等交易及結餘外，本集團年內進行下列重大關聯方交易。

114 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

28. MATERIAL RELATED PARTY TRANSACTIONS (Continued)

28. 重大關聯方交易（續）

Key management personnel remuneration

主要管理層人員酬金

Remuneration for key management personnel, including amounts paid to the Company’s directors as disclosed in note 10, is as follows:

主要管理層人員酬金如下，其中包括支付予本公司董事之款項（於附註10披露）：

		The	Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Short-term employee benefits	短期僱員福利	1,697	1,754
Retirement scheme contributions	退休計劃供款	154	51
Total	合計	1,851	1,805

Total remuneration is included in “staff costs” (see note 8).

酬金總額載於「員工成本」（見附註8）項下。

Annual Report 2009 115 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

29. OPERATING LEASE COMMITMENTS

29. 經營租賃承擔

At 31 December 2009, the Group had total future minimum lease payments under non-cancellable operating lease in respect of premises as follows:

於二零零九年十二月三十一日，根據有關物業之不可撤銷經營租賃租約，本集團須於未來支付之最低租金總額如下：

a) As lessor

a) 作為出租人

The Group leases out part of its leased properties under operating lease. The leases typically run for an initial period of one year, with an option to renew the lease after that date at which all terms are renegotiated. None of the leases includes contingent rentals.

本集團將其根據經營租賃租用之部分物業出租。一般來說，租約之初步年期為一年，並附有選擇權可於重新磋商所有條款之日後重續租約。該等租約概無包括或然租金。

At 31 December 2009, the Group’s total future minimum lease receivables under non-cancellable operating lease are as follows:

於二零零九年十二月三十一日，根據不可撤銷經營租賃租約，本集團於未來應收之最低租金總額如下：

		The	Group
		本集團
		2009	2008
		二零零九年	二零零八年
		RMB'000	RMB'000
		人民幣千元	人民幣千元
Within one year	一年內	–	–

116 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

29. OPERATING LEASE COMMITMENTS (Continued)

29. 經營租賃承擔（續）

b) As lessee

b) 作為承租人

At 31 December 2009, the total future minimum lease payables under non-cancellable operating lease are as follows:

於二零零九年十二月三十一日，根據不可撤銷經營租賃租約於未來應付之最低租金總額如下：

	The Group The Company 本集團本公司 2009 2008 2009 2008 二零零九年二零零八年二零零九年二零零八年 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元人民幣千元人民幣千元人民幣千元
Within one year 一年後 After one year but 一年後但五年內 within five years	318 489 – – – 163 – –
	318 652 – –

The leases typically run for an initial period of one to two years, with an option to renew the lease when all terms are renegotiated. None of the leases includes contingent rentals.

一般來說，租約之初步年期為一至二年，並附有選擇權可於重新磋商所有條款時重續租約。該等租約概無包括或然租金。

30. COMPARATIVE FIGURES

30. 比較數字

Certain comparative figures have been restated and reclassified to conform with the current year’s presentation. The directors consider that it would better reflect the substance of the underlying transactions.

若干比較數字已重列及重新分類以符合本年度之呈報。董事認為，重列及重新分類可更有效地反映相關交易之性質。

Annual Report 2009 117 二零零九年年報

Notes to the financial statements 財務報表附註 (For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

31. IMMEDIATE AND ULTIMATE CONTROLLING PARTY

31. 直接及最終控股人士

At 31 December 2009, the directors consider the immediate parent and ultimate controlling party of the Group to be Goldcorp Industrial Limited, which is incorporated in the British Virgin Islands. This entity does not produce financial statements available for public use.

於二零零九年十二月三十一日，董事認為本集團之直接母公司及最終控股人士為於英屬處女群島成立之Goldcorp Industrial Limited，此公司並無編製可供公眾查閱之財務報表。

32. ACCOUNTING ESTIMATES AND JUDGEMENTS

32. 會計估計及判斷

a) Impairment for bad and doubtful debts

a) 呆壞賬減值撥備

The Group estimates impairment losses for bad and doubtful debts resulting from the inability of the customers to make the required payments. The Group bases the estimates on the aging of the accounts receivable balance, customer credit-worthiness, and historical write-off experience. If the customers’ financial position were to deteriorate, actual writeoffs would be higher than estimated.

