Autohome Inc. — Earnings Release 2003

Apr 15, 2004

Listed Company Information

Listed Company Information
GOLIK HOLDINGS<01118> - Results Announcement Golik Holdings Limited announced on 15/4/2004: (stock code: 01118 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 2,162,479 1,239,481 Profit/(Loss) from Operations : 92,550 94,065 Finance cost : (27,850) (19,041) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : (148) N/A Profit/(Loss) after Tax & MI : 12,647 38,676 % Change over Last Period : -67 % EPS/(LPS)-Basic (in dollars) : 0.0222 0.0682 -Diluted (in dollars) : 0.0222 0.0682 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 12,647 38,676 Final Dividend : 1.5 cents 2.5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 21/5/2004 to 27/5/2004 bdi. Payable Date : 14/6/2004 B/C Dates for Annual General Meeting : 21/5/2004 to 27/5/2004 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. TURNOVER The following table provides an analysis of the Group's sales by geographical market, irrespective of the origin of the goods/services: Revenue by Contribution to geographical market profit from operations 2003 2002 2003 2002 HK$'000 HK$'000 HK$'000 HK$'000 (restated) Hong Kong 1,335,242 991,966 71,957 109,237 Other regions in the PRC 722,399 217,709 27,243 4,592 Macau 46,335 23 674 1 United Kingdom 23,761 13,290 1,015 605 Others 34,742 16,493 1,572 366 -------------------------------------------------------- 2,162,479 1,239,481 102,461 114,801 ========================= Amortisation of goodwill (4,502) (526) Release of negative goodwill 720 498 Unallocated other operating income 15,311 12,488 Unallocated corporate expenses (21,440) (33,196) ------------------------- Profit from operations 92,550 94,065 Finance costs (27,850) (19,041) Loss on disposal of subsidiaries/ discountinued operations (23,088) (4,555) Share of results of a jointly controlled entity (148) --- ------------------------- Profit before taxation 41,464 70,469 Income taxes (8,009) (9,766) ------------------------- Profit after taxation 33,455 60,703 ========================= In the absence of any specific transitional requirements in SSAP 12 (Revised), the new accounting policy has been applied retrospectively. Comparative amounts for 2002 have been restated accordingly. 2. EARNINGS PER SHARE The calculation of the basic and diluted earnings per share is based on the following data: 2003 2002 HK$'000 HK$'000 (restated) Earnings for the purposes of basic earnings per share 12,647 38,676 Adjustment to the share of results of subsidiaries based on the effect of dilutive share options --- (8) --------------------------------- Earnings for the purposes of diluted earnings per share 12,647 38,668 --------------------------------- Number of ordinary shares for the purpose of basic and diluted earnings per share 567,362,500 567,362,500 =============================== The adjustment to comparative basic and diluted earnings per share, arising from the adoption of HKFRS is as follows: Basic Diluted --------------------------------- HK cents HK cents Reconciliation of 2002 basic earnings per share: Reported figures before adjustments 7.27 7.27 Adjustments arising from the adoption of SSAP 12 (Revised) (0.45) (0.45) --------------------------------- Restated 6.82 6.82 ===============================