COMPUTER AND TECHNOLOGIES HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 00046)

Size: px
Start display at page:

Download "COMPUTER AND TECHNOLOGIES HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 00046)"

Transcription

1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. COMPUTER AND TECHNOLOGIES HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 00046) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015 The Board of Directors (the Board ) of Computer And Technologies Holdings Limited (the Company ) presents the unaudited condensed consolidated interim financial results of the Company and its subsidiaries (collectively, the Group ) for the six months ended 30 June 2015, together with the comparative amounts. These condensed consolidated interim financial results have been reviewed by the Company s audit committee. CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the six months ended 30 June (Unaudited) (Unaudited) Notes HK$ 000 HK$ 000 REVENUE 5 106, ,853 Cost of sales and services (48,912) (47,725) Gross profit 57,850 56,128 Other income and gains, net 5 5,569 5,308 Foreign exchange differences, net (8) (5,355) Fair value gains/(losses), net: Financial assets at fair value through profit or loss 518 (488) Investment properties 2,200 7,112 Selling and distribution expenses (13,574) (13,333) General and administrative expenses (26,033) (24,482) PROFIT BEFORE TAX 6 26,522 24,890 1

2 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (continued) For the six months ended 30 June (Unaudited) (Unaudited) Notes HK$ 000 HK$ 000 PROFIT BEFORE TAX 6 26,522 24,890 Income tax expense 7 (3,255) (2,339 ) PROFIT FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT 23,267 22,551 EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT 9 HK cents HK cents Basic Diluted Details of the dividends proposed for the period are disclosed in note 8 to the announcement. 2

3 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six months ended 30 June (Unaudited) (Unaudited) HK$ 000 HK$ 000 PROFIT FOR THE PERIOD 23,267 22,551 OTHER COMPREHENSIVE INCOME Other comprehensive income to be reclassified to profit or loss in subsequent periods: Available-for-sale investments: Changes in fair value Reclassification adjustments for gains included in the condensed consolidated statement of profit or loss - gain on disposal (107) - (91) 197 Exchange differences on translation of foreign operations 5 (1,221) Net other comprehensive loss to be reclassified to profit or loss in subsequent periods (86) (1,024) Other comprehensive income not to be reclassified to profit or loss in subsequent periods: Gain on property revaluation 2,630 - Income tax effect (658) - Net other comprehensive income not to be reclassified to profit or loss in subsequent periods 1,972 - OTHER COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD 1,886 (1,024) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT 25,153 21,527 3

4 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 June 31 December (Unaudited) (Audited) Notes HK$ 000 HK$ 000 NON-CURRENT ASSETS Property, plant and equipment 10 7,311 10,742 Investment properties 11 65,665 58,265 Goodwill 12 44,575 29,211 Other intangible assets 13 6,791 - Available-for-sale investments 14 1,900 6,705 Financial assets at fair value through profit or loss 16 4,085 1,573 Total non-current assets 130, ,496 CURRENT ASSETS Inventories Trade and bills receivables 15 49,220 34,142 Prepayments, deposits and other receivables 6,975 5,429 Due from contract customers 3,738 3,870 Available-for-sale investments 14 5,031 5,075 Financial assets at fair value through profit or loss 16 9,838 9,299 Tax recoverable 11,036 8,030 Pledged bank deposits 12,755 6,943 Cash and cash equivalents 325, ,644 Total current assets 424, ,144 CURRENT LIABILITIES Trade payables, other payables and accruals 17 (59,033) (57,811) Due to contract customers (10,875) (7,407) Deferred revenue (40,210) (22,069) Tax payable (15,363) (11,320) Total current liabilities (125,481) (98,607) NET CURRENT ASSETS 299, ,537 TOTAL ASSETS LESS CURRENT LIABILITES 429, ,033 NON-CURRENT LIABILITIES Deferred tax liabilities 18 (2,994) (1,216) Net assets 426, ,817 4

5 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued) 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 EQUITY Equity attributable to owners of the parent Issued capital 24,419 24,419 Share premium account 38,493 38,493 Shares held under the restricted share award scheme (3,297) (3,731) Other reserves 367, ,928 Proposed final and special dividends - 21,708 Total equity 426, ,817 5

6 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Shares held under the restricted share award Sharebased payment Attributable to owners of the parent Other reserves Availablefor-sale investment revaluation Proposed final and special Issued capital Share premium account Contributed surplus scheme reserve Goodwill reserve Property revaluation reserve reserve Reserve funds Exchange fluctuation reserve Retained profits dividends Total equity HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 At 1 January ,419 38,493 29,619 (4,735) 2,367 (7,227) , ,365 21, ,418 Profit for the period 22,551 22,551 Other comprehensive income for the period: Changes in fair value of available-for-sale investments Exchange differences on translation of foreign operations (1,221) (1,221) Total comprehensive income for the period 197 (1,221) 22,551 21,527 Vesting of shares held under the restricted share award scheme 640 (640) Share award arrangements Final and special 2013 dividends declared (26) (21,641) (21,667) At 30 June ,419 38,493 29,593 (4,095 ) 2,271 (7,227 ) , , ,822 Shares held under the restricted share award Sharebased payment Attributable to owners of the parent Other reserves Availablefor-sale investment revaluation Issued capital Share premium account Contributed surplus scheme reserve Goodwill reserve Property revaluation reserve reserve Reserve funds Exchange fluctuation reserve Retained profits dividends Total equity HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 At 1 January ,419 38,493 (3,731) 2,428 (7,227) , ,172 21, ,817 Profit for the period 23,267 23,267 Other comprehensive income for the period: Changes in fair value of available-for-sale investments (91) (91) Exchange differences on translation of foreign operations 5 5 Fair value gain on revaluation of a building upon transfer to investment property 1,972 1,972 Total comprehensive income for the period 1,972 (91) 5 23,267 25,153 Vesting of shares held under the restricted share award scheme 434 (434) Share award arrangements Final and special 2014 dividends declared (20) (21,708) (21,728) At 30 June ,419 38,493 (3,297 ) 2,376 (7,227 ) 1, , , ,624 Proposed final and special 6

