09:05 HUTCHISON<00013> - Results Announcement (1) Hutchison Whampoa Limited announced on 31/03/2005: (stock code: 00013 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: Unqualified (As restated, note 1) (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2004 from 01/01/2003 to 31/12/2004 to 31/12/2003 Note ('Million ) ('Million ) Turnover : 134,595 104,921 Profit/(Loss) from Operations 2 : 8,123 5,176 Finance cost 3 : (12,712) (9,568) Share of Profit/(Loss) of Associates : 8,822 8,796 Share of Profit/(Loss) of Jointly Controlled Entities : 2,422 2,627 Profit/(Loss) after Tax & MI : 16,128 11,677 % Change over Last Period : +38 % EPS/(LPS)-Basic (in dollars) 4 : 3.78 2.74 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 16,128 11,677 Final Dividend : $1.22 $1.22 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 12/05/2005 to 19/05/2005 bdi. Payable Date : 20/05/2005 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1 Accounting Policies The accounts have been prepared in accordance with generally accepted accounting principles in Hong Kong and comply with the Hong Kong Financial Reporting Standards ("HKFRS") and Hong Kong Accounting Standards ("HKAS"), also collectively referred to as Hong Kong Financial Reporting Standards ("HKFRSs"), issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA"). HKICPA is pursuing its policy objective of full convergence with the standards and interpretations established by the International Accounting Standards Board ("IASB"). To this end, the HKICPA has recently issued over a dozen new and revised HKFRSs, which are effective for the financial year beginning 1 January 2005, with the objective to eliminate, to the greatest extent possible, the differences that currently exist between HKFRSs and International Financial Reporting Standards ("IFRS"). Early adoption of these standards is encouraged. The Group has adopted retrospectively, where required, the current interpretations of four of those standards that are believed to have the most material effect on the Group's accounts and, as a result, the profit attributable to shareholders in 2004 and 2003 have been materially affected and the 2003 profit is required to be restated to be comparable on a consistent basis of accounting. The results of 2003 have been restated to reflect the Group's early adoption, with retrospective effect where applicable, of HKFRS 3 "Business Combinations", HKAS 36 "Impairment of Assets", HKAS 38 "Intangible Assets", HKAS 40 "Investment Property" and the adoption of SSAP Interpretation 22 "The Appropriate Accounting Policies for Infrastructure Facilities".