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NOBLE CENTURY INVESTMENT HOLDINGS LIMITED仁 瑞 投 資 控 股 有 限 公 司
(incorporated in Bermuda with limited liability)
(Stock Code: 2322) ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 MARCH 2017The board of directors (the "Board") of Noble Century Investment Holdings Limited (the "Company") is pleased to announce the results of the Company and its subsidiaries (together, the "Group") for the year ended 31 March 2017, together with comparative figures for the previous financial year, as follows:
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE YEAR ENDED 31 MARCH 2017
2017 | 2016 | ||
Note | HK$'000 | HK$'000 | |
Revenue | 3 | 2,137,192 | 1,373,585 |
Cost of sales | 6 | (2,091,279) | (1,354,488) |
Gross profit | 45,913 | 19,097 | |
Other income | 5 | 1,669 | 516 |
Gain on disposal of a subsidiary | - | 835 | |
Gain on bargain purchase | 6,263 | - | |
(Loss)/gain on changes in fair value of held-for-trading investments | (10,860) | 5,540 | |
Loss on changes in fair value of other financial asset | (2,598) | - | |
Impairment loss on property, plant and equipment | - | (9,652) | |
Impairment loss on other receivable | (9,229) | (1,216) | |
Impairment loss on goodwill | (1,074) | - | |
Administrative expenses | 6 | (40,850) | (30,292) |
Operating loss | (10,766) | (15,172) | |
Finance costs | 7 | (1,412) | (720) |
Loss before taxation | (12,178) | (15,892) | |
Taxation charge | 8 | (6,880) | (2,680) |
Loss for the year | (19,058) | (18,572) |
2017 | 2016 | |||
Note | HK$'000 | HK$'000 | ||
Other comprehensive income: | ||||
Items that may be reclassified subsequently to profit or loss: | ||||
- Exchange differences arising on translation | (31,736) | (14,186) | ||
Total comprehensive loss for the year | (50,794) | (32,758) | ||
(Loss)/Profit for the year attributable to: | ||||
Owners of the Company | (17,693) | (18,754) | ||
Non-controlling interests | (1,365) | 182 | ||
Loss for the year | (19,058) | (18,572) | ||
Total comprehensive (loss)/income for the year attributable to: | ||||
Owners of the Company | (49,238) | (32,827) | ||
Non-controlling interests | (1,556) | 69 | ||
Total comprehensive loss for the year | (50,794) | (32,758) | ||
Restated | ||||
Basic and diluted losses per share | 10 | HK(0.48) cents | HK(0.82) cents |
AS AT 31 MARCH 2017
2017 | 2016 | |||
Note | HK$'000 | HK$'000 | ||
ASSETS | ||||
Non-current assets | ||||
Property, plant and equipment | 103,108 | 132,315 | ||
Investment property | 11,400 | - | ||
Goodwill | 1,000 | 1,000 | ||
Other financial asset | 3,125 | - | ||
Finance lease payment receivables | 11 | 84,576 | 70,322 | |
Loan receivables | 14 | 27,736 | 441 | |
230,945 | 204,078 | |||
Current assets | ||||
Inventories | 12,423 | 668 | ||
Trade receivables | 12 | 421,749 | 22,790 | |
Bills receivable | - | 62,369 | ||
Deposits, prepayments and other receivables | 13 | 126,215 | 285,406 | |
Other financial asset | 540 | - | ||
Held-for-trading investments | 64,100 | 61,955 | ||
Finance lease payment receivables | 11 | 73,956 | 13,639 | |
Loan receivables | 14 | 84,510 | 5,133 | |
Tax recoverable | 246 | - | ||
Restricted bank deposits | 40,935 | - | ||
Cash and bank balances | 98,144 | 499,817 | ||
922,818 | 951,777 | |||
Total assets | 1,153,763 | 1,155,855 | ||
EQUITY | ||||
Capital and reserves | ||||
Share capital | 15 | 73,612 | 73,612 | |
Reserves | 754,181 | 804,073 | ||
Total equity attributable to owners of the Company | 827,793 | 877,685 | ||
Non-controlling interests | 17,254 | 87 | ||
Total equity | 845,047 | 877,772 |
Noble Century Investment Holdings Ltd. published this content on 28 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 June 2017 00:29:07 UTC.
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