Annual Report 2011 - QuamIR

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Notes to the Consolidated Financial StatementsFor the year ended 31 March 201143. Events After the Reporting PeriodSave as disclosed elsewhere in these consolidated financial statements, the Group had the followingmaterial events subsequent to the end of the reporting period:(a)On 27 April 2011, the Company announced that it had entered into the placing agreement dated27 April 2011 (the “2011 Placing Agreement”), with Mr. Leung and the placing agents in relationto a placing of 1,100,000,000 shares owned by Mr. Leung to independent third parties at a priceof HK$0.38 per share (“Placing Shares”). On the same day, the Company and Mr. Leung (assubscriber) has entered into an subscription agreement dated 27 April 2011 which Mr. Leunghas conditionally agreed to subscribe for the subscription shares (the number of which shall beequivalent to the Placing Shares) actually placed under the 2011 Placing Agreement at HK$0.38per subscription share.The completion of the 2011 Placing Agreement took place on 3 May 2011 in accordance with theterms and conditions of the 2011 Placing Agreement and an aggregate of 1,100,000,000 PlacingShares have been successfully placed to not less than six placees at HK$0.38 per share.On 9 May 2011, the Company announced that an aggregate of 1,100,000,000 shares of HK$0.01 eachin the capital of the Company were allotted and issued to Mr. Leung at HK$0.38 per subscriptionshare. The Company raised a sum of approximately HK$418 million and retained the net proceedsfor use of the future acquisitions and as general working capital of the Group.(b)On 11 May 2011, Sino Prosper Asphalt Investment Limited, a wholly-owned subsidiary of theCompany entered into a sale and purchase agreement with an independent third party to disposeof its office premise at a consideration of approximately HK$36,427,000.Sino Prosper State Gold Resources Holdings Limited122
Financial SummaryFor the year ended 31 March 20112007 2008 2009 2010 2011HK$’000 HK$’000 HK$’000 HK$’000 HK$’000ResultsTurnover 20,138 84,714 31,335 41,824 47,692Loss before tax (123,875 ) (27,815 ) (9,607 ) (59,486 ) (48,185 )Income tax (expense)/credit – – (355 ) 355 198Loss for the year (123,875 ) (27,815 ) (9,962 ) (59,131 ) (47,987 )Attributable to:Owners of the Company (122,173 ) (27,398 ) (9,764 ) (58,882 ) (44,040 )Non-controlling interests (1,702 ) (417 ) (198 ) (249 ) (3,947 )(123,875 ) (27,815 ) (9,962 ) (59,131 ) (47,987 )Loss per share for loss attributableto owners of the Companyfor the yearBasic and diluted (HK cents) (9.91) (2.13) (0.74) (2.80) (0.70)2007 2008 2009 2010 2011HK$’000 HK$’000 HK$’000 HK$’000 HK$’000Total asset 280,513 297,652 315,650 1,249,396 1,724,737Total liabilities (15,894 ) (25,699 ) (41,430 ) (178,563 ) (64,393 )264,619 271,953 274,220 1,070,833 1,660,344Equity attributable to ownersof the Company 263,104 270,448 273,135 714,485 1,531,033Non-controlling interests 1,515 1,505 1,085 356,348 129,311Total equity 264,619 271,953 274,220 1,070,833 1,660,344Annual Report 2011123
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Sino Prosper State Gold Resources H
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Year in Review2010-2011April 2010HK
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Chairman’s MessageOver the course
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Chairman’s MessageFor its part, A
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Management Discussion & AnalysisAft
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Management Discussion & AnalysisInv
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Management Discussion & AnalysisTar
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Management Discussion & AnalysisDur
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Directors’ and Management Profile
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Directors’ and Management Profile
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Corporate Governance ReportDIRECTOR
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Corporate Governance ReportREMUNERA
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Directors’ ReportThe directors (t
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Directors’ ReportMr. Cai Wei Lun
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Directors’ ReportNotes:1. This pe
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Directors’ ReportThe emolument of
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Independent Auditors’ ReportWe be
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Consolidated Statement of Financial
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Consolidated Statement of Changes i
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Consolidated Statement of Cash Flow
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Notes to the Consolidated Financial
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Annual Report 2011 - QuamIR

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