abc Multiactive Limited — Interim / Quarterly Report 2006

Oct 13, 2006

GEM

ABC MULTIACTIVE<08131> - Results Announcement (Q3, 2005/2006, Summary)

abc Multiactive Limited announced on 13/10/2006:
(stock code: 08131 )

Year end date :30/11/2006
Currency :HKD
Auditors' report :N/A
3rd 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 01/12/2005   from 01/12/2004
                                     to 31/08/2006     to 31/08/2005
                                             $'000             $'000

Turnover : 12,531 10,560
Profit/(Loss) from Operations : 596 (3,389)
Finance cost : (1,151) (785)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (555) (4,174)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0034) (HKD 0.026)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (555) (4,174)
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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 prepared in accordance 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 nine months ended
   31st August 2006 have not been audited by the Company's auditor,
   but have been reviewed by the Company's audit committee.

   The accounting policies and basis of the 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.

2. Impact of new HKFRS and HKASs

   The Hong Kong Institute of Certified Public Accountants
   ("HKICPA") has issued a number of new revised HKFRS and HKASs
   which are effective for accounting periods commencing on or
   after 1st January 2005. The group has adopted the following
   HKFRSs and HKASs issued up to 31st August 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, 34, 36, 37
   and HKFRS 3 do not have and impact as the Group's accounting
   policies already comply with those standards.

3. Unaudited turnover from continuing operations and discontinued
   operations:
   (Unaudited)
   01/12/2005 01/12/2004
   to to
   31/08/2006 31/08/2005
   HK$'000 HK$'000

   Continuing operations 12,531 10,560
   Discontinued operations 0 5,979
   -------- --------
   Total 12,531 16,539
   ======== ========

4. Unaudited profit/(loss) from continuing operations and
   discontinued operations:
   (Unaudited)
   01/12/2005 01/12/2004
   to to
   31/08/2006 31/08/2005
   HK$'000 HK$'000

   Continuing operations (1,749) (2,068)
   Discontinued operations 1,194 (2,106)
   -------- --------
   Total (555) (4,174)
   ======== ========

5. Discontinued operations

   The operation of the Group's Australian subsidiaries was ceased
   on 1st December 2005. Certain comparative figures in the
   unaudited consolidated results have been reclassified to
   conform with the current period's presentation according to
   HKFRS 5 - Non-current assets held for sales and discontinued
   operations. An analysis of the result of discontinued
   operations is as follows:
   (Unaudited)
   Nine months ended
   31st August
   2006 2005
   HK$'000 HK$'000

Revenue 0 5,979
Expense (57) (6,336)
Unrealised gain/(loss) on
exchange difference 1,294 (1,712)
Finance cost (43) (37)
-------- --------
Profit/(loss) before tax of
discontinued operation 1,194 (2,106)
======== ========

1. Basic earnings per share

   The calculation of unaudited basis earnings per share for the
   three and nine months ended 31st August 2006 was based on the
   unaudited net profit for the period of approximately HK$635,000
   and net loss for the period of approximately HK$555,000,
   respectively (Three months and nine months ended 31st August
   2005: net loss of HK$1,342,000 and HK$4,174,000 respectively),
   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.