7 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For the six months ended 30 June (Unaudited) (Unaudited) Notes HK$ 000 HK$ 000 CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax: 26,522 24,890 Adjustments for: Bank interest income 5 (4,972) (5,396) Dividend income from listed investments 5 (309) (296) Gain on disposal of items of property, plant and equipment 5 (128) (1) Loss on disposal of financial assets at fair value through profit or loss Fair value losses/(gains), net: Available-for-sale investments (transfer from equity on disposal) 5 (107) - Financial assets at fair value through profit or loss (518) 488 Investment properties (2,200) (7,112) Depreciation 6 1, Impairment of trade receivables Reversal of impairment of trade receivables 6 (233) (196) Amortisation of other intangible assets Equity-settled share-based payment expenses ,298 14,435 Decrease in inventories 347 5,414 Increase in trade and bills receivables (12,715) (22,855) Decrease/(increase) in amounts due from contract customers 132 (117) Increase in prepayments, deposits and other receivables (1,151) (2,705) Decrease in trade payables, other payables and accruals (9,719) (6,197) Increase/(decrease) in amounts due to contract customers 3,468 (57) Increase in deferred revenue 14,415 14,305 Cash generated from operations 15,075 2,223 Hong Kong profits tax paid (2,353) (2,260) Overseas taxes paid (111) (33) Net cash flows from/(used in) operating activities 12,611 (70) 7

8 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (continued) For the six months ended 30 June (Unaudited) (Unaudited) Notes HK$ 000 HK$ 000 Net cash flows from/(used in) operating activities 12,611 (70) CASH FLOWS FROM INVESTING ACTIVITIES Bank interest received 4,972 5,396 Dividends received from listed investments Purchases of items of property, plant and equipment (591) (5,556) Purchases of listed investments (2,533) (3,000) Acquisition of subsidiaries 19 (9,252) - Proceeds from disposal of items of property, plant and equipment Proceeds from disposal of financial assets at fair value through profit or loss - 3,018 Proceeds from disposal of available-for-sale investments 4,865 22,041 Decrease in pledged bank deposits 1, (Increase)/decrease in non-pledged bank deposits with original maturity of more than three months when acquired (8,219) 15,609 Net cash flows from/(used in) investing activities (8,815) 37,857 CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid (21,728) (21,667) Net cash flows used in financing activities (21,728) (21,667) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (17,932) 16,120 Cash and cash equivalents at beginning of period 291, ,962 Effect of foreign exchange rate changes, net 5 (1,277) CASH AND CASH EQUIVALENTS AT END OF PERIOD 273, ,805 ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS Cash and cash equivalents as stated in the condensed consolidated statement of financial position 325, ,214 Pledged deposits for banking facilities granted by a bank with original maturity of less than three months when acquired 9,144 8,872 Non-pledged time deposits with original maturity of more than three months when acquired (60,994) (36,281) Cash and cash equivalents as stated in the condensed consolidated statement of cash flows 273, ,805 8

9 NOTES TO FINANCIAL STATEMENTS: 1. CORPORATE INFORMATION Computer And Technologies Holdings Limited is a limited liability company incorporated in Bermuda. The registered office of the Company is located at Clarendon House, 2 Church Street, Hamilton HM11, Bermuda. The principal place of business of the Company is located at Level 10, Cyberport 2, 100 Cyberport Road, Hong Kong. During the period, the Group was involved in the following principal activities: provision of enterprise applications software and related services, business process outsourcing, e-business, and related maintenance services; provision of system and network integration, information technology ( IT ) solutions development and implementation, and related maintenance services; and property and treasury investments. 2. BASIS OF PREPARATION This unaudited condensed consolidated interim financial information of the Group for the six months ended 30 June 2015 has been prepared in accordance with the applicable provisions of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and Hong Kong Accounting Standards ( HKAS ) 34 Interim Financial Reporting issued by the Hong Kong Institute of Certified Public Accountants ( HKICPA ). The unaudited condensed consolidated interim financial information does not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group s annual financial statements for the year ended 31 December SIGNIFICANT ACCOUNTING POLICIES The accounting policies adopted in the preparation of the unaudited interim condensed consolidated financial information are consistent with those followed in the preparation of the Group s annual financial statements for the year ended 31 December 2014, except for the adoption of the following new and revised Hong Kong Financial Reporting Standards ( HKFRSs ) (which also included HKASs and Interpretations) that affect the Group and are adopted for the first time for the current period s financial statements. 3.2 CHANGE IN ACCOUNTING POLICIES AND DISCLOSURES The Group has adopted the following revised standards and new interpretation for the first time for the current period s financial statements. Amendments to HKAS 19 Annual Improvements Cycle Annual Improvements Cycle Defined Benefit Plans: Employee Contributions Amendments to a number of HKFRSs Amendments to a number of HKFRSs The adoption of the above revised standards and interpretation has had no significant financial effect on these financial statements. In addition, the Company has adopted the amendments to the Listing Rules issued by the Hong Kong Stock Exchange relating to the disclosure of financial information with reference to the Hong Kong Companies Ordinance (Cap. 622) during the current financial period. The main impact to the financial statements is on the presentation and disclosure of certain information in the financial statements. 9

10 4. OPERATING SEGMENT INFORMATION For management purposes, the Group is organised into business units based on their products and services and has three reportable operating segments as follows: (a) the application services segment that primarily engages in the provision of enterprise applications software and related operation outsourcing, business process outsourcing and e-business, and related maintenance services; (b) the integration and solutions services segment that primarily engages in the sales of computer networks and system platforms, and the provision of system and network integration, IT solutions development and implementation, and related maintenance services; and (c) the investments segment that primarily engages in various types of investing activities including, inter alia, property investment for rental income and/or for capital appreciation and treasury investment in securities for dividend income and interest income and/or for capital appreciation. Management monitors the results of the Group s operating segments separately for the purpose of making decisions about resources allocation and performance assessment. Segment performance is evaluated based on reportable segment profit, which is a measure of adjusted profit before tax. The adjusted profit before tax is measured consistently with the Group s profit before tax except that unallocated interest income, unallocated other income and gains, net, unallocated foreign exchange differences, net, corporate and other unallocated depreciation, corporate and other unallocated expenses are excluded from such measurement. Segment assets exclude tax recoverable, pledged bank deposits, cash and cash equivalents, and other unallocated head office and corporate assets as these assets are managed on a group basis. Segment liabilities exclude tax payable, deferred tax liabilities and other unallocated head office and corporate liabilities as these liabilities are managed on a group basis. There were no material intersegment sales and transfers during the current and prior period. 10