本集團就客戶無法作出所需付款時產生之估計虧損計提呆壞賬減值撥備。本集團以應收賬款之賬齡、客戶之信譽與歷史沖銷記錄等資料作為估計的基礎。如客戶之財務狀況惡化，實際沖銷數額將會高於估計數額。

118 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

Notes to the financial statements 財務報表附註

(For the year ended 31 December 2009)（截至二零零九年十二月三十一日止年度）

(Expressed in Renminbi) （以人民幣為單位）

32. ACCOUNTING ESTIMATES AND JUDGEMENTS (Continued)

32. 會計估計及判斷（續）

b) Impairment for non-current assets

b) 非流動資產減值

If circumstances indicate that the net book value of a non-current asset may not be recoverable, the asset may be considered “impaired”, and an impairment loss may be recognised in accordance with IAS 36 “Impairment of Assets”. The carrying amounts of non-current assets are reviewed periodically in order to assess whether the recoverable amounts have declined below the carrying amounts. These assets are tested for impairment whenever events or changes in circumstances indicate that their recorded carrying amounts may not be recoverable. When such a decline has occurred, the carrying amount is reduced to recoverable amount. The recoverable amount is the greater of the net selling price and the value in use. It is difficult to precisely estimate selling price because quoted market prices for the Group’s assets are not readily available. In determining the value in use, expected cash flows generated by the asset are discounted to their present value, which requires significant judgement relating to level of sale volume, selling price and amount of operating costs. The Group uses all readily available information in determining an amount that is a reasonable approximation of recoverable amount, including estimates based on reasonable and supportable assumptions and projections of sale volume, selling price and amount of operating costs.

倘若情況顯示非流動資產之賬面淨值可能無法收回，有關資產便會視為「已減值」，並可根據國際會計準則第36號「資產減值」確認減值虧損。非流動資產之賬面值會定期評估，以確定可收回數額是否下跌至低於賬面值。當事項或環境變動顯示資產之已記錄賬面值可能無法收回時，有關資產便會進行減值測試。倘出現下跌跡象，賬面值便會減至可收回值。可收回值是以淨售價與使用價值兩者中之較高者計算。由於本集團難以獲得資產之公開市價，因此難以準確地估計售價。在釐定使用價值時，資產所產生之預期現金流量會貼現至其現值，因而需要對銷售額、售價和經營成本等作出重大判斷。本集團在釐定與可收回數額相若之合理數額時會採用所有可供使用之資料，包括根據合理和可支持之假設所作出之估計和銷售額、售價及經營成本之預測。

Annual Report 2009 119 二零零九年年報

32. ACCOUNTING ESTIMATES AND JUDGEMENTS (Continued)

32. 會計估計及判斷（續）

c) Provision for diminution in value of inventories

c) 存貨減值撥備

If the costs of inventories fall below their net realisable values, a provision for diminution in value of inventories is recognised. Net realisable value represents the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. The Group bases the estimates on all available information, including the current market prices of the finished goods and raw materials, and historical operating costs. If the actual selling prices were to be lower or the costs of completion and other distribution costs were to be higher than estimated, the actual provision for diminution in value of inventories could be higher than estimated.

倘存貨成本下跌至低於其可變現淨值，則會確認存貨減值撥備。可變現淨值指在日常業務過程中之估計售價，減完成之估計成本及進行銷售所需之估計成本。本集團按照所有獲提供資產之估計，包括製成品及原材料之現有市價以及過往經營成本。倘實際售價低於估計金額，或完成之成本及其他分銷成本高於估計金額，實際存貨減值撥備可能高於估計金額。

