00162世紀金花 中期报告.ppt

,Financial Highlights財務摘要For the six month ended 30 June截至六月三十日止六個月,2011HK$000二零一一年千港元,2010HK$000(restated)二零一零年千港元（經重列）,Change變動,TurnoverProfit from operationsProfit for the periodProfit attributable to equity holdersBasic earnings per shareCash generated from operations,營業額經營溢利本期內溢利本公司股東應佔溢利每股基本溢利經營業務產生之現金,544,280135,284205,387184,99610.35 HK cents 港仙127,097,327,36989,00586,24462,5923.70 HK cents 港仙31,678,+66%+52%+138%+196%+180%+301%,At 30 June,At 31 December,2011HK$000於二零一一年六月三十日千港元,2010HK$000於二零一零年十二月三十一日千港元,Change變動,Net assets of the Group,本集團資產淨值,904,311,405,469,+123%,Interim,NAV per share,每股資產淨值,35.89 HK cents 港仙,22.85 HK cents 港仙,+57%,Report中期報告2011,CENTURY GINWA RETAIL HOLDINGS LIMITED,世紀金花商業控股有限公司,2,4,5,6,8,11,12,57,59,Contents目錄,Corporate InformationConsolidated Income StatementConsolidated Statement of Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityCondensed Consolidated Cash Flow StatementNotes to the Unaudited Interim Financial ReportReview Report to the Board of DirectorsManagement Discussion and AnalysisCENTURY GINWA RETAIL HOLDINGS LIMITED,公司資料綜合收益賬綜合全面收益賬綜合財務狀況表綜合權益變動表簡明綜合現金流量表未經審核中期財務報告附註致董事會之審閱報告管理層討論及分析世紀金花商業控股有限公司,InterimReport中期報告2011,期,報,告,2,2,Corporate Information公司資料,BOARD OF DIRECTORSExecutive and Non-executive DirectorsMr.Wu Yijian(Chairman)Mr.Qiu Zhongwei(Vice Chairman)Mr.Choon Hoi Kit,Edwin(Chief Executive Officer)Mr.Qu JiaqiMr.Sha YingjieMr.Chen ShuaiIndependent Non-executive DirectorsMr.Chan Wai Kwong,PeterMr.Fu Wing Kwok,EwingMr.Tsang Kwok WaiMs.Li LingFINANCIAL CONTROLLER AND COMPANY SECRETARYMr.Chiu Ngam,ChrisHEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSSuites 1701-1703,17/F,Dah Sing Financial Centre,108 Gloucester Road,Wanchai,Hong KongPRINCIPAL BANKERSAgricultural Bank of ChinaBank of ChinaIndustrial and Commercial Bank of China,董事會執行與非執行董事吳一堅先生（主席）邱中偉先生（副主席）鄭開杰先生（行政總裁）曲家琪先生沙英杰先生陳帥先生獨立非執行董事陳為光先生傅榮國先生曾國偉先生厲玲女士財務總監及公司秘書趙岩先生總辦事處兼主要營業地點香港灣仔告士打道108號大新金融中心17樓1701-03室主要往來銀行中國農業銀行中國銀行中國工商銀行,InterimReport中011,ICBC(Asia)Wing Lung BankREGISTERED OFFICEClarendon House2 Church StreetHamilton HM 11BermudaCOMPANY WEB SITE.hkCENTURY GINWA RETAIL HOLDINGS LIMITED,中國工商銀行（亞洲）永隆銀行註冊辦事處Clarendon House2 Church StreetHamilton HM 11Bermuda公司網址.hk,世紀金花商業控股有限公司,中,報,告,2,0,3,Corporate Information公司資料,HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICETricor Abacus Limited26/F Tesbury Centre28 Queens Road EastHong KongLEGAL ADVISERSLi&Partners(Hong Kong Law)Conyers Dill&Pearman(Bermuda Law)AUDITORSKPMGCertified Public AccountantsAUDIT COMMITTEE MEMBERSMr.Fu Wing Kwok,Ewing(Chairman)Mr.Chen ShuaiMr.Chan Wai Kwong,PeterMr.Tsang Kwok WaiMs.Li LingREMUNERATION COMMITTEE MEMBERSMr.Qiu Zhongwei(Chairman)Mr.Chen ShuaiMr.Chan Wai Kwong,Peter,香港股份過戶登記分處卓佳雅柏勤有限公司香港皇后大道東28號金鐘匯中心26樓法律顧問李偉斌律師行（香港法律）Conyers Dill&Pearman（百慕達法律）核數師畢馬威會計師事務所執業會計師審核委員會成員傅榮國先生（主席）陳帥先生陳為光先生曾國偉先生厲玲女士薪酬委員會成員邱中偉先生（主席）陳帥先生陳為光先生,Mr.Fu Wing Kwok,EwingMr.Tsang Kwok WaiMs.Li LingBERMUDA PRINCIPAL SHARE REGISTRARButterfield Fund