i-Cable Communications Limited — Earnings Release 2005

Mar 2, 2006

Listed Company Information

Listed Company Information
I-CABLE COMM<01097> - Results Announcement i-Cable Communications Limited announced on 02/03/2006: (stock code: 01097 ) 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 1 : 2,440,732 2,371,727 Profit/(Loss) from Operations 2 : 279,551 295,717 Finance cost : (134) (238) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 582,454 284,337 % Change over Last Period : +104.85 % EPS/(LPS)-Basic (in dollars) 3 : 0.288 0.141 -Diluted (in dollars) 3 : 0.288 0.141 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 582,454 284,337 Final Dividend : 5 cents 4.5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 15/05/2006 to 22/05/2006 bdi. Payable Date : 29/05/2006 B/C Dates for Annual General Meeting : 15/05/2006 to 22/05/2006 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The turnover of HK$2,441 million for the year ended 31st December, 2005 and HK$2,372 million for the previous year were both generated from continuing operations. (2) The profit from operations of HK$280 million for the year ended 31st December, 2005 and HK$296 million for the previous year were both generated from continuing operations. Profit from operations was arrived at after charging/(crediting): 2005 2004 HK$'000 HK$'000 Depreciation - assets held for use under operating leases 48,704 59,211 - other assets 431,885 472,902 Amortisation of programming library 79,624 92,860 Staff costs 716,751 669,959 Cost of inventories 18,499 21,866 Rentals payable under operating leases in respect of land and buildings 43,790 41,160 Contribution to defined contribution retirement plans 28,423 26,700 Auditors' remuneration - audit services 2,440 2,147 - other services 860 899 Dividend income from investment in equity securities (3,833) - Rentals receivable under operating leases in respect of: - sub-leased land and buildings (4,822) (4,725) - owned plant and machinery (99,498) (93,733) Net gain on disposal of property, plant and equipment (804) (1,499) ___________ _________ (3) The calculation of basic earnings per share was based on the profit attributable to shareholders of HK$582 million (2004: HK$284 million) and the weighted average number of ordinary shares in issue during the year of 2,019,234,400 (2004: 2,019,234,400). The calculation of diluted earnings per share was based on the weighted average number of ordinary shares of 2,019,234,400 (2004: 2,019,234,400) after adjusting for the effects of all dilutive potential ordinary shares.