MONGOLIAENERGY：ANNOUNCEMENTOFANNUALRESULTSFORTHEYEARENDED31MARCH2020.pdf

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1、Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for thecontents of this announcement,make no representation as to its accuracy or completeness and expressly disclaim anyliability whatsoever for any loss howsoever arising from or in reliance

2、 upon the whole or any part of the contents of thisannouncement.MONGOLIA ENERGY CORPORATION LIMITED(Incorporated in Bermuda with limited liability)(Stock Code:276)ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED 31 MARCH 2020The board of directors(the Board)of Mongolia Energy Corporation Limited(the

3、 Company)announces the audited consolidated results of the Company and its subsidiaries(the Group)for theyear ended 31 March 2020(the Financial Year)together with the comparative figures in theprevious year as follows:CONSOLIDATED STATEMENT OF PROFIT OR LOSSFor the year ended 31 March 202020202019No

4、tesHK$000HK$000Revenue41,124,996776,708Cost of sales(645,757)(440,910)Gross profit479,239335,798Other income6,3823,350Other gains and losses5(34,967)(27,072)Administrative expenses(169,182)(132,510)Changes in fair value on derivative component of convertible notes14(a)377,76763,542Modification gain

5、on convertible notes14(a)249,444Change in fair value of derivative financial instruments14(a)797,546Derecognition gain on convertible notes14(a)21,943Reversal of impairment losses on property,plant and equipment3522,439378,791Reversal of impairment losses on intangible assets369,30450,460Reversal of

6、 impairment loss on prepaid lease payment3427Reversal of impairment loss on right-of-use assets3591Reversal of impairment loss(impairment loss)on financial assets1,335(1,348)Finance costs6(800,679)(735,263)Profit(loss)before taxation71,521,162(63,825)Income tax(expense)credit8(79,224)19,400Profit(lo