11 4. OPERATING SEGMENT INFORMATION (continued) (a) Operating segments Group Application Services Integration and Solutions Services Investments Total (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 Segment revenue: Sales to external customers 46,804 46,962 58,446 54,431 1,512 2, ,762* 103,853* Other income and gains, net (311) 597^ (283)^ Total 46,856 46,990 58,576 54,431 1,927 2, , ,570 Segment results 18,375 19,147 11,906 9,685 4,523 8,867 34,804 37,699 Reconciliation: Unallocated interest income 4,972^ 5,396^ Unallocated other income and gains, net -^ 195^ Unallocated foreign exchange differences, net (8) (5,355) Corporate and other unallocated depreciation (918) (120) Corporate and other unallocated expenses (12,328) (12,925) Profit before tax 26,522 24,890 Application Services Integration and Solutions Services Investments Total 30 June December June December June December June December 2014 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 Segment assets 66,639 42,973 43,151 28,643 87,515 84, , ,142 Reconciliation: Corporate and other unallocated assets 357, ,498 Total assets 555, ,640 Segment liabilities 58,191 42,855 48,072 37, ,122 81,128 Reconciliation: Corporate and other unallocated liabilities 21,353 18,695 Total liabilities 128,475 99,823 * This represents the consolidated revenue of HK$106,762,000 (2014: HK$103,853,000) in the condensed consolidated statement of profit or loss. ^ These comprise the consolidated other income and gains, net, of HK$5,569,000 (2014: HK$5,308,000). 11

12 4. OPERATING SEGMENT INFORMATION (continued) (a) Operating segments (continued) Group Application Services Integration and Solutions Services Investments Total (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 Other segment information: Net fair value gains on investment properties 2,200 7,112 2,200 7,112 Net fair value gain/(losses) on financial assets at fair value through profit or loss 518 (488) 518 (488) Amortisation of other intangible assets Depreciation Corporate and other unallocated depreciation , Impairment losses recognised/(reversed) in the condensed consolidated statement of profit or loss, net * (184) 33 (44) 103 Capital expenditure ** Corporate and other unallocated capital expenditure ** 194 6, ,756 * Including impairment losses recognised in the condensed consolidated statement of profit or loss attributable to the application services segment and the integration and solutions services segment of HK$189,000 (2014: HK$91,000) and nil (2014: HK$208,000), respectively, and impairment losses reversed in the condensed consolidated statement of profit or loss attributable to the application services segment and the integration and solutions services segment of HK$49,000 (2014: HK$21,000) and HK$184,000 (2014: HK$175,000), respectively. ** Capital expenditure consists of additions to property, plant and equipment and including property, plant and equipment from the acquisition of subsidiaries. 12

13 4. OPERATING SEGMENT INFORMATION (continued) (b) Geographical information Group (i) Revenue from external customers Hong Kong Mainland China Total (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 HK$ 000 Segment revenue: Sales to external customers 101,034 88,382 5,728 15, , ,853 The revenue information is based on the locations of the customers. (ii) Non-current assets 30 June 2015 (Unaudited) HK$ December 2014 (Audited) HK$ 000 Hong Kong 114,981 88,729 Mainland China 9,361 9, ,342 98,218 The non-current asset information is based on the locations of assets and excludes financial instruments. (c) Information about major customers Revenues from external customers individually amounting to 10% or more of the Group s total revenue: For the period ended 30 June 2015, revenues from two major customers of HK$26,519,000 and HK$17,868,000 were derived from the integration and solutions services segment. For the period ended 30 June 2014, revenue from a major customer of HK$29,881,000 was derived from the integration and solutions services segment. 13

14 5. REVENUE, OTHER INCOME AND GAINS, NET Revenue, which is also the Group s turnover, represents the aggregate of the invoiced value of goods sold, net of trade discounts, returns and business tax, where applicable; fees earned from the provision of enterprise applications software, related operation outsourcing, business process outsourcing, e-business, system and network integration, IT solutions development and implementation and related services; fees earned from the provision of maintenance services; gross rental income earned from investment properties; and interest income earned from treasury investments during the period. An analysis of revenue, other income and gains, net is as follows: For the six months ended 30 June (Unaudited) (Unaudited) HK$ 000 HK$ 000 Revenue Provision of enterprise applications software and related operation outsourcing, business process outsourcing and e-business, and related maintenance services 46,804 46,962 Sales of computer networks and system platforms, and the provision of system and network integration, IT solutions development and implementation, and related maintenance services 58,446 54,431 Gross rental income from investment properties and interest income from treasury investments 1,512 2, , ,853 Other income and gains, net Bank interest income 4,972 5,396 Dividend income from listed investments Fair value gain, net: Available-for-sale investments (transfer from equity on disposal) Loss on disposal of financial assets at fair value through profit or loss - (607) Gain on disposal of items of property, plant and equipment Others ,569 5, PROFIT BEFORE TAX The Group s profit before tax is arrived at after charging/(crediting): For the six months ended 30 June (Unaudited) (Unaudited) HK$ 000 HK$ 000 Depreciation 1, Amortisation of other intangible assets Equity-settled share-based payment expense Impairment of trade receivables Reversal of impairment of trade receivables (233) (196) Foreign exchange differences, net 8 5,355 14

