GREAT WALL PAN ASIA 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.
The Directors of SCMP Group Limited (the "Company") are pleased to announce the consolidated final results of the Company and its group of companies (the "Group") for the year ended 31 December 2015 as follows:
31 December | 31 December | |||
2015 | 2014 | |||
Notes | HK$'000 | HK$'000 | ||
ASSETS | ||||
Non-current assets | ||||
Property, plant and equipment | 3 | 96,954 | 530,526 | |
Investment properties | 4 | 1,923,400 | 1,732,000 | |
Intangible assets | - | 160,162 | ||
Investment in associates | 4,350 | 43,203 | ||
Available-for-sale financial assets | 114,738 | 184,687 | ||
Defined benefit plan's assets | - | 73,964 | ||
Deferred income tax assets | - | 6,875 | ||
2,139,442 | 2,731,417 | |||
Current assets | ||||
Inventories | - | 19,823 | ||
Accounts receivable | 5 | - | 290,906 | |
Prepayments, deposits and other receivables | 2,341 | 26,873 | ||
Amount due from an associate | - | 124 | ||
Available-for-sale financial asset | 24,522 | - | ||
Cash and bank balances | 39,487 | 464,137 | ||
66,350 | 801,863 | |||
Assets of disposal group classified as held for sale | 9 | 1,526,228 | - | |
1,592,578 | 801,863 | |||
Total assets | 3,732,020 | 3,533,280 | ||
31 December | 31 December | ||
2015 | 2014 | ||
Notes | HK$'000 | HK$'000 | |
EQUITY | |||
Capital and reserves | |||
Share capital | 6 | 156,106 | 156,106 |
Other reserves | 3,161,849 | 2,960,377 | |
Shareholders' funds | 3,317,955 | 3,116,483 | |
Non-controlling interests | 56,534 | 53,396 | |
Total equity | 3,374,489 | 3,169,879 | |
LIABILITIES | ||||
Non-current liabilities | ||||
Deferred income tax liabilities | 17,959 | 85,566 | ||
17,959 | 85,566 | |||
Current liabilities | ||||
Accounts payable and accrued liabilities | 7 | 40,461 | 232,363 | |
Amounts due to associates | 2,290 | 2,672 | ||
Subscriptions in advance | - | 26,432 | ||
Current income tax liabilities | 506 | 9,328 | ||
Loans from a non-controlling shareholder | - | 7,040 | ||
43,257 | 277,835 | |||
Liabilities of disposal group classified as held for sale | 9 | 296,315 | - | |
339,572 | 277,835 | |||
Total liabilities | 357,531 | 363,401 | ||
Total equity and liabilities | 3,732,020 | 3,533,280 | ||
Year ended 31 December | ||||
2015 | 2014 | |||
Notes | HK$'000 | HK$'000 | ||
(Restated) | ||||
CONTINUING OPERATIONS Revenue | 2 | 52,833 | 46,956 | |
Other income | 2,149 | 1,845 | ||
Cost of production | (4,946) | (4,666) | ||
Rental and utilities | (4,141) | (3,234) | ||
Depreciation and amortisation | (5,205) | (5,189) | ||
Other operating expenses | (3,903) | (2,822) | ||
Fair value gain on investment properties | 191,400 | 11,400 | ||
Operating profit of continuing operations | 228,187 | 44,290 | ||
Net finance income | 1,496 | 1,495 | ||
Share of losses of associates | (4,919) | (9,365) | ||
Gain on partial disposal of interests in an associate | 65,158 | - | ||
Profit before income tax from continuing operations | 289,922 | 36,420 | ||
Income tax expense | 8 | (4,820) | (4,665) | |
Profit for the year from continuing operations DISCONTINUED OPERATIONS Profit for the year from discontinued operations | 9 | 285,102 50,438 | 31,755 127,882 | |
Profit for the year | 335,540 | 159,637 | ||
Year ended 31 December | |||
2015 | 2014 | ||
HK$'000 | HK$'000 | ||
(Restated) | |||
Other comprehensive (loss)/income | |||
Item that will not be reclassified subsequently to profit or loss: | |||
Remeasurement of defined benefit plan obligation | (4,835) | 20,782 | |
Share of remeasurement of defined benefit plan obligation of an associate | (721) | (371) | |
(5,556) | 20,411 | ||
Items that may be reclassified subsequently to profit or loss: | |||
Fair value loss on available-for-sale financial assets | (45,419) | (47,146) | |
Currency translation difference | 304 | 145 | |
Currency translation difference released upon partial disposal of interests in an associate | 15,425 | - | |
(29,690) | (47,001) | ||
Other comprehensive loss for the year, net of tax | (35,246) | (26,590) | |
Total comprehensive income for the year | 300,294 | 133,047 | |
SCMP Group Limited issued this content on 14 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 March 2016 09:10:11 UTC
Original Document: http://scmpgroup.com/sites/default/files/E_Final Results Announcement 2015_20150314 with dividend.pdf
