Shanghai Able Digital Science&Tech Co., Ltd. — Earnings Release 2003

Apr 15, 2004

Listed Company Information

Listed Company Information
CITIC RESOURCES<01205> - Results Announcement CITIC Resources Holdings Limited announced on 15/4/2004: (stock code: 01205 ) 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 ('000 ) ('000 ) Turnover : 24,535 24,003 Profit/(Loss) from Operations : (51,834) (15,217) Finance cost : (171) N/A 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 : (52,005) (15,217) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0158) (0.0056) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (52,005) (15,217) 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 (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. ADOPTION OF SSAP 12 (Revised) "Income Taxes" In the current year, the Group has adopted, for the first time, SSAP 12 (Revised) "Income Taxes", issued by the Hong Kong Society of Accountants, which is effective for financial statements relating to accounting periods commencing on or after 1 January 2003. Under the revised SSAP 12, deferred tax liabilities are provided in full on all taxable temporary differences while deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences can be utilized. Although the new accounting policy has been applied retrospectively, it has not had any material effect on the financial results of the Group for the current or prior accounting periods. Accordingly, no prior period adjustment has been made but certain comparative figures for 2002 have been restated to conform with the current year's presentation. 2. LOSS PER SHARE The calculation of the basic loss per share is based on the consolidated net loss attributable to shareholders of the Company for the year of HK$52,005,000 (2002: HK$15,217,000) and the weighted average of 3,296,470,588 (2002: 2,738,162,772) ordinary shares in issue during the year. A diluted loss per share amount for the year ended 31 December 2003 has not been presented because no dilutive events exist during the year. A diluted loss per share amount for the year ended 31 December 2002 has not been presented as the effect of the potential ordinary shares arising from the conversion of the Notes would have been anti-dilutive.