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CHINA STAR ENTERTAINMENT LIMITED(Incorporated in Bermuda with limited liability)
The board of directors (the "Board") of China Star Entertainment Limited (the "Company") presents the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31st December 2016 as follows:
CONSOLIDATED INCOME STATEMENT For the year ended 31st December 2016 | |||
Notes | 2016 HK$'000 | 2015 HK$'000 | |
Continuing operations Revenue | 5 | 1,102,464 | 1,039,758 |
Cost of sales | (986,542) | (581,784) | |
Gross profit | 115,922 | 457,974 | |
Other revenue and other income | 6 | 123,729 | 109,297 |
Administrative expenses Marketing, selling and distribution expenses | (394,358) (90,128) | (381,851) (85,515) | |
(Loss)/gain arising on change in fair value of financial assets classified as held for trading investments | (18,879) | 99,638 | |
Other operating expenses | (43,794) | (65,599) |
(Loss)/profit from operations | Notes | HK$'000 (307,508) | HK$'000 133,944 |
Finance costs | 7 | (30,543) | (29,314) |
Share of results of joint ventures | (90) | 138 | |
(Loss)/profit before tax | 8 | (338,141) | 104,768 |
Income tax credit | 9 | - | 149 |
(Loss)/profit for the year from continuing operations | (338,141) | 104,917 | |
Discontinued operation Profit for the year from discontinued operation | 11 | 2,530 | 2,947 |
(Loss)/profit for the year | (335,611) | 107,864 | |
(Loss)/profit for the year attributable to: Owners of the Company | (335,609) | 107,871 | |
Non-controlling interests | (2) | (7) | |
(335,611) | 107,864 |
(Loss)/earnings per share From continuing and discontinued operations | Notes 12 | HK cents | HK cents |
Basic | (42.98) | 15.25 | |
Diluted | (42.98) | 14.31 | |
From continuing operations Basic | (43.30) | 14.83 | |
Diluted | (43.30) | 13.92 | |
From discontinued operation Basic | 0.32 | 0.42 | |
Diluted | 0.32 | 0.39 |
(Loss)/profit for the year | HK$'000 (335,611) | HK$'000 107,864 |
Other comprehensive income | ||
Items that will not reclassified to profit or loss: | ||
Gain on revaluation of property | - | 48,171 |
Items that may be reclassified subsequently to consolidated income statement: Exchange differences arising on translation of foreign operations: Exchange differences arising during the year | 14 | (103) |
Other comprehensive income for the year | 14 | 48,068 |
Total comprehensive (loss)/income for the year | (335,597) | 155,932 |
Total comprehensive (loss)/income for the year attributable to: | ||
Owners of the Company | (335,595) | 155,939 |
Non-controlling interests | (2) | (7) |