CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the year ended 31 December 2017
2017
HK$’000
2016
HK$’000
Revenue 134,948 548,429
Cost of sales (79,085) (340,313)
Gross profit 55,863 208,116
Other revenue 79 36,174
Other expenses (8,150) (11,312)
Impairment losses recognised in respect of:
- goodwill (11,885) -
- intangible assets (9,318) (13,713)
- other receivables (52,472) -
- film rights investments (6,490) -
Fair value change of the embedded derivatives 28,989 (61,696)
Provision for inventories (9,819) (4,155)
Selling expenses (41) -
Administrative expenses (34,583) (31,122)
Finance costs (71,650) (47,931)
(Loss)/profit before income tax expense (119,477) 74,361
Income tax expense (14,437) (47,920)
(Loss)/profit for the year (133,914) 26,441
(Loss)/profit for the year attributable to:
Owners of the Company (133,063) 22,961
Non-controlling interests (851) 3,480
(133,914) 26,441
HK cents HK cents
(Loss)/earnings per share
- Basic (Hong Kong cents) (14.29) 2.81
- Diluted (Hong Kong cents) N/A N/A
HK$’000 HK$’000
(Loss)/profit for the year (133,914) 26,441
Other comprehensive (expense)/income, net of tax
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations 29,840 (1,391)
Other comprehensive income/(expense) for the year 29,840 (1,391)
Total comprehensive (expense)/income for the year (104,074) 25,050
Total comprehensive (expense)/income attributable to:
Owners of the Company (103,223) 21,570
Non-controlling interests (851) 3,480
(104,074) 25,050
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 31 December 2017
2017
HK$’000
2016
HK$’000
Non-current assets
Property, plant and equipment 2,387 390
Goodwill 95,721 -
Intangible assets 115,223 82,372
213,331 82,762
Current assets
Inventories 185,926 226,849
Film rights investments 810,617 397,643
Trade and other receivables 323,327 432,168
Amount due from a shareholder 91,918 2,376
Amounts due from a related party 35,746 9,824
Cash and cash equivalents 6,128 408,794
1,453,662 1,477,654
Current liabilities
Trade and other payables 124,080 67,977
Amounts due to directors 943 360
Amounts due to fellow subsidiaries 13,320 -
Tax provisions 156,952 141,142
Loan notes 448,725 445,531
Convertible loan notes 108,813 159,573
Embedded derivatives 14,585 55,685
Other borrowing - 125,576
867,418 995,844
Net current assets 586,244 481,810
Total assets less current liabilities 799,575 564,572
Non current liabilities
Deferred tax liabitities 13,671 -
Net assets 785,904 564,572
Capital and reserves
Share capital 13,160 8,620
Other reserves 774,411 556,768
Equity attributable to owners of the Company 787,571 565,388
Non-controlling interests (1,667) (816)
Total equity 785,904 564,572