CHINA DATACAST<08016> - Results Announcement (Final, 2004, Summary)
China Data Broadcasting Holdings Limited announced on 28/11/2005:
(stock code: 08016 )
Year end date :31/12/2004
Currency :HKD
Auditors' report :Unqualified
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 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
$'000 $'000
Turnover : 578,032 180,750
Profit/(Loss) from Operations : (316) 1,807
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 363 1,302
% Change Over the Last Period : -72.12%
EPS / (LPS)
Basic (in dollar) : HKD 0.0011 HKD 0.0041
Diluted (in dollar) : HKD 0.0011 HKD 0.004
Extraordinary (ETD) Gain/(Loss) : 6,612 N/A
Profit (Loss) after ETD Items : 6,975 1,302
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
China Data Broadcasting Holdings Limited
Signature :
Name : Shum Shing Kei
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 Hong Kong Financial Reporting Standards ( which also
include Statements of Standards Accounting Practice and
Interpretations ( " SSAP " ) ) issued by the Hong Kong
Institute of Certified Public Accountants ( " HKICPA " ),
accounting principles generally accepted in Hong Kong and the
disclosure requirements of the Hong Kong Companies Ordinance.
They have been prepared under the historical cost convention.
The HKICPA has issued a number of new and revised Hong Kong
Financial Reporting Standards and Hong Kong Accounting
Standards ( " HKFRSs " ) which are effective for accounting
periods beginning on or after 1 January 2005. The Group has
not early adopted these new HKFRSs in the financial
statements for the year ended 31 December 2004. The Group has
commenced considering the potential impact of these new
HKFRSs but is not yet in a position to determine whether
these new HKFRSs would have a significant impact on its
results of operations and financial position.
( 2 ) Turnover
Turnover represents the invoiced value of goods sold and
services rendered, net of value-added tax, business tax, and
after allowance for goods returned and trade discount.
Turnover from continuing operation for the year ended 31
December 2004 is approximately HKD577,789,000 and that from
discontinued operation for the year is approximately
HKD243,000.
( 3 ) (Loss)/Profit from operation
Profit from continuing operation for the year ended 31
December 2004 is approximately HKD1,076,000 while the loss
from discontinued operation for the year is approximately
HKD1,392,000.
( 4 ) Taxation
Taxes on profits assessable elsewhere have been calculated at
the rates of tax prevailing in the countries in which the
Group operates, based on existing legislation,
interpretations and practices in respect thereof.
No provision for Hong Kong profits tax is required since the
Group has no assessable profit for the year. The amount
provided for the year ended 31 December 2003 was calculated
at 17.5% based on the estimated assessable profits for the
year.
( 5 ) Earnings per share
The calculation of basic earnings per share is based on the
net profit attributable to shareholders for the year of
approximately HKD363,000 ( 2003 : HKD1,302,000 ), and the
weighted average of 318,000,000 ( 2003 : 318,000,000 )
ordinary shares in issue during the year.
The calculation of diluted earnings per share is based on the
net profit attributable to shareholders for the year of
approximately HKD363,000 ( 2003 : HKD1,302,000 ). The
weighted average number of ordinary shares used in the
calculation is the 318,000,000 ordinary shares in issue
during the year, as used in the basic earnings per share
calculation; and the weighted average of 1,020,619
( 2003 : 5,929,549 ) ordinary shares assumed to have been
issued at no consideration on the deemed exercise of all
share options during the year.
( 6 ) Gain on discontinued operations
During the year ended 31 December 2004, the Company disposed
of its subsidiaries. The gain on disposal of subsidiaries
attributable to discontinued operations of approximately
HKD6,612,000 was charged to the income statement.
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