FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Stock Code: 200026 Short form of the Stock: FIYTA B Announcement No.:2011－031
FIYTA HOLDINGS LTD.
Semi-Annual Report 2011, Summary
§1 Important
1.1. The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives
hereby individually and collectively accept responsibility for the correctness, accuracy and completeness
of the contents of this report and confirm that there are no material omissions or errors which would
render any statement misleading.
This summary of the Semi-annual Report is taken from the full text of the Semi-annual Report and is
published together with it on the CSRC designated website Investors are advised to read carefully the
full text of the semi-annual report if they want to know the detailed information.
1.2 The Company’s Semi-annual Financial Statements Have Not been Audited by CPAs.
1.3. Mr. Wu Guangquan, the Company leader, Mr. Li Dehua, chief financial officer and the Mr. Hu
Xinglong, the person in charge of the accounting department (the person in charge of the accounting)
hereby confirm the authenticity and completeness of the financial report enclosed in this semi-annual
report..
§2 Company Information
2.1 Basic Data
Short form of the stock FIYTA A, FIYTA B
Stock Code 000026, 200026
Stock Exchange Listed with Shenzhen Stock Exchange
Secretary of the Board Securities Affairs Representative
Names Chen Libin Zhang Yong
th th
20 Floor, FIYTA Technology Building, 20 Floor, FIYTA Technology Building,
Liaison Address Gaoxin S. Road One, Nanshan District, Gaoxin S. Road One, Nanshan District,
Shenzhen Shenzhen
Tel. 0755-86013992 0755-86013669
Fax 0755-83348369 0755-83348369
E-mail investor@fiyta.com.cn investor@fiyta.com.cn
2.2 Financial highlights
2.2.1 Summary of Accounting and Financial Data
In CNY
1
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Increase/decrease of the report
End of the report End of the previous
period vs the same period of the
period year
previous year (%)
Total assets, in CNY 2,430,200,977.09 2,436,539,054.39 -0.26%
Owner’s equity attributable to the Company’s
1,325,486,367.29 1,265,996,583.67 4.70%
shareholders, in CNY
Capital stock, in shares 392,767,870.00 280,548,479.00 40.00%
Net asset per share attributable to the
3.375 4.51 -25.17%
Company’s shareholders (CNY/share)
Report period Same Period of the Year-on-year increase/decrease
(Jan. to Jun.) Previous Year (%)
Turnover, in CNY 1,232,010,736.41 810,811,910.82 51.95%
Operating Profit in CNY
102,601,007.36 44,751,195.21 129.27%
Total profit in CNY 103,969,019.95 51,957,376.73 100.10%
Net profit attributable to the Company’s
85,990,142.75 42,399,471.66 102.81%
shareholders in CNY
Net profit attributable to the Company’s 87,145,297.28 36,774,788.99 136.97%
shareholders less the non-recurring gain and
loss, in CNY
Basic earnings per share, in CNY/share 0.219 0.171 28.07%
Diluted earnings per share (CNY/share) 0.219 0.171 28.07%
Net assets-income ratio (%), weighted average 6.75% 5.62% 1.13%
Net assets-income ratio less non- recurring
6.84% 5.00% 1.84%
loss/gain (%), weighted average
Net cash flows arising from operating activities,
-103,426,718.82 875,685.15 -
in CNY
Net cash flows per share arising from operating
-0.263 0.003 -
activities, in CNY/share
2.2.2 Non-recurring gain and loss items
√ Applicable □ Inapplicable
in CNY
Non-recurring gain and loss Amount Note (if applicable)
Gain/loss from disposal of non-current assets 50,357.86
Governmental subsidy charged to the current gain and loss
which has close relation with the Company’s normal businesses
excluding the governmental subsidy in compliance with the 1,026,556.00 Government subsidy
national policy and allotted according to some standard or
continuously enjoyable in fixed amount.
Other gains/losses in compliance with the definition of
-1,965,352.12
non-recurring gain/loss
Amount affected by the income tax -266,716.27
Total -1,155,154.53 -
2.2.3 Discrepancies between Chinese Accounting Standards (CAS) and International Accounting
Standards (IAS)
□ Applicable √ Inapplicable
2
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
§3 Changes in Share Capital and Particulars about Shareholders
3.1 Change in the Company’s Shares
√ Applicable □ Inapplicable
In shares
Before the change Increase/ Decrease (+ / -) as of the year After the change
Shares
New Bonus converted
Q’ty Proportion Others Sub-total Q’ty Proportion
issuing shares from
reserve
142,681,5 57,072,60 57,072,60 199,754,1
I. Restricted Shares 50.86% 50.86%
05 1 1 06
1. State shares
2. State corporate 123,645,9 49,458,39 49,458,39 173,104,3
44.07% 44.07%
shares 81 2 2 73
3. Other domestic 19,000,00 26,600,00
6.77% 7,600,000 7,600,000 6.77%
shares 0 0
including:
19,000,00 26,600,00
domestic non-state 6.77% 7,600,000 7,600,000 6.77%
0 0
corporate shares
Domestic
natural person
shares
4. Foreign shares
including: foreign
corporate shares
Foreign
natural person
shares
5. Senior executive
35,524 0.01% 14,209 14,209 49,733 0.01%
shares
II. Unrestricted 137,866,9 55,146,79 55,146,79 193,013,7
49.14% 49.14%
shares 74 0 0 64
1. CNY ordinary 79,546,97 31,818,79 31,818,79 111,365,7
28.35% 28.35%
shares 4 0 0 64
2. Foreign shares 58,320,00 23,328,00 23,328,00 81,648,00
20.79% 20.79%
listed domestically 0 0 0 0
3. Foreign shares
listed abroad
4. Others
280,548,4 112,219,3 112,219,3 392,767,8
III. Total Shares 100.00% 100.00%
79 91 91 70
3.2 Shares Held by Top 10 Shareholders and Top 10 Shareholders of Unrestricted Shares
In shares
Total Number of
18,302
Shareholders
Shares held by the top 10 shareholders
Nature of Proportion of Total shares Number of restricted Shares pledged or
Shareholders
Shareholders shares held held shares held frozen
Shenzhen CATIC Group State owned
41.49% 162,977,327 162,977,327 0
Co., Ltd. corporate
3
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
China Construction Bank – Domestic
Huaxia Superior Growth non-state 3.80% 14,920,073 0 0
Securities Investment Fund corporate
Industrial and Commercial
Domestic
Bank of China – E Fund
non-state 2.55% 10,000,000 0 0
Value Based Growth Mixed
corporate
Securities Investment Fund
China Construction Bank –
Domestic
GONGHANG RUIXIN
non-state 2.14% 8,400,000 8,400,000 0
Steady Growth Stock Type
corporate
Securities Investment Fund
Bohong Shujun (Tianjin) Domestic
Equity Investment Fund non-state
1.78% 7,000,000 7,000,000 0
Partnership Co., Ltd. corporate
shares
State-owned
Changzhou Investment
corporate 1.43% 5,600,000 5,600,000 0
Group Co., Ltd.
