教育亞洲有限公司 (incorporated in the Cayman Islands with limited liability 於開曼群島註冊成立之有限公司 ) Stock Code 股份代號 : 8090 * Annual Report 年報 2005 * For identification purpose only 僅供識別
CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. Furthermore, there may be risks arising out of the emerging nature of companies listed on GEM and the business sectors or countries in which the companies operate. 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. The principal means of information dissemination on GEM is publication on the Internet website operated by the Exchange. Listed companies are not generally required to issue paid announcements in gazetted newspapers. Accordingly, prospective investors should note that they need to have access to the GEM website in order to obtain up-to-date information on GEM-listed issuers. This report, for which the directors of EVI Education Asia Limited collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM for the purpose of giving information with regard to EVI Education Asia Limited. 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. EVI EVI(1) (2)(3)
2 3 4 7 8 13 23 24 25 26 27 28 1 29 62 EVI
2 11 13 Bank of Bermuda (Cayman) Limited P.O. Box 513 GT Strathvale House North Church Street Geroge Town, Grand Cayman Cayman Islands, British West Indies 28 26 Century Yard, Cricket Square Hutchins Drive, P.O. Box 2681 G.T. George Town, Grand Cayman Cayman Islands, British West Indies 24-34 9 www.evi.com.hk 8090 Conyers Dill & Pearman, Cayman 8 2901 EVI
32,000,000 31,258,000 28,000,000 24,000,000 20,000,000 20,206,000 19,959,000 16,000,000 12,000,000 10,469,000 8,000,000 33% 4,000,000 0 1,050,000 1/10/00-30/9/01 1/10/01-30/9/02 1/10/02-30/9/03 1/10/03-30/9/04 1/10/04-31/12/05 45% 11% 9% 3 2% 31,258,000 55%20,206,000 24%25,006,000 85%21,094,000 11,386,000 48% 16,875,000 4,205,000 76% 1,007,000 81% 806,000 115,500,000 5,040,000 EVI
EVI 55% 31,258,000 20,206,000 24%25,006,000 4,205,000 1,007,000 76%4,205,000 81%806,000 4 49%30%51%70% 1,542,000 289,000 15%10,164,00033% 8,820,000 8%8,131,000 EVI 31,258,000 11,386,000 21,094,000 85% 11,386,000 48%16,875,000 45% 11%11% 115,500,000 5,040,000 EVI
EVI EVI 5 EVIEVI EVI I-CubeI-Cube I-Cube I-Cube EVI
EVI 2005 EVI 2005 6 EVI
115,500,000 5,040,000 118,017,000 17,812,000115,508,000 19,123,000 103,524,00011,984,000 4,762,0001,582,000 5,040,000 7 12,897,000 10,039,000 10,318,000 106 102 EVI
15 5.485.67 8 (i) (ii) (iii) 4 4/4 100% 4/4 100% 4/4 100% 4/4 100% 0 0% 0 0% 4/4 100% 2/4 50% 3/4 75% 2/4 50% 2/4 50% 0 0% EVI
9 EVI
1 1/1 100% 1/1 100% 1/1 100% 1/1 100% 1/1 100% 10 1 1/1 100% 1/1 100% 1/1 100% 1/1 100% 1/1 100% 200,000 48,000 45,000 3,000 EVI
