I.T LIMITED /

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Transcription:

I.T LIMITED /

I.T Limited 05/06 2

4 18 20 22 24 28 33 40 44 45 54 55 89 3 I.T Limited 05/06

is well established as a ETTER is well established as a in fashion apparel retail market in Hong Kong with stores in the PRC, Taiwan, Macau and Malaysia. The Group has an extensive retail network of more than 300 stores across Greater China with staff around 1,300. I.T Limited 05/06 4

REND S 5 I.T Limited 05/06

is not just a shion icon I.T Limited 05/06 6

fa 7 I.T Limited 05/06

VE FOR FASHION different fashion concepts, sold at varying retail price points and targeted at different customer groups. I.T Limited 05/06 8

WE ACTUALLY LI Through the multi-brand and multi-layer business model, we offer a wide range of fashion apparel with 9 I.T Limited 05/06

al designer s brands, in-house brands and licensed brands. International brands include Balenciaga Junya Watanabe A Bathing Ape Maison Martin Margiela Miu Miu Jil Sander der McQueen Tsumori Chisato Ann Demeulemeester D & G Dior Homme I.T Limited 05/06 10

Alexan I.T carries apparel from established and up-and-coming internatio 11 I.T Limited 05/06

izzue.com, b+ab, 5cm and i.t loves mickey, Arnold d Baby Jane. In addition to h Connection stores in ventures with French Connection. sion into the PRC, i.t Limited ( GSIT ), to sell international, rmore, GSIT entered into eration to cover I.T Limited 05/06 12

In-house brands include http://www. fingercroxx. Licensed brands include Palmer, MLB, Underground, Hyoma an this, the Group has established Frenc Hong Kong and the PRC through joint In an attempt to accelerate the expan the Group formed a joint venture, G.S with Glorious Sun Enterprises Limited in-house and licensed brands. Furthe another joint venture to expand the o Taiwan as well. 13 I.T Limited 05/06

I.T Limited 05/06 14

I.T was listed on the Main Board of The Stock Exchange of Hong Kong Limited on 04.03.2005 15 I.T Limited 05/06

I.T Limited 05/06 16

Clarendon House 2 Church Street Hamilton HM 11 Bermuda 11 A 31 Conyers Dill & Pearman The Bank of Bermuda Limited 183 1715 1716 2862-8628 ipr Ogilvy Limited 2136-6185 3170-6606 info@iprogilvy.com 3199-1671 2237-6771 josephinel@ithk.com www.ithk.com 17 I.T Limited 05/06

I.T 157 5 French Connection 122 72 50 23 4 200 10 I.T Limited 05/06 18

19 I.T Limited 05/06

I.T Limited 05/06 20

I.T Limited I.T I.T I.T I.T I.T 21 I.T Limited 05/06

999 0.10 13.71 35% I.T Limited 05/06 22

23 I.T Limited 05/06

13.144 26.3% 7.742 22.0% 58.9%60.9% 61.1%62.3% 1.968 10.3% 15.0%17.1% 1.223 9.8% 0.12 1,390 1.362 20.8%0.13 33.0%44.0%41.8% 18.6%50.7%54.0% 50%FCUK IT Company French Connection 236,000 294,00024.6% 21.5%20.2% 16.5%16.4% 6.8%7.3% 4.8 1500 1000 ( ) : 17.3% 812 695 732 1,041 1,314 140 70 106 83 136 122 111113 500 4444 4848 0 02 03 04 05 06 0 02 03 04 (1) 05 06 (2) 1 1,330 900 2 1,390 I.T Limited 05/06 24

% 1,314,443 1,041,017 +26.3 122,314 111,440 +9.8 (1) 136,218 112,733 +20.8 % (2) 425,631 397,632 +7.0 546,706 483,983 +13.0 747,266 599,111 +24.7 % 0.12 0.16-25.0 0.12 0.15-20.0 4.8 4.3 (3) 0.72 0.60 +20.0 (4) 84 75 +9 (5) 110.7 68.5 +42.2 % 61.1 62.3-1.2 % (6) 10.4 10.8-0.4 (7) 5.4 3.1 % (8) 18.2 28.2 1. 2 1,390130 2. 3. 4. 5. 6. 1,390130 7. 8. 25 I.T Limited 05/06

