INWORLD GROUP<08100> - Results Announcement (Final, 2002/2003, Summary)
Inworld Group Limited announced on 25/9/2003:
(stock code: 08100 )
Year end date :30/6/2003
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report by :N/A
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Audited) (Audited)
Current Last Corresponding
Period Period
from 1/7/2002 from 1/7/2001
to 30/6/2003 to 30/6/2002
$'000 $'000
Turnover : 1,558 6,746
Profit/(Loss) from Operations : (19,185) (4,584)
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (19,113) (4,442)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HK$0.03303) (HK$0.00842)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (19,113) (4,442)
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
For and on behalf of
Inworld Group Limited
Signature :
Name :Koh Tat Lee, Michael
Title :Chairman
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.
Remark:
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 indemnity the Exchange against all liability incurred and
all losses suffered by the Exchange in connection with or relating
to the Information.
1. Basis of preparation and principal accounting policies
The accounting policies and methods of computation used in the
preparatin of the financial statements for the current year are
consistent with those used in the annual financial statements for the
year ended 30 June 2002, except that the Group has adopted in the
current year's financial statements the following Statements of Standard
Accounting Practice ("SSAPs"):
SSAP 1 (revised) : Presentation of financial statements
SSAP11 (revised) : Foreign currency translation
SSAP15 (revised) : Cash flow statements
SSAP 34 : Employee benefits
2. All of the Group's operations are classed as continuing.
3. Loss from operations
Impairment loss of HK$6,620,000 (2002:Nil) in respect of product
development costs is charged to the income statement.
4. Loss per share
The calculation of basic loss per share is based on the net loss from
ordinary activities attributable to shareholders for the year of
HK$19,113,000(2002: HK$4,442,000) and the weighted average of
578,667,024(2002: 527,868,493) ordinary shares in issue during the year.
There were no potential dilutive shares in existence for the year ended
30th June 2003 and, accordingly, no diluted loss per share has been
presented.
Diluted loss per share for the year ended 30th June 2002 has not been
presented since all share options granted can only be exercised after
30th June 2002, the computation of diluted loss per shares is based on
the same weighted average number of ordinary shares for the purpose of
basic loss per share.
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