08:53 TCL MULTIMEDIA<01070> - Results Announcement (1) TCL Multimedia Technology Holdings Limited announced on 29/04/2005: (stock code: 01070 ) Year end date: 31/12/2005 Currency: HKD Auditors' Report: N/A Interim/Quarterly report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 31/03/2005 to 31/03/2004 Note ('000 ) ('000 ) Turnover : 7,926,296 4,025,575 Profit/(Loss) from Operations : (27,589) 226,419 Finance cost : (19,442) (3,335) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : 1,071 84,361 Profit/(Loss) after Tax & MI : (48,013) 252,978 % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) 2 : (0.0174) 0.0934 -Diluted (in dollars) : (0.0184) 0.0894 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (48,013) 252,978 1st Quarter Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for 1st Quarter 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. Principal Accounting Policies The Directors are responsible for the preparation of the Group's unaudited quarterly financial statements. These financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards, accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. The accounting policies used in the preparation of these financial statements are consistent with those adopted in the annual financial statements for the year ended 31 December 2003, except those mentioned below. In the current period, the Group has adopted, for the first time, a number of new and revised Hong Kong Financial Reporting Standards (the "HKFRS") and Hong Kong Accounting Standards (the "HKAS") (collectively the "new HKFRSs") which are effective for the accounting period beginning on or after 1 January 2005. The new HKFRSs which may have material impact on the Group are as follows : HKFRS 2 - Share-based Payment HKFRS 3 - Business Combinations HKAS 1 - Presentation of Financial Statements HKAS 36 - Impairment of Assets HKAS 38 - Intangible Assets The financial statements for the 3 months ended 31 March 2004 have been restated in accordance with the relevant requirements.