Item No Description Page
CONSOLIDATED INCOME STATEMENT 2
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 3
BALANCE SHEETS 4
CONSOLIDATED STATEMENTS OF CASH FLOWS 5
STATEMENTS OF CHANGES IN EQUITY 6
GROUP BORROWINGS 8
NET ASSET VALUE 8
AUDIT 8
AUDITORS' REPORT 8
ACCOUNTING POLICIES 8
CHANGES IN ACCOUNTING POLICIES 8
REVIEW OF GROUP PERFORMANCE 9
VARIANCE FROM PROSPECT STATEMENT 10
PROSPECTS 10
DIVIDEND 10
INTERESTED PERSON TRANSACTIONS 10
CONFIRMATION OF DIRECTORS AND EXECUTIVE OFFICERS' UNDERTAKINGS 10
PURSUANT TO LISTING RULE 720(1)
CONFIRMATION BY THE BOARD 11
UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2016-
CONSOLIDATED INCOME STATEMENT
GROUP
Three months ended 30 September
2016 2015 %change
US$'000 US$'000 + / (-)
Sales, net 17,252 22,511 (23)
Cost of goods sold (12,419) (16,749) (26)
Gross profit 4,833 5,762 (16)Expenses:
Selling, general and administrative (7,793) (11,964) (35)
Research and development (3,430) (5,925) (42)
Total expenses (11,223) (17,889) (37)Other income 96 89 8
Other gains 651 -- n.m.
Other losses (192) (1,837) (90)
Share of loss of associated companies (326) -- n.m.
Loss before income tax (6,161) (13,875) (56)Income tax expense (40) (38) 5
Net loss (6,201) (13,913) (55) Attributable to:Equity holders of the Company (6,211) (13,927) (55)
Non-controlling interests 10 14 (29)
Loss per share for loss attributable to equity holders of the Company
- Basic (US$ per share)
(0.09)
(0.20)
(55)
- Diluted (US$ per share)
(0.09)
(0.20)
(55)
n.m. - not meaningful
1(a) Net loss is arrived at after accounting for: GROUP Three months ended 30 September 2016 2015 % changeUS$'000 US$'000 + / (-)
Write-off/write-down for inventory obsolescence
(969)
(189)
n.m.
Gain on disposal of investments
639
-
n.m.
Foreign exchange gain (loss)
1
(1,662)
(100)
-
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
GROUP
Three months ended 30 September
2016 2015 % change
US$'000 US$'000 + / (-)
Net loss
Other comprehensive loss:
(6,201)
(13,913)
(55)
Available-for-sale financial assets: Fair value losses
(79)
(2,712)
(97)
Reclassification
(639)
-
n.m.
Total comprehensive loss for the period
(6,919)
(16,625)
(58)
Attributable to:
Shareholders of the Company
(6,929)
(16,639)
(58)
Non-controlling interests
10
14
(29)
Total comprehensive loss for the period
(6,919)
(16,625)
(58)
- BALANCE SHEETS
ASSETS Current assets: Cash and cash equivalents | 30 September 2016 US$'000 86,587 | 30 June 2016 US$'000 94,738 | 30 September 2016 US$'000 82,207 | 30 June 2016 US$'000 88,362 |
Trade receivables | 8,105 | 7,570 | 649 | 245 |
Amounts due from subsidiaries | - | - | 46,566 | 43,979 |
Inventories | 24,890 | 25,052 | 4,783 | 5,153 |
Other current assets | 1,607 | 1,797 | 641 | 633 |
121,189 | 129,157 | 134,846 | 138,372 | |
Non-current assets: Available-for-sale financial assets | 11,049 | 11,960 | - | - |
Amounts due from subsidiaries | - | - | 15,388 | 14,923 |
Investments in subsidiaries | - | - | 25,353 | 25,353 |
Property and equipment | 841 | 870 | 107 | 131 |
Other non-current assets | 191 | 190 | - | - |
12,081 | 13,020 | 40,848 | 40,407 | |
Total assets | 133,270 | 142,177 | 175,694 | 178,779 |
LIABILITIES Current liabilities: Trade payables | 7,585 | 9,651 | 741 | 1,588 |
Amounts due to subsidiaries | - | - | 8,826 | 8,325 |
Accrued liabilities and provisions | 23,508 | 23,377 | 11,697 | 11,468 |
Current income tax liabilities | 294 | 347 | - | - |
31,387 | 33,375 | 21,264 | 21,381 |
Non-current liabilities: | ||
Amounts due to subsidiaries | - - 30,806 | 30,162 |
Deferred income tax liabilities | 10,302 10,302 - | - |
10,302 10,302 30,806 | 30,162 |
Total liabilities | 41,689 | 43,677 | 52,070 | 51,543 |
NET ASSETS | 91,581 | 98,500 | 123,624 | 127,236 |
EQUITY Share capital | 266,753 | 266,753 | 266,753 | 266,753 |
Treasury shares | (16,262) | (16,262) | (16,262) | (16,262) |
Fair value reserve | 5,856 | 6,574 | - | - |
Other reserves | 62,364 | 62,364 | 34,900 | 34,900 |
Accumulated losses | (227,430) | (221,219) | (161,767) | (158,155) |
91,281 | 98,210 | 123,624 | 127,236 | |
Non-controlling interests | 300 | 290 | - | - |
Total equity | 91,581 | 98,500 | 123,624 | 127,236 |
Creative Technology Ltd. published this content on 20 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 October 2017 01:51:02 UTC.
Original documenthttps://www.creative.com/corporate/investor/releases.aspx?id=13569
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