HAYWOOD INV<00905> - Results Announcement
Haywood Investment Limited announced on 28/4/2004:
(stock code: 00905 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 1/1/2003 from 1/1/2002
to 31/12/2003 to 31/12/2002
Note ('000 ) ('000 )
Turnover : 4 876
Profit/(Loss) from Operations : (11,799) (27,075)
Finance cost : (61) (148)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : (11,808) (27,223)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : (0.0856) (0.236)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : (11,808) (27,223)
Final Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Basis of preparation
These results have been prepared in accordance with all applicable Hong
Kong Financial Reporting Standards, which include all applicable
Statements of Standard Accounting Practice ("SSAPs") and Interpretations,
issued by the Hong Kong Society of Accountants ("HKSA") and the disclosure
requirements of the Hong Kong Companies Ordinance. The financial
statements also comply with the applicable disclosure provisions of the
Rules Governing the Listing of Securities on the Stock Exchange. The
financial statements are prepared under the historical cost convention as
modified by the revaluation of certain investments in securities.
In the current year, the Group has adopted, for the first time, SSAP 12
(Revised) Income Taxes issued by the HKSA. The adoption of SSAP 12
(Revised) has not resulted in any significant change to the current and
prior years' net assets and results and accordingly, no prior year
adjustment is required.
2. Included in loss from operations are the following material items
:-
2003 2002
HK$'000 HK$'000
Impairment loss recognised in respect of
investments in securities 8,800 20,995
Loss on disposal of listed investments
1,014 48
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3. Loss per share
The calculation of the loss per share is based on the loss for the year of
HK$11,808,000 (2002: HK$27,223,000) and on the weighted average number of
137,884,932 (2002: 115,342,466) shares in issue during the year.
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