11 5 ** 2/5 40% 5/5 100% 5/5 100% 3/5 60% ** 2/5 40% ** EVI
12 EVI
6 20.2%20.2% 45.7%34.1%6.3%7.4% 27.4%11.2% 5% 24 13 59,508,000 24 26 42,299,000 62 55,101 10,000 EVI
Valuewit Assets LimitedValuewit Valuewit0.0254,300,000,000 0.01 0.06 106,400,000 14 14 13 28 29 24 EVI
15 86 86 87 EVI
45 36 Summerview Enterprises Limited 16 56 44 Nepean Financial Services Institute of Australasia16 42 King s College, London 1205432 EVI
49 4017 48 21 5531 17 EVI
45 15 41 18 32 9 18 5.09 XV352 5.46 (a) 153,610,000 2,182,300,000 2,335,910,000 28.14% 4,000,000 4,000,000 0.05% EVI
(a) 2,182,300,000Summerview Enterprises LimitedSummerview 153,610,000 Summerview XV 352 5.46 5.67 1. 0.076255,000,000 19 2. 0.20825,000,000 1. 30% 2. 60% 3. 220,000 14,000 (220,000) (14,000) EVI
0.06 83,000,000 (a) 20 (b) (c) 830,000,000 10% (d) 1% (e) 0.1% 5,000,000.00 EVI
(f) (g) (i) (ii) (5) (iii) (h) 21 336 Valuewit Assets LimitedValuewit 4,300,000,0001 51.81% 4,300,000,0001 51.81% Summerview Enterprises LimitedSummerview 2,182,300,000 26.29% 2,182,300,0002 28.14% 153,610,000 1. Valuewit Valuewit 2. 2,182,300,000Summerview Summerview 5% EVI
22 EVI
Certified Public Accountants Member of Grant Thornton International EVI 24 61 23 EVI
5 31,258 20,206 7 3,062 235 24 7 (12,902) (5,450) 7 (176) (291) 11 (12,897) (10,039) 7 (1,021) (1,306) 7 (58) (1,645) 16 (1,831) (7,326) (6,215) 7 (1,891) (4,505) 8 2 (16) 9 (1,889) (4,521) (1,007) (4,205) (882) (316) (1,889) (4,521) 10 (0.015) (0.105) 10 EVI
13 2,005 741 15 5,040 16 8 2,533 7,053 3,274 17 204 18 4,782 3,566 19 624 135 1,988 863 12 20 115,508 19,123 123,118 23,687 130,171 26,961 24 83,000 40,000 26 41,361 (21,139) 25 124,361 18,861 27 709 2,225 125,070 21,086 21 964 969 1,296 1,739 22 2,461 2,473 23 380 660 34 5,101 5,875 130,171 26,961 118,017 17,812 125,070 21,086 EVI
14 125,295 18,851 4 5 125,299 18,856 26 24 83,000 40,000 26 42,299 (21,144) 125,299 18,856 4 5 125,299 18,856 EVI
(1,891) (4,505) 1,021 1,306 58 1,645 1,831 (2,977) (235) (85) 21 (2,022) (1,789) (1,216) (21) (204) (489) 665 (1,060) (180) (5) (878) (443) (147) (12) (445) (5,451) (2,795) 2,977 235 (44) (49) 27 (2,518) (2,609) (2,309) (385) (761) (5,040) 3 846 (7,261) (385) 107,500 (1,056) (280) 200 106,164 200 96,385 (2,794) 19,123 21,917 115,508 19,123 115,508 19,123 EVI
18,861 22,994 2,225 91 21,086 23,085 65 72 (1,889) (4,521) 28 (1,824) (4,449) 107,500 (1,056) 2,450 (636) 125,070 21,086 (944) (4,133) (880) (316) (1,824) (4,449) EVI
1. EVI Century Yard, Cricket Square, Hutchins Drive, P. O. Box 2681 GT, George Town, Grand Cayman, Cayman Islands, British West Indies 24-349 24 61 29 EVI
