New York MellonThe board of directors (the "Board") of Lai Sun Garment (International) Limited (the "Company") presents the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 31 January 2022 together with the comparative figures of the last corresponding period as follows:
Condensed Consolidated Income Statement
For the six months ended 31 January 2022
Six months ended
31 January 2022
2021
(Unaudited)
(Unaudited)
Notes
HK$'000
HK$'000
TURNOVER
4
2,770,827
2,794,119
Cost of sales
(1,761,779)
(2,136,568)
Gross profit
1,009,048
657,551
Other revenue and gains
155,649
434,257
Selling and marketing expenses
(139,849)
(93,380)
Administrative expenses
(465,057)
(487,313)
Other operating expenses
(748,880)
(759,512)
Fair value gains/(losses) on investment properties, net
12,692
(475,890)
LOSS FROM OPERATING ACTIVITIES
5
(176,397)
(724,287)
Finance costs
6
(495,667)
(381,418)
Share of profits and losses of associates
2,079
(11,088)
Share of profits and losses of joint ventures
87,283
(328,933)
LOSS BEFORE TAX
(582,702)
(1,445,726)
Tax
7
(132,469)
(197,986)
LOSS FOR THE PERIOD
(715,171)
(1,643,712)
Attributable to:
Owners of the Company
(323,785)
(797,153)
Non-controlling interests
(391,386)
(846,559)
(715,171)
(1,643,712)
LOSS PER SHARE ATTRIBUTABLE TO
OWNERS OF THE COMPANY
8
(Adjusted)
Basic and diluted
(HK$0.551)
(HK$1.658)
LAI SUN GARMENT (INTERNATIONAL) LIMITED• Interim Report 2021-2022
Condensed Consolidated Statement of Comprehensive Income
For the six months ended 31 January 2022
Six months ended
31 January 2022
2021
(Unaudited)
(Unaudited)
HK$'000
HK$'000
LOSS FOR THE PERIOD
(715,171)
(1,643,712)
OTHER COMPREHENSIVE INCOME/(EXPENSE)
Other comprehensive income/(expense) that may be reclassified to
profit or loss in subsequent periods:
Changes in fair values of financial assets at fair value through
other comprehensive income
(437)
1,302
Exchange realignments
287,764
2,003,098
Share of other comprehensive (expense)/income of associates
(805)
3,295
Share of other comprehensive expense of joint ventures
(2,613)
(2,582)
Release of exchange reserve upon dissolution and deregistration of
subsidiaries
(176)
974
Reclassification of reserve upon return of capital from a subsidiary
29,965
-
313,698
2,006,087
Other comprehensive expense that will not be reclassified to
profit or loss in subsequent periods:
Changes in fair values of financial assets at fair value through other
comprehensive income
(17,537)
(16,218)
OTHER COMPREHENSIVE INCOME FOR THE PERIOD
296,161
1,989,869
TOTAL COMPREHENSIVE (EXPENSE)/INCOME FOR THE PERIOD
(419,010)
346,157
Attributable to:
Owners of the Company
(266,230)
(142,152)
Non-controlling interests
(152,780)
488,309
(419,010)
346,157
Condensed Consolidated Statement of Financial Position
As at 31 January 2022
31 January
31 July
2022
2021
(Unaudited)
(Audited)
Notes
HK$'000
HK$'000
NON-CURRENT ASSETS
Property, plant and equipment
7,636,496
7,710,358
Right-of-use assets
5,160,548
5,304,503
Investment properties
40,543,372
39,788,552
Film rights
11,675
15,109
Film and TV program products
56,914
54,838
Music catalogs
974
3,124
Goodwill
260,849
274,423
Other intangible assets
142,827
150,853
Investments in associates
293,556
290,278
Investments in joint ventures
7,047,743
7,124,459
Financial assets at fair value through other comprehensive income
1,800,557
1,817,403
Financial assets at fair value through profit or loss
964,287
1,111,482
Derivative financial instruments
-
191
Debtors
9
541,606
526,687
Deposits, prepayments, other receivables and other assets
310,700
277,784
Deferred tax assets
2,188
2,147
Pledged and restricted bank balances and time deposits
78,063
71,483
Total non-current assets
64,852,355
64,523,674
CURRENT ASSETS
Properties under development
3,875,228
2,077,261
Completed properties for sale
6,841,009
7,374,096
Films and TV programs under production and film investments
337,442
235,844
Inventories
54,328
48,851
Financial assets at fair value through profit or loss
256,046
183,290
Derivative financial instruments
3,529
-
Debtors
9
317,691
349,351
Deposits, prepayments, other receivables and other assets
1,844,882
960,501
Prepaid tax
36,784
53,100
Pledged and restricted bank balances and time deposits
2,599,539
4,959,423
Cash and cash equivalents
6,576,092
8,738,747
22,742,570
24,980,464
Assets classified as held for sale
1,938
5,273
Total current assets
22,744,508
24,985,737
LAI SUN GARMENT (INTERNATIONAL) LIMITED• Interim Report 2021-2022
Lai Sun Garment (International) Limited published this content on 18 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 11:24:06 UTC.
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