00039生物动力中期报告.ppt

I n t e ri m Re p o r t,中 期 報 告,（於 開 曼 群 島 註 冊 成 立 之 有 限 公 司）,股 份 代 號：00039,2,3,4,6,8,9,28,30,Contents,目錄,Condensed Consolidated Income Statement簡明綜合收入報表Condensed Consolidated Statement of Comprehensive Income簡明綜合全面收益表Condensed Consolidated Statement of Financial Position簡明綜合財務狀況表Condensed Consolidated Statement of Changes in Equity簡明綜合權益變動表Condensed Consolidated Statement of Cash Flows簡明綜合現金流量表Notes to Interim Condensed Consolidated Financial Statements中期簡明綜合財務報表附註Report on Review of Interim Financial Information中期財務資料審閱報告Management Discussion and Analysis管理層討論及分析,Other Information其他資料,38,5,6,5,7,8,10,BIO-DYNAMIC GROUP LIMITED 生物動力集團有限公司,The board of directors(the“Board”)of BIO-DYNAMIC GROUP LIMITED(the“Company”)announces the unaudited consolidated results ofthe Company and its subsidiaries(collectively,the“Group”)for the six months ended 30 June2012 together with comparative figures.Theinterim financial information has been reviewedby the audit committee of the Company andErnst&Young,the auditor of the Company.CONDENSED CONSOLIDATEDINCOME STATEMENTFor the six months ended 30 June 2012,生物動力集團有限公司（本公司）董事會（董事會）宣佈本公司及其附屬公司（統稱本集團）截至二零一二年六月三十日止六個月的未經審核綜合業 績，連 同 比 較 數 字。中 期 財 務 資 料已經本公司審核委員會及本公司核數師安永會計師事務所審閱。簡明綜合收入報表截至二零一二年六月三十日止六個月,Notes附註,Six months ended 30 June截至六月三十日止六個月2012 2011(Unaudited)(Unaudited)（未經審核）（未經審核）HK$000 HK$000千港元 千港元,REVENUECost of salesGross profitOther incomeSelling and distribution costsAdministrative expensesFinance costsLOSS BEFORE TAXIncome tax expenseLOSS FOR THE PERIODAttributable to:Owners of the parentNon-controlling interests,收益銷售成本毛利其他收入銷售及分銷成本行政開支融資成本除稅前虧損所得稅開支期內虧損下列應佔：母公司擁有人非控股權益,96,271(84,792)11,4793,110(15,299)(39,460)(3,282)(43,452)(109)(43,561)(37,023)(6,538)(43,561),249,091(238,189)10,9021,587(13,751)(30,152)(1,973)(33,387)(207)(33,594)(29,257)(4,337)(33,594),2,LOSS PER SHARE ATTRIBUTABLE TO 母公司普通股權持有人ORDINARY EQUITY HOLDERS 應佔每股虧損OF THE PARENTBasic and diluted 基本及攤薄,HK(3.1)cents港仙,HK(2.5)cents港仙,Interim Report 2012 中期報告,CONDENSED CONSOLIDATEDSTATEMENT OF COMPREHENSIVEINCOMEFor the six months ended 30 June 2012,簡明綜合全面收益表截至二零一二年六月三十日止六個月Six months ended 30 June截至六月三十日止六個月2012 2011,(Unaudited),(Unaudited),（未經審核）（未經審核）,HK$000千港元,HK$000千港元,LOSS FOR THE PERIODExchange differences ontranslation of foreignoperationsOTHER COMPREHENSIVEINCOME/(LOSS)FORTHE PERIOD,NET OF TAXTOTAL COMPREHENSIVELOSS FOR THE PERIODAttributable to:Owners of the parentNon-controlling interests,期內虧損換算海外業務之匯兌差額期內除稅後之其他全面收益（虧損）期內全面虧損總額下列應佔：母公司擁有人非控股權益,(43,561)(3,440)(3,440)(47,001)(39,854)(7,147)(47,001),(33,594)8,6348,634(24,960)(21,425)(3,535)(24,960),3,17,16,15,BIO-DYNAMIC GROUP LIMITED 生物動力集團有限公司,CONDENSED CONSOLIDATEDSTATEMENT OF FINANCIALPOSITION30 June 2012,簡明綜合財務狀況表於二零一二年六月三十日,Notes附註,30 June 31 December六月三十日 十二月三十一日2012 2011(Unaudited)(Audited)（未經審核）（經審核）HK$000 HK$000千港元 千港元,NON-CURRENT ASSETSProperty,plant and equipmentPrepaid land lease paymentsGoodwillOther intangible assetsTotal