Corporate Information
PLACE OF INCORPORATION
Hong Kong
BOARD OF DIRECTORS
Executive Directors
Lam Kin Ngok, Peter, GBM, GBS (Chairman) Chew Fook Aun (Deputy Chairman)
Lam Hau Yin, Lester
(also alternate director to U Po Chu) Lam Kin Hong, Matthew
U Po Chu
Independent Non-executive Directors
Chow Bing Chiu
Lam Bing Kwan
Leung Shu Yin, William
AUDIT COMMITTEE
Leung Shu Yin, William (Chairman)
Chow Bing Chiu
Lam Bing Kwan
NOMINATION COMMITTEE
Lam Kin Ngok, Peter, GBM, GBS (Chairman)
Chew Fook Aun (alternate to Lam Kin Ngok, Peter) Chow Bing Chiu
Lam Bing Kwan
SHARE REGISTRAR AND TRANSFER OFFICE
Tricor Tengis Limited
17/F, Far East Finance Centre
16 Harcourt Road
Hong Kong
INDEPENDENT AUDITOR
Ernst & Young
Certified Public Accountants
Registered Public Interest Entity Auditor
PRINCIPAL BANKERS
Agricultural Bank of China Limited
Bank of China Limited
Bank of Communications Co., Ltd.
The Bank of East Asia, Limited
China Construction Bank (Asia) Corporation Limited
Chong Hing Bank Limited
Dah Sing Bank, Limited
DBS Bank Ltd.
Hang Seng Bank Limited
The Hongkong and Shanghai Banking
Corporation Limited
Industrial and Commercial Bank of China Limited
Oversea-Chinese Banking Corporation Limited
Shanghai Pudong Development Bank Co., Ltd.
Standard Chartered Bank (Hong Kong) Limited
United Overseas Bank Limited
REMUNERATION COMMITTEE
Lam Bing Kwan (Chairman)
Chew Fook Aun
Chow Bing Chiu
Leung Shu Yin, William
COMPANY SECRETARY
Tse Pik Ha
REGISTERED OFFICE / PRINCIPAL OFFICE
11th Floor
Lai Sun Commercial Centre
680 Cheung Sha Wan Road
Kowloon, Hong Kong
Tel: (852) 2741 0391
Fax: (852) 2785 2775
AUTHORISED REPRESENTATIVES
Lam Kin Ngok, Peter, GBM, GBS
Chew Fook Aun
SHARES INFORMATION
Place of Listing
The Main Board of The Stock Exchange of Hong Kong Limited
Stock Code / Board Lot 191 / 1,000 shares
American Depositary Receipt
CUSIP Number: | 50171P102 |
Trading Symbol: | LGRTY |
ADR to Ordinary Share Ratio: | 1:20 |
Depositary Bank: | The Bank of |
New York Mellon |
WEBSITE
www.laisun.com
INVESTOR RELATIONS
Tel: | (852) 2853 6116 |
Fax: | (852) 2853 6651 |
Email: ir@laisun.com
Interim Report 2022-2023 • LAI SUN GARMENT (INTERNATIONAL) LIMITED
1
The board of directors (the "Board") of Lai Sun Garment (International) Limited (the "Company") presents the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 31 January 2023 together with the comparative figures of the last corresponding period as follows:
Condensed Consolidated Income Statement
For the six months ended 31 January 2023
Six months ended | ||||
31 January | ||||
2023 | 2022 | |||
(Unaudited) | (Unaudited) | |||
Notes | HK$'000 | HK$'000 | ||
TURNOVER | 4 | 2,512,885 | 2,770,827 | |
Cost of sales | (1,560,039) | (1,761,779) | ||
Gross profit | 952,846 | 1,009,048 | ||
Other revenue and gains | 226,995 | 155,649 | ||
Selling and marketing expenses | (127,299) | (139,849) | ||
Administrative expenses | (492,909) | (465,057) | ||
Other operating expenses | (600,171) | (748,880) | ||
Fair value (losses)/gains on investment properties, net | (916,052) | 12,692 | ||
LOSS FROM OPERATING ACTIVITIES | 5 | (956,590) | (176,397) | |
Finance costs | 6 | (582,446) | (495,667) | |
Share of profits and losses of associates | (2,765) | 2,079 | ||
Share of profits and losses of joint ventures | (30,711) | 87,283 | ||
LOSS BEFORE TAX | (1,572,512) | (582,702) | ||
Tax | 7 | (51,425) | (132,469) | |
LOSS FOR THE PERIOD | (1,623,937) | (715,171) | ||
Attributable to: | ||||
Owners of the Company | (818,604) | (323,785) | ||
Non-controlling interests | (805,333) | (391,386) | ||
(1,623,937) | (715,171) | |||
LOSS PER SHARE ATTRIBUTABLE TO | ||||
OWNERS OF THE COMPANY | 8 | (Adjusted) | ||
Basic and diluted | (HK$1.238) | (HK$0.522) | ||
2
LAI SUN GARMENT (INTERNATIONAL) LIMITED • Interim Report 2022-2023
Condensed Consolidated Statement of Comprehensive Income
