DJ HK Bourse: Results Announcement From Safety Godown Co. Ltd.

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https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0626/2020062601150.pdf ANNUAL RESULTS ANNOUNCEMENT FOR 2019/2020
The Board of Directors (the "Board") of Safety Godown Company, Limited (the "Company") hereby
announces the audited consolidated results of the Company and its subsidiaries (collectively referred to
as the "Group") for the year ended 31 March 2020 as follows:
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 MARCH 2020 2020 Notes 2019 HK$'000 HK$'000 137,612 3
Revenue 142,275 19,958
Income from godown operations 24,411 96,651
Income from property investment 93,947 16,672
Interest income 16,866 4,331
Dividend income 7,051 (46,271)
Other gains and losses (19,280) (19)
Exchange loss, net (4,537) 8
Gain on disposal of property, plant and equipment 7 (307,600)
(Decrease) increase in fair value of investment properties 227,873 (16,087)
Staff costs (15,493) (19,320)
Depreciation of property, plant and equipment (16,283) (906)
Impairment loss on trade receivables - (1,592)
Impairment loss on other receivables - (25,102)
Other expenses (23,755) (279,277) 5
(Loss) profit before taxation 290,807 (13,250) 6
Taxation (11,765) (292,527)
(Loss) profit for the year attributable to owners of the Company 279,042 1 2020 Notes 2019 HK$'000 HK$'000
Other comprehensive income for the year Item that will not be reclassified to profit or loss: Revaluation surplus on transfer of owner-occupied 70,673 properties to investment properties 110,121
Total comprehensive (expense) income for the year attributable (221,854) to owners of the Company 389,163 (HK$2.17) 8
Basic (loss) earnings per share HK$2.07 2
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AT 31 MARCH 2020 2020 Notes 2019 HK$'000 HK$'000
Non-current assets 3,351,900
Investment properties 3,635,100 233,559
Property, plant and equipment 188,980 -
Debt instrument at amortised cost 23,244 3,585,459 3,847,324
Current assets 223,208
Investments held for trading 292,744 23,248
Debt instrument at amortised cost - 27,689 9 22,775
Trade and other receivables 567
Tax recoverable - 610,190
Bank deposits 757,584 26,016
Other deposits 84,150 161,871
Bank balances and cash 17,541 1,072,789 1,174,794
Current liabilities 30,641
Other payables 32,249 18,333
Tax payable 20,335 48,974 52,584
Net current assets 1,023,815 1,122,210 4,609,274 4,969,534
Capital and reserves 178,216
Share capital 178,216 4,341,239
Reserves 4,708,893
Equity attributable to owners of the Company 4,519,455 4,887,109
Non-current liabilities 18,401
Long-term tenants' deposits received 15,662 70,586
Deferred tax liabilities 66,185 832
Provision for long service payments 578 89,819 82,425 4,609,274 4,969,534 3
NOTES:
1. BASIS OF PREPARATION The consolidated financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRSs") issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA"). In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of

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June 26, 2020 08:54 ET (12:54 GMT)