Dragon Mining Limited — Interim / Quarterly Report 2006

Dec 16, 2005

Listed Company Information

Listed Company Information
SAMSON PAPER<00731> - Results Announcement Samson Paper Holdings Limited announced on 16/12/2005: (stock code: 00731 ) Year end date: 31/03/2006 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2005 from 01/04/2004 to 30/09/2005 to 30/09/2004 Note ('000 ) ('000 ) Turnover : 1,706,340 1,630,680 Profit/(Loss) from Operations : 54,257 58,923 Finance cost : (24,938) (15,425) Share of Profit/(Loss) of Associates : 1,017 1,614 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 23,264 31,631 % Change over Last Period : -26.5 % EPS/(LPS)-Basic (in dollars) : 0.054 0.074 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 23,264 31,631 Interim Dividend : 1.5 cents 2.0 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 04/01/2006 to 06/01/2006 bdi. Payable Date : 16/01/2006 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. BASIS OF PREPARATION AND ACCOUNTING POLICIES The unaudited consolidated condensed interim accounts have been prepared in accordance with Hong Kong Accounting Standard ("HKAS")34 "Interim Financial Reporting", issued by the Hong Kong Institute of Certified Public Accountants("HKICPA") and applicable discloseable provisions of Appendix 16 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The accounting policies and methods of computation used in the preparation of these condensed interim accounts are consistent with those used in the annual accounts for the year ended 31 March 2005, except that the Group has changed certain of its accounting policies following its adoption of new/revised Hong Kong Financial Reporting Standards ("HKFRS") and HKAS( collectively referred to as the "New HKFRSs"), which have become effective for accounting periods beginning on or after 1 January 2005. These interim accounts have been prepared in accordance with those HKFRSs and interpretations issued and effective as at the time of preparing these accounts. The HKFRSs and interpretations that will be applicable at 31 March 2006 including those that will be applicable on an optional basis, are not known with certainty at the time of preparing these interim accounts. As a result, additional or revised disclosures were made and certain comparatives previously reported have been restated to comply with the new policy. The adoption of New HKFRSs has had no material impact on the accounting policies of the Group and the methods of computation in the Group's condensed interim accounts, except for HKAS1,HKAS17, HKAS32,HKAS39 and HKFRS3. Effect of the above changes in accounting policies on profit after taxation for the six months ended 30 September 2005 : Unaudited Attributable to equity holders HK$'000 Increase in profit after taxation - HKFRS 3 354 ========== Effect of the above changes in accounting policies on balance sheet as at 30 September 2005 and 31 March 2005 : Unaudited Audited 30 September 2005 31 March 2005 ____________________ ____________________________ HKAS 17 HKAS 32 & 39 HKFRS3 HKAS 17 HKAS 32 & 39 HKFRS 3 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 HK$'000 Decrease in property, plant and equipment (72,589) (73,486) Increase in prepaid premium for land leases 72,589 73,486 Increase in other financial assets at fair value through profit and loss 1,786 Increase in other financial liabilities at fair value through profit and loss 1,541 Decrease in other payables (245) Increase in investments in associated companies 354 2. EARNINGS PER SHARE The calculation of basic earnings per share is based on the Group's unaudited consolidated profit attributable to equity holders of the Company of HK$23,264,000(2004:HK$31,631,000) for the period and on the weighted average number of 429,258,039(2004:429,258,039) shares of the Company in issue during the period.