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.
(Incorporated in Bermuda with limited liability)
(Stock Code: 717) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2015FINANCIAL HIGHLIGHTS HK$'000 | For the year ended | ||
30 September 2015 2014 | Changes | ||
Total revenue | 835,077 546,408 | +52.8% | |
Financing | 465,762 311,105 | +49.7% | |
Brokerage | 151,499 91,616 | +65.4% | |
Placing & Underwriting | 180,006 127,910 | +40.7% | |
Corporate Finance | 37,810 15,777 | +139.7% | |
Profit for the year attributable to | |||
owners of the Company | 430,251 | 220,795 | +94.9% |
Net profit margin | 51.5% | 40.4% | +11.1pp |
Earnings per share Basic | HK10.21 cents | HK6.21 cents | +64.4% |
Diluted | HK10.04 cents | (restated) HK5.99 cents (restated) | +67.6% |
* For identification purpose only
The board of directors (the 'Board' or the 'Directors') of Emperor Capital Group Limited (the 'Company') is pleased to announce the consolidated results of the Company and its subsidiaries (collectively referred to as the 'Group'), which is extracted from the audited consolidated financial statements, for the year ended 30 September 2015 (the 'Year') together with comparative figures for the corresponding year in 2014 as set out below.
CONSOLIDATED STATEMENT COMPREHENSIVE INCOME For the year ended 30 September 2015 | OF | PROFIT | OR LOSS AND | OTHER |
Notes | 2015 HK$'000 | 2014 HK$'000 | ||
Revenue | 4 | 835,077 | 546,408 | |
Other operating income | 7,122 | 18,034 | ||
Staff costs | (80,302) | (100,123) | ||
Commission expenses | (112,650) | (87,725) | ||
Other expenses | (80,068) | (69,999) | ||
Finance costs | 5 | (51,279) | (40,402) | |
Gain upon deemed disposal of a subsidiary | - | 2,525 | ||
Share of profit of an associate | 1,756 | 422 | ||
Share of loss of a joint venture | (22) | (13) | ||
Profit before taxation | 6 | 519,634 | 269,127 | |
Taxation | 7 | (89,383) | (48,332) | |
Profit for the year | 430,251 | 220,795 | ||
Other comprehensive income Item that may be reclassified subsequently to | ||||
profit or loss:
Exchange differences arising on translation 26 -
Other comprehensive income for the year 26 -
Total comprehensive income for the year 430,277 220,795
Profit for the year attributable to:Owners of the Company 430,251 220,795
Non-controlling interests - -
430,251 220,795 Total comprehensive income attributable to:Owners of the Company 430,277 220,795
Non-controlling interests - -
430,277 220,795Earnings per share 9
(restated)
Basic HK10.21 cents HK6.21 cents
Diluted HK10.04 cents HK5.99 cents
CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAs at 30 September 2015
Notes | 2015 HK$'000 | 2014 HK$'000 | |
Non-current assets Property and equipment | 4,883 | 5,399 | |
Intangible assets Other assets | - 9,177 | - 7,308 | |
Interest in an associate | 4,489 | 2,733 | |
Amount due from an associate | 5,987 | 5,987 | |
Interest in a joint venture | 514 | 536 | |
Loans and advances Available-for-sale investment | 11 | 56,032 - | 73,513 - |
81,082 | 95,476 | ||
Current assets Accounts receivable | 10 | 3,232,351 | 1,681,956 |
Loans and advances | 11 | 1,398,541 | 858,911 |
Other debtors, deposits and prepayments | 58,007 | 22,816 | |
Bank balances and cash - trust accounts | 1,368,108 | 1,164,249 | |
Bank balances and cash - general accounts | 462,389 | 527,546 | |
Tax recoverable | - | 7 | |
6,519,396 | 4,255,485 | ||
Current liabilities Accounts payable | 12 | 1,667,105 | 1,301,188 |
Other creditors and accrued charges | 92,264 | 85,341 | |
Tax liabilities | 106,340 | 68,599 | |
Short-term bank borrowings | 480,000 | 710,000 | |
Loans payable | 10,000 | 10,000 | |
2,355,709 | 2,175,128 | ||
Net current assets | 4,163,687 | 2,080,357 | |
Total assets less current liabilities | 4,244,769 | 2,175,833 | |
Non-current liabilities Bonds issued | 605,865 | 605,699 | |
Net assets | 3,638,904 | 1,570,134 | |
Capital and reserves Share capital | 57,479 | 26,320 | |
Reserves | 3,581,425 | 1,543,814 | |
Total equity | 3,638,904 | 1,570,134 |
Notes:
-
Basis of preparation of consolidated financial statements
The consolidated financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards (the 'HKFRSs') issued by the Hong Kong Institute of Certified Public Accountants (the 'HKICPA'). In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the 'Stock Exchange') and by the Hong Kong Companies Ordinance.
The consolidated financial statements have been prepared on the historical cost basis. Historical cost is generally based on the fair value of the consideration given in exchange for goods or services.
- Application of new and revised Hong Kong Financial Reporting Standards
In the current year, the Group has applied a number of amendments to HKFRSs issued by the HKICPA that are mandatorily effective for current reporting period.
The Group has applied the following new and revised HKFRSs issued by the HKICPA for the first time in the current year.
Application of new and revised Hong Kong Financial Reporting StandardsAmendments to HKFRSs Annual improvements to HKFRSs 2010 - 2012 cycle Amendments to HKFRSs Annual improvements to HKFRSs 2011 - 2013 cycle Amendments to HKAS 32 Offsetting financial assets and financial liabilities Amendments to HKAS 36 Recoverable amount disclosures for non-financial assets Amendments to HKAS 39 Novation of derivatives and continuation of hedge accounting
The application of the new and revised HKFRSs in the current year has had no material impact on the Group's financial performance and positions for the current and prior years and/or on the disclosures set out in these consolidated financial statements.
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