shares
China Construction Bank – Domestic
First State Cinda Leading non-state
1.39% 5,460,000 5,460,000 0
Growth Stock Type corporate
Securities Investment Fund shares
Domestic
Taikang Life Insurance Co.,
non-state
Ltd. – Toulian – Jinqu 1.25% 4,900,000 4,900,000 0
corporate
-019L-TL002 SHEN
shares
State-owned
Caitong Securities Co., Ltd. corporate 1.15% 4,527,326 4,527,046 0
shares
China Merchants Securities Overseas
1.11% 4,353,189 0 0
(HK) Co., Ltd. corporate
Shareholding of the top 10 shareholders of unrestricted shares
Shareholders Quantity of unrestricted shares held Share type
China Construction Bank – Huaxia
Superiority Growth Stock Based Securities 14,920,073 A Shares
Investment Fund
Industrial and Commercial Bank of China –
E-Fund Value Growth Mixed Securities 10,000,000 A Shares
Investment Fund
China Merchants Securities (HK) Co., Ltd. 4,353,189 B shares
KGI ASIA LIMITED 4,337,622 B shares
BANK JULIUS BAER & CO.LTD 3,485,769 B shares
International Finance －Citibank －MARTIN
CURRIE INVESTMENT MANAGEMENT 2,232,959 A Shares
LIMITED
NOMURA SECURITIES CO. LTD. 1,773,611 A Shares
GSI S/A GOLDEN CHINA PLUS MASTER
1,729,125 B shares
FUND
First Shanghai Securities Co., Ltd. 1,727,719 B shares
Industrial and Commercial Bank of China –
Guotou Ruiyin Core Enterprise Stock Based 1,685,633 A Shares
Securities Investment Fund
Note to the association The Company has not found any connectivity relations among the aforesaid shareholders or
relation or acting in concert any persons acting in concert as specified in the Measures for Administration of Information
of the above shareholders on the Shareholder Equity Change of Listed Companies.
4
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
3.3 Change in Controlling Shareholder and Actual Controller
□ Applicable √ Inapplicable
§4 Directors, Supervisors and Senior Executives
4.1 Change in Shares Held by Directors, Supervisors and Senior Executives
√ applicable □ inapplicable
Number of
Number of Number of
Number of Number of Including: stock option
shares shares
shares held shares held number of held at the Reason of
Names Posts increased in decreased
at year at end of restricted end of the Change
the report in the report
beginning the period shares held report
period period
period
Shares
converted
Lu Deputy General
47,365 0 0 66,311 49,733 0 from the
Bingqiang Manager
public
reserve
§5. Report of the Board of Directors
5.1 Status of Principal Business Based on Sectors and Products
In CNY 10,000
Principal Businesses Based on Sectors
Increase/decre
Increase/decre Increase/decrea
ase of principal
ase of revenue se of gross profit
business cost
Based on sectors or Operating Gross profit over the same rate over the
Revenue over the same
products costs rate (%) period of the same period of
period of
previous year the previous
previous year
(%) year (%)
(%)
Commerce 101,074.44 75,903.38 24.90% 50.62% 44.77% 3.04%
Industry 20,382.60 7,561.07 62.90% 73.86% 67.51% 1.40%
Property operation 3,440.49 1,051.64 69.43% 3.87% 3.56% 0.09%
Principal Businesses Based on Products
Sales of foreign top
101,074.44 75,903.38 24.90% 50.62% 44.77% 3.04%
brand watches
Sales of FIYTA watches 20,382.60 7,561.07 62.90% 73.86% 67.51% 1.40%
5.2 Principal Businesses Based on Regions
In CNY 10,000
Year-on-year increase/decrease of
Regions Revenue
revenue (%)
Northeast China 11,621.14 41.83%
North China 22,855.51 54.23%
Northwest China 29,768.57 51.88%
Southwest China 8,232.47 69.93%
East China 14,890.88 67.60%
South China 37,750.36 46.33%
5
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
5.3 Material Changes in the Principal Business or its Structure
□ Applicable √ Inapplicable
5.4 Material Changes in the Earning Capacity (Gross Profit Rate) of the Principal Business over
the Previous Year
□ Applicable √ Inapplicable
5.5 Reasons of Big Change in the Profit Composition over the Previous Year
□ Applicable √ Inapplicable
5.6. Application of the Proceeds Raised through Share Offering
5.6.1 Table of Comparisons of Application of the Proceeds Raised through Share Offering
√ applicable □ inapplicable
In CNY 10,000
Total proceeds raised through share
48,276.00
offering
Total proceeds invested in the
Total proceeds whose application 37,522.00
report year
has been changed in the report 0.00
period
Total proceeds whose application
0.00
has been changed accumulatively
Total proceeds accumulatively
Proportion of the proceeds whose 39,201.00
invested
application has been changed in the 0.00%
total proceeds
Amou
Has nt
Has
the accum Investme Has
Total the
projec ulativel nt significant
commit Date when predict
Committed t been Total y progress Result change
ted Amount the project ed
investment projects chang investment invest by the realized taken
invest invested in has reached operati
and investment with ed after ed up end of the in the place in
ment the report the predicted on
the surplus (inclu adjustment to the report report the
with period applicable result
proceeds ding (1) end of period period feasibility
procee status been
partial the (%) (3) = of the
ds reache
chang report (2)/(1) project?
