GREAT CHINA<00141> - Results Announcement
Great China Holdings Limited announced on 28/03/2006:
(stock code: 00141 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ($ ) ($ )
Turnover : 1,580,394,018 1,345,174,865
Profit/(Loss) from Operations : 48,578,043 46,070,274
Finance cost : (7,002,661) (8,254,804)
Share of Profit/(Loss) of
Associates : (4,481,624) 1,456,039
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 30,182,799 34,243,457
% Change over Last Period : -11.86 %
EPS/(LPS)-Basic (in dollars) : 0.1153 0.1309
-Diluted (in dollars) : 0.1153 0.1309
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 30,182,799 34,243,457
Final Dividend : $0.01 $0.01
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 17/05/2006 to 19/05/2006 bdi.
Payable Date : 25/05/2006
B/C Dates for Annual
General Meeting : 17/05/2006 to 19/05/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. SIGNIFICANT CHANGES IN ACCOUNTING POLICIES
In 2005, the Group adopted the new/revised standards and interpretations
of Hong Kong Financial Reporting Standards below, which are relevant to
its operations. The 2004 comparatives have been amended as required, in
accordance with the relevant requirements.
HKAS 1 Presentation of Financial Statements
HKAS 2 Inventories
HKAS 7 Cash Flow Statements
HKAS 8 Accounting Policies, Changes in Accounting Estimates and
Errors
HKAS 10 Events after the Balance Sheet Date
HKAS 16 Property, Plant and Equipment
HKAS 17 Leases
HKAS 21 The Effects of Changes in Foreign Exchange Rates
HKAS 23 Borrowing Costs
HKAS 24 Related Party Disclosures
HKAS 27 Consolidated and Separate Financial Statements
HKAS 28 Investments in Associates
HKAS 32 Financial Instruments: Disclosures and Presentation
HKAS 33 Earnings per Share
HKAS 36 Impairment of Assets
HKAS 38 Intangible Assets
HKAS 39 Financial Instruments: Recognition and Measurement
HKAS 39 Amendment Transition and Initial Recognition of Financial
Assets and Financial Liabilities
HKAS 40 Investment Property
HKAS-Int 15 Operating leases - Incentives
HKAS-Int 21 Income Taxes - Recovery of Revalued Non-Depreciated Assets
HKFRS 3 Business Combinations
2. PROFIT FROM OPERATIONS
Profit from Operations is arrived at after (charging)/crediting the
following items:
Restated
2005 2004
HK$ HK$
Fair value gains on investment properties 31,824,000 -
(Loss)/gain on foreign exchange forward contracts
(transactions not qualifying as hedges) (11,355,856) 243,868
Write-back of provision upon disposal of
non-trading securities - 11,756,250
3. EARNINGS PER SHARE
Basic
Basic earnings per share are calculated by dividing the profit
attributable to the equity holders of the Company by the weighted average
number of ordinary shares in issue during the year.
Restated
2005 2004
HK$ HK$
Profit attributable to equity holders of the Company
30,182,799 34,243,457
Weighted average number of ordinary shares in issue
261,684,910 261,684,910
Basic earnings per share 0.1153 0.1309
Diluted
Diluted earnings per share were the same as basic earnings per share since
the Company has no dilutive potential ordinary share.
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