CHINA ELEGANCE<00476> - Results Announcement
China Elegance (Holdings) Limited announced on 13/06/2006:
(stock code: 00476 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/04/2005 from 01/04/2004
to 31/03/2006 to 31/03/2005
Note ('000 ) ('000 )
Turnover : 105,273 182,169
Profit/(Loss) from Operations A : (17,041) (7,682)
Finance cost : (1,214) (699)
Share of Profit/(Loss) of
Associates B : 2,708 2,550
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (11,043) (823)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) C : (0.0125) (0.0009)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (11,043) (823)
Final Dividend : NIL NIL
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 Annual
General Meeting : 10/07/2006 to 12/07/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
NOTE A:
LOSS BEFORE TAX
Loss before taxation is arrived at charging / (crediting):
2006 2005
HK$'000 HK$'000
Amortisation of goodwill - 374
Depreciation 949 1,149
Inventories written off 3,462 -
Impairment loss of goodwill 1,449 1,050
Impairment loss of doubtful debts, net 2,976 -
Share of taxation of associates 1,042 1,023
Administration fee income, net (1,648) (3,088)
=======================
NOTE B:
SHARE OF PROFIT OF ASSOCIATES
For the year ended 31 March 2005, the Group's share of tax attributable to
associates was presented as a component of the Group's total tax charge/(
credit) in the consolidated income statement. Upon the adoption of HKAS
1, the Group's share of the post-acquisition results of associates is
presented net of the Group's share of tax attributable to associates. The
changes in presentation have been applied retrospectively, and the
comparative figure was restated accordingly.
NOTE C:
LOSS PER SHARE
The calculation of basic loss per share is based on the net loss
attributable to shareholders for the year of HK$11,043,000 (2005: HK$823,
000) and 883,296,800 (2005: 883,296,800) ordinary shares in issue during
the year.
Diluted loss per share is not presented for both years as the Company had
no potential ordinary shares as at the respective balance sheet dates.