Trillion Grand Corporate Company Limited

萬泰企業股份有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8103) FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (THE "GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the main board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and the Stock Exchange 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.

This announcement, for which the directors (the "Directors") of Trillion Grand Corporate Company Limited (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

RESULTS

The board of Directors (the "Board") presents the audited consolidated financial statements of the Group for the year ended 31 March 2017, together with the audited comparative figures for the corresponding year in 2016.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the year ended 31 March 2017

2017

2016

Notes

HK$'000

HK$'000

(Re-presented)

Turnover

4

183,657

103,016

Continuing operations

Revenue

4

36,116

63,289

Other income and gains

5

5,937

34,684

Subcontractors costs

(26,699

(61,288

Other expenses

(19,469

(17,883

Impairment loss on trade and other receivables

(8,266

(1,515

Impairment loss on financial assets at fair value through profit or loss

(4,582

-

Gain on change in fair value of investment property

17,099

-

Loss on disposal of available-for-sale investments

-

(664

Loss on disposal of financial assets at fair value through profit or loss

(7,217

(22,498

Net loss on change in fair value of financial assets at fair value through profit or loss

(15,211

(139

Finance costs

7

(9,696

(8,025

Depreciation of plant and equipment

(671

(871

Amortisation of intangible assets

(296

-

Staff costs, including Directors' emoluments

(5,908

(4,835

Share of profit of an associate

-

20

Loss before tax

(38,863

(19,725

Income tax expenses

8

(457

(11

Loss for the year from continuing operations

9a

(39,320

(19,736

Discontinued operation

Loss for the year from discontinued operation

9b

-

(66

Loss for the year

(39,320

(19,802

Other comprehensive income

Item that will not be reclassified subsequently to profit or loss:

Exchange difference arising on translation of foreign operations

1,843

2,206

Total comprehensive expenses for the year

(37,477

(17,596

) ) ) ) ) ) )

)

) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

)

) ) ) )

2017

2016

Notes

HK$'000

HK$'000

(Re-presented)

Loss for the year attributable to owners of the Company

- from continuing operations

(39,686

(19,736

- from discontinued operations

-

(66

Loss for the year attributable to owners of the Company

(39,686

(19,802

Loss for the year attributable to non-controlling interest

- from continuing operations

366

-

- from discontinued operations

-

-

Loss for the year attributable to non-controlling interest

366

-

(39,320

(19,802

Total comprehensive income for the year attributable to:

Owners of the Company

(37,843

(17,596

Non-controlling interest

366

-

(37,477

(17,596

Loss per share

11

From continuing and discontinued operations

- Basic and diluted

HK35 cents

HK26 cents

From continuing operations

- Basic and diluted

HK35 cents

HK26 cents

) )

)

) ) ) ) ) ) ) ) CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 31 March 2017

2017

2016

Notes

HK$'000

HK$'000

(Re-presented)

Non-current Assets

Plant and equipment

3,500

3,949

Investment property

145,000

-

Goodwill

9,810

-

Investment in an associate

-

-

Intangible asset

4,138

-

Available-for-sale investments

6,600

6,600

169,048

10,549

Current Assets

Trade and other receivables

12

39,467

35,527

Loan receivables

10,000

3,000

Disposal receivables

-

11,400

Deposit paid for acquisition of investment

-

15,796

Deposits and prepayments

4,778

12,865

Amounts due from customers for contract work

7,972

7,311

Financial assets at fair value through profit or loss

84,357

3,465

Pledged bank balance

5,530

-

Bank balances and cash

6,074

26,986

158,178

116,350

Current Liabilities

Amounts due to customers for contract work

7,397

8,619

Trade and other payables

13

86,109

86,058

Receipts in advance

1,518

1,269

Bank and other borrowings

14

212,165

-

Tax payable

4,722

4,397

311,911

100,343

Net Current (Liabilities)/Assets

(153,733

16,007

Total Assets less Current Liabilities

15,315

26,556

)

Trillion Grand Corporate Company Ltd. published this content on 13 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2017 04:08:04 UTC.

Original documenthttp://www.trilliongrand.com/uploads/gallery_item/file/2822/GLN20170613113.pdf

Public permalinkhttp://www.publicnow.com/view/5A9E87C2E99307C2A1AA0C799742E5882126AF33