Walnut Capital Limited — Earnings Release 2004

Apr 26, 2005

Listed Company Information

Listed Company Information
HAYWOOD INV<00905> - Results Announcement (Summary) Haywood Investment Limited announced on 26/04/2005: (stock code: 00905 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 Note ('000 ) ('000 ) Turnover : 49 4 Profit/(Loss) from Operations : (7,100) (11,799) Finance cost : (7) (61) 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 : (7,107) (11,808) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.32) (0.61) (Restated) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (7,107) (11,808) 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 The financial result are prepared in accordance with and comply with all applicable Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA"). The financial statements also comply with the applicable disclosure provisions of the Rules Governing the Listing of Securities on the Stock Exchange (the " Listing Rules"). The financial statements are prepared under the historical cost convention as modified by the revaluation of investments in securities. 2. Included in loss from operations are the following material items:- 2004 2003 HK$'000 HK$'000 Impairment loss recognised in respect of investments in unlisted securities 3,808 8,808 Loss on disposal of listed investments - 1,014 ====== ======= 3. Loss per share The calculation of the basic loss per share is based on the loss for the year of HK$7,107,000 (2003: HK$11,808,000) and on the weighted average number of 22,337,049 (2003: 19,384,110 restated) shares is issue during the year after adjusting for the effect of the two for five share consolidation subsequent to the balance sheet date. The weighted average number of shares in issue for the previous year have similarly been adjusted for the effect of the share consolidation. Diluted loss per share amounts have not been presented because there were no potential ordinary shares in existence for both years.