non-current assetsCURRENT ASSETSInventoriesTrade and bills receivablesPrepayments,deposits andother receivablesDue from related partiesPledged depositsCash and cash equivalentsTotal current assetsCURRENT LIABILITIESTrade and bills payablesOther payables and accrualsInterest-bearing bank andother borrowingsDue to related partiesDue to a non-controlling shareholderof a subsidiaryTax payableTotal current liabilitiesNET CURRENT LIABILITIESTOTAL ASSETS LESS CURRENTLIABILITIES,非流動資產物業、廠房及設備預付土地租金商譽其他無形資產非流動資產總值流動資產存貨應收貿易賬款及票據預付款項、按金及其他應收款項應收關連人士款項已抵押存款現金及現金等值物流動資產總值流動負債應付貿易賬款及票據其他應付款項及應計費用計息銀行及其他借貸應付關連人士款項應付一間附屬公司非控股股東款項應付稅項流動負債總額流動負債淨額資產總值減流動負債,11121314,321,72532,1074,073133,123491,02873,6478,57267,4955206,4157,416164,06560,13491,00756,27622,64630,6806,733267,476(103,411)387,617,339,88832,9974,073138,974515,93296,81515,20458,25444627,41816,489214,62665,033109,98269,21618,10631,0127,124300,473(85,847)430,085,4,Interim Report 2012 中期報告,Notes附註,30 June 31 December六月三十日 十二月三十一日2012 2011(Unaudited)(Audited)（未經審核）（經審核）HK$000 HK$000千港元 千港元,TOTAL ASSETS LESS CURRENT,資產總值減流動負債,LIABILITIESNON-CURRENT LIABILITIES,非流動負債,387,617,430,085,Deferred tax liabilitiesDeferred incomeTotal non-current liabilitiesNet assetsEQUITYEquity attributable to owners,遞延稅項負債遞延收入非流動負債總額資產淨值權益母公司擁有人應佔權益,13,38512,11925,504362,113,14,26612,50026,766403,319,of the parent,Issued capitalReserves,已發行股本儲備,18,119,074195,585,119,064229,654,314,659,348,718,Non-controlling interestsTotal equity,非控股權益權益總額,47,454362,113,54,601403,319,5,簡明綜合權益變動表,截至二零一二年六月三十日止六個月,Attributabletoownersoftheparent,母公司擁有人應佔,Share,Share,Exchange,Non-,Issued,premium,option,Merger,OtherfluctuationAccumulated,controlling,Total,capital,account,reserve,reserve,reserve,reserve,losses,Total,interests,equity,已發行股本股份溢價賬購股權儲備,合併儲備,其他儲備匯兌波動儲備,累計虧損,總計非控股權益,權益總額,(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited),（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,千港元,千港元,千港元,千港元,千港元,千港元,千港元,千港元,千港元,千港元,114,545,681,555,13,745,(535),22,800,27,563,(420,494),(29,257),439,179,(29,257),65,644,(4,337),504,823,(33,594),7,832,7,832,802,8,634,3,105,21,194,(1,174),6,451,(22,800),7,832,(29,257),(21,425),325,6,451,(3,535),662,(24,960),662,325,6,451,117,650,702,749,19,022,(535),35,395,(449,751),424,530,62,771,487,301,CONDENSEDCONSOLIDATED,STATEMENTOFCHANGESINEQUITY,Forthesixmonthsended30June2012,At1January2011,於二零一一年一月一日,Lossfortheperiod,期內虧損,Othercomprehensivelossfortheperiod:,期內其他全面虧損：,Exchangedifferencesontranslationofforeignoperations,換算海外業務之匯兌差額,Totalcomprehensivelossfortheperiod,期內全面虧損總額,Contributionfromanon-controllingshareholderofasubsidiary,一間附屬公司非控股股東的出資,Issueofshares,發行股份,Equity-settledshareoptionarrangements,股權結算購股權安排,At30June2011,於二零一一年六月三十日,BIO-DYNAMIC GROUP LIMITED 