Television Broadcasts Limited — Earnings Release 2004

Jul 26, 2004

Listed Company Information

Listed Company Information
CH CONSERVATION<00290> - Results Announcement China Conservational Power Holdings Limited announced on 26/7/2004: (stock code: 00290 ) Year end date: 31/03/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/4/2003 from 1/4/2002 to 31/3/2004 to 31/3/2003 Note ('000 ) ('000 ) Turnover : 166,243 199,222 Profit/(Loss) from Operations : (42,925) (37,068) Finance cost : (326) (106) Share of Profit/(Loss) of Associates : (294) (629) Share of Profit/(Loss) of Jointly Controlled Entities : (13,854) (2,645) Profit/(Loss) after Tax & MI : (57,198) (40,555) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.231) (0.185) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (57,198) (40,555) 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. TURNOVER Turnover represents the aggregate of the value of contract work carried out, sea freight forwarding service income, the proceeds from sales of goods, brokerage income, margin interest earned, secretarial service income and internet travel booking service income during the year, and is analysed as follows: 2004 2003 HK$'000 HK$'000 Electrical engineering contracting 104,812 168,749 Sea freight forwarding service income 34,637 - Sale of goods 19,782 29,741 Brokerage income from securities dealing4,960 516 Margin interest from securities brokerage business 1,400 520 Company secretarial service income 642 - Internet travel booking service income 10 196 _______ _______ 166,243 199,722 _______ _______ _______ _______ 2. IMPAIRMENT LOSSES 2004 2003 HK$'000 HK$'000 Impairment losses in respect of: Trading right in respect of securities trading - 900 Goodwill arising from acquisition of subsidiaries 22,010 1,112 ______ _____ 22,010 2,012 ______ _____ ______ _____ 3. TAXATION 2004 2003 HK$'000 HK$'000 The charge comprises: Company and subsidiaries Hong Kong Profits Tax Current year 324 465 Overprovision in prior years (238) (366) _____ _____ 86 99 Share of taxation attributable to the associates Taxation in other jurisdictions - 14 _____ _____ 86 113 _____ _____ _____ _____ Hong Kong Profits Tax is calculated at 17.5% (2003: 16%) of the estimated assessable profit for the year. Taxation in other jurisdictions is calculated at the rates prevailing in the respective jurisdictions. 4. DIVIDENDS No dividend has been paid or declared by the Company during the year. The directors do not recommend the payment of a dividend. 5. LOSS PER SHARE The calculation of the basic loss per share is based on the following data: 2004 2003 HK$'000 HK$'000 Loss for the purposes of basic loss per share (57,198) (40,555) ______ ________ ______ ________ '000 '000 Weighted average number of ordinary shares for the purposes of basic loss per share 247,697 218,649 _______ _______ _______ _______ No diluted loss per share has been presented as the exercise of the Company's outstanding share options would result in a decrease in the loss per share.