CHINA ELEGANCE<00476> - Results Announcement
China Elegance (Holdings) Limited announced on 14/11/2006:
(stock code: 00476 )
Year end date: 31/03/2007
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Restated)
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/04/2006 from 01/04/2005
to 30/09/2006 to 30/09/2005
Note ('000 ) ('000 )
Turnover A : N/A 62,269
Profit/(Loss) from Operations B : (7,639) (2,625)
Finance cost : N/A (432)
Share of Profit/(Loss) of
Associates : 1,730 1,750
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI C : (6,345) (2,184)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) D : (0.0068) (0.0025)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (6,345) (2,184)
Interim Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim 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
Remarks:
NOTE A:
TURNOVER
Turnover represents the sales value of goods supplied to customers. An
analysis of turnover from continuing and discontinued operations is as
follows:
Six months ended
30 September
2006 2005
HK$'000 HK$'000
Revenue from external customers from:
- continuing operations - 62,269
- discontinued operation 7,636 5,834
_______ _________
7,636 68,103
======= =========
NOTE B:
LOSS FROM OPERATIONS
Loss from operations has been arrived at after charging:
Continuing operations Discontinued operation Consolidated
Six months ended Six months ended Six months ended
30 September 30 September 30 September
2006 2005 2006 2005 2006 2005
HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000
Depreciation
257 179 107 175 364 354
Bad debts written off
- - - 1,891 - 1,891
Impairment loss of goodwill
- 1,449 - - - 1,449
=============== ================= ===================
NOTE C:
PROFITS/(LOSS) FROM CONTINUING AND DISCONTINUED OPERATIONS
An analysis of profit/(loss) from continuing and discontinued operations
is as follows:
Six months ended
30 September
2006 2005
HK$'000 HK$'000
Profit/(Loss) for the period from:
- continuing operations (5,909) (1,307)
- discontinued operation 61 (1,664)
------- -------
Net loss for the period (5,848) (2,971)
Loss attributable to minority interests (497) 787
_______ _______
Loss after taxation and minority interests
attributable to shareholders (6,345) (2,184)
======== ========
NOTE D:
LOSS PER SHARE
Basic loss per share is calculated based on the net loss attributable to
the shareholders of the Company for the period of approximately HK$6,345,
000 (2005: HK$2,184,000) and weighted average number of ordinary shares of
938,214,833 (2005: 883,296,800) during the period.
i) From continuing operations
Six months ended
30 September
2006 2005
Loss per share
Basic HK$(0.0067) HK$(0.0014)
============ ============
Diluted N/A N/A
=========== ============
Basic loss per share from continuing operations is calculated based on the
loss from continuing operations attributable to the shareholders of the
Company for the period of approximately HK$6,337,000 (2005: HK$1,243,000)
and weighted average number of ordinary shares of 938,214,833 (2005: 883,
296,800) during the period.
ii) From discontinued operation
Six months ended
30 September
2006 2005
Loss per share
Basic HK$(0.0001) HK$(0.0011)
=========== ===========
Diluted N/A N/A
============ ============
Basic loss per share from discontinued operation is calculated based on
the loss from discontinued operation attributable to the shareholders of
the Company for the period of approximately HK$8,000 (2005: HK$941,000)
and weighted average number of ordinary shares of 938,214,833 (2005: 883,
296,800) during the period.
Diluted loss per share is not presented for both current and prior periods
as the Company had no potential ordinary shares at the respective balance
sheet dates.
NOTE E:
COMPARATIVE FIGURES
Due to the disposal of Unicon Spirit Development Ltd. and its subsidiaries
during the period, which constituted a discontinued operation under HKFRS
5 "Non-current Assets Held for Sale and Discontinued Operations", certain
comparative figures were restated so as to reflect the results for the
continuing operations.