Computer And Technologies Holdings Limited — Earnings Release 2000

Apr 23, 2001

Listed Company Information

CHINA AEROSPACE<0031> - Results Announcement China Aerospace International Holdings Limited announced on 23/4/2001: (stock code: 31) Year end date: 31/12/2000 Currency: Hong Kong Dollars (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 31/12/2000 to 31/12/1999 Turnover : 1,066,019,000 1,283,521,000 Profit/(Loss) from Operations : (868,187,000) (254,017,000) Finance cost : (135,155,000) (181,172,000) Share of Profit/(Loss) of Associates : (59,642,000) (17,640,000) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (1,017,429,000) (383,963,000) % Change over Last Period : N/A EPS/(LPS)-Basic : (48.1 cents) (21.5 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (1,017,429,000) (383,963,000) Final Dividend per Share : Nil Nil (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 25/5/2001 to 29/5/2001 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1. Operating loss is arrived at after charging (crediting) : 2000 1999 HK$'000 HK$'000 Provision for doubtful debts 98,222 218,605 Provision for impairment in value of investment securities 583,215 - Provision for amounts due from associate 44,000 - Loss on interest rate swap - 5,645 Project cost written off - 17,471 Termination fee on interest swap contracts - 10,165 Development cost written off 5,326 20,878 Amortisation of development costs 6,677 5,773 Amortisation of licence right 1,170 - Auditors' remuneration 5,093 4,655 Depreciation on Owned assets 65,568* 59,909 Assets acquired under finance leases 3,362* 3,074 Profit on disposal of fixed assets (136) (37,351) Provision for inventories 79,139 36,900 ======================= * Following the release of the final results announcement of the Company on teletext on 23/4/2001, the Company subsequently notified the Exchange that due to accounts reclassification by the Company's auditors, the figures for "Depreciation on Owned assets and Assets acquired under finance leases" for the year 2000 as stated in above have been revised to HK$65,568,000 and HK$3,362,000 respectively instead of HK$65,639,000 and HK$3,291,000 respectively as previously reported. 2. Loss per share The calculation of the basic loss per share is based on the following data: 2000 1999 HK$'000 HK$'000 Loss Loss for the year for calculation of basic loss per share (1,017,429) (383,963) ========================== Number of Shares Weighted average number of ordinary shares for the calculation of basic loss per share 2,116,010,396 1,785,401,738 ================================ No diluted loss per share has been presented for both years as there is no dilutive potential shares in issue. 3. Certain comparative amounts have been restated in order to achieve a consistent presentation. For more details, please refer to the press announcement today.