PDF《corresponding period of last year.》

30 June 2017, the immediate holding company of the Company is Idata Finance Trading Limited ( Idata ), a limited liability company incorporated in the British Virgin Islands. Idata is a wholly-owned subsidiary of Beijing Enterprises Holdings Limited ( BEHL ) whose shares are listed on the Main Board of the Stock Exchange. In the opinion of the Directors, the ultimate holding company of the Company is 北京控股集团有限公司 ( BEGCL ), which is a state-owned enterprise established in the People'

s Republic of China (the PRC ) and is wholly owned by The State-owned Assets Supervision and Administration Commission of The People'

s Government of Beijing Municipality. 2.1 BASIS OF PREPARATION The unaudited interim condensed consolidated financial statements for the six months ended

30 June

2017 have been prepared in accordance with the applicable disclosure provisions of Appendix

16 to The Rules Governing the Listing of Securities (the Listing Rules ) on the Stock Exchange, including compliance with Hong Kong Accounting Standard ( HKAS )

34 Interim Financial Reporting issued by the Hong Kong Institute of Certified Public Accountants (the HKICPA ). The accounting policies and basis of preparation used in the preparation of the interim condensed consolidated financial statements are consistent with those used in the Group'

s annual consolidated financial statements for the year ended

31 December 2016, which have been prepared in accordance with Hong Kong Financial Reporting Standards ( HKFRSs ) (which also include HKASs and Interpretations) issued by the HKICPA, accounting policies generally accepted in Hong Kong and the Hong Kong Companies Ordinance, except for the adoption of the revised HKFRSs as disclosed in note 2.2 below. In preparing the consolidated financial statements, the Directors have given careful consideration to the future liquidity of the Group in light of the fact that as at

30 June

2017 its current liabilities exceeded its current assets. Taking into account of internal resources and undertaking from certain fellow subsidiaries not to demand repayment of the amounts due by the Group to them until such time when the Group is in a position to repay without impairing its liquidity and financial position, the Directors considered that the Group will be able to operate on a going concern basis. Accordingly, the interim condensed consolidated financial statements have been prepared on a going concern basis.

8 The financial information relating to the year ended

31 December

2016 that is included in the condensed consolidated statement of financial position as comparative information does not constitute the Company'

s statutory annual consolidated financial statements for that year but is derived from those financial statements. Further information relating to those statutory financial statements required to be disclosed in accordance with section

436 of the Hong Kong Companies Ordinance is as follows: ? The Company has delivered the financial statements for the year ended

31 December

2016 to the Registrar of Companies as required by section 662(3) of, and Part

3 of Schedule

6 to, the Hong Kong Companies Ordinance. ? The Company'

s auditors have reported on the financial statements for the year ended

31 December 2016. The auditors'

report was unqualified;

did not include a reference to any matters to which the auditors drew attention by way of emphasis without qualifying their reports;

and did not contain a statement under sections 406(2), 407(2) or (3) of the Hong Kong Companies Ordinance. The interim condensed consolidated financial statements have not been audited, but have been reviewed by the Company'