KINGDEE INT'L<08133> - Results Announcement (Final, 2003, Summary)
Kingdee International Software Group Company Limited
announced on 10/03/2004: (stock code: 08133 )
Year end date :31/12/2003
Currency :RMB
Auditors' report :Unqualified
Interim Report Reviewed by :N/A
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Audited) (Audited)
Current Last Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 31/12/2003 to 31/12/2002
$'000 $'000
Turnover : 365,573 294,532
Profit/(Loss) from Operations : 69,370 41,992
Finance cost : (24) 403
Share of Profit/(Loss) of Associates : (1,121) 381
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 59,130 40,698
% Change Over the Last Period : +45.29%
EPS / (LPS)
Basic (in dollar) : RMB 0.13 RMB 0.09
Diluted (in dollar) : RMB 0.13 RMB 0.09
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 59,130 40,698
Final Dividends per Share : HKD0.01 HKD0.02
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : 14/04/2004 to 16/04/2004 bdi.
Payable Date : 16/06/2004
B/C Dates for Annual General Meeting : 14/04/2004 to 16/04/2004 bdi.
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
Kingdee International Software Group Company Limited
Signature :
Name :LUO MING XING
Title :Executive Director & Senior Vice President
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 whatsoever 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.
Remark:
1. Basis of presenation
The financial statements are prepared in accordance with International
Financial Reporting Standards (¡§IFRS¡¨).
The books and records of the Company and its subsidiaries, except for
those subsidiaries established in the PRC (the "PRC subsidiaries"),
are maintained in Hong Kong dollars. The books and records of the PRC
that the Group principally operates in the PRC and its business
activites are principaly transacted in RMB, these financial statements
are prepared in RMB.
These financial statements have been prepared under the historical
cost convention except as disclosed in the accounting policies below.
2. Turnover
Turnover is net of applicable business tax and value-added
tax ("VAT") in the PRC and comprises the following:
2003 2002
RMB'000 RMB'000
Sales of software 296,898 235,289
Sales of hardware¡@¡@¡@¡@¡@¡@¡@¡@¡@¡@¡@¡@ 5,165 3,370
Software solution consulting and support services 39,506 40,421
Software implementation income 24,004 15,452
365,573 294,532
No segment information is presented as the Group operates in one single
industry and one single segment. The Group operates within one
geographic segment as its revenues are primarily generated in the PRC
and its major assets are located in the PRC.
3. Earnings per share
Basic earnings per share are calculated by dividing the net profit
for 2003,by the weighted average number of ordinary shares outstanding
in 2003.
For the purpose of calculating diluted earnings per share, the net
profit and the weighted average number of shares outstanding
are adjusted for the effects of all dilutive potential ordinary shares
from exercise of share options. The amount of net profit for the
reporting period is adjusted by the after-tax effect of interest
recognised in the reporting period for the proceeds from exercise of
share options. The number of ordinary shares is the weighted average
number of ordinary shares plus the weighted average number of ordinary
shares which would be issued on the conversion of all the dilutive
potential ordinary shares into ordinary shares. Share options are
deemed to have been converted into ordinary shares on the
date when the options were granted.
Information on net profit and number of shares outstanding for the
year ended 31 December 2003 is as follows:
2003 2002
RMB'000 RMB'000
Net Profit 59,130 40,698
After-tax effect of interest on proceeds 8 36
from exercise of share oprions
Net profit (diluted) 59,138 40,734
2003 2002
Number'000 Number'000
Issue ordinary shares at 1 January 440,887 437,750
Effect of shares issued 107 1,856
Weighted average number of ordinary 440,944 439,606
shares for the reporting period
Effect of share options outstanding 15,313 5,533
Weighted average number of ordinary 456,307 445,139
shares(diluted)for the reporting period
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