PDF《Lingbao Gold Company Ltd. 灵宝黄金股份有限公司》

1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Lingbao Gold Company Ltd. 灵宝黄金股份有限公司(a joint stock limited company incorporated in the People'

s Republic of China with limited liability) (Stock code: 3330) ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED

31 DECEMBER

2012 The board of directors (the Board ) of Lingbao Gold Company Ltd. (the Company ), is pleased to announce the consolidated results of the Company and its subsidiaries (collectively referred to as the Group ) for the year ended

31 December 2012, which have been reviewed by the Company'

s Audit Committee.

2 Consolidated Income Statement For the year ended

31 December

2012 2012

2011 Note RMB'

000 RMB'

000 Turnover

3 6,393,306 5,720,835 Cost of sales (5,589,812) (4,841,792) Gross profit 803,494 879,043 Other revenue

4 24,879 29,668 Other net loss

5 (1,078) (36,661) Selling and distribution expenses (39,138) (27,173) Administrative expenses and ? other operating expenses (322,179) (251,641) Profit from operations 465,978 593,236 Finance costs 6(a) (241,281) (156,329) Profit before taxation

6 224,697 436,907 Income tax

7 (59,807) (128,121) Profit for the year 164,890 308,786 Attributable to: Equity shareholders of the Company 165,335 310,562 Non-controlling interests (445) (1,776) Profit for the year 164,890 308,786 Basic and diluted earnings per share (cents)

9 21

40 3 Consolidated Statement of Comprehensive Income For the year ended

31 December

2012 2012

2011 RMB'

000 RMB'

000 Profit for the year 164,890 308,786 Other comprehensive income for the year Exchange differences on translation of financial statements of overseas subsidiaries

419 2,515 Total comprehensive income for the year 165,309 311,301 Attributable to: Equity shareholders of the Company 165,651 309,434 Non-controlling interests (342) 1,867 Total comprehensive income for the year 165,309 311,301

4 Consolidated Statement of Financial Position At

31 December

2012 2012

2011 Note RMB'

000 RMB'

000 Non-current assets Property, plant and equipment 2,024,469 1,954,144 Construction in progress 369,741 331,830 Intangible assets 695,465 676,651 Goodwill 41,404 41,404 Lease prepayments 175,075 149,903 Other investments 10,504 10,504 Long-term receivables C 39,531 Non-current prepayments 32,403 17,613 Deferred tax assets 143,831 115,699 3,492,892 3,337,279 Current assets Inventories 3,267,561 2,042,117 Trade and other receivables, deposits and ?prepayments

11 832,407 782,073 Assets classified as held for sale 20,123 20,123 Pledged deposits 36,140 30,000 Cash and cash equivalents 267,935 349,568 Current tax recoverable 1,976 C 4,426,142 3,223,881 Current liabilities Bank loans 2,779,345 1,502,072 Other loan 2,378 2,675 Trade and other payables

12 1,186,691 908,667 Loan from ultimate holding company 23,800 23,800 Current tax payable 21,898 17,655 4,014,112 2,454,869 Net current assets 412,030 769,012 Total assets less current liabilities 3,904,922 4,106,291

5 Consolidated Statement of Financial Position (continued) At

31 December

2012 2012

2011 Note RMB'

000 RMB'

000 Non-current liabilities Debenture payable 700,000 700,000 Bank loans 734,562 1,029,609 Other payables