FASHION shaping the fashion scene in Greater China

27 I.T Limited 05/06 IS

58,000 50%FCUK IT CompanyFrench Connection 294,000 236,00024.6% 23.2% 1,245,400,000 1,011,300,000 I.T 9,000 I.T15.3% 33.0% 578,900,000 435,100,000 44.0%41.8% 18.6% 666,500,000 562,100,000 50.7%54.0% 2.6% 22.0% 774,200,000 634,500,00061.1%62.3% 34.4% 282,500,000 210,200,000 35.8% 273,000201,000 21.5%20.2% 27.4% 217,200,000 170,500,000 16.5%16.4% 6.8%7.3% I.T Limited 05/06 28

13,900,000 1,300,000 122,300,000 111,400,000 9.8% 20.8% 136,200,000 112,700,000 50% 126.8% 210,200,000 92,700,000 I.T60,000 48.8% 60,000 46,000 122 183,00050% French Connection 11 French Connection93 1 French Connection 123,0002312 EBITDA EBITDA10.3% 196,800,000 178,500,000 EBITDA 15.0%17.1% 0.8% 148,000,000 149,300,000 7.5% 161,900,000 150,600,000 4,200,000 8,900,000 137,300,000 140,200,000 134,100,000 162,600,00077,100,000 60,500,00041,500,000 42,000,000 140,300,000 531,000,000 71,400,000 44,600,000 145,000,000 29 I.T Limited 05/06

8475 425,600,000 579,700,000 135,800,000 288,700,000 747,300,000 599,100,000 312,500,000 369,100,000 235,100,000 122,200,000 750,000 54,900,000 17,800,000 37,100,000 182,100,0005.43.1 16,600,000 12,200,000 I.T Limited 05/06 30

514,900,000 320,000 86,500 233,500 90,000 20,000 70,000 95,000 95,000 9,900 9,900 514,900 211,400 303,500 1,2831,279 A Bathing Ape Beams T Baby Jane 31 I.T Limited 05/06

apm 30,000 40,000 Saks Fifth AvenueSaks Fifth Avenue Saks Fifth Avenue http://www.izzue.comhttp://www.izzue.com 5cm 10,000I.T8,000 LVMH Kenzo Kenzo I.T Limited 05/06 32

39 45 Nam Tai Electronics, Inc. 33 I.T Limited 05/06

36 50 59 51 48 The Victoria University of Manchester 38 42 I.T Limited 05/06 34

39 37 35I.T i.t ETE 36 b+ab 5cm 35 40 39 La Trobe 37 34 Institute of Business Administration 49 City University of New York 35 I.T Limited 05/06

A PORTFOLIO

BRAND HAS UNIQUE

GA

MULTI-BRAND E STORE CONCEPT: Hong Kong sq. ft. apm shopping mall 7,000 Langham Place 16,000 Cleveland Street 17,000 I.T and i.t Silvercord 19,000 I.T and i.t Festival Walk 21,000 The PRC (operated by GSIT) Beijing Oriental Plaza 22,000 The Gate (to be opened) 8,000 The Place (to be opened) 10,000 Shanghai Cloud Nine 14,000 Plaza 66 22,000 Xin Tian Di 27,000

3335 I.T Limited 05/06 40

41 I.T Limited 05/06

1 5/5 16/16 5/5 1/1 2 5/5 3/3 5/5 1 2/5 15/16 5/5 4/16 1/1 0/5 3 5/5 3/3 4 4/5 3/3 5/5 1/1 1 2 3 4 I.T Limited 05/06 42

54 1,160,000435,700 10 43 I.T Limited 05/06

I.Tzing by zing I.T Zing Zing I.T200,000 Fingercroxx DREAMS come true I.TFingercroxx Fingercroxx X-LargeXL FingerT (cross-over)13 double-park EXIT DREAMS come true I.T Limited 05/06 44

I.T Limited 17 5 17 55 4.8 4.3 49,867,000 44,612,000 200,000 880,000 15 29 30 196,385,000 49,867,000 8990 45 I.T Limited 05/06