d?
e) period
(2)
Investment projects
as committed
1. HARMONY World
Watch Chain Network 41,000 34,407 December
No 41,000.00 33,696.00 83.92% 2,408.00 Yes No
Development and .00 .00 30, 2011
Improvement Project
2. Project of putting
5,000. 3,382. December
new FIYTA watches to No 5,000.00 2,719.00 67.64% 1,695.00 Yes No
00 00 30, 2011
the market
3. FIYTA Brand
4,000. 1,412. December
Marketing and No 4,000.00 1,107.00 35.30% 0.00 Yes No
00 00 30, 2012
Promotion Project
Sub-total of
50,000 39,201
investment projects - 50,000.00 37,522.00 - - 4,103.00 - -
.00 .00
as committed
6
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Investment with
surplus proceeds
Repayment of bank
- 0.00 0.00 0.00 0.00 - - - -
loan (if any)
Supplementing
working capital (if - 0.00 0.00 0.00 0.00 - - - -
any)
Sub-total of
investment with - 0.00 0.00 0.00 0.00 - - 0.00 - -
surplus proceeds
50,000 39,201
Total - 50,000.00 37,522.00 - - 4,103.00 - -
.00 .00
Note to failure to
comply with the
planned progress and
predicted earnings
and the cause(s)
(based on the specific
projects)
Explanation of the
significant change in
project feasibility
Amount of surplus
fund, application and Inapplicable
progress of use
Change of the
implementation site of
Inapplicable
the projects invested
with proceeds
Adjustment of the
implementation
method of the projects Inapplicable
invested with
proceeds
Applicable
About the initial
investment in the The Proposal on Replacement of the Self-raised Fund Invested in the Project Which should be
projects planned to be Invested with the thProceeds Raised through Share Offering with the Proceeds as reviewed and
invested with the approved at the 19 meeting of the Sixth Board of Directors held on December 20, 2010 approved to
proceeds and the replace CNY 164,703,186.65 of the self-raised fund in the project which should be invested with the
replacement proceeds raised through share offering with the proceeds amounting to CNY 164,703,186.65 raised
through this share offering.
Using the idle
proceeds to
supplement the Inapplicable
working capital on
temporary basis
Balance of the
proceeds incurred in
process of project Inapplicable
implementation and
the cause
About application and
status of the proceeds Originally determined application
unused
Problems existing in
application of the
proceeds and the Not exist
information disclosure
or other issues
7
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
5.6.2 Statement of the Changed Projects Invested with the Proceeds
□ Applicable √ Inapplicable
5.7 Plan of the Board of Directors for Amendment of the Operation Plan in the Second Half Year
□ Applicable √ Inapplicable
5.8 Prediction of the possibility of the accumulated net profit from the year beginning to the end
of the next report period being of loss; or warning for big changes in the net profit in comparison
with the same period of the previous year and the reasons
□ Applicable √ Inapplicable
5.9 Explanation of the Board on the Qualified Auditor’s Report Issued by CPAs
□ Applicable √ Inapplicable
5.10 Explanation of the Management on the Changes and Handling of the Issues Involved in the
Qualified Auditor’s Report Issued by CPAs in the Previous Year
□ Applicable √ Inapplicable
§6 Important Events
6.1. Acquisition and Sales of Assets and Assets Reorganization
7.1.1 Assets Acquisition
□ Applicable √ Inapplicable
6.1.2 Sales of Assets
□ Applicable √ Inapplicable
6.1.3 The progress of the assets reorganization or assets acquisition/sale activities and the
consequent influence upon the Company’s operation result and financial position in the report
period since the publication of the corresponding report or notice
□ Applicable √ Inapplicable
6.2. Guarantees
√ applicable □ inapplicable
In CNY
Outward guarantees (excluding guarantee to the subsidiaries)
Date and
number of Date of
the occurrence Actual Guarantee to
Names of Guarantee Type of Guarantee Implement
announcem (date of amount of related party?
Gurantees line guarantee period ation status
ent on the agreement guarantee (Y/N)
guarantee execution)
line
8
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Total amount of outward Total amount of outward
guarantee approved in the 0.00 guarantee actually incurred in 0.00
report period (A1) the report period (A2)
Total amount of outward
Total ending balance of
guarantee already approved
0.00 outward guarantee at the end 0.00
at the end of the report period
of the report period (A4)
(A3)
Guarantees to the Subsidiaries
Date and
number of Date of
the occurrence Actual Guarantee to
Names of Guarantee Type of Guarantee Implement
announcem (date of amount of related party?
Gurantees line guarantee period ation status
ent on the agreement guarantee (Y/N)
guarantee execution)
line
Shenzhen
Guarantee
Harmony World
February 24, with joint
Watches 2011-003 6,800.00 6,800.00 1 No No
2011 responsibilit
Center Co.,
y
Ltd.