15 7. INCOME TAX Hong Kong profits tax has been provided at the rate of 16.5% (six months ended 30 June 2014: 16.5%) on the estimated assessable profits arising in Hong Kong during the period. Taxes on profits assessable elsewhere have been calculated at the rates of tax prevailing in the countries/jurisdictions in which the Group operates. For the six months ended 30 June (Unaudited) (Unaudited) Group: HK$ 000 HK$ 000 Current Hong Kong Charge for the period 3,314 2,084 Current Elsewhere Charge for the period Deferred (note 18) (62) 28 Total tax charge for the period 3,255 2,339 During the prior period, the Hong Kong Inland Revenue Department (the IRD ) has issued a protective assessment ( first protective assessment ) to a subsidiary of the Company demanding tax of approximately HK$2,260,000 for the year of assessment 2007/08. An enquiry letter was issued to that subsidiary on the same day regarding, inter alia, the nature and the deductibility of certain expenditure/expenses. The subsidiary has objected to the first protective assessment and a written notice of objection has been filed to the IRD, at the same time, the subsidiary has purchased a tax reserve certificate at the request of the IRD. On 12 March 2015, the IRD has further issued a protective assessment ( second protective assessment ) to that subsidiary of the Company demanding tax of approximately HK$2,354,000 for the year of assessment 2008/09. A further enquiry letter was also issued to that subsidiary to request for additional information and documents regarding the nature and the deductibility of those abovementioned expenditure/expenses. The subsidiary has also objected to the second protective assessment and a written notice of objection has been filed to the IRD in March The subsidiary has purchased a tax reserve certificate at the request of the IRD and is in the process of gathering the additional information and documents requested in support of the deduction claim. In the opinion of the directors of the Company, it is not practicable at this early stage to estimate reliably the outcome of the deduction claim and therefore, the financial effect (including the amount or timing thereof, if any) of the foregoing enquiry. However, the directors believe that except for certain insignificant tax adjustments, the effect of which has been reflected in the prior year s profit or loss of the Group, and subject to availability of the required evidence, the subsidiary has valid grounds to support the deductibility of those expenditure/expenses. Accordingly, no further provision for Hong Kong profits tax is considered necessary at this stage. 15

16 8. DIVIDENDS a. Subsequent to the end of the interim period, the Board has determined that an interim dividend of 7 HK cents (2014: 7 HK cents) in cash per ordinary share should be paid to the shareholders of the Company whose names appear in the Register of Members on Monday, 7 September b. Dividends attributable to the previous financial year, approved and paid during the interim period. For the six months ended 30 June (Unaudited) (Unaudited) HK$ 000 HK$ 000 Final and special dividends in respect of the previous financial year, approved and paid during the interim period of HK$0.09 (2014: HK$0.09) per ordinary share 21,978 22,003 Less: Dividend for shares held under the Company s restricted share award scheme (250) (336) 21,728 21, EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT The calculation of basic earnings per share amounts is based on the profit for the period attributable to ordinary equity holders of the parent, and the weighted average number of ordinary shares of 241,275,535 (2014: 240,555,491) in issue during the period, as adjusted to exclude the shares held under the restricted share award scheme of the Company. The calculation of diluted earnings per share amounts is based on the profit for the period attributable to ordinary equity holders of the parent. The weighted average number of ordinary shares used in the calculation is the number of ordinary shares in issue during the period, as used in the basic earnings per share calculation, and the weighted average number of ordinary shares assumed to have been issued at no consideration on the deemed exercise or conversion of all dilutive potential ordinary shares granted under the share option scheme of the Company and the deemed vesting of all dilutive restricted shares of the Company awarded under the restricted share award scheme of the Company into ordinary shares. The calculations of basic and diluted earnings per share are based on: Earnings The calculations of basic and diluted earnings per share are based on profit attributable to ordinary equity holders of the parent. Number of shares (Unaudited) (Unaudited) Shares Weighted average number of ordinary shares in issue during the period used in the basic earnings per share calculation 241,275, ,555,491 Effect of dilution weighted average number of ordinary shares: Restricted shares awarded under the Company s restricted share award scheme 1,121,697 1,292, ,397, ,848,279 16

17 10. PROPERTY, PLANT AND EQUIPMENT Group 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 Net book value, as at 1 January 10,742 5,244 Additions 591 7,512 Disposals (net book value) (196) (27) Transfer to investment properties (2,570) Acquisition of subsidiaries (note 19) 43 Depreciation provided during the period (1,299) (1,963) Exchange realignment - (24) Net book value, as at 30 June / 31 December 7,311 10, INVESTMENT PROPERTIES Group 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 Carrying amount at 1 January 58,265 50,140 Net gain from a fair value adjustment 2,200 8,125 Transfer from owner-occupied property 5,200 - Carrying amount, as at 30 June / 31 December 65,665 58, GOODWILL Group At 31 December 2014 HK$ 000 Cost and carrying amount at 1 January 2014 and 31 December ,211 At 30 June 2015 Cost and carrying amount at 1 January ,211 Acquisition of subsidiaries (note 19) 15,364 Carrying amount at 30 June ,575 17

18 13. OTHER INTANGIBLE ASSETS Group At 31 December 2014 Deferred Customer development relationships costs Total HK$ 000 HK$ 000 HK$ 000 Cost and carrying amount at 1 January 2014 and 31 December At 30 June 2015 Deferred Customer development relationships costs Total HK$ 000 HK$ 000 HK$ 000 Cost and carrying amount at 1 January Acquisition of subsidiaries (note 19) 7,164-7,164 Amortisation during the period (373) - (373) Net carrying amount 6,791-6, AVAILABLE-FOR-SALE INVESTMENTS Group 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 Debt investments, at fair value 5,031 9,880 Club membership debenture, at fair value 1,900 1,900 6,931 11,780 Portion classified as current assets (5,031) (5,075) Portion classified as non-current assets 1,900 6,705 During the period, the net loss in respect of the Group s available-for-sale investments recognised in other comprehensive income amounted to HK$91,000 (2014: net gain of HK$197,000). 18