d) Deferred tax assets are recognised for unused tax losses carried forward to the extent it is probable that future taxable profits will be available against which the unused tax losses can be utilised, based on all available evidence. Recognition primarily involves judgement regarding the future financial performance of the particular legal entity or tax group in which the deferred tax asset has been recognised. A variety of other factors are also evaluated in considering whether there is convincing evidence that it is probable that some portion or all of the deferred tax assets will ultimately be realised, such as the existence of taxable temporary differences, group relief, tax planning strategies and the periods in which estimated tax losses can be utilised. The carrying amount of deferred taxation and related financial models and budgets are reviewed at each the end of the reporting period.
d) 由未用滾存稅項虧損產生的遞延稅項資產，僅會在根據所有可得之憑證預期可能取得足夠應課稅溢利作扣減的情況下，方予確認。遞延稅項資產之確認主要涉及有關法定實體或稅務伸報相聯體的未來財務表現加以判斷。其他不同因素亦予以評估，以考慮是否有有力之憑證證明部份或全部遞延稅項資產最終有可能會變現，例如存在應課稅臨時差額、總體寬免、稅務規劃策略及可動用估計稅項虧損之期間。遞延稅項資產的賬面金額及有關財務模式與預算會於每個申報期完結檢討。

120 SING LEE SOFTWARE (GROUP) LIMITED 新利軟件（集團）股份有限公司

==> picture [334 x 47] intentionally omitted <==

( Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司 ) ( Stock Code 股份代號 : 8076 )

For identification purposes only 僅供識別

AI assistant

Sing Lee Software (Group) Limited — Annual Report 2009

51256_rns_2010-03-30_e7978b90-9ea1-47b5-9eed-63f283d39fa4.pdf

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “EXCHANGE”)

CONTENTS 目錄

Corporate Information 公司資料

EXECUTIVE DIRECTORS

INDEPENDENT NON-EXECUTIVE DIRECTORS

COMPANY SECRETARY

COMPLIANCE OFFICER

AUTHORISED REPRESENTATIVES

AUDIT COMMITTEE

AUDITORS

執行董事

獨立非執行董事

公司秘書

監督主任

法定代表

審核委員會

核數師

Corporate Information 公司資料

PRINCIPAL BANKERS

HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS

REGISTERED OFFICE

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE

HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE

GEM STOCK CODE

主要往來銀行

總辦事處及主要營業地點

註冊辦事處

主要股份過戶登記處

香港股份過戶登記分處

創業板股份代號

Chairman’s Statement 主席報告書

BUSINESS REVIEW AND ANALYSIS

Banking Business

事業回顧及行業分析

銀行業務

Chairman’s Statement 主席報告書

Banking Business (Continued)

Future Outlook

ACKNOWLEDGEMENT

Hung Yung Lai

銀行業務（續）

未來發展

致謝

Management Discussion and Analysis 管理層討論及分析

FINANCIAL REVIEW

財務回顧

本集團的營業額包括：

Management Discussion and Analysis 管理層討論及分析

LIQUIDITY, FINANCIAL RESOURCES, CAPITAL STRUCTURE AND GEARING RATIO

流動資金、財務資源、資本架構 及資產負債比率

ACQUISITION AND DISPOSALS OF SUBSIDIARIES AND AFFILIATED COMPANIES

附屬及關聯公司收購及出售

SEGMENTAL INFORMATION

分部資料

Management Discussion and Analysis 管理層討論及分析

EMPLOYEE INFORMATION

僱員資料

CHARGE ON GROUP ASSETS

資產抵押

FUTURE PLANS FOR MATERIAL INVESTMENTS AND EXPECTED SOURCE OF FUNDING

未來重大投資或購入資本資產計 劃詳情

EXPOSURE TO EXCHANGE RATE FLUCTUATION

匯率風險

CONTINGENT LIABILITIES

或有負債

Management Discussion and Analysis 管理層討論及分析

PROSPECTS OF NEW PRODUCTS

新產品的前景

FIVE YEARS FINANCIAL SUMMARY OF THE GROUP

五個年度的財務概要

MAJOR SUPPLIERS AND CUSTOMERS

主要供應商及客戶

Purchases

購貨額

Sales

Biographical Information of Directors and Senior Management 董事及高級管理層之履歷

EXECUTIVE DIRECTORS

Sing Lee Software (Group) Limited Annual Report 2009

流動資金、財務資源、資本架構及資產負債比率

未來重大投資或購入資本資產計劃詳情

SUBSTANTIAL SHAREHOLDERS’ INTEREST 主要股東之證券權益（續） IN SECURITIES (Continued)

主要股東之證券權益（續）

董事及行政總裁之證券權益（續）

購股權計劃（續）

購股權計劃（續）

購股權計劃（續）

董事及行政總裁認購上市證券的權利

購買、出售或贖回本公司之上市證券