Computer And Technologies Holdings Limited — Earnings Release 2002

Apr 16, 2003

Listed Company Information

CHINA AEROSPACE<00031> - Results Announcement China Aerospace International Holdings Limited announced on 16/04/2003: (stock code: 00031 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ($ ) ($ ) Turnover : 1,299,825,000 1,008,293,000 Profit/(Loss) from Operations : (198,418,000) (281,514,000) Finance cost : (79,578,000) (113,133,000) Share of Profit/(Loss) of Associates : (6,236,000) (717,000) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (301,273,000) (736,311,000) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.14) (0.34) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (301,273,000) (736,311,000) Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 23/05/2003 to 28/05/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Operating loss is arrived at after charging: 2002 2001 HK$'000 HK$'000 Allowance for obsolete inventories 6,245 22,199 Amortisation of development costs 4,935 7,094 Auditors' remuneration 4,818 3,641 Depreciation on - owned assets 63,010 70,517 - assets held under finance leases 998 1,811 Loss on disposal of property, plant and equipment 11,294 - Minimum lease payments paid under operating leases on land and buildings 7,321 4,868 Research expenses 8,652 2,145 Total staff costs, including directors' remuneration 160,161 141,212 and after crediting Gross rental income from - land and buildings 6,219 2,626 - investment properties 35,277 41,904 - properties for sale 1,698 - ------ ------- 43,194 44,530 Less: Outgoings (6,001) (4,728) ------- -------- 37,193 39,802 Dividend income from listed investment securities 3,089 9,339 Gain on disposal of property, plant and equipment - 195 Interest income 3,745 12,659 ====== ======= 2. Loss per share The calculation of the basic loss per share is based on the following data: 2002 2001 HK$ HK$ Net Loss Net loss for the year for calculation of basicloss per share 301,273,000 736,311,000 =========== =========== Number of Shares Weighted average number of ordinary shares for the calculation of basic loss per share 2,142,419,902 2,142,419,902 ============= ============= No diluted loss per share has been presented for both years as there is no dilutive potential share in issue.