RECRUIT<08073> - Results Announcement
Recruit Holdings Limited announced on 04/02/2005:
(stock code: 08073 )
Year end date: 31/12/2004
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 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
Note ('000 ) ('000 )
Turnover 2 : 103,995 50,293
Profit/(Loss) from Operations 3 : 34,396 2,598
Finance cost : 0 (115)
Share of Profit/(Loss) of
Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 34,368 2,483
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 4 : 0.1470 0.0178
-Diluted (in dollars) 4 : 0.1463 0.0177
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 34,368 2,483
Final Dividend : 0 0
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
Recruit Holdings Limited
Name : Ho Suk Yi
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 preparation
The financial statements have been prepared in accordance
with the accounting principles generally accepted in Hong
Kong and in compliance with accounting standards issued by
the Hong Kong Institute of Certified Public Accountants.
They have been prepared under the historical cost as modified
for the revaluation of investment property.
In the current year, the Group has early adopted Hong Kong
Accounting Standard ("HKAS") 40 Investment Property in
advance of its effective date. HKAS 40 introduces both cost
model and fair value model for the measurement of investment
property. For fair value model, HKAS 40 requires fair value
changes be recognised to the income statement in the period
in which they arise. The Group has elected to apply the fair
value model in measuring its investment property and recognizes
the fair value changes to the income statement in the period
in which they arise. The early adoption of HKAS 40 does not
have impact to the result of previous years as the Group did
not have any investment property in previous years.
2. Turnover
Year ended
31st December
2004 2003
HK$'000 HK$'000
Advertising income 103,615 49,943
Service income 350 350
Publication sales 30 -
-------------------------
103,995 50,293
=========================
3. Profit from operations
Profit from operations has been arrived at after charging
(crediting):
Year ended
31st December
2004 2003
HK$'000 HK$'000
Auditors' remuneration 250 185
Depreciation 1,360 1,456
Staff costs 15,322 14,245
Minimum lease payments
paid under operating leases
in respect of
Rented premises 1,211 591
Internet access line 91 112
Gain from changes in fair
value of investment property (1,945) -
Interest income (222) (96)
Gain on disposal of a jointly
controlled entity - (200)
Operating lease rental income
from
Subleasing of office premises (90) (219)
Investment property (88) -
4. Earnings per share
The calculation of the basic and diluted earnings
per share is based on the following data:
Year ended
31st December
2004 2003
HK$'000 HK$'000
Earnings for
the purposes
of basic and
diluted earnings
per share
for the year 34,368 2,483
===========================
Number of shares ('000)
(Restated)
Weighted average 233,784 139,699
number of ordinary
shares for the
purposes of basic
earnings per share
Effect of dilutive
potential ordinary
shares in respect of
share options granted 1,142 242
---------------------------
Weighted average
number of ordinary
shares for the
purposes of diluted
earnings
per share 234,926 139,941
===========================
The comparative figures of earnings per share for the year
ended 31st December 2003 had been re-calculated to reflect
a rights issue and a share consolidation occurred during the
year.
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