87 3.13 9 42 33 35 352 10 (a) 1 2 672,075,000 64.69% 2 3 672,075,000 64.69% (1) 3WH Limited25%3WH Limited25% 3WH Limited 3WH Limited (2) The ABS 2000 TrustEffective Convey Limited Dynamic Vitality Limited The ABS 2000 Trust Effective Convey Limited (3) 3WH Limited 50% 3WH Limited3WH Limited I.T Limited 05/06 46

(b) (c) 3WH Limited 50% Comfort Yield Limited 100% GP (FE) Limited 100% 100% izzue.com (Hong Kong) Limited 100% Online Profit Limited 100% Optimum Performance Limited 100% 100% Profit Targets Limited 100% 100% 100% Weskin Limited 100% Yearful (Hong Kong) Limited 100% Young Ranger Investment Limited 100% Yueon Corporation Limited 100% Effective Convey Limited 100% Dynamic Vitality Limited 100% 3WH Limited 50% Comfort Yield Limited 100% GP (FE) Limited 100% 100% izzue.com (Hong Kong) Limited 100% Online Profit Limited 100% Optimum Performance Limited 100% 100% Profit Targets Limited 100% 100% 100% Weskin Limited 100% Yearful (Hong Kong) Limited 100% Young Ranger Investment Limited 100% Yueon Corporation Limited 100% Effective Convey Limited 100% Dynamic Vitality Limited 100% 48 18 47 I.T Limited 05/06

(a) 0.1 7,200,000 600,000 600,000 1,600,000 (1,400,000) 200,000 5,000,000 5,000,000 7,200,000 (1,400,000) 5,800,000 (b) (i)(ii) (iii) 1 30%10 2.35 15,750,000 2.125 3,000,000 3,000,000 12,750,000 (800,000) 11,950,000 15,750,000 (800,000) 14,950,000 (c) 1.95 2.1 0.1 2.35 33% 33% 2.5% 2.5% 2.15% 2.79% 336 XV2 3 3WH Limited 336,037,500 32.35% Effective Convey Limited1 336,037,500 32.35% Dynamic Vitality Limited1 336,037,500 32.35% The ABS 2000 Trust1 2 336,037,500 32.35% HSBC International Trustee Limited2 338,187,500 32.55% 1. Effective Convey Limited Dynamic Vitality Limited The ABS 2000 TrustDynamic Vitality Limited The ABS 2000 Trust Effective Convey Limited 2. The ABS 2000 TrustHSBC International Trustee Limited The ABS 2000 Trust I.T Limited 05/06 48

30%30% 34 13.16 50%14.07 8% 85,080 -------------- 103,885 (94,562) 9,323 -------------- 94,403 -------------- (578) (98,217) (98,795) -------------- (4,392) (4,392) 40 43 49 I.T Limited 05/06

shion icon ETTING piration le

ins a lifesty a fa TREND 53 I.T Limited 05/06

I.T LIMITED 5588 90 I.T Limited 05/06 54

5 1,314,443 1,041,017 (540,243) (406,546) 774,200 634,471 6 16,384 3,407 (642,553) (488,597) 148,031 149,281 10 (1,665) (3,797) 4,237 (8,863) 150,603 136,621 11 (28,289) (25,181) 12 122,314 111,440 13 0.12 0.16 13 0.12 0.15 14 49,867 234,612 55 I.T Limited 05/06

15 97,237 62,043 16 19,169 17 522,050 183,173 18 51,699 62,150 19 43,418 40,858 28 576 2,642 1,080 213,179 --------------- 167,693 --------------- 522,050 --------------- 183,173 --------------- 20 147,398 101,194 21 6,638 9,840 18 44,557 22 45,702 29,304 538 3,669 23 32 750 17,750 23 424,881 561,983 214,184 463,835 669,926 --------------- 720,071 --------------- 214,722 --------------- 467,504 --------------- 24 (130,461) 25 (48,151) (40,873) 26 (62,739) (55,396) (38) (2,119) 27 (2,430) (9,900) (9,358) (123,220) (236,088) (38) (2,119) --------------- --------------- --------------- --------------- 546,706 483,983 214,684 465,385 --------------- --------------- --------------- --------------- 759,885 --------------- 651,676 --------------- 736,734 --------------- 648,558 --------------- 24 (51,640) 26 (10,388) (8,508) 28 (2,231) (925) (12,619) (52,565) (8,508) --------------- --------------- --------------- --------------- 747,266 599,111 736,734 640,050 29 103,890 100,000 103,890 100,000 30 643,376 499,111 632,844 540,050 747,266 599,111 736,734 640,050 I.T Limited 05/06 56

