DJ HK Bourse: Results Announcement From Lippo China Resources Ltd.
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https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0630/2020063000017.pdf FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2020
The Directors of Lippo China Resources Limited (the "Company") announce the consolidated
final results of the Company and its subsidiaries (collectively, the "Group") for the year ended
31 March 2020 together with the comparative figures for the corresponding period in 2019 as
follows:
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the year ended 31 March 2020 2020 2019 HK$'000 Note HK$'000 4
Revenue 855,720 2,484,874 (283,307)
Cost of sales (1,403,454)
Gross profit 572,413 1,081,420 5 22,635
Other income 33,108 (581,855)
Administrative expenses (748,356) 7 (183,181)
Other operating expenses (393,968) 15 342,679
Gain on disposal of subsidiaries 873,928 (94,747)
Net fair value gain/(loss) on investment properties 35,030
Net fair value loss on financial instruments at fair value 7 (166,861) through profit or loss (187,028) 6 (13,229)
Other losses -- net (42,916) (44,856)
Finance costs (49,042) 8 (41,745)
Share of results of associates (9,180) 9 (239)
Share of results of joint ventures (89,444) 7
Profit/(Loss) before tax (188,986) 503,552 10 578
Income tax (15,093)
Profit/(Loss) for the year (188,408) 488,459
Attributable to: (361,035) Equity holders of the Company (78,233) 172,627 Non-controlling interests 566,692 (188,408) 488,459 HK cents HK cents
Loss per share attributable to equity holders 11 of the Company (3.93) Basic and diluted (0.85) -1-
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 March 2020 2020 2019 HK$'000 Note HK$'000
Profit/(Loss) for the year (188,408) 488,459
Other comprehensive income/(loss)
Other comprehensive income/(loss) that may be reclassified to profit or loss in subsequent periods: (58,795) Exchange differences on translation of foreign operations (59,944) Exchange differences reclassified to profit or loss upon: 15 11,351 Disposal of foreign subsidiaries 28,936 6 (13,985) Liquidation of foreign operations (9,501) 1,511 Derecognition of an associate - (39,924) Share of other comprehensive loss of associates (24,860)
Net other comprehensive loss that may be reclassified to (99,842) profit or loss in subsequent periods, net of tax (65,369)
Other comprehensive income/(loss) that will not be reclassified to profit or loss in subsequent periods: Changes in fair value of equity instruments at fair value (36,401) through other comprehensive income 95,450 Gain on property revaluation - 2,790
Net other comprehensive income/(loss) that will not be (36,401) reclassified to profit or loss in subsequent periods, net of tax 98,240 (136,243)
Other comprehensive income/(loss) for the year, net of tax 32,871
Total comprehensive income/(loss) for the year (324,651) 521,330
Attributable to: (486,296) Equity holders of the Company (36,198) 161,645 Non-controlling interests 557,528 (324,651) 521,330 -2-
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 March 2020 2020 2019 HK$'000 Note HK$'000
Non-current assets 21,034
Intangible assets 181,592 882
Exploration and evaluation assets 602 1,065,288
Fixed assets 991,040 713,445
Investment properties 880,353 133,715
Right-of-use assets - 664,425
Interests in associates 737,958 32,163
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