Suncorp Technologies Limited — Interim / Quarterly Report 2004

Sep 22, 2004

Listed Company Information

Listed Company Information
DVN (HOLDINGS)<00500> - Results Announcement DVN (Holdings) Limited announced on 22/09/2004: (stock code: 00500 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 30/06/2004 to 30/06/2003 Note ('000 ) ('000 ) Turnover : 59,366 40,677 Profit/(Loss) from Operations : (15,382) (17,186) Finance cost : (915) (596) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : (597) (661) Profit/(Loss) after Tax & MI : (16,872) (18,269) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.04) (0.06) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (16,872) (18,269) 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 charging the following: 6 months ended 30th June 2004 2003 HK$'000 HK$'000 Cost of inventories sold 39,743 24,084 Staff costs (note 2) 14,556 10,881 Depreciation: Owned fixed assets 6,591 8,387 Leased fixed assets 22 - Amortisation of deferred development costs 2,346 622 Amortisation of film rights - 891 -------- ------- 2. Staff costs 6 months ended 30th June 2004 2003 HK$'000 HK$'000 Wages and salaries 18,550 17,568 Termination benefits 19 327 Contributions to the defined contribution schemes 752 994 Less: Costs capitalised (4,765) (8,008) -------- ------- 14,556 10,881 ======== ======= 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 2004 (2003: Nil). No deferred tax asset has been recognized relating to tax losses as the recoverability of this potential deferred tax asset is uncertain. 4. Preference dividends 6 months ended 30th June 2004 2003 HK$'000 HK$'000 DVN (Group) Limited, a wholly-owned subsidiary of the Company ------------------------------------------------------------- Dividends on 5% exchangeable preference shares 2,906 2,906 ------- ------- 5. Loss per share The calculation of basic loss per share is based on the Group's loss attributable to ordinary shareholders of HK$19,778,000 (2003: HK$21,175,000) and on the weighted average of 454,452,795 (2003: 376,734,826) ordinary shares in issue during the period. No diluted loss per share is shown for the two six months ended 30th June 2004 and 2003 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 2004 (2003: Nil).