8 191,520 191,528 30 111,440 111,440 30 16 31,179 31,195 132 132 2.1 44 (44) 29 30 74,800 (74,800) 29 30 25,000 462,500 487,500 30 (33,977) (33,977) 30 1,293 1,293 (190,000) (190,000) 100,000 499,111 599,111 100,000 499,111 599,111 39 2.2 (13,145) (13,145) 100,000 485,966 585,966 ------------------- ------------------- ------------------- 30 (1,735) (1,735) 122,314 122,314 120,579 120,579 ------------------- ------------------- ------------------- 29 30 3,750 69,375 73,125 29 140 140 30 (1,836) (1,836) 30 13,904 13,904 (44,612) (44,612) 3,890 36,831 40,721 ------------------- ------------------- ------------------- 103,890 643,376 747,266 57 I.T Limited 05/06

31(a) 162,628 168,454 (969) (3,797) (24,400) (25,450) 25 956 137,284 140,163 ------------------- ------------------- (77,134) (60,540) (29,524) 31(b) 17 2,361 (4,000) (8,000) (37,473) (33,993) (9,785) 40 (52,743) 14,059 38 (134,072) (162,605) ------------------- ------------------- 73,265 487,500 (3,866) (31,947) 150,000 (145,000) (26,000) (37,075) 36,632 (44,612) (68,192) 17,000 (17,000) (140,288) 530,993 ------------------- ------------------- (137,076) 508,551 561,957 53,406 31(c) 424,881 561,957 I.T Limited 05/06 58

1 I.T Limited Clarendon House, 2 Church Street, Hamilton HM11, Bermuda 2 2.1 ithk holdings limited 17Amwell Development Limited 2.2 4 1 2 7 8 10 16 17 21 23 24 27 31 32 33 36 38 39 39 15 2 3 59 I.T Limited 05/06

2 2.2 1 2 7 8 10 16 17 21 23 24 27 31 33 36 3815 3 1 2 7 8 10 16 17 23 27 31 33 36 38153 21 24 32 3939 2 (i) 39 24 24 39 15 2 3 2 15,197 1,293 15,197 1,293 13,904 1,293 0.013 0.002 0.013 0.002 2 I.T Limited 05/06 60

2 2.2 (ii) 3939 13,145,000 3,824 3,776 11,604 422 2,430 1,070 10,855 1,735 1 19 21 39 4 39 39 6 7 4 5 6 29 7 39 39 4 (a)(b) 1 1 1 1 1 4 4 (a) (b) 4 61 I.T Limited 05/06

2 2.3 (a) (b) 2.4 2.5 (a) (b) I.T Limited 05/06 62

2 2.6 4 4 2.8 2.7 2.8 2.9 63 I.T Limited 05/06

2 2.10 (i) (ii) 2.11 2.12 2.13 I.T Limited 05/06 64

2 2.14 2.15 2.16 2.17 2.18 (i) (ii) (iii) 65 I.T Limited 05/06

2 2.18 (iv) 2.19 2.20 (a) (b) (c) 2.21 2.22 I.T Limited 05/06 66

2 2.23 3 3.1 (a) 80% 100% (b) (c) (d) 67 I.T Limited 05/06

3 3.2 4 (a) (b) (c) (d) (e) I.T Limited 05/06 68

5 (a) 1,310,600 1,039,926 3,843 1,091 1,314,443 1,041,017 (b) 6 14,059 3,407 2,598 (273) 7 16,384 3,407 532,802 396,342 3,177 7,697 8 231,130 171,820 223,550 165,605 13,670 13,435 9,853 10,959 41,452 31,520 488 10,355 5,387 7,144 1,160 815 4,643 4,398 3 69 I.T Limited 05/06

