Announcement of 2011 Annual Results
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (Incorporated in Hong Kong with limited liability) Stock Code: 00511 ANNOUNCEMENT OF 2011 ANNUAL RESULTS RESULTS HIGHLIGHTS: • Group’s turnover increased by 11%, from HK$4,675 million to HK$5,209 million. • Profit attributable to equity holders increased by 17%, from HK$1,330 million to HK$1,556 million. • Final dividend was recommended at HK$1.75 per share (2010: HK$1.65 per share), making a total dividend of HK$2.20 per share (2010: HK$2.00 per share) for the year. 1 The Board of Directors (“Board”) of Television Broadcasts Limited (“Company” or “TVB”) are pleased to announce the consolidated results of the Company and its subsidiaries (collectively, “Group”) for the year ended 31 December 2011 as follows: CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2011 Note 2011 2010 HK$’000 HK$’000 Turnover 2 5,208,865 4,674,656 Cost of sales (1,807,293) (1,722,679) Gross profit 3,401,572 2,951,977 Other revenues 2 57,874 30,663 Selling, distribution and transmission costs (530,852) (486,344) General and administrative expenses (629,780) (477,366) Other gains, net 1,239 37,565 Impairment loss on loan to and trade receivables from an associate (135,000) (140,000) Finance
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