Services(Bermuda)LimitedRosebank Centre11 Bermudiana Road,Pembroke HM 08BermudaSTOCK CODE162CENTURY GINWA RETAIL HOLDINGS LIMITED,傅榮國先生曾國偉先生厲玲女士百慕達主要股份過戶登記處Butterfield Fund Services(Bermuda)LimitedRosebank Centre11 Bermudiana Road,Pembroke HM 08Bermuda股份代號162世紀金花商業控股有限公司,InterimReport期11,5,6,7,中,期,2,0,1,4,Consolidated Income Statement綜合收益表For the six months ended 30 June 2011 unaudited 截至二零一一年六月三十日止六個月 未經審核(Expressed in Hong Kong dollars(“HK$”)（以港元（港元）列示）Six months ended 30 June截至六月三十日止六個月,2011,2010,Note附註,HK$000二零一一年千港元,HK$000(restated)二零一零年千港元（經重列）,TurnoverCost of salesGross profitOther revenueOther net incomeSelling expensesAdministrative expensesProfit from operations,營業額銷售成本毛利其他收益其他收入淨額銷售開支行政開支經營溢利,544,280(186,120)358,1605,217143(27,374)(200,862)135,284,327,369(107,060)220,30917,46298(17,811)(131,053)89,005,Finance incomeProfit before taxationIncome tax,財務收入除稅前溢利所得稅,6(a),110,431245,715(40,328),21,597110,602(24,358),Interim,Profit for the period,期內溢利,205,387,86,244,Report,Attributable to:Equity shareholders of the Company,由下列人士應佔：本公司股東,184,996,62,592,報告,Non-controlling interestsProfit for the period,非控股權益期內溢利,20,391205,387,23,65286,244,Earnings per share,每股盈利,Basic(HK$cents)Diluted(HK$cents),基本（港仙）攤薄（港仙）,8(a)8(b),10.350.27,3.702.35,1,The notes on pages 12 to 56 form part of this interim financial report.CENTURY GINWA RETAIL HOLDINGS LIMITED,第12至56頁之附註乃組成本中期財務報告之部份。世紀金花商業控股有限公司,42,期,報,告,1,5,Consolidated Statement of Comprehensive Income綜合全面收益表For the six months ended 30 June 2011 unaudited 截至二零一一年六月三十日止六個月 未經審核(Expressed in HK$)（以港元列示）Six months ended 30 June截至六月三十日止六個月,2011,2010,Note附註,HK$000二零一一年千港元,HK$000(restated)二零一零年千港元（經重列）,Profit for the period,期內溢利,205,387,86,244,Other comprehensive income for the 期內其他全面收益period(after tax and reclassification（扣除稅項及重新,adjustments):Available-for-sale financial assets:net movement in fair value reserveSurplus on revaluation of buildings,分類調整）：可供出售金融資產：公允值儲備變動淨額重估持作自用之樓宇,held for own use,盈餘,9,113,674,Exchange differences on translation,兌換為呈列貨幣之,into presentation currencyTotal comprehensive incomefor the period,匯兌差額期內全面收益總額,13,123332,226,1,98688,230,Attributable to:Equity shareholders of the CompanyNon-controlling interests,由下列人士應佔：本公司股東非控股權益,311,59020,636,64,38423,846,InterimReport,中,Total comprehensive incomefor the period,期內全面收益總額,332,226,88,230,201,The notes on pages 12 to 56 form part of this interim financial report.CENTURY GINWA RETAIL HOLDINGS LIMITED,第12至56頁之附註乃組成本中期財務報告之部份。世紀金花商業控股有限公司,9,15,16,17,告,2,0,1,1,6,Consolidated Statement of Financial Position綜合財務狀況表At 30 June 2011 unaudited 於二零一一年六月三十日 未經審核(Expressed in HK$)（以港元列示）,At30 June2011,At31 December2010,Note,HK$000於二零一一年,HK$000於二零一零年,六月三十日 十二月三十一日,Non-current assets,非流動資產,附註,千港元,千港元,Fixed assets,固定資產,1,291,567,994,397,Intangible assetsGoodwillLoans receivablesDeferred tax assets,無形資產商譽應收貸款遞延稅項資產,10111221,492,5091,307,255739,22536,558,403,1991,081,609681,17430,447,3,867,114,3,190,826,Current assets,流動資產,InventoriesAvailable-for-sale financial