The board of directors (the "Board" or "Directors") of China Development Bank International Investment Limited (the "Company") announces the audited consolidated results of the Company and its subsidiaries (collectively the "Group") for the year ended 31 December 2016 (the "Year"). The audited consolidated results for the Year have been reviewed by the audit committee and audited by the auditor of the Company, PricewaterhouseCoopers.
For the Year, the Group recorded a profit for the year attributable to owners of the Company of approximately Hong Kong dollars ("HK$") 89.79 million (31 December 2015: approximately HK$113.26 million) which is primarily attributable to the change in fair value of financial assets at fair value through profit or loss during the Year. The investment income for the Year decreased to Nil (31 December 2015: approximately HK$34.60 million), primarily due to the repayment or mature of the convertible notes, convertible bond and loan during the year ended 31 December 2015. For the years ended 31 December 2016 and 2015, the Group's investment income was derived in Hong Kong, based on the physical location of the underlying assets that generate the revenue. The Group's non-current assets (other than financial instruments and property, plant and equipment) are located in the People's Republic of China (the "PRC"). The interest income during the Year was approximately HK$0.19 million, (31 December 2015: approximately HK$0.25 million). The gain in fair value of financial assets at fair value through profit or losss amounted to approximately HK$96.62 million (31 December 2015: approximately HK$98.37 million) was recorded in the Year. The general and administrative expenses of the Group for the Year were approximately HK$15.35 million (31 December 2015: approximately HK$19.23 million). The decrease was mainly resulted from the reduction in employee benefit expenses (including basic salaries and other benefits and retirement benefits contribution). The Group's net asset value increased to approximately HK$1,3,06.86 million as at 31 December 2015 to approximately HK$1,221.52 million). The earnings per share for the Year was amounted to approximately HK3.09 cents (31 December 2015: approximately HK3.90 cents).
