13:12     CKLIFE SCIENCES<08222> - Yearly Results Announcement (2)            

    The Hong Kong Institute of Certified Public Accountants ("HKICPA")        
    has issued a number of new and revised Hong Kong Financial                
    Reporting Standards ("HKFRS") and Hong Kong Accounting Standards          
    ("HKAS") which together with the Statement of Standard Accounting         
    Practice ("SSAP") and interpretations issued by the HKICPA are            
    collectively referred to as HKFRSs.   The HKFRS and HKAS are              
    effective for accounting periods beginning on or after                    
    1 January 2005.                                                           
                                                                              
    The Group has early adopted HKFRS 3 "Business Combination",               
    HKAS 36 "Impairment of Assets" and HKAS 38 "Intangible Assets"            
    which supersede SSAP 30 "Business Combination",                           
    SSAP 29 "Intangible Assets" and SSAP 31 "Impairment of Assets"            
    respectively in the current year's financial statements.                  
                                                                              
    For those new and revised HKFRSs that the Group did not                   
    early adopt in the financial statements for the year                      
    ended 31 December 2004, the Group has commenced an assessment             
    of the impact of these other HKFRSs though it is not                      
    yet in a position to state whether such HKFRSs would have                 
    a significant impact on the Group's results of operations                 
    and financial position for the accounting year beginning                  
    on 1 January 2005.                                                        
                                                                              
                                                                              
    3.  EARNINGS PER SHARE                                                    
                                                                              
    The calculations of the basic and diluted earnings per share              
    are based on the following data:                                          
                                                                              
                                   For the year ended 31 December             
                                             2004            2003             
                                          HK$'000         HK$'000             
                                                                              
    Profit for the year:                                                      
                                                                              
    Profit for calculating                                                    
    basic and diluted                                                         
    earnings per share                      1,929             928             
                                     ============     ===========             
                                                                              
    Number of shares:                                                         
                                                                              
    Weighted average number of                                                
    ordinary shares used in                                                   
    the calculation of basic                                                  
    earnings per share              6,407,316,727    6,407,007,562            
                                                                              
    Effect of dilutive potential                                              
    ordinary shares                       546,091        1,229,999            
                                   --------------   --------------            
    Weighted average number of                                                
    ordinary shares used in the                                               
    calculation of diluted                                                    
    earnings per share              6,407,862,818    6,408,237,561            
                                   ==============    =============