Guarantee
FIYTA (Hong with joint
2011-021 1,673.00 May 13, 2011 837.00 1 No No
Kong) Limited responsibilit
y
Guarantee
FIYTA (Hong August 5, with joint
2011-025 4,956.00 0.00 2 No No
Kong) Limited 2011 responsibilit
y
Total amount of guarantee to Total amount of guarantee to
the subsidiaries approved in 13,429.00 subsidiaries actually incurred 7,637.00
the report period (B1) in the report period (B2)
Total amount of guarantee to
Total balance of guarantee to
subsidiaries already approved
13,429.00 subsidiaries at the end of the 11,637.00
at the end of the report period
report period (B4)
(B3)
Total amount of guarantees offered by the Company (i.e. total of the above two items)
Total amount of guarantee line Total amount of guarantee
approved in the report period 13,429.00 actually incurred in the report 7,637.00
(A1+B1) period (A2+B2)
Total amount of guarantee line Total balance of actual
already approved in the report 13,429.00 guarantee at the end of the 11,637.00
period (A3 +B3) report period (A4+B4)
Proportion of the actual guarantee in the Company’s net assets
8.78%
(i.e. A4+B4)
Including:
Amount of guarantees offered to the shareholders, actual
0.00
controller and its related parties (C)
Amount of guarantee for liabilities directly or indirectly offered to
0.00
the guarantees with the asset-liability ratio exceeding 70%. (D)
Amount with the total guarantee exceeding 50% of the net assets
0.00
(E)
Total of the aforesaid three guarantees (C+D+E) 0.00
All the outward guarantees offered by the Company are to
satisfy the subsidiaries’ production and operation
Note to the joint responsibility for discharge upon expiry of the requirements and are the guarantees offered to the
guarantee term Company’s subsidiaries for their loans. The Company
has neither provided any guarantee to the controlling
shareholder or any related parties nor been involved in
any other outward guarantee activity. There has been no
9
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
loss the Company has to bear due to overdue guarantee,
any guarantee in connection of any lawsuit or being
judged as having lost in lawsuit due to guarantee. All the
fund dealings with the related parties belong to normal
operation fund dealings, and there existed no such case
that a related party has occupied the Company’s funds
against the law.
6.3 Non-operational Related Credits and Debts
□ Applicable √ Inapplicable
6.4 Significant Lawsuits and Arbitrations
□ Applicable √ Inapplicable
6.5 Other Significant Events, their Impacts and the Solutions
□ Applicable √ Inapplicable
6.5.1 Securities Investment
□ Applicable √ Inapplicable
6.5.2 Equity in other listed companies held by the Company
□ Applicable √ Inapplicable
6.5.3 Fund Occupancy by Principal Shareholders and Subsidiaries for Mon-operating Purpose
and Payment
□ Applicable √ Inapplicable
6.5.4 Implementation of the Commitments of the Company, the Shareholders and the Eventual
Controller
The commitments of the Company, its directors, supervisors and senior executives, and the related parties, including the
shareholder holding over 5% of the Company’s total shares and the actual controller in the report period or extending to
the report period are as follows:
√ applicable □ inapplicable
Commitments Acceptors Description Implementation
(1) Shenzhen CATIC
Group committed that
upon completion of the
equity separation
reform of FIYTA, the Implementation of the commitment: The
non-negotiable shares commitment is in process of
held by Shenzhen implementation. Commencing from the
Commitment for Equity Separation Shenzhen CATIC Group would date when the equity separation reform
Reform CATIC Group not be listed with was fulfilled to the end of the report period,
Shenzhen Stock Shenzhen CATIC Group has not reduced
Exchange for trading or assigned any restricted shares held by
within 36 months after Shenzhen CATIC Group.
the day when such
shares got approved
for listing; (2) Within 24
months after the 3-year
10
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
sales restriction term
expires, in case
Shenzhen CATIC
Group would sell the
non-negotiable FIYTA
shares it was holding
through listing with
Shenzhen Stock
Exchange, the sales
price must not be lower
than CNY 25.00 per
share.
Commitments in the acquisition report
or the written report on change of - - -
equity
Commitment at the time of important
- - -
assets reorganization
Commitment of
Shenzhen CATIC
Group: Within 36
months commencing
from the end of the
Company’s non-public Status of implementation of the
Shenzhen
Commitment at the time of issuing issuing (from commitment: The commitment is in
CATIC Group
December 30, 2010 to process of implementation.
December 29, 2013),
Shenzhen CATIC
Group shall not assign
any of the new shares
it has subscribed.
Other commitment (including
- - -
supplementary commitment)
6.5.5 Profit Distribution or Converting Capital Public Reserve into Capital Stock
□ Applicable √ Inapplicable
6.5.6 Items of Other Comprehensive Income
In CNY
Amount incurred in the report Amount incurred in the previous
Items
period period
1. Gain (Loss) from available-for-sale financial assets
Less: Influence upon income tax from
available-for-sale financial assets
Net gain/loss previously recorded in other
comprehensive gains transferred to the current
gain/loss
Sub-total
2. The share calculated according to the equity
method and enjoyed in the other comprehensive
income of the investee
Less: Influence upon the income tax arising from the
share calculated according to the equity method and
enjoyed in the other comprehensive income of the
investee
Net gain/loss previously recorded in other
comprehensive gains transferred to the current
gain/loss
11
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Sub-total
3. Amount of gain (or loss) arising from the cash flow
hedge instrument
Less: Influence upon income tax arising from the cash
flow hedge instrument
Net gain/loss previously recorded in other
comprehensive gains transferred to the current
gain/loss
Amount of adjustment of the amount transferred into
the hedge item recognized initially
Sub-total
4. Converted difference in Foreign Currency
2,071,076.23 -18,896.52
Statements
Less: Net in disposal of overseas operation
transferred to the current gain/loss
Sub-total 2,071,076.23 -18,896.52
5. Others
Less: Influence upon the income tax arising from
others recorded in the other comprehensive income
Net of the gain/loss recorded previously in the other
comprehensive gains transferred to the current gain
and loss
Sub-total
Total 2,071,076.23 -18,896.52
6.6 Receptions of Surveyors, Communications, Interviews
Discussion topics and provision of
Reception Time Reception place Way of reception Visitors received
materials
Fortis Haitong
Investment
Management Co.,
Ltd.,
CITIC-Prudential
Fund Management
Company Ltd.,
China Nature Asset Development trend of the domestic
Management Co., luxury goods sector, some measures
Ltd., concerning the Company’s strategic
January 11,
Company On-Site Survey Minsheng Royal development, brand construction,
2011
Fund Management terminal management in the past
Co., Ltd., three years. Provision of the
Dongxing Company’s public brochures in 2011.
