SuperRobotics Limited — Earnings Release 2004

Nov 15, 2004

GEM

BLU SPA<08176> - Results Announcement (Q1, 2004/2005, Summary)

Blu Spa Holdings Limited announced on 15/11/2004:
(stock code: 08176 )

Year end date :30/06/2005
Currency :HKD
Auditors' report :N/A
1st Quarterly Report Reviewed by :Audit Committee

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com

                                       (Unaudited)     (Unaudited) 
                           (Restated)
                                          Current Last Corresponding
                                           Period            Period
                                   from 01/07/2004   from 01/07/2003
                                     to 30/09/2004     to 30/09/2003
                                             $'000             $'000

Turnover : 658 615
Profit/(Loss) from Operations : (971) (1,136)
Finance cost : (45) N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (1,016) (1,129)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0017) (HKD 0.0019)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (1,016) (1,129)
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)

For and on behalf of
Blu Spa Holdings Limited

Signature :
Name : Chan Choi Har, Ivy
Title : Director

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

Remarks:

1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Company was incorporated in the Cayman Islands on 30 August,
2001 as an exempted company with limited liability under the
Companies Law Cap. 22 (Law 3 of 1961, as consolidated and revised) of
the Cayman Islands.

The unaudited condensed consolidated results for the three months ended
30 September 2004 have been prepared on a going concern basis.

1. Adoption of Hong Kong Financial Reporting Standard/Changes in
   Accounting Practice

In the current period, the Group has adopted the following
Hong Kong Financial Reporting Standards ("HKFRSs")
issued by the Hong Kong Institute of Certified Public
Accountants (the "HKICPA"), the term of HKFRSs is
inclusive of Statement of Standard Accounting Practice
("SSAPs") and the Interpretations approved by the HKICPA:

SSAP 12 (Revised) Income taxes

In the current period, the Group has adopted SSAP 12
(Revised) "Income Taxes". The principle effect of the
implementation of SSAP 12 (Revised) is in relation to deferred tax.
SSAP 12 (Revised) requires the adoption of a balance sheet liability
method, whereby deferred tax is recognized in respect of all temporary
differences between the carrying amounts of assets and liabilities in
the financial statements and the corresponding tax bases used in the
computation of taxable profits, with limited exceptions. In the
absence of any apecific transitional requirement in
SSAP 12 (Revised), the new accounting policy has been applied
retrospectively. Comparative amounts for 2003 have been restated
accordingly. The effect of the change is a decreased credit to the
income taxeson the current period of HK$Nil (2003: HK$7,000).

1. BUSINESS AND GEOGRAPHICAL SEGMENTS
   Turnover represents the net amounts received and receivable for goods
   sold and therapy services performed, less returns and allowances,
   by the Group to outside customers.

2. OTHER REVENUE
   Other Revenue for the three months ended 30 September 2004 mainly
   represents bank interest received and sundary income received.
   Whilst the other revenue for the previous corresponding period in 2003
   represented cash discount received from professional fee payment.

3. FINANCE COSTS
   The finance cost being the interest expenses payable to sharehoders'
   loans from Profit Trick Holdings Limited and Rocket High Investments
   Limited. The loan is repayable on demand and bear interest at Hong
   Kong Dollar prime lending rate quoted by HSBC from time to time.

4. TAXATION
   No provision for Hong Kong Profits Tax has been made for the three
   months ended 30 September 2004 and the corresponding period in
   2003, as the Group had no assessable profits for the respective year.

Resulted from the adoption of the SSAP 12 (Revised), a deferred tax
liability was resulted, which led to a credit to income taxes in the year
of HK$ Nil (2003: HK$ 7,000).

A deferred tax asset has not been recognised in the financial
statements in respect of tax losses available to offset future profits
as it is not certain that the tax losses will be utilised in the
foreseeable future.

1. DIVIDEND
   The directors do not recommend the payment of a dividend for the period
   ended 30 September 2004 (2003: Nil).

2. BASIC LOSS PER SHARE
   The calculation of the basic loss per share for the period ended 30
   September 2004 is based on the loss attributable to the shareholders
   of approximately HK$1.02 million (2003: HK$1.13 million); and on the
   weighted average number of ordinary shares of 606,800,000
   (2003: 606,800,000) ordinary shares of the Company
   in issue during the period.

No diluted loss per share for the three months ended 30 September 2004
was presented as the Company did not assume the exercise of
share option outstanding because the exercise prices of the Company��s
share options were higher than the average market price for shares.