Luks Vietnam : Announcements and Notices - Final Results for the Year Ended 31 December 2015
March 24, 2016 at 05:50 am EDT
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The Board of Directors (the "Board") of Luks Group (Vietnam Holdings) Company Limited (the "Company") is pleased to announce the consolidated results of the Company and its subsidiaries (collectively, the "Group") for the year ended 31 December 2015. The annual results have been reviewed by the audit committee of the Company.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Year ended 31 December 2015
2015 2014
Notes
HK$'000 HK$'000
REVENUE
3
610,327 623,184
Cost of sales
(388,113) (392,463)
Gross profit
222,214 230,721
Other income and gains
3
15,590 11,673
Fair value gains on investment properties, net
12,117 26,423
Selling and distribution expenses
(49,919) (36,254)
Administrative expenses
(68,066) (82,744)
Other expenses
(7,935) (28,906)
Finance costs
5
(1,762) (2,350)
Share of profits and losses of associates
- 388
PROFIT BEFORE TAX
4
122,239 118,951
Income tax expense
6
(33,708) (29,504)
PROFIT FOR THE YEAR
88,531 89,447
Attributable to:
Owners of the parent
89,580 92,526
Non-controlling interests
(1,049) (3,079)
88,531 89,447
EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT
8
Basic and diluted
HK 17.7 cents HK 18.3 cents
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Year ended 31 December 2015
2015 2014
HK$'000 HK$'000
PROFIT FOR THE YEAR 88,531 89,447
OTHER COMPREHENSIVE LOSS
Other comprehensive loss to be reclassified to profit or loss in subsequent periods:
Exchange differences on translation of foreign operations (67,506) (15,434) Other comprehensive income not to be reclassified to profit or loss
in subsequent periods:
Gain on property revaluation
- 9,936
OTHER COMPREHENSIVE LOSS FOR THE YEAR
(67,506) (5,498)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
21,025 83,949
Attributable to: Owners of the parent
22,115 81,631
Non-controlling interests
(1,090) 2,318
21,025 83,949
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
31 December 2015
2015 2014
Notes HK$'000 HK$'000
NON-CURRENT ASSETS
Property, plant and equipment
1,168,608 1,162,533
Investment properties
953,847 982,038
Prepaid land lease payments
2,894 5,552
Investment in a joint venture
- -
Investments in associates
- 760
Properties for development
32,409 33,847
Deposits
33,819 34,673
Total non-current assets
2,191,577 2,219,403
CURRENT ASSETS
Inventories
71,138 77,182
Trade receivables
9
33,267 39,733
Prepayments, deposits and other receivables
15,162 21,504
Cash and cash equivalents
294,377 380,028
413,944 518,447
Investment properties classified as held for sale
- 11,005
Total current assets
413,944 529,452
CURRENT LIABILITIES
Trade payables
10
8,982 22,455
Other payables and accruals
109,726 111,088
Due to directors
46 55
Due to a related company
4,381 4,383
Interest-bearing bank and other borrowings
24,948 77,419
Tax payable
33,603 34,265
Total current liabilities
181,686 249,665
NET CURRENT ASSETS
232,258 279,787
TOTAL ASSETS LESS CURRENT LIABILITIES
2,423,835 2,499,190
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Continued)
31 December 2015
2015 2014
HK$'000 HK$'000
TOTAL ASSETS LESS CURRENT LIABILITIES 2,423,835 2,499,190
NON-CURRENT LIABILITIES
Interest-bearing bank and other borrowings
1,327
-
Rental deposits
17,519
19,518
Provisions
4,661
5,193
Deferred tax liabilities 203,852 208,075
Total non-current liabilities 227,359 232,786
Net assets
2,196,476
2,266,404
EQUITY
Equity attributable to owners of the parent
Issued capital
5,053
5,053
Reserves 2,223,088 2,291,926
2,228,141 2,296,979
Non-controlling interests (31,665) (30,575) Total equity 2,196,476 2,266,404
Luks Group (Vietnam Holdings) Co. Ltd. issued this content on 24 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 March 2016 09:49:26 UTC
Original Document: http://www.luks.com.hk/attachment/2016032417470100002462730_en.pdf
Luks Group (Vietnam Holdings) Company Limited is a Hong Kong-based investment holding company principally engaged in cement and property businesses. The Company operates through four segments. The Cement Products segment is engaged in the manufacture and sales of cement products for the construction industry. The Property Investment segment is engaged in the investment in industrial, commercial and residential premises for rental income. The Property Development segment is engaged in the development and sales of properties. The Corporate and Others segment is engaged in the manufacture and sales of electronic products, plywood products and traditional Chinese medicine products, among others.
LUKS GROUP (VIETNAM HOLDINGS) COMPANY LIMITED 