19 15. TRADE AND BILLS RECEIVABLES An aged analysis of the trade and bills receivables as at the end of the reporting period, based on the invoice date and net of provisions, is as follows: Group 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 Within 1 month 43,764 20,856 1 to 3 months 2,947 9,572 4 to 6 months 1,738 3,698 More than 6 months ,220 34,142 For system integration projects and the provision of maintenance services and software development services, the Group s trading terms with its customers vary from contract to contract or depending on the specific arrangements with individual customers, and may include cash on delivery, advance payment and on credit. For those customers who trade on credit, the overall credit period is generally within 120 days, except for certain projects with longer implementation schedules where the period may extend beyond 120 days, or may be extended for major or specific customers. The Group seeks to maintain strict control over its outstanding trade receivables and overdue balances are reviewed regularly by senior management. The Group does not hold any collateral or other credit enhancements over these balances. Trade and bills receivables are non-interest-bearing. 16. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS Group 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 Debt investments, at market value 4,085 1,573 Listed equity investments in Hong Kong, at market value 9,838 9,299 13,923 10,872 Portion classified as current assets (9,838) (9,299) Portion classified as non-current assets 4,085 1,573 The debt investments were designated upon initial recognition as financial assets at fair value through profit or loss as they are managed and their performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the investments is provided internally on that basis to the Group s key management personnel. Debt investment classified as a current asset at 30 June 2015 and 31 December 2014 was a debt with maturity date falls within one year from the end of the reporting period. The listed equity investments were all included under current assets at 30 June 2015 and 31 December 2014 and were classified as held for trading. 19

20 17. TRADE PAYABLES, OTHER PAYABLES AND ACCRUALS Group 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 Trade payables 17,008 21,276 Other payables 23,231 23,376 Accruals 9,616 13,159 Consideration payable on acquisition of subsidiaries (note 19) 9,178-59,033 57,811 An aged analysis of the trade payables as at the end of the reporting period, based on the invoice date, is as follows: Group 30 June 31 December (Unaudited) (Audited) HK$ 000 HK$ 000 Within 1 months 15,070 18,480 1 to 3 months 411 2,035 4 to 6 months Over 6 months ,008 21,276 The trade payables are non-interest-bearing and are normally settled on 30-day terms. 18. DEFERRED TAX The movements in deferred tax liabilities during the period are as follows: Deferred tax liabilities Group 2015 Fair value adjustments arising from Revaluation acquisition of Withholding of properties subsidiaries taxes Total HK$ 000 HK$ 000 HK$ 000 HK$ 000 At 1 January ,216 Acquisition from subsidiaries (note 19) Deferred tax charged to equity Deferred tax credited to the condensed consolidated statement of profit or loss during the period (note 7) ,182 - (62) , (62) At 30 June ,378 1, ,994 20

ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2014

ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2014 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 00294)

長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 00294) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2015

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2015 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

WONDERFUL SKY FINANCIAL GROUP HOLDINGS LIMITED

WONDERFUL SKY FINANCIAL GROUP HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 Unaudited Unaudited Note Turnover 2 5,576 5,803 Other net losses (1) (39) 5,575 5,764 Direct costs and operating expenses (1,910)

More information

2015/2016 2015/2016 INTERIM REPORT. RM Group Holdings Limited. RM Group Holdings Limited. (incorporated in the Cayman Islands with limited liability)

2015/2016 2015/2016 INTERIM REPORT. RM Group Holdings Limited. RM Group Holdings Limited. (incorporated in the Cayman Islands with limited liability) 御藥堂集團控股有限公司 御藥堂集團控股有限公司 (incorporated in the Cayman Islands with limited liability) (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 8185

More information

Wan Kei Group Holdings Limited

Wan Kei Group Holdings Limited Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

BEP INTERNATIONAL HOLDINGS LIMITED 百 靈 達 國 際 控 股 有 限 公 司

BEP INTERNATIONAL HOLDINGS LIMITED 百 靈 達 國 際 控 股 有 限 公 司 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

2015/2016 INTERIM RESULTS ANNOUNCEMENT

2015/2016 INTERIM RESULTS ANNOUNCEMENT (Incorporated in the Cayman Islands with limited liability) (Stock code: 8051) 2015/2016 INTERIM RESULTS ANNOUNCEMENT CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG

More information

ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015 INTERIM RESULTS

ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015 INTERIM RESULTS Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

PNG Resources Holdings Limited P N G (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (Stock Code: 221)

PNG Resources Holdings Limited P N G (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (Stock Code: 221) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

GR VIETNAM HOLDINGS LIMITED * (Incorporated in Bermuda with limited liability) (Stock Code: 139)

GR VIETNAM HOLDINGS LIMITED * (Incorporated in Bermuda with limited liability) (Stock Code: 139) GR VIETNAM HOLDINGS LIMITED * (Incorporated in Bermuda with limited liability) (Stock Code: 139) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 The Board of Directors (the Board

More information

The Hong Kong Building and Loan Agency Limited

The Hong Kong Building and Loan Agency Limited Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

QPL INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 243)

QPL INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 243) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

AUTOMATED SYSTEMS HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 771)

AUTOMATED SYSTEMS HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 771) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2016

ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2016 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

ANNOUNCEMENT OF ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2016

ANNOUNCEMENT OF ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2016 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

GROUP RESULTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2016

GROUP RESULTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2016 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

YGM TRADING LIMITED. (Incorporated in Hong Kong with limited liabilities) (Stock Code : 00375)

YGM TRADING LIMITED. (Incorporated in Hong Kong with limited liabilities) (Stock Code : 00375) YGM TRADING LIMITED (Incorporated in Hong Kong with limited liabilities) (Stock Code : 00375) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 The Board of Directors of YGM Trading

More information

QINGDAO HOLDINGS INTERNATIONAL LIMITED 青 島 控 股 國 際 有 限 公 司

QINGDAO HOLDINGS INTERNATIONAL LIMITED 青 島 控 股 國 際 有 限 公 司 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Rosan Resources Holdings Limited

Rosan Resources Holdings Limited Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015

THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015 THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE )

More information

CONSOLIDATED INCOME STATEMENT for the year ended 31st December

CONSOLIDATED INCOME STATEMENT for the year ended 31st December CONSOLIDATED INCOME STATEMENT for the year ended 31st December HK$ million Notes 2012 2011 Group turnover 5 4,105 3,493 Share of turnover of jointly controlled entities 5 1,644 1,532 5,749 5,025 Group

More information

CONTENTS Financial Highlights Management Discussion and Analysis Report on Review of Interim Condensed Consolidated Financial Statements

