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INTERIMREPORT2010RosedaleHotelHoldingsLimitedUnits3008-3012,30thFloor,PaulY.Centre,51HungToRoad,KwunTong,Kowloon,HongKong(IncorporatedinBermudawithlimitedliability)(StockCode:1189)CorporateInformationYap,AllanClarendonHouse2ChurchStreetHamiltonHM11Bermuda51303008-3012�8835ButterfieldFulcrumGroup(Bermuda)LimitedRosebankCentre11BermudianaRoadPembrokeHM08Bermuda28261189DIRECTORSChairmanMr.CheungHonKitManagingDirectorMs.ChanLing,EvaExecutiveDirectorsDr.Yap,AllanMr.ChanPakCheung,NatalisIndependentNon-ExecutiveDirectorsMr.KwokKaLap,AlvaMr.PoonKwokHing,AlbertMr.SinChiFaiCOMPANYSECRETARYMs.LawSauLaiREGISTEREDOFFICEClarendonHouse2ChurchStreetHamiltonHM11BermudaHEADOFFICEANDPRINCIPALPLACEOFBUSINESSUnits3008-3012,30thFloor,PaulY.Centre51HungToRoad,KwunTongKowloon,HongKongAUDITORDeloitteToucheTohmatsuCertifiedPublicAccountants35/F.,OnePacificPlace88QueenswayHongKongPRINCIPALSHAREREGISTRARButterfieldFulcrumGroup(Bermuda)LimitedRosebankCentre11BermudianaRoadPembrokeHM08BermudaHONGKONGBRANCHSHAREREGISTRARTricorSecretariesLimited26/F.,TesburyCentre28Queen’sRoadEastWanchai,HongKongSTOCKCODEStockCodeonTheStockExchangeofHongKongLimited:1189RosedaleHotelHoldingsLimitedInterimReport20101CondensedConsolidatedStatementofComprehensiveIncomeForthesixmonthsended30June2010Theboardofdirectors(the“Board”)ofRosedaleHotelHoldingsLimited(the“Company”)ispleasedtoannouncetheunauditedresultsoftheCompanyanditssubsidiaries(hereinaftercollectivelyreferredtoasthe“Group”)forthesixmonthsended30June2010togetherwithcomparativefiguresforthecorrespondingperiodin2009asfollows:Sixmonthsended30.6.201030.6.2009NOTESHK$’000HK$’000(unaudited)(unaudited)(restated)ContinuingoperationsTurnover3137,365118,402Directoperatingcosts(115,746)(74,956)Grossprofit21,61943,446Otherincome3,4204,506Distributionandsellingexpenses(1,522)(2,186)Administrativeexpenses(118,676)(87,879)Increase(decrease)infairvalueofinvestmentsheldfortrading888(4,959)Financecosts(35,120)(38,390)(3,104)–Impairmentlossrecognisedinrespectofotherintangibleassets(14,000)–Gainondisposalofasubsidiary759–Lossondisposalofassociates(2,642)–(Decrease)increaseinfairvalueofinvestmentproperties(34,000)31,236Shareofresultsofassociates–(26,962)Lossondisposalofavailable-for-saleinvestments–(39,370)Impairmentlossrecognisedinrespectofavailable-for-saleinvestments–(4,965)Lossbeforetaxation4(182,378)(125,523)Taxationcredit(charge)53,877(159)Lossfortheperiodfromcontinuingoperations(178,501)(125,682)DiscontinuedoperationsProfit(loss)fortheperiodfromdiscontinuedoperations6A703,915(7,971)Profit(loss)fortheperiod525,414(133,653)CondensedConsolidatedStatementofComprehensiveIncomeForthesixmonthsended30June2010RosedaleHotelHoldingsLimitedInterimReport20102CondensedConsolidatedStatementofComprehensiveIncomeForthesixmonthsended30June2010OthercomprehensiveincomeExchangedifferencearisingontranslationoffinancialstatementsofforeignoperations3221,336Reclassificationadjustmentofexchangedifferencereversalondisposalofsubsidiaries(1,354)–Totalcomprehensiveincome(expenses)fortheperiod524,382(132,317)Profit(loss)fortheperiodattributableto:OwnersoftheCompany577,983(115,146)Non-controllinginterests(52,569)(18,507)525,414(133,653)Totalcomprehensiveincome(expenses)fortheperiodattributableto:OwnersoftheCompany577,040(113,810)Non-controllinginterests(52,658)(18,507)524,382(132,317)HK$HK$EARNINGS(LOSS)PERSHARE8Fromcontinuinganddiscontinuedoperations–Basicanddiluted1.06(0.25)Fromcontinuingoperations–Basicanddiluted(0.23)(0.24)Sixmonthsended30.6.201030.6.2009NOTESHK$’000HK$’000(unaudited)(unaudited)(restated)RosedaleHotelHoldingsLimitedInterimReport20103CondensedConsolidatedStatementofFinancialPositionAt30June2010At30.6.2010At31.12.2009NOTESHK$’000HK$’000(unaudited)(audited)(restated)Non-currentassetsProperty,plantandequipment91,832,9712,092,343Investmentproperties9233,633257,683Interestsinassociates43,045Interestinajointlycontrolledentity4,8406,426Available-for-saleinvestments172,487116,229Otherintangibleassets79,153304,388Investmentpaymentsandotherassets63,597127,721Amountsduefromassociates55,117–Amountduefromaninvestee14,386–Loantoajointlycontrolledentity–11,252Clubdebenture,atcost5415412,456,7292,919,628CurrentassetsInventories5,2946,452Amountsduefromrelatedcompanies7,99736,610Amountsduefromassociates–24,489Amountduefromajointlycontrolledentity–1,086Tradeandotherreceivables10103,451309,157Loanreceivables–4,545Investmentsheldfortrading9795,239Taxrecoverable–3Pledgedbankdeposits–12,115Tradingcashbalances–182Bankbalancesandcash1,009,351344,4861,127,072744,364Assetsclassifiedasheldforsale1119,90142,0201,146,973786,384CurrentliabilitiesTradeandotherpayables12255,518631,703Provisionforlosscontingencies13–4,639Loansfromrelatedcompanies15,000119,881Amountsduetoassociates–9,543Taxliabilities18,84818,728Amountsduetorelatedcompanies41,42365,019Obligationsunderfinanceleases–amountduewithinoneyear–291Borrowings–amountduewithinoneyear1451,78410,000Convertiblenotes15658,756–Amountsduetonon-controllingshareholderso