ACS | Investor Relations: Financial Summary

Advanced Card Systems Holdings Limited (8210)

Consolidated Income Statement
	2012	2011	2010	2009	2008
	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000

Revenue	160,855	117,488	93,729	104,963	96,094
Cost of sales	(74,009)	(57,043)	(43,086)	(52,521)	(51,625)

Gross profit	86,846	60,445	50,643	52,442	44,469
Other income	269	181	211	181	500
Operating expenses	(65,320)	(52,614)	(44,202)	(36,920)	(32,052)
Finance costs	(352)	(798)	(441)	(299)	(387)

Profit before income tax	21,443	7,214	6,211	15,404	12,530
Income tax expense	(4,569)	(2,095)	(1,777)	(3,185)	(2,826)


Profit for the period	16,874	5,119	4,434	12,219	9,704


Earnings per share
Basic	HK5.95 cents	HK1.81 cents	HK1.57 cents	HK4.34 cents	HK3.44 cents

Diluted	HK5.95 cents	HK1.81 cents	HK1.56 cents	HK4.32 cents	HK3.43 cents



Consolidated Statement of Net Assets
	2012	2011	2010	2009	2008
	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000

Non-current assets
Plant and equipment	9,578	9,719	6,918	5,620	3,540
Development costs	29,311	22,141	15,166	9,945	9,238

	38,889	31,860	22,084	15,565	12,778


Current assets
Inventories	34,766	36,845	26,708	17,882	12,129
Trade and other receivables, deposits paid and prepayments	19,948	17,010	17,197	19,481	9,607
Other current assets	38	36	429	20	19
Cash at banks and in hand	34,223	22,267	15,323	23,810	23,621

	88,975	76,158	59,657	61,193	45,376


Current liabilities
Trade and other payables, deposits received and accruals	29,075	35,158	13,609	19,462	10,927
Bank borrowings	14,218	8,285	10,051	--	--
Provision for taxation	3,465	710	--	827	1,157

	46,758	44,153	23,660	20,289	12,084

Net current assets	42,217	32,005	35,997	40,904	33,292

Total assets less current liabilities	81,106	63,865	58,081	56,469	46,070

Non-current liabilities
Deferred tax liabilities	729	900	641	564	258
Deferred benefits obligations	303	--	--	--	--

Net assets	80,074	62,965	57,440	55,905	45,812