DRIVING IT UP
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ANNUAL REPORT 2016
Note 2016
2015
$’000
$’000
Revenue
4
239,878
292,515
Other revenue
5
2,333
908
Total revenue
242,211
293,423
Less: Costs and expenditure
Cost of goods sold
6
180,747
228,010
Salaries and employees benefits
7
23,307
24,039
Marketing and distribution
7,739
9,426
Utilities, repairs and maintenance
5,723
6,232
Finance costs
8
5,449
4,938
Depreciation of property, plant and equipment
5,116
5,173
Operating lease rentals
4,494
4,808
Other operating expenses
6,418
7,406
Total expenditure
(238,993)
(290,032)
Share of results of joint ventures
14
1,767
89
Profit before taxation
9
4,985
3,480
Taxation
10
(2,398)
(1,777)
Profit for the financial year
2,587
1,703
Attributable to:
Equity holders of the Company
2,587
1,703
Non-controlling interest
–
–
2,587
1,703
Earnings per share:
- basic (cents)
11
1.10
0.72
- diluted (cents)
1.10
0.72
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Consolidated Income Statement
For the financial year ended 30 April 2016
(In Singapore Dollar)
