notes to the financial statements - Far East Orchard Limited
notes to the financial statements - Far East Orchard Limited
notes to the financial statements - Far East Orchard Limited
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CONSOLIDATED INCOME STATEMENT<br />
For <strong>the</strong> <strong>financial</strong> year ended 31 December 2008<br />
The Group<br />
Note 2008 2007<br />
$’000 $’000<br />
Sales 4 68,971 85,260<br />
Cost of sales (23,696) (42,631)<br />
Gross profit 45,275 42,629<br />
O<strong>the</strong>r income 4 7,514 6,506<br />
O<strong>the</strong>r gains/(losses) - net<br />
- Fair value gains on investment properties 4 15,818 18,933<br />
- O<strong>the</strong>r 4 (7,295) 2,444<br />
Expenses<br />
- Distribution and marketing (4,498) (3,623)<br />
- Administrative (4,215) (5,444)<br />
- Finance 6 (15,334) (20,539)<br />
- O<strong>the</strong>r (3,872) (3,814)<br />
Share of (loss)/profit of associated companies (2,058) 1,944<br />
Profit before income tax 31,335 39,036<br />
Income tax expense 9 (4,384) (4,325)<br />
Net profit for <strong>the</strong> <strong>financial</strong> year attributable <strong>to</strong><br />
equity holders of <strong>the</strong> Company 26,951 34,711<br />
Earnings per share (cents per share)<br />
- Basic and diluted 10 7.68 9.89<br />
The accompanying <strong>notes</strong> form an integral part of <strong>the</strong>se <strong>financial</strong> <strong>statements</strong>.<br />
ORCHARD PARADE HOLDINGS LIMITED ANNUAL REPORT 2008 25
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