CHINA DATACAST<08016> - Results Announcement (Q2, 2006, Summary)
China Data Broadcasting Holdings Limited announced on 20/10/2006:
(stock code: 08016 )
Year end date :31/12/2006
Currency :HKD
Auditors' report :N/A
2nd Quarterly Report Reviewed by :N/A
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Unaudited) (Unaudited)
Current Last Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
$'000 $'000
Turnover : 15,406 30,240
Profit/(Loss) from Operations : (2,410) (947)
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (2,410) (1,699)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0076) (HKD 0.0053)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (2,410) (1,699)
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
China Data Broadcasting Holdings Limited
Signature :
Name : Shum Shing Kei
Title : Company Secretary
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.
Remarks:
( 1 ) Basis of preparation
The unaudited financial statements have been prepared in
accordance with Hong Kong Financial Reporting Standards
( which also include Statements of Standards Accounting
Practice and Interpretations ( " SSAP " ) ) issued by the
Hong Kong Institute of Certified Public Accountants
( " HKICPA " ), accounting principles generally accepted in
Hong Kong and the disclosure requirements of the Hong Kong
Companies Ordinance. They have been prepared under the
historical cost convention.
( 2 ) Turnover
Turnover represents the invoiced value of goods sold and
services rendered, net of value-added tax, business tax, and
after allowance for goods returned and trade discount.
( 3 ) Taxation
Taxes on profits assessable elsewhere have been calculated at
the rates of tax prevailing in the countries in which the
Group operates, based on existing legislation,
interpretations and practices in respect thereof.
No provision for Hong Kong profits tax is required since the
Group has no assessable profit for the six months ended 30
June 2006 and 2005.
( 4 ) Loss per share
The calculation of basic loss per share for the six months
ended 30 June 2006 are based on the net loss attributable to
shareholders of approximately HKD2,410,000 ( 2005 :
HKD1,699,000 ) for the six months ended 30 June 2006 and on
318,000,000 ( 2005 : 318,000,000 ) ordinary shares in issue
during the six months ended 30 June 2006.
No diluted earnings per share was presented as there was no
potential dilutive ordinary shares in issue for both periods.
( 5 ) Contingent liabilities
( a ) The Group has contingent liabilities of HKD23.5 million
relating to a claim by the holding company of the Group,
Apex Digital Inc. ("Apex Digital"), for certain
freight charges paid by Apex Digital on behalf of the
Group to a customer. As the Group has dispute over this
freight charges, the directors of the Company are of
the opinion that the Group do not have any obligation
to reimburse the freight charges. Accordingly, the
directors considered that no provision would be made
for the freight charges up to the period ended 30 June
2006.
( b ) The Group and the Company have contingent liabilities
relating to a claim for patent infringement on 12 June
2006. As the amount of damages claimed was not stated
in the writ, the directors of the Company are unable to
estimate the liability under the claim up to the period
ended 30 June 2006.
( 6 ) Audit committee
As at the date of this announcement, there is no independent
non-executive director appointed.
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