Television Broadcasts Limited — Earnings Release 2005

Jul 25, 2005

Listed Company Information

Listed Company Information
CH CONSERVATION<00290> - Results Announcement China Conservational Power Holdings Limited announced on 25/07/2005: (stock code: 00290 ) Year end date: 31/03/2005 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/04/2004 from 01/04/2003 to 31/03/2005 to 31/03/2004 Note ('000 ) ('000 ) Turnover : 102,427 166,243 Profit/(Loss) from Operations : (90,756) (42,925) Finance cost : (394) (326) Share of Profit/(Loss) of Associates : (3,596) (294) Share of Profit/(Loss) of Jointly Controlled Entities : (2,601) (13,854) Profit/(Loss) after Tax & MI : (94,376) (57,198) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.279) (0.231) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (94,376) (57,198) 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, interest income from unsecured loans, company secretarial service income and internet travel booking service income during the year, and is analysed as follows: 2005 2004 ------- ------- HK$'000 HK$'000 Electrical engineering contracting 43,307 104,812 Sea freight forwarding service income 49,010 34,637 Sales of goods 4,616 19,782 Brokerage income from securities dealing 2,405 4,960 Margin interest from securities brokerage business 1,554 1,400 Interest income from unsecured loans 1,499 - Others 36 652 ----------------------- 102,427 166,243 ======================= 2. IMPAIRMENT LOSSES 2005 2004 ------- ------- HK$'000 HK$'000 Impairment losses in respect of: Investments in unlisted other investments 10,700 - Goodwill arising from acquisition of an associate 5,364 - Goodwill arising from acquisition of subsidiaries 2,373 22,010 ----------------------- 18,437 22,010 ======================= 3. TAXATION 2005 2004 ------- ------- HK$'000 HK$'000 The charge comprises: Company and subsidiaries Hong Kong Profits Tax Current year - 324 Underprovision (overprovision) in prior years 36 (238) ----------------------- 36 86 ======================= Hong Kong Profits Tax is calculated at 17.5% (2004: 17.5%) 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 final dividend. 5. LOSS PER SHARE The calculation of the basic loss per share is based on the following data: 2005 2004 ------- ------- HK$'000 HK$'000 Loss for the purposes of basic loss per share (94,376) (57,198) ======================== '000 '000 Weighted average number of ordinary shares for the purposes of basic loss per share 338,518 247,697 ======================== 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.