KAISA HEALTH GROUP HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, makes 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.
MEGA MEDICAL TECHNOLOGY LIMITED美 加 醫 學 科 技 有 限 公 司
(Incorporated in Bermuda with limited liability)
(Stock Code: 876) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2016The board (the "Board") of directors (the "Directors") of Mega Medical Technology 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 2016 together with the comparative figures for the corresponding year ended 31 December 2015.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the year ended 31 December 2016
Continuing operation Turnover | Notes 3 | 2016 HK$'000 188,140 | 2015 HK$'000 (restated) 99,873 |
Cost of goods sold | (85,800) | (42,634) | |
Gross profit | 102,340 | 57,239 | |
Other income, gains and losses | 7,422 | 4,086 | |
Selling and distribution costs | (29,747) | (18,758) | |
Administrative expenses | (60,995) | (44,071) | |
Other expenses | (9,768) | (5,062) | |
Profit (loss) before taxation | 4 | 9,252 | (6,566) |
Taxation | 5 | (10,547) | (3,810) |
Loss for the year from continuing operation | (1,295) | (10,376) | |
Discontinued operation Loss for the year from discontinued operation | 6 | (18,998) | (29,004) |
Loss for the year | (20,293) | (39,380) |
Items that may be subsequently reclassified to profit or loss:
Exchange differences arising on translation of
2016 2015Note HK$'000 HK$'000
(restated)
foreign operation (13,504) (9,966)
Reclassification of exchange differences upon
disposal of subsidiaries | 2,849 | - |
Other comprehensive expense for the year | (10,655) | (9,966) |
Total comprehensive expense for the year | (30,948) | (49,346) |
Loss for the year attributable to owners of the Company: | ||
- from continuing operation | (1,645) | (10,008) |
- from discontinued operation | (13,543) | (20,605) |
(15,188) | (30,613) | |
Profit (loss) for the year attributable to non-controlling interests: | ||
- from continuing operation | 350 | (367) |
- from discontinued operation | (5,455) | (8,400) |
(5,105) | (8,767) | |
Loss for the year | (20,293) | (39,380) |
Total comprehensive expense attributable to: | ||
Owners of the Company | (26,329) | (37,980) |
Non-controlling interests | (4,619) | (11,366) |
(30,948) | (49,346) | |
Loss per share | 7 | |
From continuing and discontinued operation | ||
- Basic | (0.40) HK cents | (0.86) HK cents |
- Diluted | (0.40) HK cents | (0.86) HK cents |
From continuing operation
Basic (0.04) HK cents (0.28) HK cents
Diluted (0.04) HK cents (0.28) HK cents
CONSOLIDATED STATEMENT OF FINANCIAL At 31 December 2016 | POSITION | ||
2016 | 2015 | ||
Notes | HK$'000 | HK$'000 | |
Non-current assets | |||
Investment properties | - | - | |
Property, plant and equipment | 8,380 | 9,113 | |
Prepaid lease payments | - | 7,968 | |
Intangible assets | 29,146 | 29,839 | |
Goodwill | 330,805 | 330,805 | |
Convertible bonds receivable | 8 | 40,984 | - |
409,315 | 377,725 | ||
Current assets | |||
Inventories | 2,429 | 7,796 | |
Trade and other receivables | 9 | 55,845 | 89,467 |
Amount due from a director | 35,534 | 40,772 | |
Taxation recoverable | - | 122 | |
Bank balances and cash | 64,597 | 130,150 | |
158,405 | 268,307 | ||
Assets classified as held for sale | 18,700 | 177,652 | |
177,105 | 445,959 | ||
Current liabilities | |||
Trade and other payables | 10 | 48,909 | 186,902 |
Amounts due to related parties | 712 | 43,713 | |
Amount due to a non-controlling shareholder | |||
of a subsidiary | 1,232 | 1,943 | |
Taxation payable | 6,266 | 11,868 | |
Bank loans | - | 1,134 | |
Liabilities associated with assets classified as | 57,119 | 245,560 |
held for sale 15,512 3,508
72,631 249,068 2016 2015HK$'000 HK$'000
Net current assets 104,474 196,891
Total assets less current liabilities 513,789 574,616
Non-current liabilitiesDeferred taxation 7,287 7,460
506,502 567,156 Capital and reservesShare capital | 4,783 | 4,783 |
Reserves | 499,619 | 502,577 |
Equity attributable to owners of the Company | 504,402 | 507,360 |
Non-controlling interests | 2,100 | 59,796 |
506,502 | 567,156 |
Wing Lee Holdings Ltd. published this content on 19 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 March 2017 10:21:08 UTC.
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