assetsTrade and other receivablesCash and cash equivalents,存貨可供出售金融資產應收賬款及其他應收款現金及現金等值項目,1314,69,65336,594352,595233,280,43,488156,992115,101,692,122,315,581,InterimReport,Current liabilitiesTrade and other payables,流動負債應付賬款及其他應付款,1,439,258,1,198,103,中期報,Bank loansCurrent taxation,銀行貸款本期稅項,18(a),106,96079,233,149,37165,231,1,625,451,1,412,705,Net current liabilitiesTotal assets less current liabilities,流動負債淨額總資產減流動負債,(933,329)2,933,785,(1,097,124)2,093,702,Non-current liabilitiesBank and other loansUnsecured notesConvertible notesDeferred tax liabilities,非流動負債銀行及其他貸款無抵押票據可換股票據遞延稅項負債,18(b)192021,211,034107,7181,535,724174,998,216,82198,6611,275,10297,649,2,029,474,1,688,233,NET ASSETS,資產淨額,904,311,405,469,CENTURY GINWA RETAIL HOLDINGS LIMITED,世紀金花商業控股有限公司,22,1,7,Consolidated Statement of Financial Position(continued)綜 合 財 務 狀 況 表（續）At 30 June 2011 unaudited 於二零一一年六月三十日 未經審核(Expressed in HK$)（以港元列示）,At30 June2011,At31 December2010,Note,HK$000於二零一一年,HK$000於二零一零年,六月三十日 十二月三十一日,CAPITAL AND RESERVES,股本及儲備,附註,千港元,千港元,Share capitalReservesTotal equity attributable to equityshareholders of the CompanyNon-controlling interestsTOTAL EQUITY,股本儲備本公司股東應佔權益總額非控股權益權益總額,251,981544,413796,394107,917904,311,177,436134,979312,41593,054405,469,InterimReport中期報告201,The notes on pages 12 to 56 form part of this interim financial report.CENTURY GINWA RETAIL HOLDINGS LIMITED,第12至56頁之附註乃組成本中期財務報告之部份。世紀金花商業控股有限公司,1,8,Consolidated Statement of Changes in Equity綜合權益變動表For the six months ended 30 June 2011 unaudited 截至二零一一年六月三十日止六個月 未經審核(Expressed in HK$)（以港元列示）Attributable to equity shareholders of the Company本公司股東應佔Non-,Share,Share,Capital,Statutory,Exchange Accumulated,controlling,Total,capitalHK$000,premiumHK$000,reserveHK$000,reservesHK$000,reserveHK$000,lossesHK$000,TotalHK$000,interestsHK$000,equityHK$000,非控股,權益,股本千港元,股份溢價千港元,資本儲備千港元,法定儲備千港元,匯兌儲備千港元,累計虧損千港元,總計千港元,權益千港元,總額千港元,Balance at 1 January 2010,於二零一零年一月一日結餘,As previously reportedPrior periods adjustments(Note 4)As restated,按先前呈報經重列,過往期間調整（附註4）,116,824116,824,388,578(3,543)385,035,56,95273,448130,400,18,62518,625,12,7681,85514,623,(714,362)251,012(463,350),(120,615)322,772202,157,85,652(47,053)38,599,(34,963)275,719240,756,Changes in equity for the six months ended30 June 2010:,截至二零一零年六月三十日止六個月權益變動：,Profit for the period(restated)(Note 4)Other comprehensive income(restated)(Note 4),期內溢利（經重列）附註4）其他全面收益（經重列）附註4）,1,792,62,592,62,5921,792,23,652194,86,2441,986,Total comprehensive income for the period,期內全面收益總額,1,792,62,592,64,384,23,846,88,230,Equity-settled share-based transactions,以股份支付之股本交易,Interim,(Note 22(c),（附註22(c)）,105,105,105,Report,Shares issued on rights issue,於供股時發行股份,58,412,(1,057),1,057,58,412,58,412,中,Transfer between reserves,儲備之間轉撥,(4,733),4,733,期,報告,Transactions with equity holders of the Group,與本集團股權持有人之交易,58,412,(5,685),5,790,58,517,58,517,Balance at 30 June 2010(restated),於二零一零年六月三十日結餘,2,（經重列）,175,236,385,035,124,715,18,625,16,415,(394,968),325,058,62,445,387,503,01,The notes on pages 12 to 56 form part of this interim financial report.CENTURY GINWA RETAIL HOLDINGS LIMITED,第12至56頁之附註乃組成本中期財務報告之部份。