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.‌‌‌‌‌‌

ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 30 JUNE 2016‌

FINANCIAL HIGHLIGHTS

Turnover Revenue

Profit from operations

Profit attributable to equity shareholders of the Company

Earnings per share Dividend per share : Interim‌‌‌

Proposed final Total

Equity per share attributable to equity shareholders of the Company‌

2016 2015

HK$'M HK$'M Decrease

18,878 33,771 (44%)

17,260 21,748 (21%)

5,118 5,436 (6%)

3,088 4,625 (33%)

HK$ HK$

9.50 14.23 (33%)

1.00 1.00

3.00 3.00

4.00 4.00 -

170.71 177.60 (4%)

RESULTS

The consolidated results of Guoco Group Limited (the "Company") and its subsidiaries (together the "Group") for the financial year ended 30 June 2016 together with comparative figures for the previous year are as follows:

CONSOLIDATED INCOME STATEMENT 2016 2015

Note HK$'000 HK$'000

Turnover 2 & 3 18,878,074 33,770,697

Revenue 2 & 3 17,259,678 21,747,872

Cost of sales (8,972,076) (11,810,644)

Other attributable costs (311,460) (310,671)

7,976,142 9,626,557

Other revenue 321,555 421,587

Other net income 4 2,241,130 1,608,744 Administrative and other operating expenses (4,659,176) (5,195,284)

Profit from operations before finance costs 5,879,651 6,461,604 Finance costs 2(b) & 5(a) (761,157) (1,025,426) Profit from operations 2 5,118,494 5,436,178 Valuation surplus on investment properties 114,828 428,510 Share of profits of associates and joint ventures 5(c) 647,524 930,192 Profit for the year before taxation 2 & 5 5,880,846 6,794,880

Tax expenses 6 (988,849) (908,153)

Profit for the year 4,891,997 5,886,727

Attributable to:

Equity shareholders of the Company 3,087,886 4,624,794

Non-controlling interests 1,804,111 1,261,933

Profit for the year 4,891,997 5,886,727

Earnings per share HK$ HK$

Basic 8 9.50 14.23

Diluted 8 9.50 14.23

Details of dividends payable to equity shareholders of the Company attributable to the profit for the year are set out in note 7.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 2016 2015 HK$'000 HK$'000 Profit for the year 4,891,997 5,886,727 Other comprehensive income for the year (after tax and reclassification adjustments)

Items that will not be reclassified to profit or loss:

Actuarial (losses)/gains on defined benefit obligation

(74,876)

12,101

Surplus on revaluation of leasehold land and buildings

330,912

-

256,036

12,101

Items that may be reclassified subsequently to profit or loss:

Exchange translation differences relating to financial statements

of foreign subsidiaries, associates and joint ventures

(3,474,703)

(2,955,624)

Exchange translation reserve reclassified to profit or loss

upon disposal of subsidiaries

(430,757)

(46,264)

Exchange translation reserve reclassified to profit or loss

upon deemed disposal of associate

-

(15,721)

Release of reserves upon liquidation of subsidiaries

-

(88,521)

Changes in fair value of cash flow hedge

(45,857)

(22,489)

Changes in fair value of available-for-sale financial assets

(1,819,769)

872,501

Transfer to profit or loss on disposal of available-for-sale

financial assets

-

81,327

Release of valuation reserve upon disposal of properties

(171)

-

Share of other comprehensive income of associates

115,604

143,452

(5,655,653)

(2,031,339)

Other comprehensive income for the year, net of tax

(5,399,617)

(2,019,238)

Total comprehensive income for the year

(507,620)

3,867,489

Total comprehensive income for the year attributable to:

Equity shareholders of the Company

(921,020)

3,492,197

Non-controlling interests

413,400

375,292

(507,620)

3,867,489

CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2016 2015

NON-CURRENT ASSETS

Note HK$'000 HK$'000

Investment properties

16,368,835

14,708,484

Other property, plant and equipment

13,093,736

14,556,234

Interest in associates and joint ventures

7,932,862

7,342,114

Available-for-sale financial assets

12,647,934

13,787,439

Deferred tax assets

383,007

-

Intangible assets

7,892,631

9,039,945

Goodwill

1,112,212

1,289,398

Pensions surplus

20,407

80,203

59,451,624

60,803,817

CURRENT ASSETS

Development properties

12,309,519

24,853,204

Properties held for sale

5,881,436

7,906,293

Trade and other receivables

9

4,018,355

5,536,002

Trading financial assets

13,495,039

7,549,450

Cash and short term funds

18,976,235

20,477,389

Assets held for sale

-

870,912

54,680,584

67,193,250

CURRENT LIABILITIES

Trade and other payables

10

6,099,452

6,637,198

Bank loans and other borrowings

14,653,395

12,078,105

Taxation

887,631

1,112,605

Provisions and other liabilities

103,197

131,723

Liabilities held for sale

-

567,946

21,743,675

20,527,577

NET CURRENT ASSETS

32,936,909

46,665,673

TOTAL ASSETS LESS CURRENT LIABILITIES

92,388,533

107,469,490

NON-CURRENT LIABILITIES

Bank loans and other borrowings

19,849,621

32,032,835

Amount due to non-controlling interests

1,207,626

970,471

Provisions and other liabilities

491,992

618,210

Deferred tax liabilities

381,238

529,729

21,930,477

34,151,245

NET ASSETS

70,458,056

73,318,245

CAPITAL AND RESERVES

Share capital

1,276,582

1,275,414

Reserves

54,896,149

57,163,694

Total equity attributable to equity shareholders of the Company

56,172,731

58,439,108

Non-controlling interests

14,285,325

14,879,137

TOTAL EQUITY

70,458,056

73,318,245

Guoco Group Limited published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2016 13:13:05 UTC.

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