2. 30 1 2 7 8 10 14 16 17 21 24 27 32 33 36 37 38 39 2 3 2.1 1 1 2.2 36 38 3 3 38 EVI
2. 2.3 2 2 2 2 2 2.4 2 7 8 10 14 16 17 21 24 27 32 33 37 39 2.5 31 1 39 7 3. 3.1 3.2 EVI
3. 3.3 32 3.4 EVI
3. 3.5 3.6 33 3.7 (i) (ii) EVI
3. 3.8 50% 25% 33% 20% 33% 3.9 34 3.10 EVI
3. 3.10 3.11 35 EVI
3. 3.12 3.13 36 3.14 12 EVI
3. 3.15 3.16 3.17 37 3.18 3.19 EVI
3. 3.19 3.3 3.20 (a) (i) (ii) (iii) (b) 38 (c) (d) (a) (b) (b) (c) (e) 3.21 EVI
4. 3.6 39 5. (i)(ii) (iii) (iv) 10,164 8,820 13,954 7,102 3,556 1,609 3,035 2,553 549 122 31,258 20,206 EVI
6. (a) 10,164 13,954 3,556 3,035 549 31,258 (2,837) (1,814) (686) 1,450 (71) (3,958) (910) 40 (4,868) 2,977 (1,891) 2 (1,889) 2,427 4,679 269 624 1,307 9,306 120,865 130,171 2,330 1,296 406 386 33 4,451 650 5,101 1,326 64 538 381 2,309 846 62 97 16 1,021 58 58 1,542 144 145 1,831 EVI
6. (a) 8,820 7,102 1,609 2,553 122 20,206 (3,155) (1,385) (262) 632 (20) (4,190) (550) (4,740) 235 (4,505) (16) 41 (4,521) 3,735 2,972 174 649 13 7,543 19,418 26,961 3,167 1,177 271 405 21 5,041 834 5,875 2,835 2,835 1,306 1,306 907 369 369 1,645 EVI
6. (b) 10% 127,319 19,997 2,150 164 2,852 6,964 159 2,671 130,171 26,961 2,309 2,835 42 7. 1,895 1,861 246 219 2,141 2,080 12,902 5,450 176 291 12,897 10,039 1,021 1,306 58 636 1,009 58 1,645 1,831 21 66 59 200 180 2,977 235 85 3,062 235 EVI
8. 17.5%17.5% 16 (2) (2) 16 43 (1,891) (4,505) (619) (647) 1,118 196 (550) (60) 213 527 (162) (2) (2) 16 EVI
8. 26 (85) * (9,524) (9,362) (9,498) (9,447) * 44 9. 1,889,000 4,521,000 1,000 4,224,000 10. 1,007,000 4,205,0006,747,483,589 4,000,000,000 11. 12,295 9,343 602 696 12,897 10,039 EVI
12. 12.1 1 1 713 15 728 246 6 252 959 21 980 45 50 50 50 50 100 100 200 200 200 959 21 1,180 EVI
12. 12.1 1 1 556 12 568 534 12 546 1,090 24 1,114 46 50 50 50 50 50 1,090 24 1,164 1. 156 12 12 EVI
12. 12.2 1,992 1,254 54 36 2,046 1,290 1,000,000 47 EVI
13. 1,788 715 8,161 10,664 (1,758) (639) (6,605) (9,002) 30 76 1,556 1,662 30 76 1,556 1,662 77 31 277 385 (29) (64) (1,213) (1,306) 78 43 620 741 48 1,865 739 6,254 8,858 (1,787) (696) (5,634) (8,117) 78 43 620 741 78 43 620 741 1,409 122 778 2,309 (3) (21) (24) (410) (48) (563) (1,021) 1,077 114 814 2,005 1,486 474 5,841 7,801 (409) (360) (5,027) (5,796) 1,077 114 814 2,005 EVI
14. 2,608 2,608 169,505 63,061 172,113 65,669 (46,818) (46,818) 125,295 18,851 49 Network Focus 2,000 100%* Consultancy 1 Corporation EVI Services Limited 21,053 100% 1 Jaques Kurtz Company 11 100% Limited 2 100% 1 EVI
14. Web Work Industries 11 100% Limited EVI MP Limited 11 100% Value Media 100 100% International Limited 1 50 System New 100 75% International Limited 1 100 80% 1 20 60% 1 100% 150,000 70% 5,000,000 EVI
