G. A. HOLDINGS<08126> - Results Announcement G.A. Holdings Limited announced on 10/08/2005: (stock code: 08126 ) Year end date: 31/12/2005 Currency: SGD Auditors' Report: N/A Interim report reviewed by: Audit Committee Important Note: This result announcement form only contain extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be view on the GEM website at http://www.hkgem.com (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 30/06/2005 to 30/06/2004 Note ('000 ) ('000 ) Turnover : 51,306 63,679 Profit/(Loss) from Operations : 3,083 2,836 Finance cost : (1,185) (892) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 1,573 1,445 % Change over Last Period : +8.86 % EPS/(LPS)-Basic (in dollars) : 0.0039 0.0036 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 1,573 1,445 2nd Quarter Dividend : N/A N/A per Share (Specify if with other : N/A N/A options) B/C Dates for 2nd Quarter Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A For and on behalf of G.A. Holdings Limited Name : Chan Hing Ka Anthony Title : Chairman and Managing Director Responsibility statement The directors of the Company (the "Directors") as at the date hereof hereby collectively and individually accept full responsibility for the accuracy of the information contained in this results announcement form (the "Information") and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief the Information are accurate and complete in all material respects and not misleading and that there are no other matters the omission of which would make the Information herein inaccurate or misleading. The Directors acknowledge that the Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to indemnify the Exchange against all liability incurred and all losses suffered by the Exchange in connection with or relating to the Information. Remarks: 1. Basis of Preparation The unaudited condensed consolidated interim financial statements have been prepared in accordance with the applicable requirements of the Rules Governing the Listing of Securities on the GEM of the Stock Exchange of Hong Kong Limited (¡§GEM Listing Rules¡¨), the Hong Kong Accounting Standard (¡§HKAS¡¨) 34: Interim Financial Reporting Standards issued by The Hong Kong Stock Institute of Certified Public Accountants (¡§HKICPA¡¨). The accounting policies and basis of preparation adopted in these interim financial statements are consistent with those adopted in the Company¡¦s Annual Report for the year ended 31 December 2004 except for the new adoption of Hong Kong Financial Reporting Standards (¡§HKFRSs¡¨) and HKAS as disclosed in note 2 below. Due to the new adoption of such HKFRSs and HKASs, certain comparative figures previously reported have been restated to comply with the new requirements. These unaudited condensed consolidated interim financial statements have been reviewed by the audit committee of the Company and were approved by the Board on 10 August 2005. 2. Impact of new/revised HKFRSs and HKASs The HKICPA has issued a number of new HKFRSs and HKASs and Interpretations, which are effective for the accounting periods commencing on or after 1 January 2005. The Group has, for the first time, adopted the following HKAS issued up to 30 June 2005 which are pertinent to its operations and relevant to these interim financial statements. The adoption of HKAS 1 ¡§Presentation of Financial Statements¡¨ has affected the presentation of miority interests, which are shown within equity. On the face of the consolidated income statement, minority interests are presented as an allocation of the total profit or loss for the period. 3. Turnover The Company is an investment holding company. Its subsidiaries are principally engaged in distribution of motor vehicles, provision of after-sales services and trading of auto parts, provision of management consulting and technical assistance, provision of management consulting and technical expertise to the car rental sublicensees. |