For the six months ended 31 January 2023
Six months ended | ||||
31 January | ||||
2023 | 2022 | |||
(Unaudited) | (Unaudited) | |||
HK$'000 | HK$'000 | |||
LOSS FOR THE PERIOD | (1,623,937) | (715,171) | ||
OTHER COMPREHENSIVE (EXPENSE)/INCOME | ||||
Other comprehensive (expense)/income that may be reclassified to | ||||
profit or loss in subsequent periods: | ||||
Changes in fair values of financial assets at fair value through other | ||||
comprehensive income | 1,945 | (437) | ||
Exchange realignments | (79,130) | 287,764 | ||
Share of other comprehensive income/(expense) of associates | 7,625 | (805) | ||
Share of other comprehensive income/(expense) of joint ventures | 605 | (2,613) | ||
Release of exchange reserve upon deregistration/dissolution of | ||||
a subsidiary | (10,274) | (176) | ||
Reclassification of reserve upon return of capital from a subsidiary | (13,511) | 29,965 | ||
(92,740) | 313,698 | |||
Other comprehensive expense that will not be reclassified to | ||||
profit or loss in subsequent periods: | ||||
Changes in fair values of financial assets at fair value through other | ||||
comprehensive income | (8,587) | (17,537) | ||
OTHER COMPREHENSIVE (EXPENSE)/INCOME FOR THE PERIOD | (101,327) | 296,161 | ||
TOTAL COMPREHENSIVE EXPENSE FOR THE PERIOD | (1,725,264) | (419,010) | ||
Attributable to: | ||||
Owners of the Company | (836,445) | (266,230) | ||
Non-controlling interests | (888,819) | (152,780) | ||
(1,725,264) | (419,010) | |||
Interim Report 2022-2023• LAI SUN GARMENT (INTERNATIONAL) LIMITED
3
Condensed Consolidated Statement of Financial Position
As at 31 January 2023
31 January | 31 July | ||
2023 | 2022 | ||
(Unaudited) | (Audited) | ||
Notes | HK$'000 | HK$'000 | |
NON-CURRENT ASSETS | |||
Property, plant and equipment | 6,727,310 | 6,881,760 | |
Right-of-use assets | 4,666,857 | 4,921,424 | |
Investment properties | 39,357,592 | 39,773,022 | |
Film rights | 16,688 | 19,162 | |
Film and TV program products | 61,861 | 61,174 | |
Music catalogs | - | 663 | |
Goodwill | 219,674 | 207,792 | |
Other intangible assets | 137,913 | 132,883 | |
Investments in associates | 362,738 | 312,172 | |
Investments in joint ventures | 6,562,340 | 6,826,143 | |
Financial assets at fair value through other comprehensive income | 1,710,898 | 1,719,499 | |
Financial assets at fair value through profit or loss | 1,041,332 | 982,368 | |
Debtors | 9 | 497,182 | 493,643 |
Deposits, prepayments, other receivables and other assets | 759,155 | 723,789 | |
Deferred tax assets | 2,049 | 2,118 | |
Pledged and restricted bank balances and time deposits | 95,477 | 96,010 | |
Total non-current assets | 62,219,066 | 63,153,622 | |
CURRENT ASSETS | |||
Properties under development | 5,974,233 | 5,578,110 | |
Completed properties for sale | 5,405,267 | 5,870,725 | |
Films and TV programs under production and film investments | 286,651 | 317,109 | |
Inventories | 81,980 | 59,612 | |
Financial assets at fair value through other comprehensive income | - | 115,813 | |
Financial assets at fair value through profit or loss | 23,985 | 120,452 | |
Derivative financial instruments | - | 25,473 | |
Debtors | 9 | 378,618 | 406,143 |
Deposits, prepayments, other receivables and other assets | 910,884 | 774,279 | |
Prepaid tax | 102,356 | 140,467 | |
Pledged and restricted bank balances and time deposits | 1,509,494 | 2,493,403 | |
Cash and cash equivalents | 4,173,643 | 5,447,861 | |
18,847,111 | 21,349,447 | ||
Assets classified as held for sale | 1,851 | 1,855 | |
Total current assets | 18,848,962 | 21,351,302 | |
4
LAI SUN GARMENT (INTERNATIONAL) LIMITED • Interim Report 2022-2023
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Lai Sun Garment (International) Limited published this content on 15 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2023 11:24:22 UTC.