世紀金花商業控股有限公司,告,2,1,9,Consolidated Statement of Changes in Equity(continued)綜 合 權 益 變 動 表（續）For the six months ended 30 June 2011 unaudited 截至二零一一年六月三十日止六個月 未經審核(Expressed in HK$)（以港元列示）Attributable to equity shareholders of the Company本公司股東應佔Non-,Share,Share,Capital,Statutory,Exchange Accumulated,controlling,Total,capitalHK$000,premiumHK$000,reserveHK$000,reservesHK$000,reserveHK$000,lossesHK$000,TotalHK$000,interestsHK$000,equityHK$000,非控股,權益,股本千港元,股份溢價千港元,資本儲備千港元,法定儲備千港元,匯兌儲備千港元,累計虧損千港元,總計千港元,權益千港元,總額千港元,Balance at 1 July 2010,於二零一零年七月一日結餘,As previously reportedPrior periods adjustments(Note 4)As restated,按先前呈報經重列,過往期間調整（附註4）,175,236175,236,388,578(3,543)385,035,52,32472,391124,715,18,62518,625,17,483(1,068)16,415,(710,725)315,757(394,968),(58,479)383,537325,058,98,338(35,893)62,445,39,859347,644387,503,Changes in equity for the six months ended31 December 2010:,截至二零一零年十二月三十一日止六個月權益變動：,Profit for the periodOther comprehensive income,期內溢利其他全面收益,1,378,11,887,11,8871,378,21,591838,33,4782,216,Total comprehensive income for the period,期內全面收益總額,1,378,11,887,13,265,22,429,35,694,Shares issued on the exercise of warrants,行使認股權證時發行股份,(Note 22(d),（附註22(d)）,2,000,2,152,(152),4,000,4,000,Interim,Shares issued under share option scheme,根據購股權計劃發行股份,Report,(Note 22(c)Equity-settled share-based transactions(Note 22(c),（附註22(c)）以股份支付之股本交易（附註22(c)）,200,733,(303)6,645,6306,645,6306,645,中期報,Effect on equity arising from the,收購附屬公司對股權之影響,acquisitions of subsidiaries,8,180,8,180,Effect on equity arising from theoffsetting of loan receivable withconvertible notes,the extinguishmentand recognition of the convertible notes,因應收貸款與可換股票據對銷及其後註銷及確認可換股票據而對股權產生的影響（附註20(i)）,(Note 20(i),(37,183),(37,183),(37,183),Appropriation to reservesTransactions with equity holders of the GroupBalance at 31 December 2010,轉撥至儲備與本集團股權持有人之交易於二零一零年十二月三十一日結餘,2,200177,436,2,885387,920,(30,993)93,722,17,76517,76536,390,17,793,(17,765)(17,765)(400,846),(25,908)312,415,8,18093,054,(17,728)405,469,01,The notes on pages 12 to 56 form part of this interim financial report.CENTURY GINWA RETAIL HOLDINGS LIMITED,第12至56頁之附註乃組成本中期財務報告之部份。世紀金花商業控股有限公司,1,10,Consolidated Statement of Changes in Equity(continued)綜 合 權 益 變 動 表（續）For the six months ended 30 June 2011 unaudited 截至二零一一年六月三十日止六個月 未經審核(Expressed in HK$)（以港元列示）Attributable to equity shareholders of the Company本公司股東應佔,Property,Non-,Share,Share,Capital,Fair value revaluation,Statutory,Exchange Accumulated,controlling,Total,capitalHK$000,premiumHK$000,reserveHK$000,reserveHK$000,reserveHK$000,reservesHK$000,reserveHK$000,lossesHK$000,TotalHK$000,interestsHK$000,equityHK$000,公允值,物業,非控股,權益,股本千港元,股份溢價千港元,資本儲備千港元,儲備千港元,重估儲備千港元,法定儲備千港元,匯兌儲備千港元,累計虧損千港元,總計千港元,權益千港元,總額千港元,Balance at 1 January 2011,於二零一一年一月一日結餘,177,436,387,920,93,722,36,390,17,793,(400,846),312,415,93,054,405,469,Changes in equity for the six months ended 截至二零一一年六月三十日止,30 June 2011:,六個月權益變動：,Profit