Glorious Property Holdings Limited announced the loss attributable to the owners of the company for the year ended 31 December 2015 is expected to increase by approximately 20% to 40% as compared to that for the year ended 31 December 2014. The increase in the loss was primarily attributable to: the total area of the properties completed and delivered in 2015 decreased significantly resulting in a decrease of approximately 45% in the recognized revenue as compared to 2014; the amount of provision for impairment for the group's properties in 2015 increased by approximately 20% as compared to that for 2014; the provision for impairment for the group's other receivables for 2015 was approximately 10% higher than that for 2014; the group recorded a higher amount of exchange loss of approximately 10 times of that for 2014. The exchange loss was mainly associated with the company's USD senior notes due 2015 and 2018 respectively; and interest costs of approximately RMB 1,200 million was not capitalized as part of the property development costs and was being recorded directly as current year expenses in 2015, which was approximately 8 times of that for 2014.