TOM GROUP<08001> - Results Announcement (Final, 2003, Summary)
TOM Group Limited announced on 17/03/2004:
(stock code: 08001)
Year end date :31/12/2003
Currency :HKD
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 : 2,089,234 1,624,126
Profit/(Loss) from Operations : 92,349 (303,300)
Finance cost : (19,919) (19,079)
Share of Profit/(Loss) of Associates : 1,823 20
Share of Profit/(Loss) of Jointly
Controlled Entites : (6,387) (29,585)
Profit/(Loss) after Taxation & MI : 12,598 (409,579)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 0.0035 (HKD 0.1241)
Diluted (in dollar) : HKD 0.0035 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 12,598 (409,579)
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
For and on behalf of
TOM Group Limited
Signature :
Name : Tommei Tong
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 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.
Remarks:
1. Basis of preparation
The principal accounting policies adopted in preparing
the audited consolidated results conform with
accounting principles generally accepted in Hong Kong
and accounting standards issued by the Hong Kong
Society of Accountants.
2. Earnings/(loss) per share
(a) Basic
The calculation of basic earnings/(loss) per share is based on
the profit attributable to shareholders of HK$12,598,000
(2002: loss of HK$409,579,000) and the weighted average of
3,583,805,272 (2002:3,301,115,146) ordinary shares in issue
during the year.
(b) Diluted
The calculation of diluted earnings per share for the year
ended 31 December 2003 is based on the profit attributable
to shareholders of HK$12,598,000 and the weighted average of
3,606,757,274 ordinary shares after adjusting for the effects
of all dilutive potential ordinary shares, as if all the
outstanding share options granted by the Company had been exercied
at the date of issuance and the consideration shares to be issued
by the Company for the acquisition of subsidiaries had been issued
at the date of acquisition. Since all potential ordinary shares
arising from the conventible bonds, if coverted into ordinary
shares, would increase profit attributable to shareholders per
share as a result of the savings on the interest and redemption
premium payable and amortisation of borrowing costs, the effects of
anti-dilutive potential ordinary shares are ignored in calculating
diluted earnings per share.
The exercise of share options granted by the Company would have an
anti-dilutive effect on the loss per share for the year ended
31 December 2002.
|