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LAI SUN GARMENT (INTERNATIONAL) LIMITED

(191)
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Lai Sun Garment International : 2021-2022

04/18/2022 EDT

Corporate Information

PLACE OF INCORPORATION

SHARE REGISTRAR AND TRANSFER OFFICE

Hong Kong

Tricor Tengis Limited

Level 54, Hopewell Centre

BOARD OF DIRECTORS

183 Queen's Road East

Executive Directors

Hong Kong

Lam Kin Ngok, Peter, GBS (Chairman)

Chew Fook Aun (Deputy Chairman)

INDEPENDENT AUDITOR

Lam Hau Yin, Lester

Ernst & Young

(also alternate director to U Po Chu)

Certified Public Accountants

Lam Kin Hong, Matthew

Registered Public Interest Entity Auditor

U Po Chu

PRINCIPAL BANKERS

Independent Non-executive Directors

Agricultural Bank of China Limited

Chow Bing Chiu

Bank of China (Hong Kong) Limited

Lam Bing Kwan

Bank of Communications Co., Ltd. Hong Kong Branch

Leung Shu Yin, William

The Bank of East Asia, Limited

China Construction Bank (Asia) Corporation Limited

AUDIT COMMITTEE

Chong Hing Bank Limited

Leung Shu Yin, William (Chairman)

DBS Bank Ltd.

Chow Bing Chiu

Hang Seng Bank Limited

Lam Bing Kwan

The Hongkong and Shanghai Banking

Corporation Limited

NOMINATION COMMITTEE

Industrial and Commercial Bank of China (Asia) Limited

Oversea-Chinese Banking Corporation Limited

Lam Kin Ngok, Peter, GBS (Chairman)

Shanghai Pudong Development Bank Co., Ltd.

Chew Fook Aun (alternate to Lam Kin Ngok, Peter)

Standard Chartered Bank (Hong Kong) Limited

Chow Bing Chiu

United Overseas Bank Limited

Lam Bing Kwan

SHARES INFORMATION

REMUNERATION COMMITTEE

Place of Listing

Lam Bing Kwan (Chairman)

Chew Fook Aun

The Main Board of The Stock Exchange of

Chow Bing Chiu

Hong Kong Limited

Leung Shu Yin, William

Stock Code / Board Lot

191 / 1,000 shares

COMPANY SECRETARY

Tse Pik Ha

American Depositary Receipt

REGISTERED OFFICE / PRINCIPAL OFFICE

11th Floor

Lai Sun Commercial Centre

680 Cheung Sha Wan Road

Kowloon, Hong Kong

50171P102 LGRTY 1:20

Tel: Fax:

(852) 2741 0391 (852) 2785 2775

AUTHORISED REPRESENTATIVES

Lam Kin Ngok, Peter, GBS

Chew Fook Aun

CUSIP Number: Trading Symbol:

ADR to Ordinary Share Ratio: Depositary Bank:WEBSITE www.laisun.com

INVESTOR RELATIONS

Tel: (852) 2853 6116 Fax: (852) 2853 6651 Email:ir@laisun.com

The Bank of

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

Disclaimer

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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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 2 744 M 350 M -
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 35,9%
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Managers and Directors
Chai Tuck Yip Chief Executive Officer
Kin Ngok Lam Chairman
Shu Yin Leung Independent Non-Executive Director
Bing Chiu Chow Independent Non-Executive Director
Bing Kwan Lam Independent Non-Executive Director