生物動力集團有限公司,6,Attributabletoownersoftheparent,母公司擁有人應佔,Share,Share,Exchange,Non-,Issued,premium,option,Merger,OtherfluctuationAccumulated,controlling,Total,capital,account,reserve,reserve,reserve,reserve,losses,Total,interests,equity,已發行股本股份溢價賬購股權儲備,合併儲備,其他儲備匯兌波動儲備,累計虧損,總計非控股權益,權益總額,(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited),（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）（未經審核）,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,HK$000,千港元,千港元,千港元,千港元,千港元,千港元,千港元,千港元,千港元,千港元,At1January2012,於二零一二年一月一日,119,064,712,926*,21,872*,(535)*,*,41,432*,(546,041)*,348,718,54,601,403,319,(37,023),(37,023),(6,538),(43,561),Lossfortheperiod,期內虧損,Othercomprehensivelossfortheperiod:,期內其他全面虧損：,Exchangedifferencesontranslationofforeignoperations,換算海外業務之匯兌差額,(2,831),(2,831),(609),(3,440),10,(204),5,776,18,(9),(2,831),(37,023),204,(39,854),19,5,776,(7,147),(47,001),19,5,776,Totalcomprehensivelossfortheperiod,期內全面虧損總額,Issueofshares,發行股份,Equity-settledshareoptionarrangements,股權結算購股權安排,Transferofshareoptionreserveuponthelapseofshareoptions,於購股權失效時轉撥購股權儲備,At30June2012,於二零一二年六月三十日,119,074,712,944*,27,435*,(535)*,*,38,601*,(582,860)*,314,659,47,454,362,113,*,Thesereserveaccountscomprisetheconsolidatedreservesof,*,該等儲備賬目包含於中期簡明綜合財務狀況表之綜合,儲備195,585,000港元,（二零一一年十二月三十一日：,229,654,000港元）,。,HK$195,585,000(31December2011:HK$229,654,000)intheinterim,condensedconsolidatedstatementoffinancialposition.,Interim Report 2012 中期報告,7,BIO-DYNAMIC GROUP LIMITED 生物動力集團有限公司,CONDENSED CONSOLIDATEDSTATEMENT OF CASH FLOWSFor the six months ended 30 June 2012,簡明綜合現金流量表截至二零一二年六月三十日止六個月Six months ended 30 June截至六月三十日止六個月2012 2011,(Unaudited),(Unaudited),（未經審核）（未經審核）,HK$000千港元,HK$000千港元,Net cash flows from,經營活動所得,operating activitiesNet cash flows from/(used in)investing activitiesNet cash flows used infinancing activitiesNET DECREASE IN CASHAND CASH EQUIVALENTSCash and cash equivalents atbeginning of periodEffect of foreign exchangerate changes,netCASH AND CASH,現金流量淨額投資活動所得（所耗）現金流量淨額融資活動所耗現金流量淨額現金及現金等值物減少淨額期初的現金及現金等值物外幣匯率變動的影響淨額期末的現金及現金等值物,3,1515,502(19,646)(10,993)18,216193,6,377(13,838)(4,603)(12,064)38,098(1,118),EQUIVALENTS AT END,OF PERIODANALYSIS OF BALANCES OF 現金及現金等值物結餘分析CASH AND CASHEQUIVALENTS,7,416,24,916,Cash and bank balances,現金及銀行結餘,7,416,24,916,8,Interim Report 2012 中期報告,NOTES TO INTERIM CONDENSEDCONSOLIDATED FINANCIALSTATEMENTS30 June 2012,中期簡明綜合財務報表附註於二零一二年六月三十日,1.,BASIS OF PRESENTATIONAt 30 June 2012,the Group had net currentliabilities of HK$103,411,000,inclusive of bankand other borrowings,other payables and theamount due to a non-controlling shareholder ofa subsidiary of HK$56,276,000,HK$85,192,000and HK$30,680,000,respectively,which weredue for repayment or renewal within the next12 months.The Group incurred a consolidatedloss of HK$43,561,000 for the six monthsended 30 June 2012.The directors considerthat these conditions were caused mainly by thedeteriorating performance of a subsidiary of the,1.,呈列基準於 二 零 一 二 年 六 月 三 十 日，本 集 團流 動 負 債 淨 額 為103,411,000港 元，當 中 包 括 銀 行 及 其 他 借 貸、其 他 應付款項及應付一間附屬公司非控股股東之款項分別為56,276,000港元、85,192,000港元及30,680,000港元，於未來十二個月到期償還或重續。截至二零一二年六月三十日止六個月，本 集 團 產 生 綜 合 虧 損43,561,000港元。董事認為此等狀況主要由於過去幾年本集團於哈爾濱的一間附屬公司的表現欠佳所致。