萬泰企業股份有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8103) FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 MARCH 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (THE "GEM") OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the main board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
This announcement, for which the directors (the "Directors") of Trillion Grand Corporate Company Limited (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
RESULTSThe board of Directors (the "Board") presents the audited consolidated financial statements of the Group for the year ended 31 March 2017, together with the audited comparative figures for the corresponding year in 2016.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the year ended 31 March 2017
2017 | 2016 | |||||
Notes | HK$'000 | HK$'000 | ||||
(Re-presented) | ||||||
Turnover | 4 | 183,657 | 103,016 | |||
Continuing operations | ||||||
Revenue | 4 | 36,116 | 63,289 | |||
Other income and gains | 5 | 5,937 | 34,684 | |||
Subcontractors costs | (26,699 | (61,288 | ||||
Other expenses | (19,469 | (17,883 | ||||
Impairment loss on trade and other receivables | (8,266 | (1,515 | ||||
Impairment loss on financial assets at fair value through profit or loss | (4,582 | - | ||||
Gain on change in fair value of investment property | 17,099 | - | ||||
Loss on disposal of available-for-sale investments | - | (664 | ||||
Loss on disposal of financial assets at fair value through profit or loss | (7,217 | (22,498 | ||||
Net loss on change in fair value of financial assets at fair value through profit or loss | (15,211 | (139 | ||||
Finance costs | 7 | (9,696 | (8,025 | |||
Depreciation of plant and equipment | (671 | (871 | ||||
Amortisation of intangible assets | (296 | - | ||||
Staff costs, including Directors' emoluments | (5,908 | (4,835 | ||||
Share of profit of an associate | - | 20 | ||||
Loss before tax | (38,863 | (19,725 | ||||
Income tax expenses | 8 | (457 | (11 | |||
Loss for the year from continuing operations | 9a | (39,320 | (19,736 | |||
Discontinued operation | ||||||
Loss for the year from discontinued operation | 9b | - | (66 | |||
Loss for the year | (39,320 | (19,802 | ||||
Other comprehensive income | ||||||
Item that will not be reclassified subsequently to profit or loss: | ||||||
Exchange difference arising on translation of foreign operations | 1,843 | 2,206 | ||||
Total comprehensive expenses for the year | (37,477 | (17,596 |
)
) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ))
) ) ) )2017 | 2016 | |||||
Notes | HK$'000 | HK$'000 | ||||
(Re-presented) | ||||||
Loss for the year attributable to owners of the Company | ||||||
- from continuing operations | (39,686 | (19,736 | ||||
- from discontinued operations | - | (66 | ||||
Loss for the year attributable to owners of the Company | (39,686 | (19,802 | ||||
Loss for the year attributable to non-controlling interest | ||||||
- from continuing operations | 366 | - | ||||
- from discontinued operations | - | - | ||||
Loss for the year attributable to non-controlling interest | 366 | - | ||||
(39,320 | (19,802 | |||||
Total comprehensive income for the year attributable to: | ||||||
Owners of the Company | (37,843 | (17,596 | ||||
Non-controlling interest | 366 | - | ||||
(37,477 | (17,596 | |||||
Loss per share | 11 | |||||
From continuing and discontinued operations | ||||||
- Basic and diluted | HK35 cents | HK26 cents | ||||
From continuing operations | ||||||
- Basic and diluted | HK35 cents | HK26 cents |
)
) ) ) ) ) ) ) ) CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAt 31 March 2017
2017 | 2016 | ||||
Notes | HK$'000 | HK$'000 | |||
(Re-presented) | |||||
Non-current Assets | |||||
Plant and equipment | 3,500 | 3,949 | |||
Investment property | 145,000 | - | |||
Goodwill | 9,810 | - | |||
Investment in an associate | - | - | |||
Intangible asset | 4,138 | - | |||
Available-for-sale investments | 6,600 | 6,600 | |||
169,048 | 10,549 | ||||
Current Assets | |||||
Trade and other receivables | 12 | 39,467 | 35,527 | ||
Loan receivables | 10,000 | 3,000 | |||
Disposal receivables | - | 11,400 | |||
Deposit paid for acquisition of investment | - | 15,796 | |||
Deposits and prepayments | 4,778 | 12,865 | |||
Amounts due from customers for contract work | 7,972 | 7,311 | |||
Financial assets at fair value through profit or loss | 84,357 | 3,465 | |||
Pledged bank balance | 5,530 | - | |||
Bank balances and cash | 6,074 | 26,986 | |||
158,178 | 116,350 | ||||
Current Liabilities | |||||
Amounts due to customers for contract work | 7,397 | 8,619 | |||
Trade and other payables | 13 | 86,109 | 86,058 | ||
Receipts in advance | 1,518 | 1,269 | |||
Bank and other borrowings | 14 | 212,165 | - | ||
Tax payable | 4,722 | 4,397 | |||
311,911 | 100,343 | ||||
Net Current (Liabilities)/Assets | (153,733 | 16,007 | |||
Total Assets less Current Liabilities | 15,315 | 26,556 |
Trillion Grand Corporate Company Ltd. published this content on 13 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2017 04:08:04 UTC.
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