2nd Quarterly Report 2005/2006 - International Entertainment ...

International Entertainment Corporation • Interim Report 2005/06
5. Taxation
No provision for Hong Kong profits tax has been made as the Group had no assessable
profits for the three months and six months ended 30 September 2005 (for the three
months and six months ended 30 September 2004: nil).
Taxation arising in other jurisdictions is calculated at the rates prevailing in the relevant
jurisdiction.
No provision for deferred taxation has been recognised as the amount involved is
insignificant.
6. Dividend
The Board does not recommend the payment of any dividend for the six months ended
30 September 2005 (for the six months ended 30 September 2004: nil).
7. Loss per share
The calculation of the basic loss per share for the three months and six months ended
30 September 2005 is based on the respective unaudited consolidated loss attributable
to equity holders of approximately HK$12,896,000 and HK$12,684,000 (three months
and six months ended 30 September 2004: HK$2,698,000 and HK$6,731,000) and
the weighted average number of shares of 235,831,447 (three months and six months
ended 30 September 2004: 204,831,447 and 170,317,785) in issue during the periods.
Loss per share for six months ended 30 September 2004 has been adjusted for the
share consolidation of every 100 ordinary shares of HK$0.01 each into one share of
HK$1.00 each, which became effective on 22 April 2004.
The computation of diluted loss per share for the three months and six months ended
30 September 2005 did not assume the exercise of the subsidiary’s outstanding share
options existed during the six months ended 30 September 2005 since their exercise
would reduce loss per share. For the three months and six months ended 30 September
2004, no diluted loss per share has been presented as there were no options in issue.
8. Property, plant and equipment
Furniture,
Leasehold fixtures and Computer
improvements equipment hardware Total
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
HK$’000 HK$’000 HK$’000 HK$’000
At 1 April 2005 1,376 694 1,991 4,061
Exchange adjustments 12 (9 ) – 3
Additions 365 27 185 577
Disposals – – (11) (11)
Depreciation provided for
the period (647) (158 ) (526) (1,331)
At 30 September 2005 1,106 554 1,639 3,299
11