Y T Realty : 2017 Interim Results Announcement

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Y. T. REALTY GROUP LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 75) 2017 Interim Results Announcement

The board of directors of Y. T. Realty Group Limited (the "Company") is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2017. The interim results have been reviewed by the audit committee of the Company.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2017

Unaudited Six months ended 30 June

Notes	2017 HK$'000	2016 HK$'000
REVENUE	2, 3	21,426	46,118
Direct outgoings	(41)	(803)
21,385	45,315
Other income and other net losses	1,087	94,734
Administrative expenses	(4,285)	(9,902)
Changes in fair value of investment properties	12,270	(5,920)
Finance costs	-	(454)
Share of results of an associate	-	51,296
Share of results of a joint venture	-	756
PROFIT BEFORE TAX	4	30,457	175,825
Income tax credit/(expense)	5	1,127	(7,204)
PROFIT FOR THE PERIOD ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY	31,584	168,621

EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE COMPANY

Basic and diluted 6 HK4.0 cents HK21.1 cents

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the six months ended 30 June 2017

Unaudited Six months ended 30 June 2017 2016

HK$'000 HK$'000

PROFIT FOR THE PERIOD 31,584 168,621 OTHER COMPREHENSIVE INCOME/(LOSS)

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

Exchange differences on translation of foreign

operations	70,275 (24,275)
Share of other comprehensive loss of an associate	- (74,231)
Share of other comprehensive loss of a joint venture	- (14,117)
Release of exchange fluctuation reserve upon deemed
disposal of a joint venture	- 18,690

OTHER COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD 70,275 (93,933) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY 101,859 74,688 CONSOLIDATED STATEMENT OF FINANCIAL POSITION

30 June 2017

Notes	30 June 2017	31 December 2016
HK$'000	HK$'000
(Unaudited)	(Audited)
NON-CURRENT ASSETS
Property, plant and equipment	195	95
Investment properties	1,173,015	1,093,054
Other investments	18,330	1,570
Total non-current assets	1,191,540	1,094,719
CURRENT ASSETS
Trade receivables	8	6,912	1,427
Other receivables, deposits and prepayments	1,310	879
Cash and cash equivalents	389,232	390,399
Total current assets	397,454	392,705
CURRENT LIABILITIES
Trade payables	9	587	79
Other payables and accrued expenses	22,792	22,042
Tax payables	3,158	4,905
Total current liabilities	26,537	27,026
NET CURRENT ASSETS	370,917	365,679
TOTAL ASSETS LESS CURRENT LIABILITIES	1,562,457	1,460,398
NON-CURRENT LIABILITIES
Deferred tax liabilities	3,968	3,768
Net assets	1,558,489	1,456,630
EQUITY
Equity attributable to equity holders of the
Company

Issued share capital 79,956 79,956

Reserves 1,478,533 1,376,674

Total equity 1,558,489 1,456,630

Notes:

1 Basis of preparation and accounting policies

These unaudited interim condensed consolidated financial statements have been prepared in accordance with Hong Kong Accounting Standard ("HKAS") No. 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") and the disclosure requirements of Appendix 16 to the Main Board Listing Rules (the "Listing Rules"). These unaudited interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the annual financial statements for the year ended 31 December 2016.

The accounting policies and basis of preparation adopted in the preparation of these unaudited interim condensed consolidated financial statements are consistent with those used in the preparation of the Group's annual financial statements for the year ended 31 December 2016, which have been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRSs") (which include all Hong Kong Financial Reporting Standards, HKASs and Interpretations) issued by HKICPA and accounting principles generally accepted in Hong Kong, except for the adoption of the following new amendments to HKFRSs for the first time for the current period's unaudited interim condensed consolidated financial statements:

Amendments to HKAS 7 Disclosure Initiative

Amendments to HKAS 12 Recognition of Deferred Tax Assets for Unrealised

Losses

Amendments to HKFRS 12 included in Annual Improvements 2014-2016 Cycle

Disclosure of Interest in Other Entities

The adoption of the revised HKFRSs has had no significant financial effect on these unaudited interim condensed consolidated financial statements.

The Group has not early applied any new and revised HKFRSs, that have been issued but are not yet effective, in these unaudited interim condensed consolidated financial statements. However, the Group is in the process of making an assessment of the impact of the new and revised HKFRSs upon initial application, certain of which may be relevant to the Group's operation and may result in changes in the Group's accounting policies, and changes in presentation and measurement of certain items of the Group's financial information.