Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
DYNAMIC HOLDINGS LIMITED達 力 集 團 有 限 公 司
(Incorporated in Bermuda with limited liability)
(Stock Code: 029) ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 30 JUNE 2016 RESULTSThe board of directors (the "Directors") of Dynamic Holdings Limited (the "Company") is pleased to announce that the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 30 June 2016 together with comparative figures for the previous year are as follows:
Consolidated Statement of Profit or Loss and Other Comprehensive Income Year ended 30 JuneNotes | 2016 HK$'000 | 2015 HK$'000 | |
Revenue | 3 | 103,870 | 103,437 |
Direct costs | (19,899) | (20,981) | |
Gross profit | 83,971 | 82,456 | |
Other gains or losses | 4 | 6,266 | 23,648 |
Increase in fair value of investment properties | 83,076 | 57,224 | |
Administrative expenses | (25,698) | (23,682) | |
Selling expenses | (792) | (479) | |
Finance costs | 5 | (4,243) | (4,791) |
Share of loss of a joint venture | (9,812) | (12,020) | |
Profit before taxation | 132,768 | 122,356 | |
Taxation | 6 | (36,652) | (18,891) |
Profit for the year | 96,116 | 103,465 | |
Other comprehensive (expense) income for the year Item that will not be reclassified subsequently to profit or loss: Exchange differences on translation to presentation currency | (164,681) | 13,092 | |
Total comprehensive (expense) income for the year | (68,565) | 116,557 |
Note | 2016 HK$'000 | 2015 HK$'000 | ||
Profit for the year attributable to: Owners of the Company | 95,085 | 101,586 | ||
Non-controlling interests | 1,031 | 1,879 | ||
96,116 | 103,465 | |||
Total comprehensive (expense) income | ||||
attributable to: Owners of the Company | (66,749) | 114,451 | ||
Non-controlling interests | (1,816) | 2,106 | ||
(68,565) | 116,557 | |||
Earnings per share (Hong Kong cents) Basic | 8 | 42.7 | 46.3 | |
Diluted | 40.7 | 43.5 |
Consolidated Statement of Financial Position | At 30 June | ||
Notes | 2016 HK$'000 | 2015 HK$'000 | |
Non-current Assets Property, plant and equipment | 1,743 | 2,012 | |
Investment properties | 9 | 1,926,240 | 2,000,101 |
Interest in a joint venture | 10 | 71,570 | 94,467 |
Amount due from a joint venture | 10 | 235,184 | 239,924 |
Pledged bank deposits | - | 2,278 | |
2,234,737 | 2,338,782 | ||
Current Assets Properties held for sale | 15,947 | 17,440 | |
Loan receivables Trade and other receivables | 11 | - 17,589 | - 14,815 |
Amount due from a non-controlling shareholder | 895 | 970 | |
Pledged bank deposits | 14,249 | 5,210 | |
Fixed bank deposits | 161,121 | 167,844 | |
Bank balances and cash | 83,598 | 84,985 | |
293,399 | 291,264 | ||
Current Liabilities Trade and other payables | 12 | 61,670 | 62,206 |
Tax payable | 96,800 | 102,231 | |
Bank loans - due within one year | 149,593 | 7,600 | |
308,063 | 172,037 | ||
Net Current (Liabilities) Assets | (14,664) | 119,227 | |
Total Assets less Current Liabilities | 2,220,073 | 2,458,009 |
At 30 June 2016 HK$'000 | 2015 HK$'000 | |
Capital and Reserves Share capital | 224,419 | 219,404 |
Reserves | 1,677,927 | 1,755,390 |
Equity attributable to owners of the Company | 1,902,346 | 1,974,794 |
Non-controlling interests | 34,154 | 36,572 |
Total Equity | 1,936,500 | 2,011,366 |
Non-current Liabilities Bank loans - due after one year | - | 164,592 |
Deferred tax liabilities | 283,573 | 282,051 |
283,573 | 446,643 | |
2,220,073 | 2,458,009 |
Dynamic Holdings Limited published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 September 2016 13:28:07 UTC.
Original documenthttp://file.irasia.com/listco/hk/dynamic/annual/2016/res.pdf
Public permalinkhttp://www.publicnow.com/view/BFF95B5F8867E7091064C0FB56C130E5A0A79F84