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HK Bourse: Results Announcement From King Stone Energy Group Ltd.

Dow Jones Newswires ·  Aug 14, 2020 08:38

DJ HK Bourse: Results Announcement From King Stone Energy Group Ltd.

For full details, please click on the following link:
https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0814/2020081400321.pdf SUPPLEMENTAL ANNOUNCEMENT TO 2019 ANNUAL REPORT
Reference is made to the annual report of King Stone Energy Group Limited (the "Company",
together with its subsidiaries, the "Group") for the year ended 31 December 2019 (the "2019
Annual Report"). Unless otherwise stated, capitalised terms used herein shall have the same
meanings as defined in the 2019 Annual Report.
The board of the directors of the Company (the "Board") would like to provide breakdown of the
other expenses of the Group for the year ended 31 December 2019 (with comparative figures of
2018) as follows: 2019 2018 HK$'000 HK$'000 10,378
Impairment of items of property, plant and equipment 12,228 44,013
Impairment of intangible assets 73,954 360
Impairment of goodwill 2,136
Impairment of investment in an associate and amount due from 10,853 an associate 808 704
Impairment of right-of-use assets - (35,731)
Impairment/(reversal of impairment) of a loan receivable 35,731 2,298
Impairment of other financial assets 1,124 781
Loss on disposal of items of property, plant and equipment 6 -
Loss on disposal of subsidiaries 452 11,853
Foreign exchange loss, net 17,334 1,570
Others 11 47,079
Total 143,784 -1-
The above additional information does not affect other information contained in the 2019 Annual
Report. Save as disclosed above, all other information in the 2019 Annual Report remains
unchanged.
Source: Hong Kong Exchanges & Clearing

(END) Dow Jones Newswires

August 14, 2020 04:38 ET (08:38 GMT)

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