8 207,758 163,348 2,041 9,090 4,856 13,904 1,293 378 282 231,130 171,820 (a) 5%1,000 9,090,000 6,779,000 9 (a) (i) 4,355 960 12 5,327 3,187 530 12 3,729 67 880 1,465 12 2,424 67 67 67 67 67 67 67 67 335 8,422 2,955 36 11,748 (i) 4,020 960 11 4,991 3,480 11 3,491 55 108 163 55 55 55 55 55 55 55 55 275 7,500 1,068 22 8,865 (i) I.T Limited 05/06 70

9 (b) 1,632 2,295 (i) 1,124 1,131 51 36 2,807 3,462 (i) 1,000,000 1 1,000,0011,500,000 2 2 2 3 (c) 10 969 2,547 1,250 696 11 1,665 3,797 17.5%17.5% 24,917 26,172 28 3,372 (991) 28,289 25,181 71 I.T Limited 05/06

11 150,603 136,621 (4,237) 8,863 146,366 145,484 17.5%17.5% 25,614 25,460 (2,843) (596) 5,518 607 (290) 28,289 25,181 12 55,963,000 48,354,000 13 122,314 111,440 1,035,466 703,930 0.12 0.16 122,314 111,440 1,250 122,314 112,690 1,035,466 703,930 5,362 47,148 1,040,828 751,078 0.12 0.15 I.T Limited 05/06 72

14 190,000 4.8 4.3 49,867 44,612 49,867 234,612 190,000,000ithk holdings limited 2.1121,808,000ithk holdings limited 4.849,867,000 15 76,133 13,981 90,114 (49,053) (8,324) (57,377) 27,080 5,657 32,737 27,080 5,657 32,737 55,721 4,819 60,540 268 32 300 (2) (12) (14) (28,654) (2,866) (31,520) 54,413 7,630 62,043 132,120 18,816 150,936 (77,707) (11,186) (88,893) 54,413 7,630 62,043 54,413 7,630 62,043 56,461 20,673 77,134 (459) (29) (488) (36,636) (4,816) (41,452) 73,779 23,458 97,237 178,727 38,819 217,546 (104,948) (15,361) (120,309) 73,779 23,458 97,237 41,452,000 31,520,000 73 I.T Limited 05/06

16 29,524 (10,355) 19,169 29,524 (10,355) 19,169 10,355,000 17 136,880 136,880 385,170 46,293 522,050 183,173 (a) (i) Amwell Development Limited 300,000 100% b+ab (bvi) limited 1 100% b&ab Limited 500,000 100% 300,000 100% 2 100% 2 100% 2 100% 2 100% Double Park Limited 500,000 100% I.T Limited 05/06 74

17 (i) 2 100% 500,000 100% 2 100% 2 100% i.t apparels Limited 500,000 100% I.T.CHINA (B.V.I.) LIMITED 1 100% I.T Licensing Limited 1 100% I.T Distribution Limited 2 100% ithk associates limited 1 100% ithk investments limited 1 100% ithk holdings limited 20,000 100% ithk tm limited 1 100% Izzue Limited 300,000 100% izzue (bvi) limited 1 100% 2 100% 1 100% 2 100% 2 100% 300,000 100% 10,000 100% 2 100% 2 100% 2 100% 2 100% 75 I.T Limited 05/06

17 (i) 2 100% 4,000,000 100% Tower Group International (HK) Limited 300,000 100% 2 100% (i) ithk holdings limited (b) 18 14,095 5,858 82,161 56,292 96,256 62,150 (44,557) 51,699 62,150 (a) 5,858 7,573 3,515 (8,863) 722 4,000 8,000 (852) 14,095 5,858 140,692 4,237 113,707 (99,612) 62,989 (8,863) 77,067 (71,209) I.T Limited 05/06 76

18 (a) FCUK IT Company 40,000,000 50% 2 50% (b) 37,604,000 56,292,000 3.0 44,557,000 (c) 19 20 3.0 147,398 101,194 37,075,000 24 21 3060 0 90 0 90 22 22,298 10,326 23,024 14,906 380 4,072 538 3,669 45,702 29,304 538 3,669 77 I.T Limited 05/06

23 750 17,750 119,238 543,897 306 463,835 305,643 18,086 213,878 425,631 579,733 214,184 463,835 2.970.841533 403,568 573,232 214,184 463,835 19,250 2,760 523 2,721 895 36 1,395 984 24 425,631 579,733 214,184 463,835 26 37,075 93,360 130,461 ------------------ ------------------ 26,640 25,000 51,640 ------------------ ------------------ 182,101 5.50 4.46 3.46 32 I.T Limited 05/06 78

