CREATIVE TECHNOLOGY LTD 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 11
CONFIRMATION BY THE BOARD 12
UNAUDITED RESULTS FOR THE THIRD QUARTER ENDED 31 MARCH 2016-
CONSOLIDATED INCOME STATEMENT
GROUP GROUP
Three months ended 31 March
Nine months ended 31 March
2016 2015 % change 2016 2015 % change
US$'000 US$'000 + / (-) US$'000 US$'000 + / (-)Sales, net
18,459
22,729
(19)
67,472
78,325
(14)
Cost of goods sold
(13,224)
(16,219)
(18)
(49,408)
(55,785)
(11)
Gross profit
5,235
6,510
(20)
18,064
22,540
(20)
Expenses:
Selling, general and administrative
(8,491)
(8,932)
(5)
(30,706)
(25,768)
19
Research and development
(2,946)
(4,721)
(38)
(12,022)
(14,807)
(19)
Total expenses
(11,437)
(13,653)
(16)
(42,728)
(40,575)
5
Other income
113
90
n.m.
260
178
n.m.
Other gains
14,015
1,848
n.m.
36,240
2,280
n.m.
Other losses
(322)
(6,500)
n.m.
(1,068)
(15,126)
n.m.
Share of loss of associated companies
(347)
--
n.m.
(347)
--
n.m.
Profit (loss) before income tax
7,257
(11,705)
n.m.
10,421
(30,703)
n.m.
Income tax (expense) credit
(3,180)
18
n.m.
(8,245)
(30)
n.m.
Net profit (loss)
4,077
(11,687)
n.m.
2,176
(30,733)
(107)
Attributable to:
Equity holders of the Company
4,043
(11,706)
n.m.
2,085
(30,733)
(107)
Non-controlling interests
34
19
79
91
--
n.m.
Earnings (loss) per share attributable to
equity holders of the Company
- Basic (US$ per share)
0.06
(0.17)
n.m.
0.03
(0.44)
n.m.
- Diluted (US$ per share)
0.06
(0.17)
n.m.
0.03
(0.44)
n.m.
n.m. - not meaningful
1(a) Net profit (loss) is arrived at after accounting for: Three months ended Nine months ended 31 March 31 March 2016 2015 % change 2016 2015 % changeUS$'000 US$'000 + / (-) US$'000 US$'000 + / (-)
Write-off/write-down for inventory obsolescence
(246)
(214)
15
(568)
(604)
(6)
Impairment loss on investments
(318)
(258)
23
(781)
(1,234)
(37)
Gain on disposal of investments
1
1,845
(100)
2,723
1,845
48
Foreign exchange gain (loss)
1,501
(6,242)
n.m.
(287)
(13,891)
(98)
Litigation settlement
12,500
-
n.m.
33,500
-
n.m.
-
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
GROUP GROUP
Three months ended Nine months ended 31 March 31 March
2016 2015 % change 2016 2015 % change
US$'000 US$'000 + / (-) US$'000 US$'000 + / (-)
Net profit (loss)
Other comprehensive income:
4,077
(11,687)
n.m.
2,176
(30,733)
n.m.
Fair value (losses) gains of financial assets, available-for-sale: Fair value (losses) gains
(1,305)
(72)
n.m.
(4,801)
6,027
n.m.
Reclassification
-
(1,938)
(100)
(2,722)
(2,589)
5
Total comprehensive income (loss) for the period
2,772
(13,697)
n.m.
(5,347)
(27,295)
(80)
Attributable to:
Shareholders of the Company
2,738
(13,716)
n.m.
(5,438)
(27,295)
(80)
Non-controlling interests
34
19
79
91
-
n.m.
Total comprehensive income (loss) for the period
2,772
(13,697)
n.m.
(5,347)
(27,295)
(80)
- BALANCE SHEETS
Group Company 31 March 30 June 31 March 30 June
2016 2015 2016 2015US$'000 US$'000 US$'000 US$'000
ASSETS Current assets: Cash and cash equivalents | 96,759 | 99,668 | 91,213 | 97,373 |
Trade receivables | 7,924 | 9,782 | 175 | 4,290 |
Amounts due from subsidiaries | - | - | 40,194 | 31,735 |
Inventories | 25,179 | 28,879 | 2,695 | 15,939 |
Other current assets | 3,646 | 1,320 | 2,417 | 422 |
133,508 | 139,649 | 136,694 | 149,759 | |
Non-current assets: Financial assets, available-for-sale | 10,343 | 18,239 | - | - |
Amounts due from subsidiaries | - | - | 129,306 | 145,344 |
Investments in subsidiaries | - | - | 25,453 | 25,453 |
Property and equipment | 996 | 1,361 | 195 | 369 |
Other non-current assets | 186 | 88 | - | - |
11,525 | 19,688 | 154,954 | 171,166 | |
Total assets | 145,033 | 159,337 | 291,648 | 320,925 |
LIABILITIES Current liabilities: Trade payables | 9,323 | 15,639 | 857 | 10,409 |
Amounts due to subsidiaries | - | - | 9,277 | 12,060 |
Accrued liabilities and provisions | 28,588 | 31,445 | 16,774 | 20,451 |
Current income tax liabilities | 652 | 643 | - | - |
38,563 | 47,727 | 26,908 | 42,920 |
Amounts due to subsidiaries - - 30,162 27,507
Deferred income tax liabilities | 10,302 | 9,902 | - | - |
10,302 | 9,902 | 30,162 | 27,507 | |
Total liabilities | 48,865 | 57,629 | 57,070 | 70,427 |
NET ASSETS | 96,168 | 101,708 | 234,578 | 250,498 |
EQUITY Share capital | 266,753 | 266,753 | 266,753 | 266,753 |
Treasury shares | (16,262) | (16,262) | (16,262) | (16,262) |
Fair value reserve | 4,781 | 12,304 | - | - |
Other reserves | 62,364 | 62,562 | 34,900 | 35,098 |
Accumulated losses | (221,757) | (223,847) | (50,813) | (35,091) |
95,879 | 101,510 | 234,578 | 250,498 | |
Non-controlling interests | 289 | 198 | - | - |
Total equity | 96,168 | 101,708 | 234,578 | 250,498 |
Creative Technology Ltd. published this content on 06 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 May 2016 02:32:04 UTC.
Original documenthttp://www.creative.com/corporate/pressroom/?id=13505
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