I-CABLE COMM<01097> - Results Announcement
i-Cable Communications Limited announced on 02/03/2006:
(stock code: 01097 )
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 ('000 ) ('000 )
Turnover 1 : 2,440,732 2,371,727
Profit/(Loss) from Operations 2 : 279,551 295,717
Finance cost : (134) (238)
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 : 582,454 284,337
% Change over Last Period : +104.85 %
EPS/(LPS)-Basic (in dollars) 3 : 0.288 0.141
-Diluted (in dollars) 3 : 0.288 0.141
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 582,454 284,337
Final Dividend : 5 cents 4.5 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 15/05/2006 to 22/05/2006 bdi.
Payable Date : 29/05/2006
B/C Dates for Annual
General Meeting : 15/05/2006 to 22/05/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
(1) The turnover of HK$2,441 million for the year ended 31st December,
2005 and HK$2,372 million for the previous year were both generated from
continuing operations.
(2) The profit from operations of HK$280 million for the year ended
31st December, 2005 and HK$296 million for the previous year were both
generated from continuing operations. Profit from operations was arrived
at after charging/(crediting):
2005 2004
HK$'000 HK$'000
Depreciation
- assets held for use under operating
leases 48,704 59,211
- other assets 431,885 472,902
Amortisation of programming library 79,624 92,860
Staff costs 716,751 669,959
Cost of inventories 18,499 21,866
Rentals payable under operating leases
in respect of land and buildings 43,790 41,160
Contribution to defined contribution retirement
plans 28,423 26,700
Auditors' remuneration
- audit services 2,440 2,147
- other services 860 899
Dividend income from investment in equity
securities (3,833) -
Rentals receivable under operating leases
in respect of:
- sub-leased land and buildings (4,822) (4,725)
- owned plant and machinery (99,498) (93,733)
Net gain on disposal of property, plant and
equipment (804) (1,499)
___________ _________
(3) The calculation of basic earnings per share was based on the
profit attributable to shareholders of HK$582 million (2004: HK$284
million) and the weighted average number of ordinary shares in issue
during the year of 2,019,234,400 (2004: 2,019,234,400).
The calculation of diluted earnings per share was based on the weighted
average number of ordinary shares of 2,019,234,400 (2004: 2,019,234,400)
after adjusting for the effects of all dilutive potential ordinary shares.
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