BUILDING ON OUR EXTENSIVE NETWORK
Note 2015
2014
$’000
$’000
Revenue
4
292,515
290,615
Other revenue
5
908
2,669
Total revenue
293,423
293,284
Less: Costs and expenditure
Cost of goods sold
6
228,010
224,396
Salaries and employees benefits
7
24,039
22,951
Marketing and distribution
9,426
8,444
Utilities, repairs and maintenance
6,232
5,725
Finance costs
8
4,938
4,309
Depreciation of property, plant and equipment
5,173
3,899
Operating lease rentals
4,808
6,048
Other operating expenses
7,406
6,221
Total expenditure
(290,032)
(281,993)
Share of results of joint ventures
14
89
(718)
Profit before taxation
9
3,480
10,573
Taxation
10
(1,777)
(557)
Profit for the financial year
1,703
10,016
Attributable to:
Equity holders of the Company
1,703
10,016
Non-controlling interest
–
–
1,703
10,016
Earnings per share:
11
- basic (cents)
0.72
4.25
- diluted (cents)
0.72
4.25
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Consolidated Income Statement
For the year ended 30 April 2015
(In Singapore Dollars)
35
STAMFORD TYRES CORPORATION LIMITED
