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ENM HOLDINGS LIMITED
安 寧 控 股 有 限 公 司
(Incorporated in Hong Kong with limited liability)
(Stock code: 00128)
ANNUAL RESULTS ANNOUNCEMENT
FOR THE YEAR ENDED 31 DECEMBER 2018
The Board of Directors (the "Board") of ENM Holdings Limited (the "Company") announces the audited consolidated results of the Company and its subsidiaries (collectively the "Group") for the year ended 31 December 2018, together with the comparative figures for the previous year.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2018
Note | 2018 | 2017 | ||
HK$'000 | HK$'000 | |||
Revenue | 5 | 142,110 | 159,450 | |
Cost of sales | (50,598) | (61,349) | ||
Gross profit | 91,512 | 98,101 | ||
Other income | 1,493 | 2,417 | ||
Selling and distribution costs | (41,217) | (61,787) | ||
Administrative expenses | (70,329) | (72,444) | ||
Depreciation and amortisation | (6,883) | (7,187) | ||
Other operating gains/(losses), net | 8 | (44,768) | 24,986 | |
Loss from operations | (70,192) | (15,914) | ||
Fair value gains on investment properties, net | 2,500 | 7,100 | ||
Deficits write-back/(deficits) on revaluation of resort | ||||
and recreational club properties | (6,336) | 2,490 | ||
Gain on liquidation of subsidiaries | 1,073 | - | ||
Gain on disposal of interest in an associate | - | 2,584 | ||
Finance costs | 6 | (197) | (328) | |
Share of loss of an associate | - | (2,584) | ||
Loss before tax | (73,152) | (6,652) | ||
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CONSOLIDATED STATEMENT OF PROFIT OR LOSS (CONT'D) FOR THE YEAR ENDED 31 DECEMBER 2018
Note | 2018 | 2017 | ||||
HK$'000 | HK$'000 | |||||
Loss before tax | (73,152) | (6,652) | ||||
Income tax expense | 7 | - | - | |||
Loss for the year | 8 | (73,152) | (6,652) | |||
Attributable to: | ||||||
Owners of the Company | (73,097) | (6,505) | ||||
Non-controlling interests | (55) | (147) | ||||
(73,152) | (6,652) | |||||
Loss per share | HK$ | HK$ | ||||
- basic | 9(a) | (4.43 cents) | (0.39 cents) | |||
- diluted | 9(b) | N/A | N/A | |||
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CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2018
2018 | 2017 | |||
HK$'000 | HK$'000 | |||
Loss for the year | (73,152) | (6,652) | ||
Other comprehensive loss: | ||||
Items that may be reclassified to profit or loss: | ||||
Exchange differences on translating foreign | ||||
operations | (168) | 682 | ||
Exchange differences reclassified to profit or loss on | ||||
liquidation of subsidiaries | (1,073) | - | ||
Fair value changes of available-for-sale equity and | ||||
fund investments | - | 7,516 | ||
Fair value changes of available-for-sale debt | ||||
investments | - | 934 | ||
Reclassification of revaluation reserve to profit or | ||||
loss upon disposal of available-for-sale equity | ||||
investments | - | (17,346) | ||
Reclassification of revaluation reserve to profit or | ||||
loss upon disposal of available-for-sale debt | ||||
investments | - | (64) | ||
Other comprehensive loss for the year, net of tax | (1,241) | (8,278) | ||
Total comprehensive loss for the year | (74,393) | (14,930) | ||
Attributable to: | ||||
Owners of the Company | (74,295) | (14,843) | ||
Non-controlling interests | (98) | (87) | ||
(74,393) | (14,930) | |||
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2018
Note | 2018 | 2017 | ||
HK$'000 | HK$'000 | |||
Non-current assets | ||||
Property, plant and equipment | 74,013 | 81,286 | ||
Investment properties | 46,400 | 43,900 | ||
Intangible assets | 956 | 1,041 | ||
Financial assets at fair value through profit and loss | 11 | 50,747 | - | |
Available-for-sale fund investments | 11 | - | 37,054 | |
Available-for-sale debt investments - notes | ||||
receivables | 11 | - | 163,890 | |
Total non-current assets | 172,116 | 327,171 | ||
Current assets | ||||
Inventories | 24,075 | 27,916 | ||
Trade and other receivables | 12 | 12,173 | 18,238 | |
Financial assets at fair value through profit or loss | 11 | 630,338 | 151,227 | |
Available-for-sale debt investments - notes | ||||
receivables | 11 | - | 20,357 | |
Pledged bank deposits | 12,334 | 12,334 | ||
Time deposits | 72,283 | 425,421 | ||
Cash and bank balances | 28,788 | 50,524 | ||
Total current assets | 779,991 | 706,017 | ||
Current liabilities | ||||
Trade and other payables | 13 | 25,141 | 29,290 | |
Interest-bearing bank borrowings | 3,195 | 5,734 | ||
Total current liabilities | 28,336 | 35,024 | ||
Net current assets | 751,655 | 670,993 | ||
NET ASSETS | 923,771 | 998,164 | ||
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CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONT'D) AT 31 DECEMBER 2018
2018 | 2017 | ||
HK$'000 | HK$'000 | ||
Capital and reserves | |||
Issued capital | 1,206,706 | 1,206,706 | |
Accumulated losses | (1,092,463) | (1,028,066) | |
Other reserves | 810,118 | 820,016 | |
Equity attributable to owners of the Company | 924,361 | 998,656 | |
Non-controlling interests | (590) | (492) | |
TOTAL EQUITY | 923,771 | 998,164 | |
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