Walnut Capital Limited — Earnings Release 2003

Apr 28, 2004

Listed Company Information

Listed Company Information
HAYWOOD INV<00905> - Results Announcement Haywood Investment Limited announced on 28/4/2004: (stock code: 00905 ) 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 : 4 876 Profit/(Loss) from Operations : (11,799) (27,075) Finance cost : (61) (148) 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 : (11,808) (27,223) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0856) (0.236) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (11,808) (27,223) 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 These results have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards, which include all applicable Statements of Standard Accounting Practice ("SSAPs") and Interpretations, issued by the Hong Kong Society of Accountants ("HKSA") and the disclosure requirements of the Hong Kong Companies Ordinance. The financial statements also comply with the applicable disclosure provisions of the Rules Governing the Listing of Securities on the Stock Exchange. The financial statements are prepared under the historical cost convention as modified by the revaluation of certain investments in securities. In the current year, the Group has adopted, for the first time, SSAP 12 (Revised) Income Taxes issued by the HKSA. The adoption of SSAP 12 (Revised) has not resulted in any significant change to the current and prior years' net assets and results and accordingly, no prior year adjustment is required. 2. Included in loss from operations are the following material items :- 2003 2002 HK$'000 HK$'000 Impairment loss recognised in respect of investments in securities 8,800 20,995 Loss on disposal of listed investments 1,014 48 ======= ======= 3. Loss per share The calculation of the loss per share is based on the loss for the year of HK$11,808,000 (2002: HK$27,223,000) and on the weighted average number of 137,884,932 (2002: 115,342,466) shares in issue during the year.