Securities Co., Ltd.,
Da Cheng Fund
Management Co.,
Ltd.,
Rongtong Fund
Management Co.,
Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
January 14, Zheshang
Company On-Site Survey development, brand construction,
2011 Securities Co., Ltd.
terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
12
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Development trend of the domestic
China Merchants luxury goods sector, some measures
Securities Co., Ltd., concerning the Company’s strategic
January 18,
Company On-Site Survey Shenzhen Haiheng development, brand construction,
2011
Investment Co., terminal management in the past
Ltd. three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
Shanghai Shenyin luxury goods sector, some measures
& Wanguo concerning the Company’s strategic
March 14, 2011 Company On-Site Survey Securities development, brand construction,
Research Institute terminal management in the past
Co., Ltd. three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
China Securities
April 1, 2011 Company On-Site Survey development, brand construction,
Co., Ltd.
terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
Shanghai Zexi
Investment Development trend of the domestic
Management Co., luxury goods sector, some measures
Ltd., Guosen concerning the Company’s strategic
April 20, 2011 Company On-Site Survey Securities Co., Ltd., development, brand construction,
Sealand Securities terminal management in the past
Co., Ltd., Huaxia three years. Provision of the
Fund Management Company’s public brochures in 2011.
Co., Ltd.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
Xiangcai Securities
April 28, 2011 Company On-Site Survey development, brand construction,
Co., Ltd.
terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
China Galaxy
May 12, 2011 Company On-Site Survey development, brand construction,
Securities Co., Ltd.
terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
Liuhe Investment
May 17, 2011 Company On-Site Survey development, brand construction,
Co., Ltd.
terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
luxury goods sector, some measures
Lion Fund concerning the Company’s strategic
May 18, 2011 Company On-Site Survey Management Co., development, brand construction,
Ltd. terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
Shenzhen luxury goods sector, some measures
June 9, 2011 Company On-Site Survey Team-Top concerning the Company’s strategic
Investment development, brand construction,
Management Co., terminal management in the past
13
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Ltd., Pingan Dawa three years. Provision of the
Funds Company’s public brochures in 2011.
Management Co.,
Ltd., Yinhua Fund
Management Co.,
Ltd., Jiangsu
Winlast Investment
& Development
Co., Ltd., Beijing
Xinyuan Lanzhong
Investment
Management Co.,
Ltd., Guotai Asset
Management
Co., Ltd., Orient
Securities Assets
Management Co.,
Ltd., Invesco Great
Wall Fund
Management Co.,
Ltd. and
CITIC Securities
Co., Ltd.
§7 Financial Report
7.1 Auditor’s Opinions
XI. Financial Report √ Unaudited □ Audited
7.2. Financial Statements
7.2.1 Balance Sheet
Prepared by: FIYTA Holdings Ltd. June 30, 2011 In CNY
Ending balance Opening balance
Items
Consolidated Parent company Consolidated Parent company
Current assets:
Monetary fund 298,373,212.07 148,907,030.69 613,455,817.52 529,568,738.47
Settlement Reserve
Inter-bank lending
Trading financial assets
Notes receivable
Accounts receivable 238,457,840.66 71,455,328.46 175,896,199.78 41,753,368.93
Prepayments 24,779,790.36 36,644,253.43
Insurance premium
receivable
Reinsurance accounts
receivable
Accounts receivable
reinsurance reserve
Interest receivable 84,383,298.62 50,196,167.69
14
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Dividends receivable
Other receivables 30,183,758.83 475,676,778.79 27,390,628.12 545,533,120.97
Buying back the sale of
financial assets
Inventories 1,284,088,612.66 174,026,511.09 1,048,392,625.70 103,224,490.80
Non-current assets due
within a year
Other current assets 6,643,386.40 3,946,533.14
Total current assets 1,882,526,600.98 954,448,947.65 1,905,726,057.69 1,270,275,886.86
Non-Current Assets:
Disbursement of loans and
advances
Available-for-sale financial
assets
Held –to-due investment
Long-term accounts
receivable
Long-term equity investment 1,932,928.17 707,248,128.17 1,981,913.65 354,489,913.65
Investment based real estate 162,284,137.68 162,284,137.68 165,381,973.79 165,381,973.79
Fixed assets 247,181,868.71 224,783,029.02 251,742,068.63 228,700,096.61
Construction-in-process 203,000.00 203,000.00 0.00
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 19,168,485.61 12,186,271.87 19,237,532.22 12,241,014.82
Development expenses
Goodwill
Long-term expenses to be
83,450,930.94 23,391,567.25 72,152,718.07 21,221,733.80
apportioned
Deferred income tax asset 33,453,025.00 3,926,911.99 20,316,790.34 3,926,911.99
Other non-current assets
Total non-current assets 547,674,376.11 1,134,023,045.98 530,812,996.70 785,961,644.66
Total assets 2,430,200,977.09 2,088,471,993.63 2,436,539,054.39 2,056,237,531.52
Current liabilities:
Short-term Loan 622,311,000.00 544,000,000.00 728,253,730.00 600,000,000.00
Amount due to the Central
Bank
Receipt of deposits and
