INWORLD GROUP<08100> - Results Announcement (Q1, 2003/2004, Summary)
Inworld Group Limited announced on 14/11/2003:
(stock code: 08100)
Year end date :31/12/2003
Currency :HKD
Auditors' report :N/A
Review of 1st Quarterly Report by :Audit Committee
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
(Unaudited) (Unaudited)
Current Last
Corresponding
Period Period
from 1/7/2003 from 1/7/2002
to 30/9/2003 to 30/9/2002
$'000 $'000
Turnover : 619 1,293
Profit/(Loss) from Operations : (1,621) (2,834)
Finance cost : 0 0
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 : (1,610) (2,737)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0025) (HKD 0.0047)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (1,610) (2,737)
1st Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarterly 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 Li, Michael
Title : 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:
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 resonable inquires,
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 presentation
The accounts have been prepared in accordance with all applicable
Statements of Standard Accounting Practice ("SSAP") issued by the Hong
Kong Society of Accountants, accounting principles generally accepted
in Hong Kong and the disclosure requirements of the Hong Kong Companies
Ordinance. They have been prepared under the historical cost convention
except that certain investment securities are stated at fair value.
The accounting policies adopted in the preparation of the accounts are
consistent with those used in the annual financial statements for the
year ended 30 June 2003. All significant transactions and balances
between companies comprising the Group have been eliminated on
consolidation.
2. Turnover
Tunover represents revenue from inforamtion technology ("IT")
consultation servies, system solution service, web page design and
development, income from cyber caf�m operations and sales of computer
periphery products.
3. Taxation
No provision for Hong Kong profits tax has been made in the accounts as
the Group had no assessable profits in Hong Kong for the three months
ended 30 September 2003 (2002 : Nil).
Taxation on overseas profits is charged at the rates of taxation
prevailing in the countries in which the companies operate. No
provision for overseas taxation has been made in the accounts as the
subsidiaries operating outside Hong Kong have no assessable profits for
the period ended 30 September 2003 (2002 : Nil).
No provision for deferred taxation has been made as the Group have no
material potential liabilities arising on timing difference at 30
September 2003 (2002 : Nil).
4. Loss per share
The calculation of the Group's basic loss per share for the three
months ended 30 September 2003 is based on the Group's loss
attributable to shareholders of approximately HK$1,610,000 (2002:
approximately HK$2,737,000) and the weighted average number of
approximately 636,712,348 shares of the Company for the three months
ended 30 September 2003 (2002: 578,306,870 shares).
There were no potentail dilutive shares in existence for the three
months ended 30 September 2003 and, accordingly, no diluted loss per
share has been persented.
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