UNIVERSAL APPLI<00419> - Results Announcement (Summary)
Universal Appliances Limited announced on 27/9/2002:
(stock code: 419)
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee
(Unaudited)
(Unaudited) Last
Current Corresponding
Period Period
from 1/1/2002 from 1/1/2001
to 30/6/2002 to 30/6/2001
('000) ('000)
Turnover : 42,563 69,220
Profit/(Loss) from Operations : (26,938) (53,979)
Finance cost : (1,049) (851)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : (212) (483)
Profit/(Loss) after Tax & MI : (6,684) (41,360)
% Change over Last Period : N/A
EPS/(LPS)-Basic : (0.24 cent) (1.50 cents)
-Diluted : - -
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : (6,684) (41,360)
Interim Dividend per Share : NIL NIL
(Specify if with other options) : - -
B/C Dates for Interim Dividend : -
Payable Date : -
B/C Dates for (-) General Meeting : -
Other Distribution for Current Period : -
B/C Dates for Other Distribution : -
Remarks:
1. Operating loss
Operating loss is stated after charging the following:
Six months ended 30th June
2002 2001
HK$'000 HK$'000
Charging
Depreciation:
Owned fixed assets 9,382 6,091
Leased fixed assets 61 20
Amortisation of goodwill 994 1,252
Amortisation of development
costs, patents and trademarks 4,251 4,322
Provision for inventory - 4000
Provision for doubtful debts 225 10,149
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2. Taxation
Hong Kong profits tax has not been provided (2001: nil) as the Group did
not generate any assessable profits arising in Hong Kong for the period.
Overseas profits tax has not been provided (2001: nil) as the foreign
subsidiaries did not generate any assessable profits attributable to their
operations in their operations in their respective countries of operation
or are still exempted from income tax during the year.
No deferred tax has been provided for the Company and the Group because
there were no significant timing differences at the balance sheet date.
3. Loss per share
The calculation of basic loss per share for the period ended 30th June
2002 is based on the net loss attributable to shareholders of HK$6,684,000
(2001: net loss of HK$41,360,000) and the weighted average number of
2,774,293,157 (2001: 2,774,293,157) ordinary shares deemed to have been in
issue during the period.
There were no dilutive potential ordinary shares in 2001 and 2002 and
therefore, no diluted loss per share for the period is shown.
4. Staff costs
Six months ended 30th June
2002 2001
HK$'000 HK$'000
Salaries 18,191 18,410
MPF Contributions 1,121 973
-------- -------
19,312 19,383
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5. Dividend
The Directors do not recommend any payment of interim dividend for the
period. (2001: Nil)
6. Discontinued operation
The Company does not have any discontinued operation during the period.
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