deposits from other banks
Borrowing from banks
Trading financial liabilities
Notes payable
Accounts payable 205,300,470.39 136,714,189.27 156,353,328.00 57,467,235.33
Advance receipts 3,464,531.40 2,939,051.02 8,464,969.63 1,589,073.41
Financial assets sold for
repurchase
Service charge and
commission payable
15
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Salaries payable to the
14,047,620.84 1,675,303.84 19,980,930.64 8,500,000.00
employees
Taxes payable 37,468,779.86 9,298,098.25 18,492,700.45 11,056,809.52
Interest payable 1,712,361.62 1,160,498.61 1,202,198.61 1,160,498.61
Dividends payable 0.00 190,263.50
Other payables 32,138,796.96 29,946,083.42 29,418,337.74 22,516,478.86
Reinsurance payable
Insurance contract reserve
Acting trading securities
Acting underwriting
securities
Non-current liabilities due
within a year
Other current liabilities 2,645,322.20
Total current liabilities 916,443,561.07 725,733,224.41 965,001,780.77 702,290,095.73
Non-Current Liabilities:
Long-term loan 181,332,819.80 180,000,000.00 181,440,065.11 180,000,000.00
Bonds payable
Long term accounts payable
Special accounts payable
Predicted liabilities
Deferred income tax liability 332,776.04 124,482.04 131,259.28 131,259.28
Other non-current liabilities 3,450,000.00 2,950,000.00 2,400,000.00 1,900,000.00
Total non-current liabilities 185,115,595.84 183,074,482.04 183,971,324.39 182,031,259.28
Total liabilities 1,101,559,156.91 908,807,706.45 1,148,973,105.16 884,321,355.01
Owners’ equity (or
shareholders’ equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00 280,548,479.00 280,548,479.00
stock)
Capital reserve 530,606,952.78 531,162,493.88 643,381,884.88 643,381,884.88
Less: shares in stock
Special reserve
Surplus reserve 121,066,992.16 121,066,992.16 121,066,992.16 121,066,992.16
Generic risk reserve
Retained earnings 280,449,864.44 134,666,931.14 222,514,569.59 126,918,820.47
Translation reserve 594,687.91 -1,515,341.96
Total owner’s equity
attributable to the parent 1,325,486,367.29 1,179,664,287.18 1,265,996,583.67 1,171,916,176.51
company
Minority equity 3,155,452.89 21,569,365.56
Total owners’ equity 1,328,641,820.18 1,179,664,287.18 1,287,565,949.23 1,171,916,176.51
Total liabilities and owners’
2,430,200,977.09 2,088,471,993.63 2,436,539,054.39 2,056,237,531.52
equity
7.2.2 Profit Statement
Prepared by: FIYTA Holdings Ltd. January - June, 2011 In CNY
Items Amount in the report period Amount in the previous period
16
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
Consolidated Parent company Consolidated Parent company
I. Turnover 1,232,010,736.41 229,421,696.61 810,811,910.82 151,312,416.02
Including: revenue 1,232,010,736.41 229,421,696.61 810,811,910.82 151,312,416.02
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 1,129,360,743.57 227,590,437.45 766,060,715.61 154,668,313.10
Including: operating costs 820,486,746.77 108,169,866.25 565,307,056.65 69,292,155.00
Interest payment
Service charge and
commission payment
Surrender value
Compensation pay-out,
net
Provision for insurance
contract, net
Payment of policy
dividends
Reinsurance expenses
Business taxes and
5,519,125.06 2,491,222.67 3,079,780.59 2,134,996.13
surcharge
Sales costs 185,744,896.33 75,701,460.95 113,555,280.39 51,090,854.22
Administrative expenses 86,933,806.49 32,034,218.96 62,246,359.77 24,653,838.38
Financial expenses 28,419,718.07 9,193,668.62 21,459,989.06 7,496,469.37
Loss from impairment of
2,256,450.85 0.00 412,249.15
assets
Plus: Income from change of
fair value (loss stated with “-“)
Investment income (loss
-48,985.48 34,138,145.45 13,758,953.80
is stated with “-“)
Including: income
from investment in associates -48,985.48 0.00
and joint ventures
Exchange income (loss is
stated with “-“)
III. Operating Profit (loss is
102,601,007.36 35,969,404.61 44,751,195.21 10,403,056.72
stated with “-“)
Plus: Non-operating income 1,374,365.97 350,853.72 7,835,555.48 7,743,869.98
Less: Non-operating
6,353.38 487.00 629,373.96 569,408.84
expenses
Including: Loss from
0.00 0.00 47,206.42 17,527.99
disposal of non-current assets
IV. Total profit (total loss is
103,969,019.95 36,319,771.33 51,957,376.73 17,577,517.86
stated with “-“)
Less: Income tax expense 17,802,177.43 516,812.76 9,530,853.27 846,332.48
V. Net Profit (loss is stated with
86,166,842.52 35,802,958.57 42,426,523.46 16,731,185.38
“-“)
Net profit attributable to
85,990,142.75 35,802,958.57 42,399,471.66 16,731,185.38
the parent company’s owner
Minority shareholders’
176,699.77 0.00 27,051.80 0.00
gain/loss
17
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
VI. Earnings per share:
(I) Basic earnings per
0.219 0.171
share
(II) Diluted earnings per
0.219 0.171
share
VII. Other comprehensive
2,071,076.23 -18,896.52
income
VIII. Total comprehensive
88,237,918.75 35,802,958.57 42,407,626.94 16,731,185.38
income
Total comprehensive
income attributable to the 88,100,172.62 35,802,958.57 42,384,518.65 16,731,185.38
owner of the parent company
Total comprehensive
income attributable to minority 137,746.13 23,108.29
shareholders
In consolidation of an enterprise under the same control taken place in the report period, the net profit realized by the
consolidated enterprise before the consolidation was CNY 0.00.
