Suncorp Technologies Limited — Interim / Quarterly Report 2003

Sep 11, 2003

Listed Company Information

DVN (HOLDINGS)<00500> - Results Announcement DVN (Holdings) Limited announced on 11/09/2003: (stock code: 00500 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 30/06/2003 to 30/06/2002 Note ('000 ) ('000 ) Turnover : 40,677 37,906 Profit/(Loss) from Operations : (17,186) (26,035) Finance cost : (596) (991) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : (661) (212) Profit/(Loss) after Tax & MI : (18,269) (26,422) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.06) (0.08) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (18,269) (26,422) 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. Operating loss Operating loss is stated after crediting and charging the following: 6 months ended 30th June 2003 2002 HK$'000 HK$'000 Crediting Gain on disposal of fixed assets - 33 ------------------------------ Charging Cost of inventories sold 24,084 19,641 Staff costs (note 2) 10,881 14,896 Depreciation: Owned fixed assets 8,387 6,676 Leased fixed assets - 61 Amortisation of deferred development costs and film rights 1,513 3,907 ------------------------------- 2. Staff costs 6 months ended 30th June 2003 2002 HK$'000 HK$'000 Wages and salaries 17,568 21,614 Termination benefits 327 - Contributions to the defined contribution schemes 994 1,555 Less: Costs capitalised (8,008) (8,273) ------------------------------- 10,881 14,896 =============================== 3. Taxation No profits tax has been provided as the Group did not generate any assessable profits in Hong Kong or overseas during the six months ended 30th June 2003 (2002: Nil). No deferred tax asset has been recognized relating to tax losses as the recoverability of this potential deferred tax assets is uncertain. 4. Preference dividends 6 months ended 30th June 2003 2002 HK$'000 HK$'000 The Company Dividends on 5% redeemable, convertible preference shares - 276 DVN (Group) Limited Dividends on 5% exchangeable preference shares 2,906 2,906 ------------------------------ 2,906 3,182 5. Loss per share The calculation of basic loss per share is based on the Group's loss attributable to ordinary shareholders of HK$21,175,000 (2002: HK$29,604,000) and on the weighted average of 376,734,826 (2002: 360,539,115) ordinary shares in issue during the period. No diluted loss per share is shown for the two six months ended 30th June 2003 and 2002 because the share options and exchangeable preference shares outstanding had an anti-dilutive effect on the basic loss per share for both periods. 6. Interim dividend No interim dividend has been declared during the period ended 30th June 2003 (2002: Nil) 7. Comparative figures Due to the adoption of revised Statements of Standard Accounting Practice, certain comparative figures have been reclassified to conform to current period's presentation.