Synagistics Limited — Earnings Release 2004

Jul 15, 2004

Listed Company Information

Listed Company Information
CONCEPTA INV<01140> - Results Announcement Concepta Investments Limited announced on 15/7/2004: (stock code: 01140 ) Year end date: 31/3/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/4/2003 from 26/7/2002 to 31/3/2004 to 31/3/2003 Note ($ ) ($ ) Turnover : 656,048 N/A Profit/(Loss) from Operations : 17,306,617 (319,784) Finance cost : (57) N/A Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 14,478,334 (319,784) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.145 (0.034) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 14,478,334 (319,784) Final Dividend : $0.10 Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 18/8/2004 to 20/8/2004 bdi. Payable Date : 30/8/2004 B/C Dates for Annual General Meeting : 18/8/2004 to 20/8/2004 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The Company is an investment company incorporated with limited liability as an exempted company in the Cayman Islands on 26th July 2002. The Company's shares have been listed on The Stock Exchange of Hong Kong Limited with effect from 20th March 2003. (2) Basis of preparation of the financial statements The financial statements have been prepared in accordance with accounting principles generally accepted in Hong Kong and comply with accounting standards issued by the Hong Kong Society of Accountants ("HKSA"). They have been prepared under the historical cost convention, except that, certain investment in securities are stated at fair value. In the current year, the Company has adopted the revised Hong Kong Statement of Standard Accounting Practice 12 "Income Taxes" ("SSAP 12 (revised)") issued by the HKSA which is effective for accounting periods commencing on or after 1st January 2003. The principal effect of the implementation of SSAP 12 (revised) is in relation to deferred taxation. In previous period, partial provision was made for deferred taxation using the income statement liability method in which 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 taxation 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 profit, with limited exceptions. This change in accounting policy has not had any material effect on the results for the prior accounting period. Accordingly, no prior period adjustment has been required. (3) Turnover The Company principally engaged in medium- to long-term investments in listed and unlisted securities in the Greater China. Turnover represented dividend income from investments in securities during the year. (4) Basic earnings / (loss) per share The calculation of basic earnings / (loss) per share is based on the Company's net profit attributable to shareholders of HKD14,478,334 (2003: Net loss of HKD319,784) divided by the weighted average number of ordinary shares outstanding during the year, being 100,000,000 (2003: 9,375,000). There were no dilutive potential shares during the year ended 31st March 2004 and period ended 31st March 2003, therefore, no diluted earnings/ (loss) per share has been presented.