7.2.3 Cash Flow Statement
Prepared by: FIYTA Holdings Ltd. January - June, 2011 In CNY
Amount in the report period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Net cash flows arising from
operating activities:
Cash received from sales
1,359,710,881.45 232,850,800.27 909,639,385.70 168,545,107.96
of goods and supply of labor
Net increase of customers’
deposit and due from banks
Net increase of borrowings
from the central bank
Net increase of borrowings
from other financial institutions
Cash received from former
insurance contract premium
Net cash received from
reinsurance business
Net increase of insurance
reserve and investment
Net increase from disposal
of transactional financial asset
Cash received from
interest, service charge and
commission
Net increase of borrowings
Net increase of fund from
repurchases
Rebated taxes received 217,481.16 623,119.27 623,119.27
Other operation activity
4,483,957.14 86,972,592.72 7,265,097.91 2,305,225.60
related cash receipts
Subtotal of cash flow in
1,364,412,319.75 319,823,392.99 917,527,602.88 171,473,452.83
from operating activity
Cash paid for purchase of 1,147,963,105.94 118,780,238.76 696,249,537.70 61,942,930.99
18
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
goods and reception of labor
services
Net increase of loans and
advances to customers
Net increase of due from
central bank and due from
banks
Cash for the former
insurance contract indemnity
payment
Cash paid for interest,
service charge and
commission
Cash paid for insurance
policy dividend
Cash paid to and for staff 127,811,435.42 48,764,907.85 88,324,162.19 36,783,697.63
Taxes paid 75,126,038.21 9,941,251.63 44,399,281.37 11,607,073.29
Other business related
116,938,459.00 55,029,872.30 87,678,936.47 68,508,807.83
cash payments
Subtotal of cash flow out
1,467,839,038.57 232,516,270.54 916,651,917.73 178,842,509.74
from operating activity
Net cash flow arising
-103,426,718.82 87,307,122.45 875,685.15 -7,369,056.91
from operating activities
II. Cash flows arising from
investment activities:
Cash received from
recovery of investment
Cash received from
11,400,000.00
investment income
Net amount of cash
received from disposal of fixed
86,686.60 86,686.60 15,051,800.00 15,051,700.00
assets, intangible assets and
other long term assets
Net cash received from
disposal of subsidiaries and
other operating units
Other investment related
cash receipts
Subtotal of cash flow in
86,686.60 86,686.60 15,051,800.00 26,451,700.00
from investment activity
Cash paid for
construction/purchase of fixed
36,216,149.40 11,525,931.38 29,375,134.72 1,713,022.00
assets, intangible assets and
other long term assets
Cash paid for investment 19,107,200.00 352,807,200.00 7,924,500.00
Net increase of
hypothecated loans
Net cash received from
payment by subsidiaries and
other operating units
Other investment related
cash payments
Subtotal of cash flow out
55,323,349.40 364,333,131.38 37,299,634.72 1,713,022.00
from investment activity
Net cash flow arising
-55,236,662.80 -364,246,444.78 -22,247,834.72 24,738,678.00
from investment activities
19
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
III. Cash flows arising from
fund raising activities:
Cash received from
absorption of investment
Incl.: Cash received from
subsidiaries’ absorption of
minority shareholders’
investment
Cash received from
510,311,000.00 392,000,000.00 386,548,610.00 345,000,000.00
borrowings
Cash received from bond
issuing
Other fund-raising related
cash receipts
Subtotal of cash flow in
510,311,000.00 392,000,000.00 386,548,610.00 345,000,000.00
from fund raising activity
Cash paid for liabilities
616,135,405.74 448,000,000.00 335,000,000.00 335,000,000.00
repayment
Cash paid for
dividend/profit distribution or 50,313,122.18 47,490,785.45 16,473,470.97 14,770,376.67
repayment of interest
Including: Dividend and
profit paid by subsidiaries to
minority shareholders
Other fund-raising related
231,600.00 231,600.00 1,000,000.00 1,000,000.00
cash payments
Subtotal of cash flow out
666,680,127.92 495,722,385.45 352,473,470.97 350,770,376.67
from fund raising activity
Net cash flow arising
-156,369,127.92 -103,722,385.45 34,075,139.03 -5,770,376.67
from fund-raising activities
IV. Influence from change of
exchange rate upon cash and -50,095.91 -42,908.38
cash equivalents
V. Net increase of cash and
-315,082,605.45 -380,661,707.78 12,660,081.08 11,599,244.42
cash equivalents
Plus: Opening balance of
613,455,817.52 529,568,738.47 95,701,580.19 46,560,890.55
cash and cash equivalents
VI. Ending balance of cash and
298,373,212.07 148,907,030.69 108,361,661.27 58,160,134.97
cash equivalents
20
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
7.2.4 Consolidated Statement of Changes in Owner’s Equity
Prepared by FIYTA Holdings Ltd. Semi-Annual 2011 In CNY
Amount in the report period Amount of Previous Year
Owner’s equity attributable to the parent company Owner’s equity attributable to the parent company
Paid Paid
Total Total
up Less: Specia Surplu Generi Retain Minorit up Less: Specia Surplu Generi Retain Minorit
Items Capital owner Capital owner
capital shares l s c risk ed y capital shares l s c risk ed y
reserv Others s’ reserv Others s’
(or in reserv reserv reserv earnin equity (or in reserv reserv reserv earnin equity
e equity e equity
capital stock e e e gs capital stock e e e gs
stock) stock)
280,54 643,38 121,06 222,51 21,569 1,287, 249,31 191,84 115,94 158,57 20,411 735,21
I. Ending balance of the -1,515, -879,9
8,479. 1,884. 6,992. 4,569. ,365.5 565,94 7,999. 7,232. 6,088. 7,089. ,058.3 9,525.
previous year 341.96 43.60
00 88 16 59 6 9.23 00 65 88 84 0 07
Plus: Change in
accounting policy
Correction of previous
errors
Others
280,54 643,38 121,06 222,51 21,569 1,287, 249,31 191,84 115,94 158,57 20,411 735,21
II. Opening balance of the -1,515, -879,9
8,479. 1,884. 6,992. 4,569. ,365.5 565,94 7,999. 7,232. 6,088. 7,089. ,058.3 9,525.
report year 341.96 43.60
00 88 16 59 6 9.23 00 65 88 84 0 07
III. Decrease/increase of 112,21 -112,7 57,935 2,110, -18,41 41,075 31,230 451,53 5,120, 63,937 -635,3 1,158, 552,34
the report year (decrease 9,391. 74,932 ,294.8 029.87 3,912. ,870.9 ,480.0 4,652. 903.28 ,479.7 98.36 307.26 6,424.
