Beijing Geekplus Technology Co., Ltd. — Earnings Release 2005

Apr 19, 2006

Listed Company Information

Listed Company Information
KARCE INTL HOLD<01159> - Results Announcement Karce International Holdings Company Limited announced on 19/04/2006: (stock code: 01159 ) Year end date: 31/12/2005 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 31/12/2005 to 31/12/2004 Note ('000 ) ('000 ) Turnover : 647,004 774,255 Profit/(Loss) from Operations : 35,394 31,392 Finance cost : (3,622) (3,556) Share of Profit/(Loss) of Associates : (5,453) 8,376 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 28,036 53,353 % Change over Last Period : -47.5 % EPS/(LPS)-Basic (in dollars) : 0.0509 0.0969 -Diluted (in dollars) : 0.0502 0.0965 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 28,036 53,353 Final Dividend : 1 cent 1 cent per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 23/05/2006 to 30/05/2006 bdi. Payable Date : 30/06/2006 B/C Dates for Annual General Meeting : 23/05/2006 to 30/05/2006 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Application of Hong Kong Financial Reporting Standards/Changes in accounting policies In the current year, the Group has applied, for the first time, a number of new HKFRSs, HKASs and Interpretations (hereinafter collectively referred to as "new HKFRSs") issued by the HKICPA that are effective for accounting periods beginning on or after 1 January 2005. The application of the new HKFRSs has resulted in a change in the presentation of the consolidated income statement, consolidated balance sheet and consolidated statement of changes in equity. In particular, the presentation of minority interests and share of tax of associates have been changed. The changes in presentation have been applied retrospectively. The adoption of the new HKFRSs has resulted in changes to the Group's accounting policies in the following areas that have an effect on how the results for the current or prior accounting years are prepared and presented. 2. Summary of the effects of the changes in accounting policies Effects on the results for prior year: 2004 HK$'000 Decrease in amortisation of prepaid lease payments 163 Decrease in fair value of buildings (1,225) _______ Decrease in profit for the year (1,062) ======== 3. Earnings per share The calculation of the basic and diluted earnings per share attributable to the ordinary equity holders is based on the following data: 2005 2004 HK$'000 HK$'000 (restated) Earnings for the purposes of basic earnings per share 28,036 53,353 Effect of dilutive potential ordinary shares of an associate: Interest income on convertible loan and advances to an associate (595) (227) Adjustment to the share of result of an associate based on dilution of its earnings per share 184 7 ------------------------ Earnings for the purposes of diluted earnings per share 27,625 53,133 ======== ======== Weighted average number of ordinary shares for the purposes of basic and diluted earnings per share 550,776,000 550,776,000 ============ =========== The Company did not have any outstanding share options in both years. 4. Comparative figures Due to adoption of new/revised HKFRSs and HKASs for the current year, the accounting treatment and presentation of certain items on the financial statements have been revised to comply with the new requirements. Accordingly, certain figures have been adjusted in prior year. Also, certain comparative figures have been reclassified to confirm with the current year's presentation.