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眾安房產有限公司
ZHONG AN REAL ESTATE LIMITED(incorporated in the Cayman Islands with limited liability)
(Stock code: 672)Percentage of
2015 | 2014 | increase | |
Revenue (RMB million) | 2,883.1 | 1,550.1 | 86.0 |
Profit attributable to owners of the parent (RMB million) | 420.6 | 319.7 | 31.6 |
Basic earnings per share (RMB) | 0.18 | 0.14 | 28.6 |
The board of directors (the "Board") of Zhong An Real Estate Limited (the "Company") is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively referred to as the "Group") for the year ended 31 December 2015 together with the comparative amounts for the previous year. The annual results have been reviewed by the audit committee of the Company:
CONSOLIDATED STATEMENT OF PROFIT OR LOSS | Notes | 2015 | 2014 |
RMB'000 | RMB'000 | ||
Revenue | 5 | 2,883,146 | 1,550,105 |
Cost of sales | (2,426,128) | (1,159,561) | |
Gross profit | 457,018 | 390,544 | |
Other income and gains | 5 | 276,344 | 43,567 |
Selling and distribution expenses | (208,848) | (135,519) | |
Administrative expenses | (299,769) | (304,073) | |
Other expenses | (5,616) | (7,022) | |
Fair value gain upon transfer to investment properties | 796,581 | 656,784 | |
Changes in fair value of investment properties | 29,361 | 33,200 | |
Finance costs Share of profits and losses of: Joint ventures | 6 | (34,269) (2,208) | (37,809) (259) |
Profit before tax | 7 | 1,008,594 | 639,413 |
Income tax expense | 8 | (415,292) | (237,657) |
Profit for the year | 593,302 | 401,756 | |
Attributable to: Owners of the parent | 420,608 | 319,725 | |
Non-controlling interests | 172,694 | 82,031 | |
593,302 | 401,756 | ||
Earnings per share attributable to ordinary equity holders of the parent (RMB) | 10 | ||
Basic | 18 cents | 14 cents | |
Diluted | 18 cents | 14 cents |
RMB'000 RMB'000
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Exchange differences on translation of the financial
to profit or loss in subsequent periods | (12,933) | 3,980 |
Total comprehensive income for the year | 580,369 | 405,736 |
Attributable to: Owners of the parent | 407,675 | 323,705 |
Non-controlling interests | 172,694 | 82,031 |
580,369 | 405,736 |
statements of foreign subsidiaries (12,933) 3,980 Net other comprehensive income to be reclassified
Notes | 2015 RMB'000 | 2014 RMB'000 | |
NON-CURRENT ASSETS Property and equipment | 182,711 | 188,068 | |
Investment properties | 5,244,100 | 3,773,200 | |
Properties under development | 4,588,912 | 8,444,787 | |
Goodwill | - | - | |
Available-for-sale investments | 3,300 | 3,300 | |
Long term prepayments | 359,321 | 80,712 | |
Investments in joint ventures | 774 | 46,228 | |
Loans and receivables from a joint venture | - | 390,931 | |
Deferred tax assets | 184,258 | 201,926 | |
Restricted cash | 90,100 | - | |
Total non-current assets | 10,653,476 | 13,129,152 | |
CURRENT ASSETS Completed properties held for sale | 4,506,299 | 4,339,181 | |
Properties under development | 4,661,802 | 1,181,754 | |
Inventories | 10,628 | 9,608 | |
Trade and bills receivables | 11 | 72,198 | 16,954 |
Prepayments, deposits and other receivables | 537,972 | 433,045 | |
Equity investments at fair value through | |||
profit or loss | 558 | 815 | |
Loans and receivables from a joint venture | - | 29,769 | |
Restricted cash | 162,216 | 620,123 | |
Cash and cash equivalents | 1,454,458 | 969,306 | |
11,406,131 | 7,600,555 | ||
Investment property classified as held for sale | 29,800 | 31,000 | |
Total current assets | 11,435,931 | 7,631,555 | |
CURRENT LIABILITIES Trade payables | 12 | 2,320,479 | 1,784,709 |
Other payables and accruals | 782,531 | 507,943 | |
Advances from customers | 3,569,147 | 3,124,840 | |
Interest-bearing bank and other borrowings | 2,213,181 | 2,045,636 | |
Tax payable | 677,684 | 619,909 | |
Total current liabilities | 9,563,022 | 8,083,037 | |
NET CURRENT (LIABILITIES)/ASSETS | 1,872,909 | (451,482) | |
TOTAL ASSETS LESS CURRENT LIABILITIES | 12,526,385 | 12,677,670 |
Zhong An Real Estate Limited issued this content on 22 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 March 2016 12:58:39 UTC
Original Document: http://cms3.todayir.com/html/client/zhongan/attachment/2016032220470100002460289_en.pdf