Tomson Group Limited — Earnings Release 2005

Apr 25, 2006

Listed Company Information

Listed Company Information
CHINA VELOCITY<00149> - Results Announcement China Velocity Group Limited announced on 25/04/2006: (stock code: 00149 ) Year end date: 31/12/2005 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 31/12/2005 to 31/12/2004 Note ('000 ) ('000 ) Turnover : 15,481 12,605 Profit/(Loss) from Operations : (16,068) (224,463) Finance cost : (16,512) (6,472) 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 : (32,589) (235,515) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.12) (0.85) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (32,589) (235,515) 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. APPLICATION OF HONG KONG FINANCIAL REPORTING STANDARDS In the current year, the Group has applied, for the first time, a number of new Hong Kong Financial Reporting Standards ("HKFRSs"), Hong Kong Accounting Standards ("HKASs") and Interpretations (hereinafter collectively referred to as "new HKFRSs") issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") that are effective for accounting periods beginning on or after 1st January 2005. The application of the new HKFRSs has resulted in a change in the presentation of the consolidated income statement, consolidated balance sheet and consolidated statement of changes in equity. In particular, the presentation of minority interests have been changed. The changes in presentation have been applied retrospectively. The adoption of the new HKFRSs has had no material effect on the results for the current or prior accounting years. 2. LOSS PER SHARE The calculation of the basic loss per share attributable to the equity holders of the Company is based on the loss attributable to the equity holders of the Company of HK$32,589,000 (2004: HK$235,515,000) and on 277,408,596 (2004: 277,408,596) ordinary shares in issue during the year. No diluted loss per share has been presented as there is no potential ordinary share in issue during both years.