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海航實業集團股份有限公司
HNA HOLDING GROUP CO. LIMITED(Incorporated in Hong Kong with limited liability)
(Stock Code: 521) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 INTERIM RESULTSThe board (the "Board") of directors (the "Directors") of HNA Holding Group Co. Limited (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2017. These interim results have been reviewed by the Company's Audit Committee and its auditor.
OTHER COMPREHENSIVE INCOMEFOR THE SIX MONTHS ENDED 30 JUNE 2017
Six months ended 30 June 2017 2016NOTES | HK$'000 (unaudited) | HK$'000 (unaudited) (restated) | |
Continuing operations Revenue | 3 | 134,124 | 65,186 |
Cost of sales | (65,027) | (63,159) | |
Gross profit | 69,097 | 2,027 | |
Other income | 11,506 | 17,350 | |
Other gains and losses | 4 | 23,010 | 67,202 |
Selling and distribution costs | (3,215) | (2,972) | |
Administrative expenses | (49,357) | (49,050) | |
Finance costs | (69,685) | (49,942) | |
Loss before tax | (18,644) | (15,385) | |
Income tax (expense) credit | 5 | (6,977) | 2,256 |
Loss for the period from continuing operations | 6 | (25,621) | (13,129) |
Discontinued operations Profit (loss) for the period from discontinued operations | 7 | 88,421 | (81,620) |
Profit (loss) for the period | 62,800 | (94,749) | |
Other comprehensive income (expense): Item that will not be reclassified to profit or loss: Exchange difference arising on translation of financial statements from functional currency to presentation currency | 85,595 | (80,163) | |
Total comprehensive income (expense) for the period | 148,395 | (174,912) |
FOR THE SIX MONTHS ENDED 30 JUNE 2017
Six months ended 30 June 2017 2016NOTES HK$'000 HK$'000
(unaudited) (unaudited)(restated)
Profit (loss) for the period attributable to owners | ||
of the Company | ||
- from continuing operations | (21,821) | (6,971) |
- from discontinued operations | 88,857 | (75,563) |
Profit (loss) for the period attributable to owners
of the Company 67,036 (82,534)
Loss for the period attributable to non-controlling interests
- from continuing operations | (3,800) | (6,158) |
- from discontinued operations | (436) | (6,057) |
Loss for the period attributable to non-controlling interests | (4,236) | (12,215) |
62,800 | (94,749) | |
Total comprehensive income (expense) attributable to: Owners of the Company | 140,479 | (152,955) |
Non-controlling interests | 7,916 | (21,957) |
148,395 | (174,912) | |
EARNINGS (LOSS) PER SHARE From continuing and discontinued operations | 8 | |
Basic and diluted (HK cents) | 0.59 | (0.72) |
From continuing operations
Basic and diluted (HK cents) (0.19) (0.06)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAT 30 JUNE 2017
NOTES | 30 June 2017 HK$'000 (unaudited) | 31 December 2016 HK$'000 (audited) | |
Non-current assets | |||
Property, plant and equipment | 258,234 | 260,655 | |
Land use rights | 1,071,942 | 1,059,477 | |
Investment properties | 2,543,605 | 2,447,621 | |
Available-for-sale investments | 155,000 | 155,000 | |
Deposit paid for acquisition of subsidiaries | 83,454 | - | |
Club debentures | 700 | 700 | |
Amounts due from related companies | 2,489 | 2,500 | |
4,115,424 | 3,925,953 | ||
Current assets | |||
Land use rights | 42,878 | 41,548 | |
Amounts due from related companies | 414,533 | 908,065 | |
Inventories | 7,098 | 6,916 | |
Trade receivables | 9 | 55,871 | 27,040 |
Prepayments, deposits and other receivables | 26,077 | 11,188 | |
Pledged bank deposits | 34,539 | 27,890 | |
Bank balances and cash | 1,509,249 | 1,085,447 | |
2,090,245 | 2,108,094 | ||
Assets associated with disposal group classified as | |||
held-for-sale | 7 | - | 387,075 |
2,090,245 | 2,495,169 | ||
Current liabilities | |||
Trade and bills payables Other payables, deposits received, receipt in | 10(a ) | 9,383 | 7,021 |
advance and accruals | 10(b) | 64,488 | 107,952 |
Borrowings - due within one year | 42,598 | 54,598 | |
Amounts due to related companies | 1,384 | 7,475 | |
Tax liabilities | 13,986 | 13,704 | |
Deferred revenue | 47,189 | 49,489 | |
Obligations under finance leases | - | 565 | |
179,028 | 240,804 | ||
Liabilities associated with disposal group | |||
classified as held-for-sale 7 | - | 396,961 | |
HNA Holding Group Co. Ltd. published this content on 27 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 August 2017 10:27:06 UTC.
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