Statement of Stockholders' Equity
(Information as of and for the quarters ended June 30, 2000 and June 30, 1999 is unaudited)
(Expressed in United States dollars except share data)
| Common Stock | Additional Paid-in Capital | Comprehensive Income | Accumulated Other Comprehensive Income | Deferred Stock Compensation | Loan to Trust | Retained Earnings | Total Stockholders’ Equity | ||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | ||||||||
| Balance as of March 31, 1998 | 64,068,800 | 4,545,811 | 24,415,920 | (7,042,229) | (7,831,445) | (936,365) | 27,994,268 | 41,145,960 | |
| Stock split | - | 3,800,949 | - | - | - | - | (3,800,949) | - | |
| Cash dividends | - | - | - | - | - | - | (3,152,863) | (3,152,863) | |
| Common stock issued | 2,070,000 | 245,377 | 70,134,623 | - | - | - | - | 13,310,879 | |
| ADR issue expenses | (4,108,924) | (4,108,924) | |||||||
| Compensation related to stock option grants | - | - | 30,407,892 | - | (30,407,892) | - | - | - | |
| Amortization of compensation related to stock option grants | - | - | - | - | 16,552,538 | - | - | 16,552,538 | |
| Comprehensive income | |||||||||
| Net income available for common stockholders | - | - | - | 17,446,088 | - | - | - | 17,446,088 | 17,446,088 |
| Other comprehensive income | |||||||||
| Translation adjustment | - | - | - | (2,058,433) | (2,058,433) | - | - | - | (2,058,433) |
| Comprehensive income | - | - | - | 15,387,655 | - | - | - | - | - |
| Adjustment on deconsolidation of subsidiary | - | - | - | - | - | - | 2,468,831 | 2,468,831 | |
| Repayment of loan to trust | - | - | - | - | - | 936,365 | - | 936,365 | |
| Balance as of March 31, 1999 | 66,138,800 | 8,592,137 | 120,849,511 | (9,100,662) | (21,686,799) | - | 40,955,375 | 139,609,562 | |
| ADR issue expenses | - | - | (471,498) | - | - | - | - | (471,498) | |
| Compensation related to stock option grants | - | - | 1,029,649 | - | (1,029,649) | - | - | - | |
| Amortization of compensation related to stock option grants | - | - | - | - | 1,250,100 | - | - | 1,250,100 | |
| Comprehensive income | |||||||||
| Net income available for common stockholders | - | - | - | 13,310,879 | - | - | - | 13,310,879 | 13,310,879 |
| Other comprehensive income | - | (471,498) | |||||||
| Translation adjustment | - | - | - | (3,952,172) | (3,952,172) | - | - | - | (3,952,172) |
| Comprehensive income | - | - | - | 9,358,707 | - | - | - | - | (471,498) |
| Balance as of June 30, 1999 | 66,138,800 | 8,592,137 | 121,407,662 | (13,052,834) | (21,466,348) | - | 54,266,254 | 54,266,254 | |
