COL Capital : ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2015 (in PDF)

12952-COL IR Ann_E.indd

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China Medical & HealthCare Group Limited

(formerly known as COL Capital Limited) (Incorporated in Bermuda with limited liability) (Stock Code: 383)

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2015

UNAUDITED RESULTS OF THE GROUP

The Board of Directors (the "Directors") of China Medical & HealthCare Group Limited (the "Company") announces the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 31 December 2015 together with the comparative figures for the corresponding period in 2014 as follows:-

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

FOR THE SIX MONTHS ENDED 31 DECEMBER 2015

Six months ended

NOTES	31.12.2015 HK$'000 (unaudited)	31.12.2014 HK$'000 (unaudited) (restated)
Revenue	3	812,393	352,262
Gross proceeds from sales of investments held for trading	371,927	412,469
Total	1,184,320	764,731
Revenue	3	812,393	352,262
Cost of goods and services	(717,329)	(318,206)
Gross profit	95,064	34,056
Other gains and losses	5	(372,971)	(120,127)
Other income	19,621	10,567

Six months ended

NOTES	31.12.2015 HK$'000 (unaudited)	31.12.2014 HK$'000 (unaudited) (restated)
Selling and distribution costs	(2,994)	(1,194)
Administrative expenses	(91,836)	(69,300)
Finance costs	6	(74,496)	(72,285)
Share of results of associates Reversal of impairment on interest in an associate and result on distribution in specie of shares of an associate	11 11	(4,861) -	(328,978) 261,266
Loss before taxation	(432,473)	(285,995)
Taxation expense	7	(29,979)	(12,388)
Loss for the period	(462,452)	(298,383)
Loss for the period attributable to: - Owners of the Company	(445,581)	(249,740)
- Non-controlling interests	(16,871)	(48,643)
(462,452)	(298,383)
Loss per share - Basic	10	HK$(0.041)	HK$(0.024)

- Diluted HK$(0.041) HK$(0.024)

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE SIX MONTHS ENDED 31 DECEMBER 2015

Six months ended

31.12.2015 HK$'000 (unaudited)	31.12.2014 HK$'000 (unaudited)
Loss for the period	(462,452)	(298,383)
Other comprehensive income (expense) Items that will be reclassified subsequently to profit or loss: Net loss on available-for-sale investments:
Gain (loss) on fair value changes Reclassification adjustment for the cumulative gain included in profit or loss upon disposal of available-for-sale investments	2,837 (9,116)	(14,551) (31,259)
Reclassification adjustment for the cumulative loss included
in profit or loss upon distribution in specie of shares of an associate	- 15,447
(6,279) (30,363)
Exchange differences arising on translation: Exchange gain arising from translation of foreign operation Share of changes in other comprehensive expense of an associate	(33,370) 917 1,982 (99,348)
Reclassification adjustment for the cumulative loss included
in profit or loss upon distribution in specie of shares of an associate Reclassification adjustment for the cumulative gain included in profit or loss upon deemed disposal of an associate	- 51,603 (1,146) -
(32,534) (46,828)
Other comprehensive expense for the period	(38,813) (77,191)
Total comprehensive expense for the period	(501,265) (375,574)
Total comprehensive expense attributable to: Owners of the Company	(478,511) (325,742)
Non-controlling interests	(22,754) (49,832)
(501,265) (375,574)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AT 31 DECEMBER 2015

NOTES	31.12.2015 HK$'000 (unaudited)	30.6.2015 HK$'000 (audited)
Non-current assets Investment properties	605,187	229,270
Property, plant and equipment	1,375,692	1,366,311
Prepaid lease payments	111,070	118,298
Interests in associates	11	-	9,001
Available-for-sale investments	7,667	11,353
Intangible assets	14,434	14,844
Goodwill	28,671	-
Pledged bank deposit	132,744	139,636
2,275,465	1,888,713
Current assets Inventories	24,670	20,649
Properties under development for sale	1,453,183	974,554
Properties held for sale	301,031	27,544
Prepaid lease payments	2,923	3,073
Available-for-sale investments	803	53,396
Investments held for trading	1,253,525	1,830,232
Debtors, deposits and prepayments	12	212,168	197,729
Loans receivable	61,247	61,247
Derivative financial instruments	1,712	470
Pledged bank deposits	313,241	157,511
Restricted bank deposits	19,892	53,698
Bank balances and cash	900,891	157,622
4,545,286	3,537,725
Current liabilities Creditors and accrued charges	13	355,112	657,126
Deposits received on sales of properties	975,343	519,623
Customers' deposits and receipts in advance	42,646	24,861
Consideration payable	-	68,712
Amount due to an associate	7,725	8,120
Borrowing from a related party	75,462	-
Borrowings - due within one year	1,951,521	1,641,721
Obligations under finance leases - due within one year	32,534	51,819
Derivative financial instruments	19,034	17,816
Taxation payable	84,818	77,477
3,544,195	3,067,275
Net current assets	1,001,091	470,450
Total assets less current liabilities	3,276,556	2,359,163