ASIA RESOURCES HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(incorporated in Bermuda with limited liability)
(Stock Code: 899) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2016The Board of Directors (the "Board") of Asia Resources Holdings Limited (the "Company") is pleased to announce the unaudited interim results of the Company and its subsidiaries (collectively refer to as the "Group") for the six months ended 30 September 2016 together with the comparative figures for the previous corresponding period as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the six months ended 30 September 2016
For the six months ended 30 September
Note | 2016 (unaudited) HK$'000 | 2015 (unaudited) HK$'000 | |
Continuing operations Revenue, net | 4 | 3,734 | 504 |
Cost of Sales | - | (100) | |
Gross profit | 3,734 | 404 | |
Other (loss)/gain | 5 | (1,603) | 10,922 |
Administrative expenses | (49,486) | (65,330) | |
Share of results of an associate | (442) | - | |
(Loss)/gain on disposal of subsidiaries | 6 | (110) | 56,505 |
Finance costs | 7 | (15,941) | (10,962) |
Loss before taxation | 8 | (63,848) | (8,461) |
Taxation | 9 | - | - |
Loss for the period from continuing operations | (63,848) | (8,461) | |
Loss for the period from discontinuing operations | - | (4,382) | |
Loss for the period | (63,848) | (12,843) | |
* For identification purposes only |
For the six months ended 30 September 2016
For the six months ended 30 September 2016 2015 (unaudited) (unaudited)Note HK$'000 HK$'000
Other comprehensive (expenses)/incomeItem that may be reclassified subsequently to profit or loss:
Exchange differences arising during the period Reclassification adjustments relating to foreign operations disposed during the period | (52,300) 123 | (50,184) (28,408) |
Other comprehensive expenses for the period, net of tax | (52,177) | (78,592) |
Total comprehensive loss for the period | (116,025) | (91,435) |
Loss attributable to: - Owners of the Company | (63,440) | (10,649) |
- Non-controlling interests | (408) | (2,194) |
(63,848) | (12,843) | |
Total comprehensive loss attributable to: | ||
- Owners of the Company | (115,335) | (89,955) |
- Non-controlling interests | (690) | (1,480) |
(116,025) | (91,435) | |
Loss per share attributable to | HK$ | HK$ |
owners of the Company
From continuing and discontinued operations
Basic and diluted 10 0.012 0.003
From continuing operations
Basic and diluted 10 0.012 0.002
At 30 September 2016
Note | At 30 September 2016 (unaudited) HK$'000 | At 31 March 2016 (audited) HK$'000 | |
Non-current assets Property, plant and equipment | 12 | 37,897 | 39,157 |
Investments in an associate | 14 | 440,692 | 456,313 |
Deposit for acquisition of investment properties | 17 | 609,311 | 598,092 |
1,087,900 | 1,093,562 | ||
Current assets Properties under development | 15 | 788,151 | 782,281 |
Loan receivables | 16 | 42,932 | 40,638 |
Prepayments, deposits and other receivables | 17 | 73,958 | 58,289 |
Financial assets at fair value through profit or loss | 8,083 | 10,632 | |
Amount due from an associate | 14 | 12,157 | 4,167 |
Bank balances and cash | 481,634 | 505,485 | |
1,406,915 | 1,401,492 | ||
Assets classified as held for sale | - | 65,667 | |
1,406,915 | 1,467,159 | ||
Current liabilities Trade payables | 18 | 33,813 | 8,676 |
Other payables and accruals | 19 | 150,837 | 169,972 |
Tax payables | 1,748 | 2,101 | |
Convertible notes/bonds | 21 | 9,766 | 9,646 |
Receipts in advance | 97,091 | 97,800 | |
293,255 | 288,195 | ||
Net current assets | 1,113,660 | 1,178,964 | |
Total assets less current liabilities | 2,201,560 | 2,272,526 |
Note | At 30 September 2016 (unaudited) HK$'000 | At 31 March 2016 (audited) HK$'000 | |
Capital and reserves Share capital | 20 | 1,335,923 | 1,335,923 |
Reserves | 631,463 | 712,015 | |
Total equity attributable to owners of the Company | 1,967,386 | 2,047,938 | |
Non-controlling interests | (8,760) | (8,070) | |
1,958,626 | 2,039,868 | ||
Non-current liabilities Convertible notes/bonds | 21 | 198,724 | 188,448 |
Deferred tax liabilities | 44,210 | 44,210 | |
242,934 | 232,658 | ||
2,201,560 | 2,272,526 |
Asia Resources Holdings Limited published this content on 27 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 November 2016 10:31:03 UTC.
Original documenthttp://www.asiaresources899.com/investorrelations/2016/20161127_1_ew0899.pdf
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