Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.
KING STONE ENERGY GROUP LIMITED
金 山 能 源 集 團 有 限 公 司
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00663)
SUPPLEMENTAL ANNOUNCEMENT TO 2019 ANNUAL REPORT
Reference is made to the annual report of King Stone Energy Group Limited (the "Company", together with its subsidiaries, the "Group") for the year ended 31 December 2019 (the "2019 Annual Report"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as defined in the 2019 Annual Report.
The board of the directors of the Company (the "Board") would like to provide breakdown of the other expenses of the Group for the year ended 31 December 2019 (with comparative figures of
2018) as follows:
2019 | 2018 | ||
HK$'000 | HK$'000 | ||
Impairment of items of property, plant and equipment | 10,378 | 12,228 | |
Impairment of intangible assets | 44,013 | 73,954 | |
Impairment of goodwill | 360 | 2,136 | |
Impairment of investment in an associate and amount due from | |||
an associate | 10,853 | 808 | |
Impairment of right-of-use assets | 704 | - | |
Impairment/(reversal of impairment) of a loan receivable | (35,731) | 35,731 | |
Impairment of other financial assets | 2,298 | 1,124 | |
Loss on disposal of items of property, plant and equipment | 781 | 6 | |
Loss on disposal of subsidiaries | - | 452 | |
Foreign exchange loss, net | 11,853 | 17,334 | |
Others | 1,570 | 11 | |
Total | 47,079 | 143,784 | |
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The above additional information does not affect other information contained in the 2019 Annual Report. Save as disclosed above, all other information in the 2019 Annual Report remains unchanged.
By order of the Board
King Stone Energy Group Limited
Xu Zhuliang
Chairman
Hong Kong, 14 August 2020
As at the date of this announcement, the executive Directors are Mr. Xu Zhuliang, Mr. Zong Hao and Ms. He Qing, and the independent non-executive Directors are Mr. Chiu Sui Keung, Mr. Lee Ping and Mr. Lee Kwok Wan.
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King Stone Energy Group Ltd. published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 08:37:14 UTC