EVI EDUCATION<08090> - Results Announcement
EVI Education Asia Limited announced on 06/11/2006:
(stock code: 08090 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
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
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/09/2006 to 30/09/2005
Note ('000 ) ('000 )
Turnover 2 : 20,089 18,371
Profit/(Loss) from Operations : (5,251) (3,718)
Finance cost : 3,474 1,776
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (1,777) (1,942)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) 3 : (0.000190) (0.000201)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (1,777) (1,942)
3rd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
3rd Quarter 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
EVI Education Asia Limited
Name : Jeffrey Chan
Title : Financial Controller
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 and principal accounting policies
The unaudited condensed consolidated financial statements for the
Period have been prepared in accordance with Hong Kong Financial
Reporting Standards ("HKFRSs") (which also include Hong Kong Accounting
Standards ("HKASs") and Interpretations), issued by the Hong Kong
Institute of Certified Public Accountants ("HKICPA"), accounting
principles generally accepted in Hong Kong and with the applicable
disclosure requirements of Chapter 18 of the Rules Governing the
Listing of Securities on the Growth Enterprise Market of The Stock
Exchange of Hong Kong Limited (the "Stock Exchange") (the
"GEM Listing Rules").
The unaudited condensed consolidated financial statements have been
prepared under the historical cost convention, except for financial
assets held for trading that have been measured at fair value. The
principal accounting policies and methods of computations used in
the preparation of the unaudited condensed consolidated financial
statements are consistent with those applied in the Group¡¦s final
financial statements for the fifteen-month period ended 31st December
2005, except that the Group has changed certain of its accounting
policies subsequent to its adoption of the following new/revised
standards that are effective for accounting periods commencing on or
after 1st January 2006. The adoption of such standards did not have
material effect on these financial statements.
HKAS 21(Amendment) The Effects of Changes in Foreign Exchange Rates -
Net Investment in a Foreign Operation
HKAS 39(Amendment) The Fair Value Option
The Group has not early adopted the following standards and
interpretations that have been issued but are not yet effective. The
adoption of such standards will not result in substantial changes to
the Group's accounting policies.
HKAS 1 (Amendment) Capital Disclosures
HKFRS 7 Financial Instruments - Disclosures
HK(IFRIC)
Interpretation 8 Scope of HKFRS 2
HK(IFRIC)
Interpretation 9 Reassessment of Embedded Derivatives
(2) Revenue
The Group is principally engaged in (i) provision of internet education
services, (ii) sales and installation of computer hardware and software,
(iii) website development and commercial projects, (iv) provision of
computer training services and (v) sales of health and personal care products.
Revenue recognized during the Period is as follows:
(Unaudited)
For the three For the nine
months ended months ended
30th September 30th September
2006 2005 2006 2005
$'000 $'000 $'000 $'000
Revenue
Internet education service 1,432 987 5,816 5,413
Sales and installation of computer
hardware and software 3,903 5,002 7,242 8,421
Website development and commercial
projects 787 655 2,941 2,681
Computer training services 1,062 639 2,653 1,799
Sales of health and personal care
products 305 - 1,351 -
Others 42 7 86 57
_____ _____ ______ ______
Turnover 7,531 7,290 20,089 18,371
===== ===== ====== ======
(3) (Loss) / earnings per share
The calculation of basic (loss) / earnings per share for the Period was
based on the unaudited consolidated loss attributable to equity holders
of the Company of HK$1,575,000 (2005: loss attributable to equity
holders of HK$1,431,000) and on the 8,300,000,000 ordinary shares
(2005: weighted average number of 7,134,432,234 ordinary shares) in
issue throughout the Period.
No diluted (loss) / earnings per share was presented for the Period as
the impact of the exercise of the share options is anti-dilutive.
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