,Group in Harbin over the last few years.,In order to strengthen the capital base of theGroup and to improve the Groups financialposition,immediate liquidity and cash flows,and otherwise to sustain the Group as a goingconcern,Able Turbo Enterprises Limited,Mr.JiangJianjun and Orientelite Investments Limited,allof which are shareholders of the Company,haveagreed to jointly and severally provide continuousfinancial support to the Group.Furthermore,the directors intend to negotiate forthe deferral of repayment or renewal of the otherpayables,bank and other borrowings and theamount due to a non-controlling shareholder of a,為加強本集團的資本基礎及改善本集 團 的 財 務 狀 況、即 時 流 動 性 及 現金流量，以及維持本集團持續經營，本 公 司 股 東Able Turbo EnterprisesLimited、江 建 軍 先 生 及OrienteliteInvestments Limited已同意共同及個別向本集團提供持續財政支持。此外，董事擬於其他應付款項、銀行及其他借貸及應付一間附屬公司非控股股東款項到期時就延遲付款或重續進行磋商。,subsidiary when they fall due.9,1.,1.,BIO-DYNAMIC GROUP LIMITED 生物動力集團有限公司,BASIS OF PRESENTATION(continued)In light of the above,the directors are satisfiedthat the Group will be able to meet its financialobligations as and when they fall due for theforeseeable future,and are of the opinion that itis appropriate to prepare the financial statementson a going concern basis.Should the Group be unable to operate as agoing concern,adjustments would have to bemade to write down the value of assets to theirrecoverable amounts,and to provide for anyfurther liabilities which might arise.The effect ofthese adjustments has not been reflected in thefinancial statements.,呈列基準（續）鑑於上述者，董事信納本集團於可預見未來將能如期履行其財務責任，並認為按持續經營基準編製財務報表乃屬恰當。倘本集團無法繼續持續經營，則須作出 調 整，重 列 資 產 值 至 其 可 收 回 金額，並就可能產生的其他負債作出撥備。此等調整的影響並未反映在財務報表內。,2.,BASIS OF PREPARATIONThe unaudited interim condensed consolidatedfinancial statements have been prepared inaccordance with Hong Kong Accounting Standard(“HKAS”)34“Interim Financial Reporting”issued,2.,編製基準未經審核中期簡明綜合財務報表乃根據香港會計師公會頒佈的香港會計準則（香港會計準則）第34號中期財務報告而編製。,by the Hong Kong Institute of Certified PublicAccountants.,10,The interim condensed consolidated financialstatements do not include all the informationand disclosures required in the annual financialstatements,and should be read in conjunctionwith the Groups annual financial statements forthe year ended 31 December 2011.,中期簡明綜合財務報表並不包括年度財務報表所需的一切資料及披露事項，故應與本集團截至二零一一年十二月三十一日止年度的年度財務報表一併閱讀。,3.,3.,Interim Report 2012 中期報告,IMPACT OF REVISED HONGKONG FINANCIAL REPORTINGSTANDARDSThe accounting policies adopted in thepreparation of the interim condensedconsolidated financial statements are consistentwith those followed in the preparation of theGroups annual financial statements for theyear ended 31 December 2011,except for theadoption of the revised standards as of 1 January2012,noted below:,經修訂香港財務報告準則的影響除於二零一二年一月一日採納下列經修訂之準則外，編製中期簡明綜合財務報表所採納的會計政策與編製本集團截至二零一一年十二月三十一日止年度的年度財務報表所採納者相符。