25 0 30 41,543 38,051 31 60 4,883 2,342 61 90 529 324 91 180 852 110 181 365 256 38 365 88 8 26 48,151 40,873 2,040 1,584 33,394 26,908 10,941 13,997 8,963 10,315 38 2,119 15,718 2,071 2,592 73,127 55,396 38 2,119 (10,388) 62,739 55,396 38 2,119 4 27 79 I.T Limited 05/06

28 124 493 452 2,149 576 2,642 ------------------ ------------------ (2,231) ------------------ (925) ------------------ (1,655) 1,717 1,717 726 11 (3,372) 991 (1,655) 1,717 (1,520) (338) (718) (1,182) (2,238) (1,520) 2,706 864 531 200 3,237 1,064 (2,209) 1,842 (445) 331 (2,654) 2,173 497 2,706 86 531 583 3,237 I.T Limited 05/06 80

29 1 (i) 100 100 (iii) 900 0.1 1,000 100 (iv) 2,999,000 299,900 0.1 3,000,000 300,000 1 (ii) 100 (iii) 900 0.1 1,000 ithk holdings limited (v) 100 (v) 1,000 100 (vi) 748,000 74,800 (vii) 250,000 25,000 0.1 1,000,000 100,000 (viii) 37,500 3,750 (ix) 1,400 140 0.1 1,038,900 103,890 (i) (ii) (iii) (iv) (v) 100,000 100,0001 100,0001 1 0.1 2,999,000,0000.1100,000 300,000,000 1,000,0000.1 1,000,000 0.1 2.1ithk holdings limited (vi) (vii) (viii) (ix) 74,800,000 748,000,000 0.1 (vii) 250,000,0000.1 1.95 487,500,000 37,500,0000.1 1.95 73,125,000 1,400,0000.1 0.1 81 I.T Limited 05/06

29 (a) 0.1 7,200,000 0.1 7,200 0.1 7,200 0.1 (1,400) 0.1 5,800 0.1 7,200 1.71 12,338,000 (b) (i)(ii) (iii) 1 30%10 2.35 15,750,000 2.35 15,750 2.35 (800) 2.35 14,950 0.18 2,859,000 I.T Limited 05/06 82

29 (c) 1.95 2.10 0.10 2.35 33.00% 33.00% 3 1.6 2.50% 2.50% 2.15% 2.79% 30 (a) (i) 1,202 190,318 191,520 111,440 111,440 2.1 31,135 31,135 29(vi) (74,800 ) (74,800 ) 29(vii) 462,500 462,500 (33,977 ) (33,977 ) 1,293 1,293 (190,000 ) (190,000 ) 353,723 1,293 32,337 111,758 499,111 44,612 67,146 111,758 353,723 1,293 32,337 121,900 509,253 (10,142 ) (10,142 ) 353,723 1,293 32,337 111,758 499,111 83 I.T Limited 05/06

30 (a) (i) 353,723 32,337 113,051 499,111 1,293 (1,293 ) 353,723 1,293 32,337 111,758 499,111 39 (13,145 ) (13,145 ) 353,723 1,293 32,337 98,613 485,966 122,314 122,314 (2,430 ) (2,430 ) 273 273 422 422 29(viii) 69,375 69,375 (1,836 ) (1,836 ) 13,904 13,904 2,399 (2,399 ) (44,612 ) (44,612 ) 423,661 12,798 32,337 (1,735 ) 176,315 643,376 49,867 126,448 176,315 423,661 12,798 32,337 (1,735 ) 182,220 649,281 (5,905 ) (5,905 ) 423,661 12,798 32,337 (1,735 ) 176,315 643,376 I.T Limited 05/06 84

