Zall Smart Commerce Group Ltd. — Earnings Release 2003

Sep 18, 2003

Listed Company Information

ROADSHOW<00888> - Results Announcement (Summary) RoadShow Holdings Limited announced on 17/09/2003: (stock code: 00888 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 30/06/2003 to 30/06/2002 Note ('000 ) ('000 ) (Restated) Turnover : 63,651 112,675 Profit/(Loss) from Operations : (25,171) 75,792 Finance cost : (488) N/A Share of Profit/(Loss) of Associates : 1,274 N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (26,232) 61,362 % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0263) 0.0624 -Diluted (in dollars) : N/A 0.062 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (26,232) 61,362 Interim Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Interim 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. Change of accounting policy Deferred tax assets and liabilities In the 2002 interim report and the reports for previous years, deferred taxation was provided using the liability method in respect of the taxation effect arising from all material timing differences between the accounting and tax treatment of income and expenditure, which were expected with reasonable probability to crytallize in the foreseeable future. In the financial statements for the year ended 31 December 2002, the Group opted for the early adoption of the Statement of Standard Accounting Practice ("SSAP") 12 "Income taxes" with effect from 1 January 2002. As a result of the adoption of this accounting policy, the profit for the period ended 30 June 2002 has been increased by HK$1,329,000. Certaim comparative figures have been restated as a result of change in accounting policy to conform with the current period's presentation. 2. (Loss)/earnings per share (a) Basic loss /earnings per share The calculation of basic (loss)/earnings per share is based on the loss attributable to ordinary shareholders of HK$26,232,000 for the six months ended 30 June 2003 (six months ended 30 June 2002 as restated): profit attributable to ordinary shareholders of HK$61,362,000) and the weighted average of 997,365,332 ordinary shares (2002: 983,043,768 shares) in issue during the period. (b) Diluted earnings per share The exercise of the subscription rights conferred by the share options would not have any dilutive effect on the loss per share for the six months ended 30 June 2003. For the six months ended 30 June 2002, the calculation of diluted earnings per share is based on the profit attributable to shareholders of HK$61,362,000 for the period ended 30 June 2002 (restated) and the weighted average of 989,148,921 ordinary shares after adjusting for the effects of all dilutive potential ordinary shares. For more details, please refer to the press announcement today.