CONTENTS Financial Highlights Management Discussion and Analysis Report on Review of Interim Condensed Consolidated Financial Statements CONTENTS 2 3 15 17 18 19 21 22 24 41 54 55 Financial Highlights Management Discussion and Analysis Report on Review of Interim Condensed Consolidated Financial Statements Condensed Consolidated Statement

More information

ALLAN INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability)

ALLAN INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2010

ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2010 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

abc Multiactive Limited 辰 罡 科 技 有 限 公 司

abc Multiactive Limited 辰 罡 科 技 有 限 公 司 abc Multiactive Limited 辰 罡 科 技 有 限 公 司 * (Incorporated in Bermuda with limited liability) (Stock Code: 8131) THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 AUGUST 2015 CHARACTERISTICS

More information

GREAT WORLD COMPANY HOLDINGS LTD

GREAT WORLD COMPANY HOLDINGS LTD GREAT WORLD COMPANY HOLDINGS LTD (incorporated in the Cayman Islands with limited liability) (Stock code: 8003) 3RD QUARTERLY RESULTS ANNOUNCEMENT 2015/2016 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET

More information

GOLDBOND GROUP HOLDINGS LIMITED

GOLDBOND GROUP HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

萬 全 科 技 藥 業 有 限 公 司 * (Incorporated in the Cayman Islands with limited liability)

萬 全 科 技 藥 業 有 限 公 司 * (Incorporated in the Cayman Islands with limited liability) VENTUREPHARM LABORATORIES LIMITED 萬 全 科 技 藥 業 有 限 公 司 * (Incorporated in the Cayman Islands with limited liability) (Stock code: 8225) THIRD QUARTERLY REPORT 2012 FOR THE NINE MONTHS ENDED 30 SEPTEMBER

More information

WALKER GROUP HOLDINGS LIMITED *

WALKER GROUP HOLDINGS LIMITED * Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Sky Forever Supply Chain Management Group Limited

Sky Forever Supply Chain Management Group Limited Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the Stock Exchange ) take no responsibility for the contents of this announcement, make no representation as to its

More information

ZHI CHENG HOLDINGS LIMITED *

ZHI CHENG HOLDINGS LIMITED * ZHI CHENG HOLDINGS LIMITED * (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (Stock Code: 08130) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER

More information

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006 (Incorporated in Bermuda with limited liability) (Stock code: 626; Website: www.publicfinance.com.hk) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006 INTERIM RESULTS The Board of Directors of Public

More information

Significant Accounting Policies

Significant Accounting Policies Apart from the accounting policies presented within the corresponding notes to the financial statements, other significant accounting policies are set out below. These policies have been consistently applied

More information

CIL Holdings Limited *

CIL Holdings Limited * CIL Holdings Limited * (Incorporated in Bermuda with limited liability) (Stock code: 00479) ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 30 JUNE 2006 RESULTS The Board of Directors (the Board ) of

More information

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended 30 June 2008

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended 30 June 2008 CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended 30 June 2008 Unaudited Unaudited Note Turnover 2 12,273 13,856 Other net income 4 142 112 12,415 13,968 Direct costs and operating expenses

More information

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE )

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) Interim Report 2016 Creative Energy Solutions Holdings Limited CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) GEM has been positioned

More information

TACK FIORI INTERNATIONAL GROUP LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 928)

TACK FIORI INTERNATIONAL GROUP LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 928) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

SINO PROSPER (GROUP) HOLDINGS LIMITED

SINO PROSPER (GROUP) HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

KFM KINGDOM HOLDINGS LIMITED KFM

KFM KINGDOM HOLDINGS LIMITED KFM Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

巨 騰 國 際 控 股 有 限 公 司. JU TENG INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 3336)

巨 騰 國 際 控 股 有 限 公 司. JU TENG INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 3336) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1 GENERAL INFORMATION COSCO Pacific Limited (the Company ) and its subsidiaries (collectively the Group ) are principally engaged in the businesses of managing and operating container terminals, container

More information

INTERIM RESULTS 2006-2007

INTERIM RESULTS 2006-2007 (Stock Code: 0113) INTERIM RESULTS 2006-2007 * * * * Turnover for the six months ended 30th September, 2006 was HK$1.3 billion, an increase of 10.5 per cent. compared with last year. As a result of adopting

More information

Statement of Cash Flows

Statement of Cash Flows HKAS 7 Revised February November 2014 Hong Kong Accounting Standard 7 Statement of Cash Flows HKAS 7 COPYRIGHT Copyright 2014 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial

More information

ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2015 (Incorporated in the Cayman Islands with limited liability) (Stock code: 8312) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2015 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM

More information

Goldenmars Technology Holdings Limited 晶 芯 科 技 控 股 有 限 公 司

Goldenmars Technology Holdings Limited 晶 芯 科 技 控 股 有 限 公 司 Goldenmars Technology Holdings Limited 晶 芯 科 技 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 8036) THIRD QUARTERLY RESULTS ANNOUNCEMENT 2015 CHARACTERISTICS OF THE

More information

ICO GROUP LIMITED * (Incorporated in the Cayman Islands with limited liability) (Stock code: 8140)

ICO GROUP LIMITED * (Incorporated in the Cayman Islands with limited liability) (Stock code: 8140) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Transition to International Financial Reporting Standards

Transition to International Financial Reporting Standards Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps

More information

Goldenmars Technology Holdings Limited 晶 芯 科 技 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 8036)

Goldenmars Technology Holdings Limited 晶 芯 科 技 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 8036) Goldenmars Technology Holdings Limited 晶 芯 科 技 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 8036) Third Quarterly Report 2015 CHARACTERISTICS OF THE GROWTH ENTERPRISE

More information

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006 (Incorporated in Bermuda with limited liability) (Stock Code: 00340) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006 The Board of Directors (the Board ) of INNOMAXX Biotechnology

More information

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 The Board of Abbey plc reports a profit before taxation of 18.20m which compares with a profit of 22.57m for

