Golden Resources Development : 19/12/2016 2016/2017 INTERIM REPORT
December 19, 2016 at 03:53 am EST
Share
INTERIM REPORT
2016/2017
SUMMARY OF INTERIM RESULTS
The Directors of Golden Resources Development International Limited (the "Company") are pleased to announce the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 30th September, 2016 as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the six months ended 30th September,
Notes
2016
(Unaudited)
HK$'000
2015
(Unaudited)
HK$'000
REVENUE
3
525,457
490,159
Cost of sales
(350,956)
(340,244)
GROSS PROFIT
Net unrealized gain/(loss) on financial assets at fair value through profit or loss
174,501
8,910
149,915
(33,342)
Net other income/(loss)
4
19,389
(22,311)
Selling and distribution costs
(74,903)
(52,341)
Administrative expenses
Write-back of impairment loss on loan receivable
(88,188)
-
(76,541)
18,541
PROFIT/(LOSS) FROM OPERATIONS
3
39,709
(16,079)
Finance costs
(169)
(60)
Share of results of associates
(1,531)
3,665
PROFIT/(LOSS) BEFORE TAXATION
5
38,009
(12,474)
Taxation
6
(8,182)
(8,381)
PROFIT/(LOSS) FOR THE PERIOD
29,827
(20,855)
Profit/(loss) attributable to:
Shareholders of the Company
32,780
(20,597)
Non-controlling interests
(2,953)
(258)
29,827
(20,855)
EARNINGS/(LOSS) PER SHARE
- Basic
8
HK1.9 cents
HK(1.2) cents
- Diluted
HK1.9 cents
HK(1.2) cents
GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED INTERIM REPORT 2016/2017 01
02 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED INTERIM REPORT 2016/2017
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the six months ended 30th September,
2016
(Unaudited)
HK$'000
2015
(Unaudited)
HK$'000
PROFIT/(LOSS) FOR THE PERIOD
29,827
(20,855)
OTHER COMPREHENSIVE LOSS
Items to be reclassified to profit or loss in subsequent periods:
Deficit on revaluation of available-for-sale investments Investments revaluation reserve realized on disposal of
available-for-sale investments
- (183)
1,202 -
Exchange differences on translation of foreign operations
(1,991) (3,874)
Share of other comprehensive loss of associates
(690) (9,243)
Other comprehensive loss for the period, net of tax
(1,479) (13,300)
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD
28,348 (34,155)
Total comprehensive income/(loss) attributable to: Shareholders of the Company
31,923 (33,371)
Non-controlling interests
(3,575) (784)
28,348 (34,155)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Notes
30th September,
2016
(Unaudited)
HK$'000
31st March, 2016
(Audited)
HK$'000
NON-CURRENT ASSETS
Property, plant and equipment
121,942
106,747
Investment properties
146,715
79,760
Intangible asset
23,204
23,904
Interests in associates
147,563
152,302
Available-for-sale investments
29,968
31,626
Prepaid lease payments
15,717
16,086
485,109
410,425
CURRENT ASSETS
Inventories
111,999
139,361
Trade debtors
9
83,358
91,863
Other debtors, deposits and prepayments
50,654
62,755
Available-for-sale investments
Financial assets at fair value through profit or loss
21,254
302,335
15,072
375,649
Derivative financial instruments
-
2,549
Cash and cash equivalents
343,030
258,755
912,630
946,004
CURRENT LIABILITIES
Trade creditors
10
40,738
36,716
Other creditors and accruals
50,038
35,137
Bank loans
18,878
7,755
Tax liabilities
26,094
22,707
135,748
102,315
NET CURRENT ASSETS
776,882
843,689
TOTAL ASSETS LESS CURRENT LIABILITIES
1,261,991
1,254,114
NON-CURRENT LIABILITIES
Deferred tax liabilities
1,645
1,783
1,260,346
1,252,331
CAPITAL AND RESERVES
Share capital
11
169,441
169,441
Reserves
1,078,067
1,066,477
Shareholders' equity
1,247,508
1,235,918
Non-controlling interests
12,838
16,413
1,260,346
1,252,331
GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED INTERIM REPORT 2016/2017 03
Golden Resources Development International Ltd. published this content on 19 December 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 December 2016 08:53:11 UTC.
Original documenthttp://www.grdil.com.hk/financial/announce/js/e_IR16.pdf
Public permalinkhttp://www.publicnow.com/view/298800DF790EC2C3E267E19486E09F232D957692
Golden Resources Development International Ltd is an investment holding company principally engaged in the convenience business. The Company operates through five segments. The Convenience Store Operation segment is engaged in the operation of convenience stores in Vietnam. The Rice Operation segment is engaged in the sourcing, importing, wholesaling, processing, packaging, marketing and distribution of rice. The Property Investment segment is engaged in the property investment and property development. The Securities Investment segment is engaged in the investment in equity and debt securities. The Corporate and Others segment is engaged in the corporate income and expense businesses and other investments.
GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 
