Synagistics Limited — Earnings Release 2006

Jul 17, 2006

Listed Company Information

Listed Company Information
CONCEPTA INV<01140> - Results Announcement Concepta Investments Limited announced on 17/07/2006: (stock code: 01140 ) Year end date: 31/03/2006 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2005 from 01/04/2004 to 31/03/2006 to 31/03/2005 Note ($ ) ($ ) Turnover : 50,380,185 127,627,534 Profit/(Loss) from Operations : 8,182,257 (5,438,724) Finance cost : N/A 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 : 7,875,167 (5,437,498) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.079 (0.054) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 7,875,167 (5,437,498) Final Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Final 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 BASIS OF PREPARATION OF FINANCIAL STATEMENTS These financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards ("HKFRSs") issued by the Hong Kong Institute of Certified Public Accountants, accounting principles generally accepted in Hong Kong and the applicable disclosures required by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and by the Hong Kong Companies Ordinance. These financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain investments which are carried at their fair values. 2 ADOPTION OF NEW AND REVISED HONG KONG FINANCIAL REPORTING STANDARDS In the current year, the Company has adopted all the new and revised HKFRSs that are relevant to its operations and effective for accounting periods beginning on or after 1 January 2005. The adoption of these new and revised HKFRSs did not result in substantial changes to the Company's accounting policies and amounts reported for the current year and prior years excepted as stated below. 3 TURNOVER The Company is principally engaged in medium to long-term investments in listed and unlisted securities in the Greater China. An analysis of the Company's turnover is as follows: 2006 2005 HK$ HK$ (Restated) Proceeds from sale of financial assets at fair value through profit or loss/other investments 50,018,690 127,357,656 Dividend income from listed investments 361,495 269,878 ---------------------------- 50,380,185 127,627,534 ============================ In previous years, the Company's net gain on disposal of investments in listed equity securities was classified as a component of other income. During the current year, the Company included the proceeds from sale of investments in listed equity securities as a component of the Company's turnover with the corresponding carrying amount of listed equity securities disposed of being reported as cost of sales to better reflect the business nature of the Company and allow a more appropriate presentation of the Company's results. These changes in presentation have been applied retrospectively with comparatives restated as shown in the above and the income statement. 4 BASIC EARNINGS/(LOSS)PER SHARE The calculation of basic earnings/(loss) per share is based on the Company's profit for the year of HK$7,875,167 (2005: loss of HK$5,437,498) divided by the weighted average number of ordinary shares outstanding during the year, being 100,000,000 (2005: 100,000,000). There were no dilutive potential shares during the years ended 31 March 2006 and 2005, therefore, no diluted earnings/(loss) per share has been presented.