Share capital - -
Share premium 273,459 274,473
Treasury shares (88) -
Other reserves 33,183 29,239
Accumulated losses (257,491) (263,882)
----------------------- -----------------------
49,063 39,830
Non-controlling
interests 11 8
----------------------- -----------------------
Total equity 49,074 39,838
======================= =======================
LIABILITIES
Non-current liabilities
Lease liabilities 8,405 8,721
Deferred tax liabilities 18 23
Other non-current
liabilities 21 16
----------------------- -----------------------
8,444 8,760
----------------------- -----------------------
Current liabilities
Accounts payables 23,601 22,868
Other payables and
accruals 16,592 10,190
Advances from customers 4,036 3,240
Income tax liabilities 1,222 936
Lease liabilities 3,327 3,475
----------------------- -----------------------
48,778 40,709
----------------------- -----------------------
Total liabilities 57,222 49,469
======================= =======================
Total equity and
liabilities 106,296 89,307
======================= =======================
Financial Information by Segment
Unaudited Three Months Ended
December 31, 2023 September 30, 2023 December 31, 2022
Unallocated Unallocated Unallocated
Domestic Overseas items Total Domestic Overseas items Total Domestic Overseas items Total
RMB'Million RMB'Million RMB'Million
Revenues 31,714 847 - 32,561 27,296 652 - 27,948 28,008 285 - 28,293
Operating
profit/(loss) 4,250 (551) (77) 3,622 3,155 (635) (309) 2,211 1,267 (1,499) (1,011) (1,243)
Audited Year Ended December 31,
2023 2022
Unallocated Unallocated
Domestic Overseas items Total Domestic Overseas items Total
RMB'Million RMB'Million
Revenues 111,186 2,284 - 113,470 93,558 625 - 94,183
Operating
profit/(loss) 11,402 (2,789) (2,182) 6,431 192 (6,638) (6,112) (12,558)
Reconciliation of Non-IFRS Accounting Standards Measures to the Nearest IFRS
Accounting Standards Measures
Unaudited Unaudited
Three Months Ended Year Ended
December September December December
31, 30, 31, 31, December 31,
2023 2023 2022 2023 2022
RMB'Million RMB'Million RMB'Million RMB'Million RMB'Million
Profit/(loss)
for the
period 3,612 2,182 (1,547) 6,399 (13,689)
Add:
Share-based
compensation
expenses 653 871 1,112 3,570 6,249
Net fair value
changes on
investments(1) 97 120 390 302 1,689
----------- ----------- ----------- ----------- ------------
Adjusted net
profit/(loss) 4,362 3,173 (45) 10,271 (5,751)
=========== =========== =========== =========== ============
Adjusted net
profit/(loss) 4,362 3,173 (45) 10,271 (5,751)
Add:
Income tax
expenses 122 138 384 490 1,158
Depreciation of
property and
equipment 1,018 1,029 891 3,989 3,212
Depreciation of
right-of-use
assets 732 737 776 3,065 3,222
Amortization of
intangible
assets 33 38 37 148 140
Finance income,
net (135) (135) (107) (539) (166)
----------- ----------- ----------- ----------- ------------
Adjusted EBITDA 6,132 4,980 1,936 17,424 1,815
=========== =========== =========== =========== ============
Note:
(1) Net fair value changes on investments represents net fair value (gains)/losses on financial assets at fair value through profit or loss of our investments in listed and unlisted entities, net (gains)/losses on deemed disposals of investments and impairment provision for investments, which is unrelated to our core business and operating performance and subject to market fluctuations, and exclusion of which provides investors with more relevant and useful information to evaluate our performance.
View original content:https://www.prnewswire.com/news-releases/kuaishou-technology-announces-fourth-quarter-and-full-year-2023-financial-results-302094284.html
SOURCE Kuaishou Technology
(END) Dow Jones Newswires
March 20, 2024 04:39 ET (08:39 GMT)
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