13:40     J.I.C. TECH<00987> - Results Announcement (4)                       

    The following is an analysis of the carrying amount of segment assets and 
    additions to property, plant and equipment, analysed by the geographical  
    area in which the assets are located:                                     
                                                                              
                    Carrying amount         Additions to property,            
                    of segment assets       plant and equipment               
                    2004    2003            2004    2003                      
                    HK$'000 HK$'000         HK$'000 HK$'000                   
                                                                              
    Hong Kong       89,078  107,067         56      57                        
    The PRC         181,113 125,067         56,468  3,604                     
    Macao           116     -               -       -                         
                    --------------------------------------                    
                    270,307 232,134         56,524  3,661                     
                    =====================================                     
                                                                              
                                                                              
                                                                              
    6. INCOME FROM OPERATIONS                                                 
                                                                              
                                                            2004    2003      
                                                            HK$'000 HK$'000   
    Income from operations has been arrived at after                          
      charging (crediting):                                                   
    Staff costs, including directors' remunerations         47,205  43,417    
    Retirement benefit scheme contributions                 3,127   1,979     
                                                            ------  -------   
    Total staff costs                                       50,332  45,396    
    Less: Staff costs included in research and                                
            development expenditure                         (2,163) (1,699)   
                                                            ------- --------  
                                                            48,169  43,697    
                                                            ------- --------  
    Allowance for inventories (written back), net           136     (2,053)   
    Auditors' remuneration                                  673     585       
    Depreciation of property, plant and equipment           18,448  19,776    
    Loss on disposal of property, plant and equipment       25      15        
    Net foreign exchange losses                             136     888       
    Operating lease rentals in respect of rented premises   5,989   4,128     
    (Recovery of) allowance for doubtful debts, net         (484)   708       
                                                            ======= ========  
                                                                              
    7. INCOME ON DISPOSAL OF DISCONTINUED OPERATIONS                          
                                                                              
    In June 2003, the Company entered into a sale agreement to dispose of its 
    Transformers business.  The disposal was effected in order for the Company
    to dedicate more resources and focus on its LCD business.  The disposal   
    was completed on 28 June 2003 when the control of the Transformers        
    business passed to the acquirer.                                          
                                                                              
    The details of the results of the Transformers business for the period    
    from 1st January, 2003 to 28th June, 2003, which have been included in the
    consolidated financial statements, are as follows:                        
                                                                              
                                    HK$'000                                   
    Turnover                        51,943                                    
    Other operating income          504                                       
    Operating costs                 (52,172)                                  
                                    ---------                                 
    Income before taxation          275                                       
    Taxation                        (42)                                      
                                    ---------                                 
    Income for the year             233                                       
                                    =========                                 
                                                                              
    For the year ended 31st December, 2003, the Transformers business         
    contributed HK$0.9 million to the Group's net operating cash flows, paid  
    HK$0.8 million in respect of investing activities and paid HK$0.1 million 
    in respect of financing activities.                                       
                                                                              
    A profit of approximately HK$17,620,000 arose on the disposal of the      
    Transformers business, being the proceeds of disposal less the carrying   
    amount of the net assets of the Transformers business.