DJ HK Bourse: Results Announcement From Anxian Yuan China Holdings Ltd.

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https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0630/2020063002038.pdf ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 MARCH 2020
ANNUAL RESULTS
The Board is pleased to announce the consolidated results of the Group for the Year together
with the comparative figures for the year ended 31 March 2019 as follows:
* For identification purposes only -1-
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the year ended 31 March 2020 2020 2019 HK$ '000 HK$ '000 Notes
REVENUE 286,990 5 223,120 (105,824)
Cost of sales (79,486) 181,166
Gross profit 143,634 1,803 5
Other income and gains 4,995 (27,189)
Selling and distribution expenses (21,076) (74,995)
Administrative expenses (86,901) (4,118) 7
Finance costs (5,387) -
Share of profit of an associate 139
PROFIT BEFORE INCOME TAX 76,667 6 35,404 (24,132) 8
Income tax expense (18,366)
PROFIT FOR THE YEAR 52,535 17,038
Profit/(Loss) for the year attributable to: 53,641 Owners of the Company 17,082 (1,106) Non-controlling interests (44) 52,535 17,038
EARNINGS PER SHARE FOR PROFIT ATTRIBUTABLE TO OWNERS OF THE COMPANY FOR THE YEAR 6.85
Basic and diluted (HK cents) 9 2.31 -2-
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the year ended 31 March 2020 2020 2019 HK$ '000 HK$ '000
PROFIT FOR THE YEAR 52,535 17,038
OTHER COMPREHENSIVE INCOME
Item that may be reclassified subsequently to profit or loss:
Exchange differences on translation of financial statements of (45,040) foreign operations (47,996)
Item that may not be reclassified subsequently to profit or loss:
Change in fair value of equity investments at fair value through 334 other comprehensive income -
OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX (44,706) (47,996)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 7,829 (30,958)
Total comprehensive income for the year attributable to: 11,731 Owners of the Company (27,615) (3,902) Non-controlling interests (3,343) 7,829 (30,958) -3-
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 March 2020 2020 2019 HK$ '000 HK$ '000 Notes
NON-CURRENT ASSETS 104,377 10
Property, plant and equipment 114,454 2,537 10
Right-of-use assets - 417,703 10
Intangible assets 451,028 12,232
Goodwill 13,029 2,666
Equity investments 2,332 218,595 11
Cemetery assets 232,830 758,110
Total non-current assets 813,673
CURRENT ASSETS 228,859
Inventories 245,670 1,014 12
Trade receivables 912 3,389
Prepayments, deposits and other receivables 3,456 77,657
Cash and cash equivalents 34,999 310,919
Total current assets 285,037
CURRENT LIABILITIES 34,593 13
Trade payables 33,953 5,622
Other payables and accruals 7,515 23,605
Contract liabilities 23,684 49,250
Interest-bearing bank and other borrowings 74,941 1,479
Lease liabilities - -
Amount due to non-controlling shareholder 2,827 25,390
Tax payables 21,429 139,939
Total current liabilities 164,349
NET CURRENT ASSETS 170,980 120,688
TOTAL ASSETS LESS CURRENT LIABILITIES 929,090 934,361 -4-
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 31 March 2020 2020 2019 HK$ '000 HK$ '000 Notes
NON-CURRENT LIABILITIES 114,217
Interest-bearing bank and other borrowings 137,341 21,330
Contract liabilities 17,250 744
Lease liabilities -

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June 30, 2020 08:47 ET (12:47 GMT)