09:06     DVN (HOLDINGS)<00500> - Results Announcement (1)                    

    DVN (Holdings) Limited announced on 15/04/2005:                           
    (stock code: 00500 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 169,236            73,252            
    Profit/(Loss) from Operations      : (52,332)           (135,673)         
    Finance cost                       : (1,060)            (1,087)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (1,032)            (1,340)           
    Profit/(Loss) after Tax & MI       : (53,922)           (134,253)         
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.12)             (0.35)            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (53,922)           (134,253)         
    Final Dividend                     : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    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       Operating loss                                                    
                                                                              
    Operating loss is stated after charging the following:                    
                                                                              
                                                    Group                     
                                            2004            2003              
                                            HK$'000         HK$'000           
                                                                              
    Cost of inventories sold                116,650         48,218            
    Cost of provision of financial and consumer data                          
                                            3,550           5,323             
    Depreciation                            18,953          17,811            
    Auditors' remuneration                  990             870               
    Staff costs (including directors' emoluments) (note 2)                    
                                            29,059          24,150            
    Operating lease rentals on land and buildings                             
                                            4,612           5,411             
    Other operating expenses including:                                       
    Amortisation of deferred development costs                                
                                            4,729           2,727             
    Amortisation of film rights             -               2,534             
    Provision for impairment loss on investment securities                    
                                            -               20,280            
    Provision for impairment loss on long-term deposits                       
                                            -               18,692            
    Provision for impairment loss on intangible assets                        
                                            -               31,869            
    Provision against inventories           6,878           3,263             
    Provisions against deposits, and trade and other receivables              
                                            15,357          7,298             
    Write-off of deferred development costs -               14                
    Net loss on disposal of fixed assets    23              181               
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