Computer And Technologies Holdings Limited — Earnings Release 2003

Apr 22, 2004

Listed Company Information

Listed Company Information
CHINA AEROSPACE<00031> - Results Announcement China Aerospace International Holdings Limited announced on 22/4/2004: (stock code: 00031 ) 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 ($ ) ($ ) Turnover : 1,239,633,000 1,299,825,000 Profit/(Loss) from Operations : 121,259,000 (198,418,000) Finance cost : (64,645,000) (79,578,000) Share of Profit/(Loss) of Associates : 3,701,000 (6,236,000) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 30,196,000 (301,819,000) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.014 (0.141) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 30,196,000 (301,819,000) 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 : 18/5/2004 to 20/5/2004 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Profit (loss )from operations has been arrived at after charging: 2003 2002 HK$'000 HK$'000 Allowance for obsolete inventories - 6,245 Amortisation of development costs 1,396 4,935 Amortisation of goodwill 138 - Auditors' remuneration 3,064 4,818 Cost of inventories consumed 773,998 878,878 Depreciation on - owned assets 50,158 63,010 - assets held under finance leases 1,349 998 Loss on disposal of property, plant and equipment - 11,294 Minimum lease payments paid under operating leases on land and buildings 6,296 7,321 Research expenses 4,800 8,652 Total staff costs, including directors' remuneration 145,520 160,161 and after crediting: Gross rental income from - land and buildings 6,335 6,219 - investment properties 19,441 35,277 - properties for sale - 1,698 --------------- 25,776 43,194 Less: Outgoings (5,317) (6,001) --------------- 20,459 37,193 Dividend income from listed investment securities - 3,089 Gain on disposal of property, plant and equipment 16,694 - Interest income 2,230 3,745 Reversal of allowance for obsolete inventories 23,104 - Waiver of interest expense on other loans 36,273 - =========== 2. Earnings (loss) per share The calculation of the basic earnings (loss) per share is based on the following data: 1.1.2003 1.1.2002 to to 31.12.2003 31.12.2002 HK$'000 HK$'000 Net Profit (Loss) Net profit (loss) for the period for calculation of basic earnings (loss) per share 30,196 (301,819) ========================== Number of Shares Weighted average number of ordinary shares for the calculation of basic earnings (loss) per share 2,142,419,902 2,142,419,902 ============================= No diluted earnings (loss) per share has been presented for both periods as there is no dilutive potential share in issue. 3. Certain comparative figures have been restated in order to achieve a consistent presentation.