NutryFarm : 2016-02-12 Financial Statements and Related Announcement::Third Quarter Results

9152ac46-a1f9-4e23-a9fc-fdf46a98a91b.pdf

(Registration No: EC 32308)

QUARTERLY FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT

Financial statements on combined results of the Group for the quarter end of Q3FY2016 as at 31 December 2015. These figures have not been audited.

PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS

1(a)(i) An income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year.

NUTRYFARM INTERNATIONAL LIMITED

Group Income Statement

For the Quarter Ended 31 December 2015 (Expressed in Hong Kong thousand dollars)

Three Months Ended 31.12.2015			Nine Months Ended 31.12.2015
FY2016	FY2015	Change	FY2016	FY2015	Change
HK$'000	HK$'000	%	HK$'000	HK$'000	%
Turnover	20,097	16,329	23	66,194	75,853	(13)
Cost of sales	(8,294)	(6,179)	34	(26,553)	(35,910)	(26)
Gross profit	11,803	10,150	16	39,641	39,943	(1)
Other expenses	(1)	(27)	(96)	250	385	NM
Distribution expenses	(3,820)	(4,215)	(9)	(14,454)	(14,853)	(21)
Administrative expenses	(3,406)	(4,114)	(17)	(11,757)	(13,214)	(11)
Finance costs	(334)	(825)	(60)	(1,021)	(2,203)	(54)
Profit from ordinary activities before	4,242	969	338	12,659	10,058	26
taxation
Income tax	(691)	(72)	860	(2,266)	(1,833)	24
Net profit for the quarter	3,551	897	296	10,393	8,225	26
Attributable to:	1,790	529	4,615	3,940
Equity holders of the Company					238	17
Non-controlling interest	1,761	368	379	5,778	4,285	35
Net profit for the quarter	3,551	897	296	10,393	8,225	26

NM - Not meaningful

1(a)(ii) A consolidated comprehensive income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year.

NUTRYFARM INTERNATIONAL LIMITED

Group Consolidated Comprehensive Income Statement For the Quarter Ended 31 December 2015

(Expressed in Hong Kong thousand dollars)

Three Months Ended 31.12.2015			Nine Months Ended 31.12.2015
FY2016	FY2015	Change	FY2016	FY2015	Change
HK$'000	HK$'000	%	HK$'000	HK$'000	%
Net profit for the quarter	3,551	897	296	10,393	8,225	26
Other comprehensive income/(loss)
Exchange differences on translating foreign operations,	60	(31)	NM	123	256	NM
net of nil tax
Total comprehensive income for the quarter	3,611	866	317	10,516	8,481	24
Attributable to:	1,850	498	4,738	4,196
Equity holders of the Company					271	13
Non-controlling interest	1,761	368	379	5,778	4,285	35
Total comprehensive income for the quarter	3,611	866	317	10,516	8,481	24

NM - Not meaningful

1(b)(i) A balance sheet (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year

NUTRYFARM INTERNATIONAL LIMITED

Balance Sheet

as at 31 December 2015 (Expressed in Hong Kong thousand dollars)

Non-current assets	The Group		The Company
	HK$'000	HK$'000	HK$'000	HK$'000
	As at	As at	As at	As at
	31/12/2015	31/03/2015	31/12/2015	31/03/2015
Interests in subsidiaries	-	-	66,435	66,435
Property, plant and equipment	44,615	47,876	-	-
Intangible assets	51,695	52,595	-	-
Long term prepayment	1,503	1,589	-	-
Land use right	7,259	6,651	-	-
105,072	108,711	66,435	66,435
Current assets
Inventories	22,096	21,976	-	-
Trade receivables	49,176	53,417	-	-
Prepayments, deposits and other receivables	21,394	12,419	35,383	-
Amounts due from subsidiaries	-	-	1,549	1,193
Cash and cash equivalents	67,663	39,081	653	299
160,329	126,893	37,585	1,492
Current liabilities
Trade and other payables	20,303	28,432	4,092	2,462
Short term loan	21,485	25,249	-	-
Tax payable	968	46	-	-
Amount due to subsidiary	-	-	170	135
42,756	53,727	4,262	2,597
Net current assets/(liabilities)	117,573	73,166	33,323	(1,105)
Non-current liabilities	68,005	71,928	-	-
Dividend payable
Net assets/(liabilities)	154,640	109,949	99,758	65,330
Equity	6,428	123,988	6,428	123,988
Share capital
Reserves	111,673	(44,799)	93,330	(58,658)
Total equity attributable to equity holders	118,101	79,189	99,758	65,330
of the Company
Non-controlling interest	36,539	30,760	-	-
Total equity	154,640	109,949	99,758	65,330

1(b)(ii) Aggregate amount of group's borrowings and debt securities.

Amount repayable in one year or less, or on demand

As at 31/12/2015 In HK$'000		As at 31/03/2015 In HK$'000
Secured	Unsecured	Secured	Unsecured
21,485	-	25,249	-

Amount repayable after one year

As at 31/12/2015 In HK$'000		As at 31/03/2015 In HK$'000
Secured	Unsecured	Secured	Unsecured
-	-	-	-

Not Applicable