HK FERRY (HOLD)<00050> - Results Announcement
Hong Kong Ferry (Holdings) Co. Limited announced on 15/03/2006:
(stock code: 00050 )
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 ('Million ) ('Million )
Turnover : 764.13 993.90
Profit/(Loss) from Operations : 229.45 339.59
Finance cost : N/A N/A
Share of Profit/(Loss) of
Associates : (0.01) 2.04
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 243.19 327.81
% Change over Last Period : -25.8 %
EPS/(LPS)-Basic (in dollars) : 0.683 0.92
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 243.19 327.81
Final Dividend : 24 cents 24 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 25/04/2006 to 27/04/2006 bdi.
Payable Date : 12/05/2006
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. Calculation of basic earnings per share: -
The calculation of basic earnings per share is based on a profit of HK$
243,191,000 (2004 (restated): HK$327,805,000) and 356,273,883 (2004: 356,
273,883) ordinary shares in issue during the year. There was no potential
dilution of earnings per share during 2004 and 2005.
2. Explanation for any change or adjustment of the last corresponding
results
The accounting policies of the Group and/or the Company after the adoption
of certain new and revised HKFRSs.
The following tables disclose the adjustments that have been made in
accordance with the transitional provisions of the respective HKFRSs to
each of the line items affected in the consolidated profit and loss
account and other significant related disclosure items as previously
reported for the year ended 31 December 2004.
Restatement of prior periods and opening balances
Effect on the consolidated profit and loss account for the year ended 31
December 2004
Effect of new policy (increase / (decrease) in profit for the year)
HKAS 17 HKAS 16 & 17 HKAS 40 HKAS 1
(note 2(c)) (note 2(d)) (note 2(e))(note 2(g)) Total
HK$'000 HK$'000 HK$'000 HK$'000 HK$'000
Cost of sales - - (70,655) - (70,655)
Other net income - - (1,787) - (1,787)
Revaluation gains on
investment properties - - 12,515 - 12,515
Other operating expenses- (1,594) - - (1,594)
Share of results of associates
- - - (531) (531)
Taxation - - (3,740) 531 (3,209)
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Profit attributable to
shareholders - (1,594) (63,667) - (65,261)
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Basic earnings per share (cent)
- (0.4) (17.9) - (18.3)
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Other significant disclosure items
Amortisation of leasehold land
premium (1,760) - - - (1,760)
Depreciation 1,760 (1,618) - - 142
Cost of inventories - - (70,655) - (70,655)
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