Debt Management
1. Debt-to-capital Ratio
2. Times-Interest-Earned Ratio
ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019 GROUP FINANCIAL HIGHLIGHTS For the year ended 31 December 2019 2018 Change in HK$'000 HK$'000 -2.7 Revenue Gross profit Profit attributable to owners of the Company 1,728,328 312,493 14,001 1,776,614 315,289 34,817 -0.9 -59.8 Earnings per share Basic and diluted (HK cents) 2.79 6.93 Dividend per share (HK cents) (note) Nil 5.0 Profit margin Gross profit margin Operating profit margin Net profit margin 18.1% 0.9% 0.8% 17.7% 2.1% 2.0% Return on equity attributable to owners of the Company 4.0% 9.8% Gearing ratio 34.1% 29.6% Note: Details of the dividends attributable to owners of the Company for the year are set out in note 9 to the financial information. The board ("Board") of directors ("Directors") of EGL Holdings Company Limited ("Company) announces the audited consolidated results of the Company and its subsidiaries ("Group") for the year ended 31 December 2019 ("Year") together with comparative figures of 2018 as follows: CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 2019 2018 Notes HKS '000 HKS '000 Revenue 1,728.328 1.776.614 Cost of sales (1.415.835) (1.461.325) Gross profit 312,493 315.289 Other income and gain, net 4,479 9.590 Selling expenses (83.683) (86.413) Administrative expenses (216,697) (204,690) Share of results of associates 2,198 3,081 Finance costs (7,042) (3.913) Profit before income tax 11.748 32.944 Income tax credit 2.877 2.120 Profit for the year 14,625 35,064 Other comprehensive income, that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations 957 2.974 Share of exchange differences on translation of foreign associates (437) (325) Effect on cash flow hedge, net of tax 1,180 (2,055) Other comprehensive income for the year, net of tax 1,700 Total comprehensive income for the year, net of tax 16,325 35.658 594 Profit for the year attributable to: Owners of the Company Non-controlling interests 14,001 34.817 624 247 14.625 35.064 Total comprehensive income attributable to: Owners of the Company Non-controlling interests 15,660 35,523 135 16,325 35.658 Earnings per share for profit attributable to owners of the Company - Basic and diluted (HK cents) 2018 HKS 000 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 2019 Notes HKS 000 ASSETS AND LIABILITIES Non-current assets Property, plant and equipment 456,324 Right-of-use assets 67.081 Construction in progress 129,864 Interests in associates 12.371 Deferred tax assets 14.561 Deposits 814 681,015 Current assets Inventories 1.855 Trade receivables 7.144 Deposits, prepayments and other receivables 181,028 Amount due from an associate 6,163 Tax recoverable 1,854 Pledged bank deposits 6.702 Cash at banks and on hand 206,119 410,865 440.994 32.782 10.611 8.301 2.669 495.357 4.273 10.079 162.115 2.348 1.994 6.307 230,003 417,119 Current liabilities Trade payables Accruals and other payables Contract liabilities Amounts due to associates Lease liabilities Provision for taxation Bank borrowings 47,295 57.394 185,080 3.732 47.257 1,306 37,620 379,684 31,181 712.196 58.749 64.140 150.215 3.900 3.175 34,836 315.015 102,104 597.461 Net current assets Total assets less current liabilities Non-current liabilities Provision Bank borrowings Lease liabilities Deferred tax liabilities Derivative financial instruments 782 335,255 20.569 1,265 1,304 359,175 353,021 779 234.802 1.674 2.055 239,310 358.151 Net assets EQUITY Capital and reserves attributable to owners of the Company Share capital Reserves 50,245 300,332 350,577 50,245 304,770 355,015 3.136 Non-controlling interests Total equity 353,021 358,151
