2016/2017
SUMMARY OF INTERIM RESULTSThe Directors of Golden Resources Development International Limited (the "Company") are pleased to announce the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 30th September, 2016 as follows:
Notes | 2016 (Unaudited) HK$'000 | 2015 (Unaudited) HK$'000 | |
REVENUE | 3 | 525,457 | 490,159 |
Cost of sales | (350,956) | (340,244) | |
GROSS PROFIT Net unrealized gain/(loss) on financial assets at fair value through profit or loss | 174,501 8,910 | 149,915 (33,342) | |
Net other income/(loss) | 4 | 19,389 | (22,311) |
Selling and distribution costs | (74,903) | (52,341) | |
Administrative expenses Write-back of impairment loss on loan receivable | (88,188) - | (76,541) 18,541 | |
PROFIT/(LOSS) FROM OPERATIONS | 3 | 39,709 | (16,079) |
Finance costs | (169) | (60) | |
Share of results of associates | (1,531) | 3,665 | |
PROFIT/(LOSS) BEFORE TAXATION | 5 | 38,009 | (12,474) |
Taxation | 6 | (8,182) | (8,381) |
PROFIT/(LOSS) FOR THE PERIOD | 29,827 | (20,855) | |
Profit/(loss) attributable to: Shareholders of the Company | 32,780 | (20,597) | |
Non-controlling interests | (2,953) | (258) | |
29,827 | (20,855) | ||
EARNINGS/(LOSS) PER SHARE - Basic | 8 | HK1.9 cents | HK(1.2) cents |
- Diluted | HK1.9 cents | HK(1.2) cents |
GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED INTERIM REPORT 2016/2017 01
02 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED INTERIM REPORT 2016/2017
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six months ended 30th September,2016 (Unaudited) HK$'000 | 2015 (Unaudited) HK$'000 | |
PROFIT/(LOSS) FOR THE PERIOD | 29,827 | (20,855) |
OTHER COMPREHENSIVE LOSS Items to be reclassified to profit or loss in subsequent periods: | ||
Deficit on revaluation of available-for-sale investments Investments revaluation reserve realized on disposal of available-for-sale investments | - (183) 1,202 - | |
Exchange differences on translation of foreign operations | (1,991) (3,874) | |
Share of other comprehensive loss of associates | (690) (9,243) | |
Other comprehensive loss for the period, net of tax | (1,479) (13,300) | |
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD | 28,348 (34,155) | |
Total comprehensive income/(loss) attributable to: Shareholders of the Company | 31,923 (33,371) | |
Non-controlling interests | (3,575) (784) | |
28,348 (34,155) | ||
Notes | 30th September, 2016 (Unaudited) HK$'000 | 31st March, 2016 (Audited) HK$'000 | |
NON-CURRENT ASSETS Property, plant and equipment | 121,942 | 106,747 | |
Investment properties | 146,715 | 79,760 | |
Intangible asset | 23,204 | 23,904 | |
Interests in associates | 147,563 | 152,302 | |
Available-for-sale investments | 29,968 | 31,626 | |
Prepaid lease payments | 15,717 | 16,086 | |
485,109 | 410,425 | ||
CURRENT ASSETS Inventories | 111,999 | 139,361 | |
Trade debtors | 9 | 83,358 | 91,863 |
Other debtors, deposits and prepayments | 50,654 | 62,755 | |
Available-for-sale investments Financial assets at fair value through profit or loss | 21,254 302,335 | 15,072 375,649 | |
Derivative financial instruments | - | 2,549 | |
Cash and cash equivalents | 343,030 | 258,755 | |
912,630 | 946,004 | ||
CURRENT LIABILITIES Trade creditors | 10 | 40,738 | 36,716 |
Other creditors and accruals | 50,038 | 35,137 | |
Bank loans | 18,878 | 7,755 | |
Tax liabilities | 26,094 | 22,707 | |
135,748 | 102,315 | ||
NET CURRENT ASSETS | 776,882 | 843,689 | |
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,261,991 | 1,254,114 | |
NON-CURRENT LIABILITIES Deferred tax liabilities | 1,645 | 1,783 | |
1,260,346 | 1,252,331 | ||
CAPITAL AND RESERVES Share capital | 11 | 169,441 | 169,441 |
Reserves | 1,078,067 | 1,066,477 | |
Shareholders' equity | 1,247,508 | 1,235,918 | |
Non-controlling interests | 12,838 | 16,413 | |
1,260,346 | 1,252,331 |
GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED INTERIM REPORT 2016/2017 03