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RESULTS(Incorporated in Hong Kong with limited liability)
(Stock Code: 666)
ANNOUNCEMENT OF 2016 RESULTSThe Board of Directors (the "Board") of SHK Hong Kong Industries Limited (the "Company") announces that the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31st December, 2016 are as follows:
CONSOLIDATED INCOME STATEMENTFor the year ended 31st December, 2016
Notes | 2016 HK$'000 | 2015 HK$'000 | |
Revenue | 3 | 19,026 | 33,783 |
Other net loss | 4 | (48,190) | (67,908) |
Administrative and other operating expenses | 7 | (30,348) | (70,690) |
Finance costs | 5 | - | (13) |
Loss on disposal of joint ventures | 6 | (14,067) | - |
Share of loss of joint ventures | - | (540) | |
Share of (loss)/profit of associates | (9) | 1,825 | |
Loss before income tax | 7 | (73,588) | (103,543) |
Income tax expense | 8 | - | - |
Loss for the year | (73,588) | (103,543) | |
(Loss)/profit for the year attributable to: | |||
Owners of the Company | (73,565) | (103,989) | |
Non-controlling interests | (23) | 446 | |
(73,588) | (103,543) | ||
Loss per share attributable to the owners of the Company (HK cents) | 10 | ||
- Basic | (1.79) | (2.53) | |
- Diluted | (1.79) | (2.53) |
For the year ended 31st December, 2016
2016 2015 HK$'000 HK$'000Loss for the year (73,588) (103,543)
Other comprehensive (expenses)/incomeChange in fair value of available-for-sale financial assets | (32) | 2,119 |
Reclassification adjustment for realisation upon redemption/ | ||
disposal of available-for-sale financial assets | (906) | (3,917) |
Share of other comprehensive income of joint ventures | - | 21 |
Share of other comprehensive expenses of an associate | (253) | (187) |
the year attributable to: | ||
Owners of the Company | (74,645) | (105,872) |
Non-controlling interests | (134) | 365 |
As at 31st December, 2016
Notes | 2016 HK$'000 | 2015 HK$'000 | |
ASSETS AND LIABILITIES | |||
Non-current assets | |||
Interests in associates | 3,880 | 4,311 | |
Amount due from an associate | 8,609 | 8,569 | |
Available-for-sale financial assets | 11 | 385,350 | 160,120 |
397,839 | 173,000 | ||
Current assets Available-for-sale financial assets | 11 | - | 49,158 |
Other receivables and prepayment | 443 | 25,809 | |
Amounts due from joint ventures | - | 5,143 | |
Financial assets at fair value through profit or loss | 12 | 551,607 | 672,382 |
Security deposits | - | 6,290 | |
Cash and cash equivalents | 245,222 | 313,909 | |
797,272 | 1,072,691 | ||
Current liabilities | |||
Other payables and accrued expenses | 23,753 | 1,337 | |
Amount due to a holding company | 317 | 328 | |
Amount due to a fellow subsidiary | 5,393 | 5,091 | |
Financial liabilities at fair value through profit or loss | 13 | 10,454 | 8,962 |
39,917 | 15,718 | ||
Net current assets | 757,355 | 1,056,973 | |
Total assets less current liabilities | 1,155,194 | 1,229,973 | |
Net assets | 1,155,194 | 1,229,973 |
As at 31st December, 2016
Notes | 2016 HK$'000 | 2015 HK$'000 | |
EQUITY | |||
Equity attributable to the owners of the Company | |||
Share capital | 918,978 | 918,978 | |
Reserves | 235,302 | 309,947 | |
1,154,280 | 1,228,925 | ||
Non-controlling interests | 914 | 1,048 | |
Total equity | 1,155,194 | 1,229,973 | |
Net asset value per share attributable to the owners of the Company (HK$) | 14 | 0.28 | 0.30 |
SHK Hong Kong Industries Limited published this content on 16 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 March 2017 15:08:16 UTC.
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