30 (b) (ii) 48,354 48,354 29(v) (100 ) (100 ) 2.1 136,780 136,780 29(vi) (74,800 ) (74,800 ) 29(vii) 462,500 462,500 (33,977 ) (33,977 ) 1,293 1,293 353,723 1,293 136,680 48,354 540,050 44,612 3,742 48,354 353,723 136,680 48,354 538,757 1,293 1,293 353,723 1,293 136,680 48,354 540,050 55,963 55,963 29(viii) 69,375 69,375 (1,836 ) (1,836 ) 13,904 13,904 2,399 (2,399 ) (44,612 ) (44,612 ) 423,661 12,798 136,680 59,705 632,844 49,867 9,838 59,705 (i) (ii) (a) ithk holdings limited(b)2.1 ithk holdings limited (c) ithk holdings limited 2.1 85 I.T Limited 05/06

31 (a) 122,314 111,440 28,289 25,181 1,665 3,797 (16,657) (3,407) (4,237) 8,863 41,452 31,520 10,355 273 488 (3) 13,904 1,293 197,846 178,684 (1,503) (11,030) (1,080) (45,782) (33,873) 3,202 (1,128) (16,398) (12,039) 7,278 16,170 19,065 31,670 162,628 168,454 (b) 15 488 14 (488) 3 17 (c) 424,881 561,983 (26) 32 424,881 561,957 312,500,000 369,127,000 235,063,000 122,197,000 (i) (ii) (iii) 750,000 17,750,000 20 I.T Limited 05/06 86

33 (a) 220,077 183,799 265,482 231,630 4,637 1,660 490,196 417,089 (b) 16,660 12,204 31,200 16,660 43,404 (c) 34 75,650 57,320 Effective Convey Limited 3WH Limited 32.35% (a) 47,970 9,793 3,843 4,563 2,888 87 I.T Limited 05/06

34 (b) 67 55 17,062 15,377 943 348 292 5,426 395 2,656 2,055 25,559 19,117 (c) 3,000,0002.35 3,000,00029(b)600,000 0.1600,00029(a) I.T Limited 05/06 88

1,314,443 1,041,017 812,168 731,983 695,051 (540,243) (406,546) (326,571) (316,280) (310,804) 774,200 634,471 485,597 415,703 384,247 16,384 3,407 128 215 216 (642,553) (488,597) (361,684) (344,441) (318,236) 148,031 149,281 124,041 71,477 66,227 (1,665) (3,797) (4,298) (9,863) (11,772) 4,237 (8,863) (1,792) 110 (276) 9,012 150,603 136,621 126,963 61,724 54,179 (28,289) (25,181) (21,373) (13,770) (10,310) 122,314 111,440 105,590 47,954 43,869 49,867 234,612 20,000 20,000 20,000 89 I.T Limited 05/06

97,237 62,043 32,737 20,001 38,878 19,169 51,699 62,150 33,503 2,497 2,215 43,418 40,858 29,139 17,185 24,281 51,221 23,601 35,369 576 2,642 904 1,172 354 1,080 213,179 167,693 147,504 64,456 101,097 ------------------ ------------------ ------------------ ------------------ ------------------ 147,398 101,194 66,216 53,189 55,027 6,638 9,840 8,622 2,737 2,814 44,557 45,702 29,304 13,685 17,063 6,544 17,927 30,734 15,445 40 750 17,750 750 5,220 5,162 424,881 561,983 53,406 75,832 34,026 669,926 720,071 160,646 184,775 119,018 ------------------ ------------------ ------------------ ------------------ ------------------ (130,461) (21,443) (65,221) (10,254) (48,151) (40,873) (24,662) (30,479) (27,890) (62,739) (55,396) (21,464) (19,595) (24,530) (2,430) (9,900) (9,358) (7,680) (7,962) (5,081) (10,000) (20,000) (123,220) (236,088) (85,249) (143,257) (67,755) ------------------ ------------------ ------------------ ------------------ ------------------ 546,706 483,983 75,397 41,518 51,263 ------------------ ------------------ ------------------ ------------------ ------------------ 759,885 651,676 222,901 105,974 152,360 ------------------ ------------------ ------------------ ------------------ ------------------ (51,640) (31,195) (53,034) (10,388) (2,231) (925) (178) (47) (1,342) (12,619) (52,565) (31,373) (47) (54,376) ------------------ ------------------ ------------------ ------------------ ------------------ 747,266 599,111 191,528 105,927 97,984 103,890 100,000 8 8 8 643,376 499,111 191,520 105,919 97,976 747,266 599,111 191,528 105,927 97,984 5556 2.1 I.T Limited 05/06 90