21
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
is stated with “-“) 00 .10 5 67 5 0 23 5 16
85,990 85,918 93,990 94,018
-71,88 28,362
(I) Net profit ,142.7 ,261.5 ,182.9 ,545.5
1.16 .58
5 9 3 1
(II) Other 2,110, -38,95 2,071, -635,3 -78,83 -714,2
comprehensive income 029.87 3.64 076.23 98.36 1.82 30.18
85,990 87,989 93,990 93,304
Subtotal of the above (I) 2,110, -110,8 -635,3 -50,46
,142.7 ,337.8 ,182.9 ,315.3
and (II) 029.87 34.80 98.36 9.24
5 2 3 3
-18,30 -18,85 31,230 451,53 484,16
(III) Owners’ input and -555,5 1,399,
3,077. 8,618. ,480.0 4,652. 4,172.
decrease of capital 41.10 040.00
87 97 0 23 23
31,230 451,53 484,16
1. Capital invested by 1,399,
,480.0 4,652. 4,172.
the owners 040.00
0 23 23
2. Amount of payment
for shares credited to
owners’ equity
-18,30 -18,85
-555,5
3. Others 3,077. 8,618.
41.10
87 97
-28,05 -28,05 -30,05 -25,12
5,120, -190,2
(IV) Profit distribution 4,847. 4,847. 2,703. 2,063.
903.28 63.50
90 90 18 40
1. Provision of 5,120, -5,120,
surplus reserve 903.28 903.28
22
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
2. Provision of generic
risk reserve
-28,05 -28,05 -24,93 -25,12
3. Distribution to the -190,2
4,847. 4,847. 1,799. 2,063.
owners (or shareholders) 63.50
90 90 90 40
4. Others
(V) Internal 112,21 -112,2
carry-forward of owners’ 9,391. 19,391
equity 00 .00
1. Conversion of 112,21 -112,2
capital reserve into capital 9,391. 19,391
(or capital stock) 00 .00
2. Conversion of
surplus reserve into capital
(or capital stock)
3. Loss made up with
surplus reserve
4. Others
(VI) Special reserve
1. Provision in the
report period
2. Applied in the report
period
(VII) Others
IV. Ending balance of the 392,76 530,60 121,06 280,44 594,68 3,155, 1,328, 280,54 643,38 121,06 222,51 -1,515, 21,569 1,287,
23
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
report period 7,870. 6,952. 6,992. 9,864. 7.91 452.89 641,82 8,479. 1,884. 6,992. 4,569. 341.96 ,365.5 565,94
00 78 16 44 0.18 00 88 16 59 6 9.23
7.2.5 Statement of Change in Owner’s Equity of the Parent Company
Prepared by FIYTA Holdings Ltd. Semi-Annual 2011 In CNY
Amount in the report period Amount of Previous Year
Paid up Paid up
capital Less: Generic Total capital Less: Generic Total
Items Capital Special Surplus Retained Capital Special Surplus Retained
(or shares risk owners’ (or shares risk owners’
reserve reserve reserve earnings reserve reserve reserve earnings
capital in stock reserve equity capital in stock reserve equity
stock) stock)
I. Ending balance of the 280,548, 643,381, 121,066, 126,918, 1,171,91 249,317, 191,847, 115,946, 105,762, 662,873,
previous year 479.00 884.88 992.16 820.47 6,176.51 999.00 232.65 088.88 490.87 811.40
Plus: Change in
accounting policy
Correction of previous
errors
Others
II. Opening balance of the 280,548, 643,381, 121,066, 126,918, 1,171,91 249,317, 191,847, 115,946, 105,762, 662,873,
report year 479.00 884.88 992.16 820.47 6,176.51 999.00 232.65 088.88 490.87 811.40
III. Decrease/increase of
112,219, -112,219 7,748,11 7,748,11 31,230,4 451,534, 5,120,90 21,156,3 509,042,
the report year (decrease
391.00 ,391.00 0.67 0.67 80.00 652.23 3.28 29.60 365.11
is stated with “-“)
35,802,9 35,802,9 51,209,0 51,209,0
(I) Net profit
58.57 58.57 32.78 32.78
24
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
(II) Other
comprehensive income
Subtotal of the above (I) 35,802,9 35,802,9 51,209,0 51,209,0
and (II) 58.57 58.57 32.78 32.78
(III) Owners’ input and 31,230,4 451,534, 482,765,
decrease of capital 80.00 652.23 132.23
1. Capital invested by 31,230,4 451,534, 482,765,
the owners 80.00 652.23 132.23
2. Amount of payment
for shares credited to
owners’ equity
3. Others
-28,054, -28,054, 5,120,90 -30,052, -24,931,
(IV) Profit distribution
847.90 847.90 3.28 703.18 799.90
1. Provision of 5,120,90 -5,120,9
surplus reserve 3.28 03.28
2. Provision of generic
risk reserve
3. Distribution to the -28,054, -28,054, -24,931, -24,931,
owners (or shareholders) 847.90 847.90 799.90 799.90
4. Others
(V) Internal
112,219, -112,219
carry-forward of owners’
391.00 ,391.00
equity
1. Conversion of 112,219, -112,219
25
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
capital reserve into capital 391.00 391.00
(or capital stock)
2. Conversion of
surplus reserve into capital
(or capital stock)
3. Loss made up with
surplus reserve
4. Others
(VI) Special reserve
1. Provision in the
report period
2. Applied in the report
period
(VII) Others
IV. Ending balance of the 392,767, 531,162, 121,066, 134,666, 1,179,66 280,548, 643,381, 121,066, 126,918, 1,171,91
report period 870.00 493.88 992.16 931.14 4,287.18 479.00 884.88 992.16 820.47 6,176.51
26
FIYTA HOLDINGS LTD. SEMI-ANNUAL REPORT 2011, SUMMARY
7.3 Notes to the Financial Statements
7.3.1 In case there is any change in accounting policy or accounting estimate or any correction
of accounting errors, specify the concerned details, causes and the amount affected.
□ Applicable √ Inapplicable
7.3.2 In case there is great change in the consolidation scope of the financial statements, specify
the causes and the amount affected
√ applicable □ inapplicable
In the report period, HARMONY World Watches International Limited and FIYTA Sales Co., Ltd. were newly placed in the
consolidation scope.
7.3.3 If the CPAs has produced a qualified auditor’s report, state the notes to the issues involved
in the auditor’s report.
□ Applicable √ Inapplicable
27