WANASPORTS<08020> - Results Announcement (Final, 2003/2004, Summary)
Wanasports Holdings Limited announced on 24/06/2004:
(stock code: 08020 )
Year end date :31/03/2004
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report by :Audit Committee & Auditors
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 01/04/2003 from 01/04/2002
to 31/03/2004 to 31/03/2003
$'000 $'000
Turnover : 4,740 9,482
Profit/(Loss) from Operations : (5,530) (28,984)
Finance cost : (1) (24)
Share of Profit/(Loss) of Associates : (56) N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (5,765) (29,008)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0115) (HKD 0.0682)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (5,765) (29,008)
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
(bdi: both days inclusive)
For and on behalf of
Wanasports Holdings Limited
Signature :
Name :Chan Kwok Choi
Title :Company Secretary
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 presentation
The accounts have been prepared in accordance with generally
accepted accounting principles in Hong Kong and comply with
accounting standards issued by the HKSA. The accounts have prepared
under the historical cost convention as modified with respect to
the measurement of other investments.
In the current year the Group has adopted, for the first time,
the revised Statement of Standard Accounting Practice ("SSAP") 12
"Income taxes" issued by the HKSA which is effective for accounting
periods commencing on or after 1 January 2003
The adoption of revised SSAP has had no material impact on the accounts
of the Group for the current and prior accounting periods. Accordingly,
no prior year adjustment has been required.
2. Loss per share
The calculations opf basis loss per share is based on the loss
attributable to shareholders of HK$5,765,000 (2003:HK$28,856,000)
and the weighted average number of 500,896,721 (2003:423,000,000
shares) in issue during the year.
Diluted loss per share for the year has not been presented because
there were no dilutive potential ordinary shares outstanding during
the two years ended 31 March 2004
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