PAC CENTURY INS<00065> - Results Announcement
Pacific Century Insurance Holdings Limited announced on 23/02/2006:
(stock code: 00065 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover 1 : 1,826,885 1,688,832
Profit/(Loss) from Operations 2 : 104,873 207,679
Finance cost 2 : (45,346) (1,805)
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 2 : 42,502 188,295
% Change over Last Period : -77.4 %
EPS/(LPS)-Basic (in dollars) 3 : 0.05 0.23
-Diluted (in dollars) 4 : 0.05 0.23
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items 2 : 42,502 188,295
Final Dividend 5 : $0.04 $0.10
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 18/04/2006 to 21/04/2006 bdi.
Payable Date : 28/04/2006
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Turnover
Audited year ended
-------------------------------------------------------------------------
31/12/2005 31/12/2004
-------------------------------------------------
Reported P&L Effect of
HKFRS 4 Insurance
Contract Restated
HK$'000 HK$'000 HK$'000 HK$'000
Revenue from:
Life insurance contracts
Single premium
30,018 153,909 (142,445) 11,464
First year premium
266,010 290,047 (63,485) 226,562
Renewal premium
1,500,071 1,468,390 (46,784) 1,421,606
-------------------------------------------------------------------------
1,796,099 1,912,346 (252,714) 1,659,632
Retirement scheme business
0 22,798 (22,798) 0
-------------------------------------------------------------------------
1,796,099 1,935,144 (275,512) 1,659,632
General insurance commissions under agency agreements
8,727 8,801 0 8,801
Asset management fees
16,188 10,406 0 10,406
Fess on investment contracts
5,871 0 9,993 9,993
-------------------------------------------------------------------------
Turnover
1,826,885 1,954,351 (265,519) 1,688,832
==========================================================================
2. Profit/(Loss) after Taxation & MI /
Profit/(Loss) after ETD Items
Audited year ended
--------------------------------------------------------------------------
31/12/2005 31/12/2004
-------------------------------------------------
Reported P&L Effect of
HKFRS 2 Share
Option Scheme Restated
HK$'000 HK$'000 HK$'000 HK$'000
Profit/(Loss) before Tax from Operations *
104,873 215,691 (8,012) 207,679
Finance Cost
(45,346) (1,805) 0 (1,805)
-------------------------------------------------------------------------
Profit/(Loss) before Tax
59,527 213,886 (8,012) 205,874
Tax:
Continuing Operations
(16,963) (17,579) 0 (17,579)
Discontinued Operation
(62)
-------------------------------------------------------------------------
Profit/(Loss) after Taxation & MI / Profit/(Loss) after ETD Items **
42,502 196,307 (8,012) 188,295
=========================================================================
* Profit/(Loss) before Tax from Continuing Operations
104,212 208,245
Profit/(Loss) before Tax from Discontinued Operation
661 (566)
-----------
Profit/(Loss) before Tax from Operations
104,873 207,679
======= ========
** Net Profit/(Loss) from Continuing Operations
41,903 188,861
Net Profit/(Loss) from Discontinued Operation
599 (566)
------- ---------
Profit/(Loss) after Taxation & MI / Profit/(Loss) after ETD Items
42,502 188,295
====== =======
3.
EPS/(LPS) - Basic Audited year ended
--------------------------------------------------------------------------
31/12/2005 31/12/2004
-----------------------------------------
Reported P&L Effect Restated
of HKFRS 2 Share
Option Scheme
a) Basic for Net Profit/(Loss) Attributable to Shareholders
Issued Shares (Weighted Average No of Shares)
820,109,000 820,737,000 820,737,000
===============================================
Profit/(Loss) after Taxation & MI / Profit/(Loss) after
ETD Items (HK$) 42,502,000 196,307,000 (8,012,000) 188,295,000
===============================================
Earnings/(Loss) per Share (HK$)
0.05 0.24 0.23
===============================================
b) Basic for Net Profit/(Loss) from Continuing Operations
Issued Shares (Weighted Average No of Shares)
820,109,000 820,737,000
================================================
Net Profit/(Loss) from Continuing Operations (HK$)
41,903,000 188,861,000
================================================
Earnings/(Loss) per Share (HK$)
0.05 0.23
================================================
4. EPS/(LPS) - Diluted Audited year ended
--------------------------------------------------------------------------
31/12/2005 31/12/2004
-----------------------------------------
Reported P&L Effect Restated
of HKFRS 2 Share
Option Scheme
a) Diluted for Net Profit/(Loss) Attributable to Shareholders
Issued Shares (Weighted Average No of Shares)
820,109,000 820,737,000 820,737,000
Add: Shares Issued at No Consideration on the Deemed
Exercise of All Share Options (Weighted Average No of
Shares)
12,062,000 14,599,000 14,599,000
------------------------------------------------
832,171,000 835,336,000 835,336,000
=================================================
Profit/(Loss) after Taxation & MI / Profit/(Loss) after
ETD Items (HK$) 42,502,000 196,307,000 (8,012,000) 188,295,000
=================================================
Earnings/(Loss) per Share (HK$)
0.05 0.24 0.23
==============================================
b) Diluted for Net Profit/(Loss) from Continuing Operations
Issued Shares (Weighted Average No of Shares)
820,109,000 820,737,000
Add: Shares Issued at No Consideration on the Deemed
Exercise of All Share Options (Weighted Average No of
Shares) 12,062,000 14,599,000
--------------------------------------------------
832,171,000 835,336,000
=================================================
Net Profit/(Loss) from Continuing Operations (HK$)
41,903,000 188,861,000
==================================================
Earnings/(Loss) per Share (HK$)
0.05 0.23
=====================================================
5. Final Dividend per Share
Audited year end
31/12/2005 31/12/2004
Proposed:
Final Ordinary (HK$ per Ordinary Share) 0.04 0.06
Special Final (HK$ per Ordinary Share) - 0.04
--------------
0.04 0.10
==============
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