DJ HK Bourse: Results Announcement From Ams Public Transport Holdings Ltd.
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https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0626/2020062601164.pdf ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2020
The board of directors (the "Board") of AMS Public Transport Holdings Limited (the "Company") hereby
announces the consolidated results of the Company and its subsidiaries (collectively referred to as the
"Group") for the year ended 31 March 2020, together with the comparative figures for the year ended 31
March 2019 as follows:
CONSOLIDATED INCOME STATEMENT Year ended 31 March Notes 2019 2020 HK$'000 HK$'000 4 392,924 Revenue 365,077 Direct costs (324,526) (317,123) Gross profit 68,398 47,954 Other revenue 5 8,454 10,681 Other net income 5 141 111 Administrative expenses (40,065) (40,035) Other operating expenses (1,048) (1,165) 35,880 Operating profit 17,546 Deficit on revaluation of public light bus ("PLB") licences 10 (71,493) (47,120) Provision for impairment of public bus licences - (400) Finance costs 6 (3,478) (5,288) Share of result of a joint venture 747 601 7 (38,344) Loss before income tax (34,661) Income tax expense 8 (4,914) (1,712) (43,258) Loss for the year (36,373) Loss per share attributable to equity holders of the Company - Basic (In HK cents) 9(a) (15.91) (13.38) - Diluted (In HK cents) 9(b) (15.91) (13.38)
Note: The Group has initially applied HKFRS 16 at 1 April 2019, using the modified retrospective approach. Under this approach, comparative information is not restated. Please see note 2 for the details of initial application of HKFRS 16. 1
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Year ended 31 March Note 2019 2020 HK$'000 HK$'000
Loss for the year (43,258) (36,373)
Other comprehensive expense
Item that will not be reclassified subsequently to consolidated income statement - Deficit on revaluation of PLB licences 10 (4,407) (400) (47,665)
Total comprehensive expense for the year (36,773)
Note: The Group has initially applied HKFRS 16 at 1 April 2019, using the modified retrospective approach. Under this approach, comparative information is not restated. Please see note 2 for the details of initial application of HKFRS 16.
CONSOLIDATED BALANCE SHEET As at 31 March Notes 2019 2020 HK$'000 HK$'000 ASSETS AND LIABILITIES Non-current assets Property, plant and equipment 30,946 42,063 Right-of-use assets - 34,029 PLB licences 10 198,000 150,480 Public bus licences 15,184 14,784 Interest in a joint venture 747 1,348 Goodwill 22,918 22,918 Deferred tax assets 1,003 1,721 268,798 267,343 Current assets Trade and other receivables 11 11,209 8,989 Amount due from a joint venture 1,500 1,000 Tax recoverable 372 1,869 Bank balances and cash 32,829 21,263 45,910 33,121 Current liabilities
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