环球资源执行董事长韩礼士 (Merle A. Hinrich) 先生表示：“2016年下半年，公司在香港举办的秋季贸易展览会系列成绩斐然，在展位销售及参观人数两方面均录得增长。其中，‘环球资源电子展’已然发展成为全球规模最大展示消费类电子及移动电子产品的采购盛会。环球资源始终占据有利的位置，在中国电子出口业的快速发展势头中取得优势。我们的‘创客空间’是亚洲最大型的消费类电子初创硬件企业展览，此项目在‘环球资源电子展’一期及二期中均有设置，是一个综合研讨会及展览的平台，让买家可以接触到最前沿的创新科技，并快人一步将最新的电子产品推出市场。”
环球资源将过往及将来未按“国际财务报告准则”计算的净利润 (non-IFRS net profit) 定义为：按“国际财务报告准则”计算的净利润扣除非现金股票费用或净值、与公司数个股权补偿计划相关的无形资产摊销费用、公司任何购并或出售资产及投资，扣除其相关的交易及税务费用后的收益或亏损，及/或公司所有扣除相关税务费用后的减值支出。而未按“国际财务报告准则”计算的每股摊薄净盈利 (Non-IFRS diluted net profit per share) 的定义为：未按“国际财务报告准则”计算的净盈利除以已发行普通股的摊薄加权平均股数。经调整 EBITDA则是指扣除利息、税项、折旧、摊销、非现金股票补偿费用或净值、任何购并或出售资产及投资，扣除其相关的交易及税务费用后的收益或亏损、商誉及无形资产减值前的盈利。
(In U.S. Dollars Thousands, Except Number of Shares and Per Share Data)
As at December 31,
As at December 31,
2016
2015
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents
$
88,749
$
70,356
Term deposits with banks
9,919
9,097
Financial assets, available-for-sale
11,234
-
Accounts receivables, net
838
849
Receivables from sales representatives
4,962
8,802
Inventories
111
176
Prepaid expenses and other current assets
14,129
16,268
129,942
105,548
Non-current assets
Property and equipment
71,604
59,064
Investment properties
47,955
69,726
Intangible assets
16,907
26,309
Financial assets, available-for-sale
257
-
Long term investment
-
100
Deferred income tax assets
2,669
389
Other non-current assets
2,118
951
141,510
156,539
Total assets
$
271,452
$
262,087
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable
$
5,681
$
7,383
Deferred income and customer prepayments
77,450
75,265
Accrued liabilities
14,917
15,183
Income tax liabilities
934
2,990
98,982
100,821
Non-current liabilities
Accounts payable
-
289
Deferred income and customer prepayments
4,040
2,917
Deferred income tax liabilities
2,453
4,493
6,493
7,699
Total liabilities
$
105,475
$
108,520
Equity attributable to Company’s shareholders
Common shares
536
533
Treasury shares
(250,089)
(250,089)
Other reserves
153,181
157,562
Retained earnings
258,293
239,812
Total Company shareholders’ equity
161,921
147,818
Non-controlling interests
4,056
5,749
Total equity
$
165,977
$
153,567
Total liabilities and equity
$
271,452
$
262,087
GLOBAL SOURCES LTD. AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
(In U.S. Dollars Thousands, Except Number of Shares and Per Share Data)
Six months ended December 31,
Year ended December 31,
2016
2015
2016
2015
(Unaudited)
(Unaudited)
(Unaudited)
Revenue:
Exhibitions
$
44,968
$
45,683
$
92,381
$
91,854
Online and other media services (Note 1)
27,646
34,512
58,340
70,242
Miscellaneous
3,235
4,914
6,946
8,929
75,849
85,109
157,667
171,025
Operating Expenses:
Sales (Note 2)
21,858
25,538
44,767
50,231
Event production
12,018
12,309
25,084
24,533
Community and content (Note 2)
8,152
10,332
17,163
20,535
General and administrative (Note 2 & 3)
20,685
22,945
43,019
43,697
Information and technology (Note 2)
5,541
6,896
11,315
13,348
Total Operating Expenses
68,254
78,020
141,348
152,344
Profit on sale of property
-
9,791
-
9,791
Profit from Operations
7,595
16,880
16,319
28,472
Interest income
265
226
558
792
Gain on sale of available-for-sale securities
26
52
93
188
Profit on sale of long term investment
-
-
43
-
Interest expenses
(7)
(24)
(23)
(83)
Profit before Income Taxes
7,879
17,134
16,990
29,369
Income tax credit / (expense)
752
(2,421)
1,328
(4,609)
Net Profit from continuing operations
$
8,631
$
14,713
$
18,318
$
24,760
Net Profit from discontinued operations, net of
income tax (Note 4)
-
223
-
5,629
Net profit
$
8,631
$
14,936
$
18,318
$
30,389
Net (profit)/loss attributable to non-controlling interests from:
Continuing operations
913
457
51
(765)
Discontinued operations
-
-
-
264
Total
913
457
51
(501)
Net profit attributable to the Company’s shareholders from:
Continuing operations
$
9,544
$
15,170
$
18,369
$
23,995
Discontinued operations
-
223
-
5,893
Total
$
9,544
$
15,393
$
18,369
$
29,888
Diluted net profit per share attributable to the Company’s shareholders from:
Continuing operations
$
0.38
$
0.58
$
0.73
$
0.83
Discontinued operations
-
0.01
-
0.20
Total
$
0.38
$
0.59
$
0.73
$
1.03
Shares used in diluted net profit per share calculations
25,397,702
26,249,657
25,305,261
28,820,976
Note: 1. Online and other media services consists of:
Six months ended December 31,
Year ended December 31,
2016
2015
2016
2015
(Unaudited)
(Unaudited)
(Unaudited)
Online services
$
25,064
$
31,220
$
52,750
$
64,421
Print services
2,582
3,292
5,590
5,821
$
27,646
$
34,512
$
58,340
$
70,242
Note: 2. Non-cash compensation expenses associated with the several equity compensation plans and Global Sources Directors Share Grant Award Plan included under various categories of expenses are as follows:
