SuperRobotics Limited — Interim / Quarterly Report 2004

May 11, 2004

GEM

BLU SPA<08176> - Results Announcement (Q3, 2003/2004, Summary)

Blu Spa Holdings Limited announced on 10/05/2004:
(stock code: 08176)

Year end date :30/06/2004
Currency :HKD
Auditors' report :N/A
3rd 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
(Restated)
(Unaudited) (Unaudited)
Current Last
Corresponding
Period Period
from 01/07/2003 from 01/07/2002
to 31/03/2004 to 31/03/2003
$'000 $'000

Turnover : 1,944 1,460
Profit/(Loss) from Operations : (3,513) (2,457)
Finance cost : (75) 0
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 : (3,588) (2,481)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD (0.0059) HKD (0.0060)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (3,588) (2,481)
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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

                                      For and on behalf of
                                    Blu Spa Holdings Limited

                        Signature :
                        Name      :      Hui Wing Lok
                        Title     :    Company Secretary

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 condensed consolidated results for the nine months ended 31
March, 2004 have been prepared on a going concern basis.

1. PRINCIPAL ACCOUNTING POLICES

The principal accounting policies adopted in preparing the unaudited
consolidated financial statements are consistent with accounting
policies used in the preparation of the Group's annual report
for the year ended 30 June, 2003.

The Group has adopted the revised Statement of Standard
Accounting Practice ("SSAP") 12 issued by the the Hong Kong
Society of Accountants, ("HKSA"). The principal effect of the
implementation of SSAP 12 (Revised) is in relation to deferred
tax. In previous years, partial provision was made for deferred tax
using the income statement liability method, i.e. a liability was
recognised in respect of timing differences arising,
except where those timing differences were
not expected to reverse in the foreseeable future. SSAP 12
(Revised) requires the adoption of a balance sheet liability method,
whereby deferred tax is recognised 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 specific transitional requirements 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 an increased debit to the income taxes
on the current period of HK$ Nil (2003: HK$ 24,000).

1. BUSINESS AND GEOGRAPHICAL SEGMENTS

Turnover represents the net amounts received and receivable for goods
sold, less returns and allowances, by the Group to outside customers.

1. OTHER REVENUE

Other Revenue for the nine months ended 31 March, 2004 mainly
represents the cash discount received from professional fee payment.
Whilst the Other Revenue for the previous corresponding period in
2003 represented waiver of loans due to directors.

1. TAXATION

No provision for Hong Kong Profits Tax has been made for the nine
months ended 31 March, 2004 and the corresponding period in
2003, as the Group had no assessable profits for the respective periods.

Resulted from the adoption of the SSAP 12 (Revised), a deferred tax
liability was resulted, which led to an increase debit to income taxes
in the current period of HK$ Nil (2003: HK$ 24,000).

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 nine
months ended 31 March, 2004 (2003: Nil).

1. BASIC LOSS PER SHARE

The calculation of the basic loss per share for the three months and
nine months ended 31 March, 2004 is based on the respective losses
attributable to the shareholders of approximately HK$1.4 million and
HK$3.6 million respectively and the 606,800,000 ordinary shares
of the Company in issue during the period.

The calculation of the basic loss per share for the three months and
nine months ended 31 March, 2003 was based on the respective losses
attributable to the shareholders of approximately HK$1.3 million and
HK$2.5 million respectively and the weighted average number of
427,493,333 and 415,745,985 ordinary shares of the Company,
comprising 410,000,000 shares in issue as at 1 July, 2002 and
196,800,000 shares allotted pursuant to the Open Offer on
24 March, 2003 were in issue throughout the respective periods.

No diluted loss per share for the nine months ended 31 March, 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.