,HKFRS 1 AmendmentsHKAS 12 AmendmentsHKFRS 7 Amendments,Amendments to HKFRS 1First-time Adoption ofHong Kong FinancialReporting Standards Severe Hyperinflation andRemoval of Fixed Datesfor First-time AdoptersAmendments to HKAS 12Income Taxes DeferredTax:Recovery ofUnderlying AssetsAmendments to HKFRS 7Financial Instruments:Disclosures Transfers,香港財務報告準則第1號（修訂本）香港會計準則第12號（修訂本）香港財務報告準則第7號（修訂本）,香港財務報告準則第1號首次採納香港財務報告準則嚴重惡性通脹及剔除首次採納者的既定日期之修訂香港會計準則第12號所得稅遞延稅項：收回相關資產之修訂香港財務報告準則第7號金融工具：披露轉讓金融,of Financial AssetsThe adoption of the above revised standards hashad no material effect on the accounting policiesof the Group and the methods of computation,資產之修訂採納以上經修訂之準則對本集團之會計政策及中期簡明綜合財務報表之計算方法並無重大影響。,in the interim condensed consolidated financialstatements.11,(a),(a),(b),(b),(c),(c),BIO-DYNAMIC GROUP LIMITED 生物動力集團有限公司,4.,OPERATING SEGMENT INFORMATIONFor management purposes,the Group isorganised into business units based on theirproducts and services and has three reportable,4.,經營分類資料就管理而言，本集團乃根據產品及服務性質將業務單位分類，而可予申報經營分類乃下列三項：,operating segments as follows:,12,the ethanol segment is engaged in theproduction and sale of ethanol productsand ethanol by-products;the wine and liquor segment is engaged inthe sale and distribution of wine and liquor;andthe animal feed segment is engaged in theproduction and sale of forages.Management monitors the results of the Groupsoperating segments separately for the purpose ofmaking decisions about resources allocation andperformance assessment.Segment performanceis evaluated based on reportable segment results.Segment results are measured consistently withthe Groups loss before tax except that interestincome,finance costs as well as head officeand corporate expenses are excluded from suchmeasurement.No intersegment sale and transfer was transactedfor the six months ended 30 June 2012 and2011.,乙 醇 分 部，從 事 生 產 及 銷 售 乙醇產品及乙醇副產品；酒 類 分 部，從 事 銷 售 及 分 銷 酒類；及動 物 飼 料 分 部，從 事 生 產 及 銷售粗飼料。管理層獨立監察本集團各經營分類之業績，以作出有關資源分配及表現評估之決策。分類表現乃根據可報告分類業績予以評估。分類業績乃貫徹以本集團之除稅前虧損計量，惟利息收入、融資成本以及總部及企業開支不包含於該計量。於截至二零一二年及二零一一年六月三十日止六個月並無跨類銷售及轉撥。,4.,4.,Interim Report 2012 中期報告,OPERATING SEGMENT INFORMATION(continued),經營分類資料（續）,Wine,Animal,Ethanol and liquor,feed,Total,乙醇,酒類,動物飼料,總計,(Unaudited)(Unaudited)(Unaudited)(Unaudited)（未經審核）（未經審核）（未經審核）（未經審核）,Six months ended30 June 2012Segment revenue:,截至二零一二年六月三十日止六個月分類收益：,HK$000千港元,HK$000千港元,HK$000千港元,HK$000千港元,Sales to external customersOther revenue,銷售予外界客戶其他收入,26,18850326,691,70,0832,42572,508,96,2712,92899,199,Segment results,分類業績,(30,122),416,(2,268),(31,974),Reconciliation:,對賬：,Interest incomeFinance costs,利息收入融資成本,182(3,282),Corporate and other unallocated 企業及其他未分配開支,expenses,(8,378),Loss before tax,除稅前虧損,(43,452),13,4.,4.,BIO-DYNAMIC GROUP LIMITED 生物動力集團有限公司,OPERATING SEGMENT INFORMATION(continued),經營分類資料（續）,Wine,Animal,Ethanol乙醇,and liquor酒類,feed動物飼料,Total總計,(Unaudited)(Unaudited)(Unaudited)(Unaudited)（未經審核）（未經審核）（未經審核）（未經審核）,Six months ended30 June 2011Segment revenue:,截至二零一一年六月三十日止六個月分類收益：,HK$000千港元,HK$000千港元,HK$000千港元,HK$000千港元,Sales to external customersOther revenue,銷售予外界客戶其他收入,176,363400176,763,72,7281,11373,841,249,0911,513250,604,Segme