PERFECTECH INTL<00765> - Results Announcement
Perfectech International Holdings Limited announced on 25/04/2006:
(stock code: 00765 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover : 515,875 509,820
Profit/(Loss) from Operations : 18,430 28,494
Finance cost : (2,115) (1,314)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 10,701 22,537
% Change over Last Period : -52.52 %
EPS/(LPS)-Basic (in dollars) : 0.0346 0.0740
-Diluted (in dollars) : N/A 0.0739
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 10,701 22,537
Final Dividend : 1.5 cents 4.5 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 22/05/2006 to 24/05/2006 bdi.
Payable Date : 06/06/2006
B/C Dates for Annual
General Meeting : 22/05/2006 to 24/05/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. Changes in accounting policies
The Hong Kong Institute of Certified Public Accountants ("HKICPA") has
issued a number of new and revised Hong Kong Financial Reporting Standards
("HKFRSs") and Hong Kong Accounting Standards ("HKASs") and
Interpretations, which are effective for the accounting periods commencing
on or after 1 January 2005.
The adoption of the following new and revised HKFRSs and HKASs has
resulted in the changes in the Group's accounting policies that affected
the amount reported and/or disclosures for the current and prior
accounting years. Therefore, certain comparative figures previously
reported for the year ended 31 December 2004 have been restated to comply
with the new requirements.
HKAS 1 Presentation of Financial Statements
HKAS 17 Leases
HKAS 32 Financial Instruments : Disclosure and
Presentation
HKAS 39 Financial Instruments : Recognition and
Measurement
HKAS 40 Investment Property
HK(SIC) INT 21 Income Taxes - Recovery of Revalued Non-
Depreciable Assets
HKFRS 2 Share-based Payment
HKFRS 3 Business Combinations
2. Earnings per share
The calculation of the basic and diluted earnings per share is based on
the profit attributable to the equity shareholders of the Company for the
year of approximately HK$10,701,000 (2004 : HK$22,537,000) and the
following data:
2005 2004
----------------------
Number of shares
Weighted average number of ordinary shares
for the purposes of basic earnings per share
308,833,859 304,716,361
Effect of dilutive potential ordinary shares on
Share options - 308,689
----------------------------
Weighted average number of ordinary shares
for the purposes of diluted earnings per share
308,833,859 305,025,050
============================
No diluted earnings per share has been presented because the exercise
prices of the Company's options were higher than the average market prices
of the shares for the year ended 31st December, 2005.
The following table summaries the impact on basic and diluted earnings per
share as a result of:
Impact on basic Impact on basic Impact on diluted
earnings per share earnings per share earnings per share
2005 2004 2004
cents cents cents
Reported figures before adjustments
3.46 7.41 7.41
Adjustments arising from changes
in accounting policies
- (0.01) (0.02)
------------------------------------------------------------------
As adjusted / restated
3.46 7.40 7.39
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