Global Sources LTD /bermuda 6-K Global Sources - Form 6-K

EXHIBIT 4

GLOBAL SOURCES LTD. AND SUBSIDIARIES
ACTUAL GAAP TO IFRS RECONCILIATION
(In U.S. Dollars Thousands)

	Three months ended December 31,					Year ended December 31,
	2010		2009			2010		2009
U.S. GAAP Net Income Attributable to the Company	$	9,450	$	8,636		$	21,571	$	16,110
IFRS conversion adjustments:
Revenue		580		(163	)		2,427		(1,606	)
Exhibition promotion costs		642		848			-		-
Non-cash stock based compensation expense		634		86			1,253		123
Foreign exchange loss		-		(279	)		-		(333	)
IFRS Net Profit attributable to the Company’s shareholders	$	11,306	$	9,128		$	25,251	$	14,294