More information

GRAND PEACE GROUP HOLDINGS LIMITED

GRAND PEACE GROUP HOLDINGS LIMITED GRAND PEACE GROUP HOLDINGS LIMITED * (Incorporated in Bermuda with limited liability) (Stock Code: 08108) ANNOUNCEMENT OF THIRD QUARTERLY RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2015 CHARACTERISTICS

More information

Acal plc. Accounting policies March 2006

Acal plc. Accounting policies March 2006 Acal plc Accounting policies March 2006 Basis of preparation The consolidated financial statements of Acal plc and all its subsidiaries have been prepared in accordance with International Financial Reporting

More information

eprint GROUP LIMITED eprint 集 團 有 限 公 司

eprint GROUP LIMITED eprint 集 團 有 限 公 司 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

EASY REPAY FINANCE & INVESTMENT LIMITED 易 還 財 務 投 資 有 限 公 司

EASY REPAY FINANCE & INVESTMENT LIMITED 易 還 財 務 投 資 有 限 公 司 EASY REPAY FINANCE & INVESTMENT LIMITED 易 還 財 務 投 資 有 限 公 司 (Continued in Bermuda with limited liability) (Stock Code: 8079) THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015

More information

AMAX INTERNATIONAL HOLDINGS LIMITED 奧 瑪 仕 國 際 控 股 有 限 公 司 *

AMAX INTERNATIONAL HOLDINGS LIMITED 奧 瑪 仕 國 際 控 股 有 限 公 司 * Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015

THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8307) THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET

More information

KPa-BM Holdings Limited *

KPa-BM Holdings Limited * KPa-BM Holdings Limited * (incorporated in the Cayman Islands with limited liability) (Stock code: 8141) ANNOUNCEMENT OF AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2016 Characteristics of the Growth

More information

GROUP RESULTS INTERIM DIVIDEND MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW

GROUP RESULTS INTERIM DIVIDEND MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW GROUP RESULTS The unaudited Group loss attributable to Shareholders amounted to HK$34.9 million (2014: profit of HK$32.8 million) for an unfavourable variance of HK$67.7 million compared with last year.

More information

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE )

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) GEM has been positioned as a market designed to accommodate companies to which a

More information

Principal Accounting Policies

Principal Accounting Policies 1. Basis of Preparation The accounts have been prepared in accordance with Hong Kong Financial Reporting Standards ( HKFRS ). The accounts have been prepared under the historical cost convention as modified

More information

NZX LIMITED. Financial Statements

NZX LIMITED. Financial Statements NZX LIMITED Financial Statements 1 Income Statement Group Note Revenue Securities information 4,929 4,423 8,924 Listings 6,202 5,656 12,984 Other issuer services 488 457 976 Securities trading 2,221 2,051

More information

G8 Education Limited ABN: 95 123 828 553. Accounting Policies

G8 Education Limited ABN: 95 123 828 553. Accounting Policies G8 Education Limited ABN: 95 123 828 553 Accounting Policies Table of Contents Note 1: Summary of significant accounting policies... 3 (a) Basis of preparation... 3 (b) Principles of consolidation... 3

More information

SUN INTERNATIONAL RESOURCES LIMITED

SUN INTERNATIONAL RESOURCES LIMITED SUN INTERNATIONAL RESOURCES LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8029) THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015 CHARACTERISTICS

More information

KPa-BM Holdings Limited *

KPa-BM Holdings Limited * KPa-BM Holdings Limited * (incorporated in the Cayman Islands with limited liability) (Stock code: 8141) THIRD QUARTERLY RESULTS ANNOUNCEMENT FOR THE NINE MONTHS ENDED 31 DECEMBER 2015 CHARACTERISTICS

More information

CHINA ENERGY ENGINEERING CORPORATION LIMITED*

CHINA ENERGY ENGINEERING CORPORATION LIMITED* Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 1 SIGNIFICANT ACCOUNTING POLICIES (a) Statement of compliance These financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting

More information

ICO GROUP LIMITED * (Incorporated in the Cayman Islands with limited liability) (Stock code: 8140)

ICO GROUP LIMITED * (Incorporated in the Cayman Islands with limited liability) (Stock code: 8140) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

STEED ORIENTAL (HOLDINGS) COMPANY LIMITED

STEED ORIENTAL (HOLDINGS) COMPANY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the Stock Exchange ) take no responsibility for the contents of this announcement, make no representation as to its

More information

ARM Holdings plc Consolidated balance sheet - IFRS

ARM Holdings plc Consolidated balance sheet - IFRS ARM Holdings plc Consolidated balance sheet - IFRS 30 June 31 December 2010 2009 Unaudited Audited 000 000 Assets Current assets: Financial assets: Cash and cash equivalents 53,746 34,489 Short-term investments

More information

Half Year Financial Statement And Announcement for the Period Ended 31/12/2010

Half Year Financial Statement And Announcement for the Period Ended 31/12/2010 AUSSINO GROUP LTD Company Registration No.: 199100323H Half Year Financial Statement And Announcement for the Period Ended 31/12/2010 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2

More information

Third Quarterly Report 2015. KPa-BM Holdings Limited. (incorporated in the Cayman Islands with limited liability) Stock code: 8141

Third Quarterly Report 2015. KPa-BM Holdings Limited. (incorporated in the Cayman Islands with limited liability) Stock code: 8141 KPa-BM Holdings Limited (incorporated in the Cayman Islands with limited liability) Stock code: 8141 Third Quarterly Report 2015 For identification purpose only CHARACTERISTICS OF THE GROWTH ENTERPRISE

More information

(Incorporated in the Cayman Islands with limited liability) Stock Code: 8122

(Incorporated in the Cayman Islands with limited liability) Stock Code: 8122 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8122 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) GEM

More information

NETEL TECHNOLOGY (HOLDINGS) LIMITED

NETEL TECHNOLOGY (HOLDINGS) LIMITED NETEL TECHNOLOGY (HOLDINGS) LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8256) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 NOVEMBER 2015 CHARACTERISTICS

More information

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

ARTINI CHINA CO. LTD.

ARTINI CHINA CO. LTD. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

SINOCHEM HONG KONG (GROUP) COMPANY LIMITED. Report of the Directors and Audited Consolidated Financial Statements.

