GP NANOTECH<08152> - Results Announcement (Final, 2002, Summary)
GP NanoTechnology Group Limited announced on 25/03/2003:
(stock code: 08152 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Unqualified
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 31/12/2002 to 31/12/2001
Note ('000 ) ('000 )
Turnover : 72,211 79,323
Profit/(Loss) from Operations : (5,629) 14,977
Finance cost : (1,281) (2,041)
Share of Profit/(Loss) of
Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : (7,523) 11,248
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.015) 0.026
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : (7,523) 11,248
Final Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
GP NanoTechnology Group Limited
Name : Chow Chun Kwong
Title : Executive Director
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for
the accuracy of the information contained in this results announcement
form (the "Information") and confirm, having made all reasonable
inquiries, that to the best of their knowledge and belief the
Information are accurate and complete in all material respects and
not misleading and that there are no other matters the omission of
which would make the Information herein inaccurate or misleading. The
Directors acknowledge that the Stock Exchange has no responsibility
whatsever with regard to the Information and undertake to indemnify
the Exchange against all liability incurred and all losses suffered
by the Exchange in connection with or relating to the Information.
Remarks:
1. Basis of preparation
These financial statements have been prepared in
accordance with all applicable Statements of Standard
Accounting Practice ("SSAPs") issued by the Hong Kong
Society of Accountants, accounting principles generally
accepted in Hong Kong and the disclosure requirements of
the Hong Kong Companies Ordinance and the GEM Listing Rules.
They have been prepared under the historical cost convention
as modified by revaluation of certain investments.
In the current year, the Group adopted the following new
or revised SSAPs which became effective for accounting
periods commencing on or after 1 January 2002:
SSAP 1 (revised) : Presentation of financial statements
SSAP 11 (revised) : Foreign currency translation
SSAP 15 (revised) : Cash flow statement
SSAP 34 : Employee benefits
2. Turnover
Turnover represents the net amounts received and receivable
for goods sold, less returns and allowances, to outside
customers during the year.
3. (Loss) / earnings per share
The calculation of the loss per share for the year ended
31 December 2002 is based on the loss attributable to
shareholders of HK$7,523,000 and on the 500,000,000 shares
that would have been in issue throughout the year.
The calculation of the basic earnings per share for the year
ended 31 December 2001 is based on the profit attributable
to shareholders of HK$11,248,000 and on the weighted average
number of 440,808,904 shares that would have been in issue
throughout the year as if the Company had been the holding
company of the Group since the beginning of the year.
4. Final dividend
The Board does not recommend the payment of a final
dividend for the financial year ended 31 December 2002.
(Year ended 31 December 2001 : Nil)
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