abc Multiactive Limited — Earnings Release 2006

Apr 18, 2006

GEM

ABC MULTIACTIVE<08131> - Results Announcement (Q1, 2005/2006, Summary)

abc Multiactive Limited announced on 13/04/2006:
(stock code: 08131 )

Year end date :30/11/2006
Currency :HKD
Auditors' report :N/A
1st Quarterly Report Reviewed by :Audit Committee

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com

                                       (Unaudited)       (Unaudited)
                                          Current Last Corresponding
                                           Period            Period
                                     from 01/12/05     from 01/12/04
                                       to 28/02/06       to 28/02/05
                                             $'000             $'000

Turnover : 3,260 5,672
Profit/(Loss) from Operations : (540) (340)
Finance cost : (378) (255)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (918) (595)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD (0.0057) HKD (0.0037)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (918) (595)
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)

For and on behalf of
abc Multiactive Limited

Signature :
Name : Cheung, Siu Leong
Title : Company Secretary

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

Remarks:

1. Basis of presentation

The unaudited accounts have been prepard in accordnace with
accounting principles generally accepted in Hong Kong and
comply with accounting standards issued by the Hong Kong
Institute of Certified Public Accountants ("HKICPA"). They
are prepared under the historical cost convention.

The unaudited consolidated results for the three months ended
28th February 2006 have not been audited by the Company's
auditors, but have been reviewed by the Company's audit
committee.

The accounting policies and basis of preparation used in the
preparation of the unaudited consolidated results are consistent
with those used in the Company's annual financial statements
for the year ended 30th November 2005, except for the adoption
of certain new and revised Hong Kong Financial Reporting
Standards ("HKFRS") and Hong Kong Accounting Standards ("HKAS")
as disclosed in note 2 below.

1. Impact of new HKFRS and HKASs

The Hong Kong Institute of Certified Public Accountants
("HKICPA") has issued a number of new and revised HKFRSs and
HKASs which are effective for accounting periods commencing on
or after 1 January 2005. The Group has adopted, for the first
time, the following HKFRSs and HKASs issued up to 28 February
2006, which are pertinent to its operations and have had
significant effect on these unaudited quarterly financial
statements.

HKAS 1 Presentation of Financial Statements
HKAS 2 Inventories
HKAS 7 Cash Flows Statements
HKAS 8 Accounting Policies, Changes in Accounting Estimates
and Errors
HKAS 10 Events after the Balance Sheet Date
HKAS 11 Construction Contracts
HKAS 12 Income Taxes
HKAS 14 Segment Reporting
HKAS 16 Property, Plant and Equipment
HKAS 17 Leases
HKAS 18 Revenue
HKAS 19 Employee Benefits
HKAS 21 The Effects of Changes in Foreign Exchange Rates
HKAS 23 Borrowing Costs
HKAS 24 Related Party Disclosures
HKAS 26 Accounting and Reporting by Retirement Benefit Plans
HKAS 27 Consolidated and Separate Financial Statements
HKAS 32 Financial Instruments: Disclosure and Presentation
HKAS 33 Earning Per Share
HKAS 34 Interim Financial Reporting
HKAS 36 Impairment of Assets
HKAS 37 Provisions, Contingent Liabilities and Contingent
Assets
HKAS 39 Financial Instruments: Recognition and Measurement
HKFRS 2 Share-based Payment
HKFRS 3 Business Combinations
HKFRS 5 Non-current Assets Held for Sale and Discontinued
Operations

The adoptions of above HKASs and HKFRSs do not result in
substantial changes to the Group's accounting policies. In
summary:

HKAS 1 affects certain presentation and disclosure of the
accounts;
HKASs 8, 16, 19, 24, 27, 32, 33, 39, HKFRS 2 and HKFRS 5 affect
certain disclosure of the accounts: and
HKASs 2, 7, 10, 11, 12, 14, 17, 18, 21, 23, 26, 31, 34, 36, 37
and HKFRS 3 do not have and impact as the Group's accounting
policies already comply with those standards.

1. Basic loss per share

The calculation of basic loss per share for the three months
ended 28th February 2006 was based on the unaudited net loss for
the period of approximately HK$918,000 (For the three months
ended 28th February 2005 unaudited net loss: HK$595,000) and the
weighted average of 160,590,967 (2005: 160,590,967) ordinary
shares of HK$0.10 each in issue during the period.

Diluted loss per share has not been presented as there was no
dilutive potential ordinary share in existense during the
periods.