Suncorp Technologies Limited — Interim / Quarterly Report 2005

Sep 15, 2005

Listed Company Information

Listed Company Information
DVN (HOLDINGS)<00500> - Results Announcement DVN (Holdings) Limited announced on 15/09/2005: (stock code: 00500 ) Year end date: 31/12/2005 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 30/06/2005 to 30/06/2004 Note ('000 ) ('000 ) Turnover : 85,537 59,366 Profit/(Loss) from Operations : (12,480) (16,048) Finance cost : (50) (915) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : (179) (597) Profit/(Loss) after Tax & MI : (12,709) (17,538) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.03) (0.04) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (12,709) (17,538) 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 2005 2004 (Restated) HK$'000 HK$'000 Cost of inventories sold 60,034 39,743 Staff costs (note 2) 15,545 15,222 Depreciation: Owned fixed assets 5,535 6,591 Leased fixed assets 22 22 Amortisation of deferred development costs 2,164 2,346 -------- -------- 2. Staff costs 6 months ended 30th June 2005 2004 (Restated) HK$'000 HK$'000 Wages and salaries 19,892 18,550 Termination benefits 79 19 Contributions to the defined contribution schemes 465 752 Share-based payment 666 666 Less: Costs capitalised (5,557) (4,765) -------- -------- 15,545 15,222 -------- -------- 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 2005 (2004: 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 2005 2004 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$15,615,000 (restated 2004: HK$20,444,000) and on the weighted average of 580,755,104 (2004: 454,452,795) ordinary shares in issue during the period. No diluted loss per share is shown for the two six months ended 30th June 2005 and 2004 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 2005 (2004: Nil). 7. Comparative figures Due to the adoption of new Hong Kong Accounting Standard, certain comparative figures have been restated to conform with the current period's classifications and presentations.