|
Financial Performance
| Consolidated Statement of Comprehensive Income |
| |
2012
HK$'000 |
2011
HK$'000 |
| Revenue |
588,628 |
739,832 |
| Cost of Sales |
(481,486) |
(615,724) |
| Gross Profit |
107,142 |
124,108 |
| Other income |
2,173 |
2,434 |
| Distribution and selling expenses |
(38,472) |
(42,555) |
| General and administrative expenses |
(63,242) |
(63,761) |
| Operating profit |
7,601 |
20,226 |
| Finance costs |
(991) |
(1,200) |
| Share of losses of associates |
(53) |
(62) |
| Profit before income tax |
6,557 |
18,964 |
| Income tax expense |
(2,593) |
(4,290) |
| Profit for the year |
3,964 |
14,674 |
| |
|
|
| Other comprehensive income |
| Currency translation differences |
| - Subsidiaries |
(4,372) |
2,800 |
| - Associates |
(12) |
(2) |
| |
|
|
| Total comprehensive (loss)/ income |
(420)
|
17,472 |
| Profit attributable to: |
| Enquity holders of the Company |
743
|
11,591 |
| Non-controlling interests |
3,221 |
3,083 |
| |
3,964 |
14,674 |
| |
| Total comprehensive (loss)/income attributable to: |
| Equity holders of the Company |
(1,839) |
13,012 |
| Non-controlling interests |
1,419 |
4,460 |
| |
(420) |
17,472 |
| |
Earnings per share for profit
attributable to the equity holders of
the Company during the year
- Basic and diluted
|
HK0.37 cents |
HK5.80 cents |
|
| Statements of Financial Position |
| |
Group
|
Company
|
| |
2012
HK$'000 |
2011
HK$'000 |
2012
HK$'000 |
2011
HK$'000 |
| Non-current assets |
| Property, plant and equipment |
12,829 |
13,400 |
- |
- |
| Intangible assets |
- |
- |
- |
- |
| Investments in subsidiaries |
- |
- |
98,508 |
101,742 |
| Investment in assoicates |
1,079 |
1,013
|
- |
- |
| |
13,908 |
14,413 |
98,508 |
101,742 |
| |
| Current assets |
| Inventories |
173,230 |
178,173 |
- |
- |
| Trade receivables |
67,074 |
71,752 |
- |
- |
| Other receivables |
7,361 |
7,768 |
- |
- |
| Amount due from a subsidiary |
- |
- |
2,283 |
- |
| Dividends receivable |
- |
- |
6,132 |
6,382 |
| Current Income tax recoverable |
1,771 |
1,848 |
- |
- |
| Cash and bank balances |
39,249 |
42,413 |
777 |
707
|
| |
288,685 |
301,954 |
9,192 |
7,089 |
| |
| Total assets |
302,593 |
316,367 |
107,700 |
108,831 |
| |
| Current liabilities |
| Trade payables |
41,383 |
43,920 |
- |
- |
| Other payables |
36,283 |
25,596 |
775 |
705 |
| Short-term bank loans |
45,326 |
53,382 |
- |
- |
| Current Income tax liabilities |
606 |
2,168 |
- |
- |
| |
| |
123,598 |
125,066 |
775 |
705
|
| |
| Net current assets |
165,087 |
176,888 |
8,417 |
6,384 |
| Total assets less current liabilities |
178,995 |
191,301 |
106,925 |
108,126 |
| |
| Non-current liabilities |
| Deferred income tax liabilities |
48 |
246
|
- |
- |
| |
| Net assets |
178,947 |
191,055 |
106,925 |
108,126 |
| |
|
| Capital and reserves attributable to the equity holders of the Company |
| Share Capital |
20,000 |
20,000 |
20,000 |
20,000 |
| Reserves |
142,655
|
150,619 |
86,925 |
88,126 |
| |
162,655 |
170,619 |
106,925 |
108,126 |
| |
| Non-controlling interests |
16,292 |
20,436 |
- |
- |
| |
| Total equity |
178,947 |
191,055
|
106,925 |
108,126 |
|
|
|
