Tomson Group Limited — Earnings Release 2003

Apr 15, 2004

Listed Company Information

Listed Company Information
TOMSON GROUP<00258> - Results Announcement Tomson Group Limited announced on 15/4/2004: (stock code: 00258 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 658,029 1,300,264 Profit/(Loss) from Operations : 123,658 188,751 Finance cost : (212) (946) Share of Profit/(Loss) of Associates : 1,064 (14) Share of Profit/(Loss) of Jointly Controlled Entities : (1,931) (3,392) Profit/(Loss) after Tax & MI : 83,380 156,146 % Change over Last Period : -46.6 % EPS/(LPS)-Basic (in dollars) : 0.0763 0.1439 -Diluted (in dollars) : 0.0759 0.1438 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 83,380 156,146 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 In the current year, the Group has adopted, for the first time, the following Hong Kong Financial Reporting Standards ("HKFRS") issued by the Hong Kong Society of Accountants ("HKSA"), the term of HKFRS is inclusive of Statements of Standard Accounting Practice ("SSAPs") and Interpretations approved by the HKSA. SSAP 12 (revised) Income Taxes SSAP 12 (revised) became effective for accounting periods commencing on or after 1st January, 2003. The SSAP 12 (revised) has been applied retrospectively and comparatives presented have been restated to conform to the changed policy. As a result, total deferred tax assets and liabilities as at 31st December, 2002 increased by HK$3,718,000 (2001: HK$5,187,000) and HK$35,595,000 (2001: HK$31,722,000) respectively. Therefore, opening retained earnings at 1st January, 2002 and 2003 have decreased by HK$27,019,000 and HK$32,029,000 respectively. The change has reduced the net profit for the year ended 31st December, 2002 by HK$5,010,000 (from HK$161,156,000 to HK$156,146,000). 2. Earnings Per Share The calculation of the basic and diluted earnings per share is based on the following data: Year ended 31st December 2003 2002 HK$'000 HK$'000 (Restated) Earnings Profit for the year for the purposes of basic and diluted earnings per share 83,380 156,146 ========== ========== Number of shares Weighted average number/number of ordinary shares for the purposes of basic earnings per share 1,093,494,317 1,084,749,112 Effect of dilutive potential ordinary shares: Options 5,319,098 736,788 ___________ ___________ Weighted average number for the purposes of diluted earnings per share 1,098,813,415 1,085,485,900 ============== =============