SINOCHEM HONG KONG (GROUP) COMPANY LIMITED. Report of the Directors and Audited Consolidated Financial Statements. Report of the Directors and Audited Consolidated Financial Statements CONTENTS Pages REPORT OF THE DIRECTORS 1-2 INDEPENDENT AUDITORS REPORT 3 AUDITED FINANCIAL STATEMENTS Consolidated statement of comprehensive

More information

CL GROUP (HOLDINGS) LIMITED 昌 利 ( 控 股 ) 有 限 公 司

CL GROUP (HOLDINGS) LIMITED 昌 利 ( 控 股 ) 有 限 公 司 Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim

More information

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Contents Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS 6 9 Cash and cash equivalents 7 9 PRESENTATION OF

More information

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 INTERIM MANAGEMENT REPORT (UNAUDITED) FOR THE 6 MONTHS ENDED 30 JUNE 2013 1. Key Risks and uncertainties Risks and uncertainties

More information

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. Actuarial Gains and Losses, Group Plans and Disclosures

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS. Actuarial Gains and Losses, Group Plans and Disclosures 08 TCL Multimedia Technology Holdings Limited INTERIM RESULTS NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Basis of preparation The Directors are responsible for the preparation of the Group

More information

INNER CITY MINISTRIES LIMITED (incorporated in Hong Kong with liability limited by guarantee and not having a share capital)

INNER CITY MINISTRIES LIMITED (incorporated in Hong Kong with liability limited by guarantee and not having a share capital) REPORT OF THE DIRECTORS The directors present herewith their annual report together with the financial statements for the year ended 31 December 2014. PRINCIPAL ACTIVITY The principal activity of the association

More information

PUBLIC BANK (HONG KONG) LIMITED (Incorporated in Hong Kong with limited liability) (Website: www.publicbank.com.hk)

PUBLIC BANK (HONG KONG) LIMITED (Incorporated in Hong Kong with limited liability) (Website: www.publicbank.com.hk) PUBLIC BANK (HONG KONG) LIMITED (Incorporated in Hong Kong with limited liability) (Website: www.publicbank.com.hk) INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2011 The Board of Directors

More information

Note 2 SIGNIFICANT ACCOUNTING

Note 2 SIGNIFICANT ACCOUNTING Note 2 SIGNIFICANT ACCOUNTING POLICIES BASIS FOR THE PREPARATION OF THE FINANCIAL STATEMENTS The consolidated financial statements have been prepared in accordance with International Financial Reporting

More information

ADVANCED SYSTEMS AUTOMATION LIMITED (Company Registration No: 198600740M) (Incorporated in the Republic of Singapore)

ADVANCED SYSTEMS AUTOMATION LIMITED (Company Registration No: 198600740M) (Incorporated in the Republic of Singapore) Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly... http://infopub.sgx.com/apps?a=cow_corpannouncement_content&b=announcem... Page 1 of 1 8/13/2015 Financial Statements

More information

Chinese Energy Holdings Limited

Chinese Energy Holdings Limited Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Dick Smith Holdings Limited ACN 166 237 841

Dick Smith Holdings Limited ACN 166 237 841 Appendix 4D Dick Smith Holdings Limited ACN 166 237 841 Half-year financial report For the 26 weeks ended This half-year financial report is provided to the Australian Securities Exchange (ASX) under ASX

More information

Well Way Group Limited. (Incorporated in the Cayman Islands with limited liability) Stock code: 8063. 2015 Third Quarterly Report

Well Way Group Limited. (Incorporated in the Cayman Islands with limited liability) Stock code: 8063. 2015 Third Quarterly Report Well Way Group Limited (Incorporated in the Cayman Islands with limited liability) Stock code: 8063 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE

More information

DINGYI GROUP INVESTMENT LIMITED

DINGYI GROUP INVESTMENT LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE )

CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) GEM has been positioned as a market designed to accommodate companies to which a

More information

Ellipsiz Ltd and its Subsidiaries Registration Number: 199408329R

Ellipsiz Ltd and its Subsidiaries Registration Number: 199408329R Registration Number: 199408329R First Quarter Financial Information and Dividend Announcement for the period Statements of Financial Position Note Company June June Var. Var. % % Non-current assets Property,

More information

LIFESTYLE PROPERTIES DEVELOPMENT LIMITED

LIFESTYLE PROPERTIES DEVELOPMENT LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Statement of Cash Flows

Statement of Cash Flows STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 7 Statement of Cash Flows This version of SB-FRS 7 does not include amendments that are effective for annual periods beginning after 1 January 2014.

More information

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

THIRD QUARTERLY RESULTS ANNOUNCEMENT (For the nine months ended 30 September 2015)

THIRD QUARTERLY RESULTS ANNOUNCEMENT (For the nine months ended 30 September 2015) (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8025) THIRD QUARTERLY RESULTS ANNOUNCEMENT (For the nine months ended 30 September 2015) CHARACTERISTICS OF THE GROWTH ENTERPRISE

More information

ORIENTAL UNIVERSITY CITY HOLDINGS (H.K.) LIMITED

ORIENTAL UNIVERSITY CITY HOLDINGS (H.K.) LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the Stock Exchange ) take no responsibility for the contents of this announcement, make no representation as to its

More information

Unaudited Condensed Interim Financial Statements for the six months period ended 30 June 2015

Unaudited Condensed Interim Financial Statements for the six months period ended 30 June 2015 (9557 T) Unaudited Condensed Interim Financial Statements for the six months period ended 30 June 2015 CONTENTS PAGES Unaudited interim statement of financial position 1 Unaudited interim income statement

More information

ODELLA LEATHER HOLDINGS LIMITED 愛 特 麗 皮 革 控 股 有 限 公 司

ODELLA LEATHER HOLDINGS LIMITED 愛 特 麗 皮 革 控 股 有 限 公 司 ODELLA LEATHER HOLDINGS LIMITED 愛 特 麗 皮 革 控 股 有 限 公 司 (incorporated in the Cayman Islands with limited liability) (Stock Code: 8093) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2015

More information

ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED

ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information