for the periodOther comprehensive income,期內溢利其他全面收益,42,113,674,12,878,184,996,184,996126,594,20,391245,205,387126,839,Total comprehensive income for the period,期內全面收益總額,42,113,674,12,878,184,996,311,590,20,636,332,226,Shares issued on the conversion of convertible,轉換可換股票據時發行股份,notes(Note 20(iv),（附註20(iv)）,74,545,148,967,223,512,223,512,Acquisition of non-controlling interests(Note 24)收購非控股權益（附註24）,(51,123),(51,123),(5,773),(56,896),Transactions with equity holders of the Group,與本集團股權持有人之交易,74,545,148,967,(51,123),172,389,(5,773),166,616,Interim,Report,Balance at 30 June 2011,於二零一一年六月三十日結餘,251,981,536,887,42,599,42,113,674,36,390,30,671,(215,850),796,394,107,917,904,311,中期報告201,The notes on pages 12 to 56 form part of this interim financial report.CENTURY GINWA RETAIL HOLDINGS LIMITED,第12至56頁之附註乃組成本中期財務報告之部份。世紀金花商業控股有限公司,16,中,1,11,Condensed Consolidated Cash Flow Statement簡明綜合現金流量表For the six months ended 30 June 2011 unaudited 截至二零一一年六月三十日止六個月 未經審核(Expressed in HK$)（以港元列示）Six months ended 30 June截至六月三十日止六個月,2011,2010,Note附註,HK$000二零一一年千港元,HK$000(restated)二零一零年千港元（經重列）,Cash generated from operationsIncome tax paidNet cash generated from operatingactivitiesNet cash used in investing activitiesNet cash generated from/(used in)financing activitiesNet increase/(decrease)in cash andcash equivalents,經營業務產生之現金已繳所得稅經營活動產生之淨現金投資活動使用之淨現金融資活動產生（使用）之淨現金現金及現金等值項目之淨增加（減少）,127,097(30,170)96,927(310,147)328,601115,381,31,678(10,446)21,232(14,412)(37,489)(30,669),Cash and cash equivalentsat 1 January,於一月一日之現金及現金等值項目,115,101,88,505,InterimReport,Effect of foreign exchange rate,外幣兌換率變動之影響,changes,2,798,706,期,報告,Cash and cash equivalents,於六月三十日之現金及,at 30 June,現金等值項目,16,233,280,58,542,201,The notes on pages 12 to 56 form part of this interim financial report.CENTURY GINWA RETAIL HOLDINGS LIMITED,第12至56頁之附註乃組成本中期財務報告之部份。世紀金花商業控股有限公司,（,Interim,期,報,告,2,0,1,12,（,Notes to the Unaudited Interim Financial Report未經審核中期財務報告附註(Expressed in HK$unless otherwise indicated)（除非另有指明，否則以港元列示）,12,CORPORATE INFORMATIONCentury Ginwa Retail Holdings Limited(the“Company”)wasincorporated in Bermuda on 8 August 2000 as an exemptedcompany with limited liability under the Bermuda CompaniesAct 1981.The shares of the Company were listed on TheStock Exchange of Hong Kong Limited(the“Stock Exchange”)on 23 October 2000.The condensed consolidated financialstatements of the Company for the six months ended 30 June2011 comprise the Company and its subsidiaries(collectivelyreferred to as the“Group”).The principal activities of theGroup are the operation of department stores in the PeoplesRepublic of China(the“PRC”).BASIS OF PREPARATIONThis interim financial report has been prepared in accordancewith the applicable disclosure provisions of the RulesGoverning the Listing of Securities on the Stock Exchange,including compliance with Hong Kong Accounting Standard(“HKAS”)34,Interim financial reporting,issued by the HongKong Institute of Certified Public Accountants(the“HKICPA”).,12,公司資料世 紀 金 花 商 業 控