TA YANG GROUP 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.
TA YANG GROUP HOLDINGS LIMITED大 洋 集 團 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1991) INTERIM FINANCIAL INFORMATION FOR THE SIX MONTHS ENDED 31 JANUARY 2017 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSSFOR THE SIX MONTHS ENDED 31 JANUARY 2017
Six months ended 31 January | ||||
2017 | 2016 | |||
Notes | HK$'000 | HK$'000 | ||
(Unaudited) | (Unaudited) | |||
Revenue | 4 | 195,354 | 222,123 | |
Cost of sales | (140,215) | (179,199) | ||
Gross profit | 55,139 | 42,924 | ||
Other operating income | 15,170 | 11,767 | ||
Selling and distribution expenses | (18,487) | (14,334) | ||
Administrative expenses | (69,910) | (38,033) | ||
Other expenses | (11,740) | (39,607) | ||
Share of results of associates | (579) | - | ||
Finance costs | 6 | (2,504) | (322) | |
Loss before tax | (32,911) | (37,605) | ||
Income tax credit | 7 | 108 | 846 | |
Loss for the period | 8 | (32,803) | (36,759) | |
Loss for the period attributable to: | ||||
Owners of the Company | (32,122) | (36,759) | ||
Non-controlling interests | (681) | - | ||
(32,803) | (36,759) | |||
Loss per share | 9 | |||
Basic | (HK 3.74 cents) | (HK 4.71 cents) | ||
Diluted | (HK 3.74 cents) | (HK 4.71 cents) | ||
FOR THE SIX MONTHS ENDED 31 JANUARY 2017
Six months ended 31 January | |||
2017 | 2016 | ||
HK$'000 | HK$'000 | ||
(Unaudited) | (Unaudited) | ||
Loss for the period | (32,803) | (36,759) | |
Other comprehensive income (expenses) | |||
Items that will not be reclassified subsequently to profit or loss: | |||
Gain on revaluation of properties | - | 9,325 | |
Gain on revaluation of prepaid lease payments | - | 8,290 | |
- | 17,615 | ||
Items that may be reclassified subsequently to profit or loss: | |||
Exchange differences arising on translating foreign operations | (9,276) | (13,378) | |
Release of exchange reserves upon deregistration/ disposal of subsidiaries | - | (2,791) | |
(9,276) | (16,169) | ||
Available-for-sale financial assets | |||
Net gain (loss) arising on revaluation of available-for-sale financial assets for the period | 9,780 | (189) | |
Reclassification adjustments for impairment loss included in the condensed consolidated statement of profit or loss | 432 | 870 | |
10,212 | 681 | ||
Share of other comprehensive expenses of associates | |||
Share of exchange difference of associates | (66) | - | |
(66) | - | ||
Other comprehensive income for the period, net of tax | 870 | 2,127 | |
Total comprehensive expenses for the period, net of tax | (31,933) | (34,632) | |
Total comprehensive expenses for the period, net of tax, attributable to: | |||
Owners of the Company | (31,243) | (34,632) | |
Non-controlling interests | (690) | - | |
(31,933) | (34,632) | ||
AS AT 31 JANUARY 2017
31/1/2017 | 31/7/2016 | |||
Notes | HK$'000 | HK$'000 | ||
(Unaudited) | (Audited) | |||
Non-current assets | ||||
Property, plant and equipment | 11 | 248,431 | 68,927 | |
Construction in progress | 12 | 1,154 | - | |
Prepaid lease payments | 12 | 226,487 | 7,107 | |
Investment properties | 87,609 | 89,935 | ||
Available-for-sale financial assets | 34,778 | 24,539 | ||
Interests in associates | 2,271 | 2,916 | ||
Deposits for acquisition of land use rights | 13 | 13,037 | 12,066 | |
613,767 | 205,490 | |||
Current assets | ||||
Deposits for acquisition of properties | - | 41,469 | ||
Inventories | 31,401 | 29,809 | ||
Trade and other receivables | 14 | 158,954 | 111,014 | |
Prepaid lease payments | 12 | 4,717 | 232 | |
Amount due from an associate | 65 | 65 | ||
Income tax recoverable | 12 | 4 | ||
Held-to-maturity investments | 15 | 19,098 | - | |
Held-for-trading investments | 1,030 | 3,668 | ||
Structured deposits with banks | - | 17,261 | ||
Short-term bank deposits | - | 4,640 | ||
Bank balances and cash | 129,434 | 154,094 | ||
344,711 | 362,256 | |||
Current liabilities | ||||
Trade and other payables | 16 | 91,333 | 77,780 | |
Derivative financial instruments | 6,522 | 11,753 | ||
Amount due to an associate | 913 | 538 | ||
Income tax payable | 20,309 | 20,747 | ||
Bank and other borrowings | 17 | 67,097 | 33,282 | |
186,174 | 144,100 | |||
Net current assets | 158,537 | 218,156 | ||
Total assets less current liabilities | 772,304 | 423,646 | ||
31/1/2017 | 31/7/2016 | |||
Notes | HK$'000 | HK$'000 | ||
(Unaudited) | (Audited) | |||
Capital and reserves | ||||
Share capital | 18 | 87,118 | 78,473 | |
Reserves | 404,167 | 332,036 | ||
Equity attributable to owners of the Company | 491,285 | 410,509 | ||
Non-controlling interests | 45 | 653 | ||
Total equity | 491,330 | 411,162 | ||
Non-current liabilities | ||||
Bank and other borrowings | 17 | 268,940 | - | |
Deferred income | 3,551 | 3,668 | ||
Deferred tax liabilities | 8,483 | 8,816 | ||
280,974 | 12,484 | |||
772,304 | 423,646 | |||
TA Yang Group Holdings 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 09:18:10 UTC.
Original documenthttp://www.irasia.com/listco/hk/tayang/announcement/a171728-ew01991_ann.pdf
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