DJ HK Bourse: Results Announcement From China Energine International (Holdings) Ltd.

For full details, please click on the following link:
https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0517/2020051700105.pdf FURTHER ANNOUNCEMENT OF THE AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019
Reference is made to the announcement of the Company dated 31 March 2020 in connection
with the unaudited annual results for the year ended 31 December 2019 (the "Unaudited
Annual Results Announcement " ). Capitalised terms used herein, unless otherwise
defined, shall have the same meanings as those defined in the Unaudited Annual Results
Announcement.
AUDITED ANNUAL RESULTS
The Board announces that the Group's auditor, Deloitte Touche Tohmatsu ("Deloitte"), has
completed its audit of the annual results of the Group for the year ended 31 December 2019
and issued a disclaimer opinion in which the extract of Deloitte's independent auditor's report
is set out in pages 21 to 23. The audited annual results for the year ended 31 December 2019
were approved by the Board on 15 May 2020, details of which are set out below.
* For identification purpose only 1
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
For the year ended 31 December 2019 2019 2018 HK$ '000 HK$ '000 NOTES (Restated)
Continuing operations 38,307
Turnover 3 59,116 (40,881)
Cost of sales (53,157) (2,574)
Gross (loss) profit 5,959 17,914
Other income 4 24,283 (107,024)
Other gains and losses 5 (190,038)
Impairment losses, net of reversal, on (569,049) financial assets and contract assets 6 (698,933) (130,533)
Selling and distribution expenses (73,007) (146,025)
Administrative expenses (165,525) (80,860)
Finance costs 7 (82,546) (5,076)
Share of results of associates (129,834) 31,359
Share of results of joint ventures 76,177 (991,868)
Loss before taxation 8 (1,233,464) (3,770)
Taxation 9 (580) (995,638)
Loss for the year from continuing operations (1,234,044)
Discontinued operations (59,841)
Loss for the year from discontinued operations 10 (96,102) (1,055,479)
Loss for the year (1,330,146) 2 2019 2018 HK$ '000 HK$ '000 NOTE (Restated)
Other comprehensive expense:
Item that will not be reclassified to profit or loss - exchange differences arising on 2,332 translation to presentation currency (66,293) (1,053,147)
Total comprehensive expense for the year (1,396,439)
Loss for the year attributable to owners of the Company (985,465) - from continuing operations (1,224,423) (59,841) - from discontinued operations (96,102) (1,045,306) (1,320,525)
Loss for the year attributable to non-controlling interests (10,173) - from continuing operations (9,621) (1,055,479)
Loss for the year (1,330,146)
Total comprehensive expense attributable to: (1,042,031) Owners of the Company (1,384,076) (11,116) Non-controlling interests (12,363) (1,053,147) (1,396,439)
Loss per share - Basic HK(23.93) cents From continuing and discontinued operations 12 HK(30.22) cents HK(22.56) cents From continuing operations 12 HK(28.03) cents 3
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
At 31 December 2019 2019 2018 HK$ '000 HK$ '000 NOTES
Non-current assets 130,724 Investment properties 133,531 194,507 Property, plant and equipment 238,574 6,342 Right-of-use assets - 2,004 Goodwill 2,004 - Intangible assets 63,165 - Deferred tax assets 1,643 194,587 Interests in associates 206,108 932,381 Interests in joint ventures 1,015,299 67,351 Amount due from a joint venture 104,165 Financial assets at fair value through other 4,800 comprehensive income 4,908 1,532,696 1,769,397
Current assets 41,170 Inventories 78,291 Trade and other receivables, deposits and 1,079,654 prepayments 13 1,760,599 226,518 Contract assets 304,759 154,507 Amounts due from associates 252,457 19,186 Amount due from a joint venture 20,089

(MORE TO FOLLOW) Dow Jones Newswires

May 17, 2020 18:02 ET (22:02 GMT)