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富智康集團有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 2038)The Board is pleased to announce the audited consolidated results of the Group for the year ended 31 December 2015 together with comparative figures for the previous year as follows:
For the year ended 31 December 2015
2015 | 2014 | ||
NOTES | US$'000 | US$'000 | |
Revenue | 2 | 7,450,992 | 6,829,890 |
Cost of sales | (7,064,953) | (6,406,769) | |
Gross profit | 386,039 | 423,121 | |
Other income, gains and losses | 3 | 247,304 | 259,528 |
Selling expenses | (18,513) | (17,846) | |
General and administrative expenses | (187,813) | (195,450) | |
Research and development expenses | (114,633) | (142,921) | |
Impairment loss recognised for property, plant and equipment | 4 | (2,554) | (34,932) |
Impairment loss recognised for interests in associates | (8,112) | (4,750) | |
Interest expense on bank borrowings | (5,777) | (10,441) | |
Share of loss of associates | (5,172) | (6,693) | |
Share of loss of joint ventures | (605) | (1,466) | |
Profit before tax | 5 | 290,164 | 268,150 |
Income tax expense | 6 | (61,500) | (98,843) |
Profit for the year | 228,664 | 169,307 |
2015 | 2014 | |||
NOTE | US$'000 | US$'000 | ||
Other comprehensive (expense) income: | ||||
Item that will not be reclassified to profit or loss: | ||||
Remeasurement of defined benefit pension plans | (655) | 1,915 | ||
Items that may be reclassified subsequently to profit or loss: | ||||
Exchange differences arising on translation of foreign operations | (241,383) | (55,866) | ||
Fair value loss on available-for-sale financial assets | (547) | (749) | ||
Share of translation reserve of associates | (349) | (45) | ||
Share of translation reserve of joint ventures | (171) | (219) | ||
(242,450) | (56,879) | |||
Other comprehensive expense for the year, net of income tax | (243,105) | (54,964) | ||
Total comprehensive (expense) income for the year | (14,441) | 114,343 | ||
Profit (loss) for the year attributable to: | ||||
Owners of the Company | 229,066 | 169,437 | ||
Non-controlling interests | (402) | (130) | ||
228,664 | 169,307 | |||
Total comprehensive (expense) income attributable to: | ||||
Owners of the Company | (13,761) | 115,015 | ||
Non-controlling interests | (680) | (672) | ||
(14,441) | 114,343 | |||
Earnings per share | 8 | |||
Basic | US2.96 cents | US2.24 cents | ||
Diluted | US2.93 cents | US2.20 cents | ||
At 31 December 2015
2015 | 2014 | |||
NOTES | US$'000 | US$'000 | ||
Non-current assets | ||||
Property, plant and equipment | 853,547 | 907,718 | ||
Investment properties | 6,515 | 2,271 | ||
Prepaid lease payments | 42,317 | 47,084 | ||
Available-for-sale investments | 9 | 255,939 | 25,217 | |
Interests in associates | 10 | 29,359 | 35,077 | |
Interests in joint ventures | 3,897 | 4,673 | ||
Deferred tax assets | 47,082 | 61,280 | ||
Deposit for acquisition of prepaid lease payments | 30,700 | 31,160 | ||
1,269,356 | 1,114,480 | |||
Current assets | ||||
Inventories | 332,636 | 595,572 | ||
Trade and other receivables | 11 | 1,595,361 | 2,445,104 | |
Short-term investments | 12 | 385,138 | 299,440 | |
Bank deposits | 272,218 | 523,734 | ||
Bank balances and cash | 1,950,306 | 1,844,192 | ||
4,535,659 | 5,708,042 | |||
Current liabilities | ||||
Trade and other payables | 13 | 1,857,110 | 2,494,056 | |
Bank borrowings | 13,367 | 178,730 | ||
Provision | 19,093 | 27,985 | ||
Tax payable | 132,662 | 160,916 | ||
2,022,232 | 2,861,687 | |||
Net current assets | 2,513,427 | 2,846,355 | ||
Total assets less current liabilities | 3,782,783 | 3,960,835 | ||
2015 | 2014 | ||
US$'000 | US$'000 | ||
Capital and reserves | |||
Share capital | 315,748 | 311,579 | |
Reserves | 3,431,194 | 3,609,139 | |
Equity attributable to owners of the Company | 3,746,942 | 3,920,718 | |
Non-controlling interests | 8,472 | 9,152 | |
Total equity | 3,755,414 | 3,929,870 | |
Non-current liabilities | |||
Deferred tax liabilities | 150 | 249 | |
Deferred income | 27,219 | 30,716 | |
27,369 | 30,965 | ||
3,782,783 | 3,960,835 | ||
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