Computime : ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2017

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COMPUTIME GROUP LIMITED

金寶通集團有限公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 320) ANNOUNCEMENT OF FINAL RESULTS FOR THE YEAR ENDED 31 MARCH 2017

The board of directors (the "Board") of Computime Group Limited (the "Company" or "Computime") is pleased to announce the consolidated results of the Company and its subsidiaries (collectively the "Group") for the year ended 31 March 2017 (the "Year") together with the comparative figures for the year ended 31 March 2016, as follows:

CONSOLIDATED STATEMENT OF PROFIT OR Year ended 31 March 2017	LOSS
Notes	2017 HK$'000	2016 HK$'000
REVENUE	3, 4	3,683,598	3,521,758
Cost of sales	(3,143,514)	(3,055,390)
Gross profit	540,084	466,368
Other income	4	20,351	15,884
Selling and distribution expenses	(99,225)	(94,262)
Administrative expenses	(268,392)	(239,578)
Other operating expenses, net	(21,094)	(13,537)
Finance costs	5	(10,380)	(9,924)
Share of profit of an associate	1,310	769
PROFIT BEFORE TAX	6	162,654	125,720
Income tax expense	7	(36,220)	(28,012)
PROFIT FOR THE YEAR	126,434	97,708

CONSOLIDATED STATEMENT OF PROFIT OR LOSS (Continued)

Year ended 31 March 2017

Note	2017 HK$'000	2016 HK$'000
ATTRIBUTABLE TO: Owners of the Company	126,449	97,724
Non-controlling interests	(15)	(16)
126,434	97,708
EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY	9
Basic	15.1 HK cents	11.7 HK cents
Diluted	15.0 HK cents	11.6 HK cents

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

Year ended 31 March 2017

2017 2016

HK$'000 HK$'000

PROFIT FOR THE YEAR 126,434 97,708 OTHER COMPREHENSIVE INCOME/(EXPENSE)

Other comprehensive income/(expense) to be reclassified to profit or loss in subsequent periods:

Cash flow hedges:

Effective portion of changes in fair value of

hedging instruments arising during the year	26,830	(10,413)
the consolidated statement of profit or loss	(28,499)	10,711
(1,669)	298
Exchange differences on translation of foreign operations	(15,365)	(3,706)
OTHER COMPREHENSIVE EXPENSE FOR THE YEAR, NET OF TAX	(17,034)	(3,408)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	109,400	94,300
Attributable to: Owners of the Company	109,415	94,316
Non-controlling interests	(15)	(16)
109,400	94,300

Reclassification adjustments for losses/(gains) included in

CONSOLIDATED STATEMENT OF FINANCIAL As at 31 March 2017	POSITION
Notes	2017 HK$'000	2016 HK$'000
NON-CURRENT ASSETS Property, plant and equipment	170,966	159,388
Goodwill	36,420	36,420
Club debenture	705	705
Intangible assets	106,801	99,766
Interest in an associate	6,277	4,967
Available-for-sale investment	-	5,439
Prepayments and deposits	3,338	3,342
Total non-current assets	324,507	310,027
CURRENT ASSETS Inventories	627,068	609,045
Trade receivables	10	602,636	700,120
Prepayments, deposits and other receivables	51,294	43,261
Tax recoverable	5,041	3,562
Derivative financial instruments	19,154	3,550
Cash and cash equivalents	771,920	544,427
Total current assets	2,077,113	1,903,965
CURRENT LIABILITIES Trade and bills payables	11	729,580	652,034
Other payables and accrued liabilities	115,004	85,044
Interest-bearing bank borrowings	264,877	266,928
Amounts due to non-controlling shareholders	160	160
Tax payable	26,854	9,187
Total current liabilities	1,136,475	1,013,353
NET CURRENT ASSETS	940,638	890,612
TOTAL ASSETS LESS CURRENT LIABILITIES (to be continued)	1,265,145	1,200,639