14. 11 100% Star and Rose 11 100% (Hong Kong) Limited Will Sky Group Limited Truegoal Group Limited 11 100% Eternal Beauty Group 11 100% Limited 51 11 100% 11 100% Gainwell Group Limited 11 100%* 11 100% 11 100% 21 100% 11 100% * EVI
15. 5,040 16. 2,511 6,534 6,318 15,363 (1,485) (5,832) (6,318) (13,635) 52 1,026 702 1,728 1,026 702 1,728 2,450 2,450 (1,009) (636) (1,645) 2,467 66 2,533 4,961 6,534 6,318 17,813 (2,494) (6,468) (6,318) (15,280) 2,467 66 2,533 2,467 66 2,533 (58) (58) (636) (636) (1,831) (1,831) 8 8 1,831 6,534 6,318 14,683 (1,831) (6,526) (6,318) (14,675) 8 8 EVI
16. 49%30%51%70%636,000 1,542,000 289,000 33 17. 53 204 18. 0 30 3,206 2,060 31 60 553 994 61 90 296 125 90 1,286 914 5,341 4,093 (559) (527) 4,782 3,566 EVI
18. 252,000 19. 624 330 (195) 624 135 54 624 135 20. 7,769 14,548 107,739 4,575 115,508 19,123 1.65.28 0.045.01 30 1,582,000 433,000 EVI
21. 0 30 633 703 31 60 27 198 61 90 218 13 90 86 55 964 969 22. 55 0 30 2,402 2,444 31 60 8 61 90 8 90 51 21 2,461 2,473 23. 280,000 EVI
24. 50,000,000,0000.01 500,000 500,000 4,000,000,000 40,000 40,000 4,300,000,000 43,000 43,000 56 8,300,000,000 83,000 83,000 Valuewit Assets Limited Valuewit Assets Limited4,300,000,000 107,500,000 25. 0.076255,000,000 (a)30% (b) 60%(c) 10% (a)(b) (c) EVI
25. 25,000,000 0.208 (a)30% (b) 60%(c) 221,500 21,000 (1,500) (7,000) 220,000 14,000 57 (220,000) (14,000) 2 2.3 10% (a)(b) (c) 10 EVI
26. (a) 22,372 14,918 (54,296) (17,006) (4,205) (4,205) 72 72 22,372 14,918 72 (58,501) (21,139) 22,372 14,918 72 (58,501) (21,139) 64,500 64,500 (1,056) (1,056) (1,007) (1,007) 63 63 58 85,816 14,918 135 (59,508) 41,361 (b) 22,372 2,509 (41,801) (16,920) (4,224) (4,224) 22,372 2,509 (46,025) (21,144) 22,372 2,509 (46,025) (21,144) 64,500 64,500 (1,056) (1,056) (1) (1) 85,816 2,509 (46,026) 42,299 (a) (b) EVI
26. 42,299,000 27. 2,225 91 (882) (316) 2,450 (636) 2 709 2,225 28. 59 2,597 131 556 194 2,695 1,205 5,292 131 1,761 194 EVI
29. 5%1,000 602,000 696,000 30. 30.1 60 30.2 (a) 480 (a) EVI
31. 31.1 4,762,000 1,582,0005,040,000 31.2 61 31.3 EVI
1,050 10,469 19,959 20,206 31,258 1,227 525 247 235 3,062 (17,895) (17,784) (9,359) (4,505) (1,891) (17,895) (17,824) (9,476) (4,205) (1,007) 0.494 0.447 0.237 0.105 0.015 62 54,850 38,983 30,299 26,961 130,171 (4,503) (6,463) (7,214) (5,875) (5,101) (50) (91) (2,225) (709) 50,347 32,470 22,994 18,861 124,361 EVI
EVI Education Asia Limited 9th Floor, Tai Sang Commercial Building, 24-34 Hennessy Road, Hong Kong 香港軒尼詩道 24-34 號大生商業大廈 9 樓 Website 網址 : www.evi.com.hk