Samsonite Group S.A. — Interim / Quarterly Report 2006

Sep 26, 2006

Listed Company Information

Listed Company Information
RICHE M-MEDIA<00764> - Results Announcement Riche Multi-Media Holdings Limited announced on 26/09/2006: (stock code: 00764 ) Year end date: 31/12/2006 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2006 from 01/01/2005 to 30/06/2006 to 30/06/2005 Note ('000 ) ('000 ) Turnover : 12,762 31,573 Profit/(Loss) from Operations : (472) (15,123) Finance cost : (668) (142) 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 : (1,140) (15,265) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0002) (0.0032) -Diluted (in dollars) : (0.0002) (0.0032) Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (1,140) (15,265) Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A 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 The unaudited condensed consolidated interim financial statements (the " Interim Financial Statements") have been prepared in accordance with Hong Kong Accounting Standard ("HKAS") 34 "Interim Financial Reporting" issued by Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements set out in Appendix 16 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Interim Financial Statements have been prepared on the historical cost basis except for investment properties and financial assets at fair value through profit or loss, which are measured at fair values. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies and methods of computation used in the preparation of the Interim Financial Statements are the same as those used in the annual financial statements for the year ended 31 December 2005 except in relation to the following new and revised Hong Kong Financial Reporting Standards ("HKFRSs", which also includes HKASs and Interpretations) which are generally effective and are relevant to the Group's operations for accounting periods beginning on or after 1 January 2006 and are adopted the first time by the Group for the current period's financial statements: HKAS 19 (Amendment) Actuarial Gains and Losses, Group Plans and Disclosures HKAS 21 (Amendment) Net Investment in a Foreign Operation HKAS 39 & HKFRS 4 Financial Guarantee Contracts (Amendment) HKAS 39 (Amendment) Cash Flow Hedge Accounting of Forecast Intragroup Transaction HKAS 39 (Amendment) The Fair Value Option HKFRS - Int 4 Determining whether an Arrangement contains a Lease The adoption of the above HKFRSs has no material impact on the accounting policies and the results and financial position of the Group. The Group has not early adopted the following new standards, amendments or interpretations that have been issued but are not yet effective. HKAS 1 (Amendement) Capital disclosures HKFRS 7 Financial Instrument: disclosures HK(IFRIC) - Int 7 Applying the restatement approach under HKAS 29 financial reporting in hyperinflationary economies HK(IFRIC) - Int 8 Scope of HKFRS 2 HK(IFRIC) - Int 9 Reassessment of embedded derivatives 3. TURNOVER Six months ended 30 June 2006 2005 HK$'000 HK$'000 (Unaudited) (Unaudited) Distribution 122 4,961 Sub-licensing 200 8,189 Sales of available-for-sale financial assets 12,440 18,423 -------- -------- 12,762 31,573 ======== ======== 4. LOSS FROM OPERATIONS Six months ended 30 June 2006 2005 HK$'000 HK$'000 (Unaudited) (Unaudited) (a) Loss from operations has been arrived at after charging: Impairment loss recognised in respect of goodwill - 7,656 Amortisation of film rights (included in cost of sales) - 7,109 Cost of inventories (included in cost of sales) 10 33 Depreciation and amortisation of property, plant and equipment: 351 441 Loss on disposal of property, plant and equipment 1,034 - Provision for impairment of trade receivables 1,050 - Provision for impairment of deposits, prepayments and other receivables 131 - Staff costs including directors' emoluments: - Salaries and other allowances 3,205 3,184 - Contributions to retirement benefits scheme 62 76 Unrealised loss on financial assets at fair value through profit or loss - 2,215 ======== ======== (b) Other revenue Bank interest income 2,514 13 Dividend income 576 523 -------- --------- 3,090 536 ======== ========= 5. LOSS PER SHARE The calculation of the basic and diluted loss per share is based on the following data: Six months ended 30 June 2006 2005 HK$'000 HK$'000 (Unaudited) (Unaudited) Loss for the purposes of basic and diluted loss per share - net loss for the period (1,140) (15,265) ======== ========= Number of shares 30 June 2006 30 June 2005 '000 '000 Weighted average number of ordinary shares for the purposes of basic and diluted loss per share 5,220,534 4,754,018 ========== ========== The computation of diluted loss per share for the six months ended 30 June 2006 and 2005 did not assume the exercise of the Company's share options as the effect of the assumed exercise of the Company's outstanding share options would be anti-dilutive.