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FY 2011 Annual Report - Sheng Siong

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<strong>Sheng</strong> <strong>Siong</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />

Consolidated Statement of Comprehensive Income<br />

Year ended 31 December <strong>2011</strong><br />

Note <strong>2011</strong> 2010<br />

$’000 $’000<br />

Revenue 16 578,443 628,432<br />

Cost of sales (450,595) (491,675)<br />

Gross profit 127,848 136,757<br />

Other income 3,252 15,918<br />

Distribution expenses (4,122) (4,372)<br />

Administrative expenses (91,567) (98,314)<br />

Other expenses (1,138) (1,284)<br />

Results from operating activities 34,273 48,705<br />

Finance income 19 25<br />

Finance costs (82) –<br />

Net finance (costs)/income 17 (63) 25<br />

Profit before income tax 18 34,210 48,730<br />

Income tax expense 19 (6,954) (6,095)<br />

Profit for the year 27,256 42,635<br />

Other comprehensive income – –<br />

Profit attributable to owners of the Company 27,256 42,635<br />

Total comprehensive income attributable to<br />

owners of the Company 27,256 42,635<br />

Earnings per share<br />

– Basic and diluted (cents) 21 2.21 3.74<br />

The accompanying notes form an integral part of these financial statements.<br />

41

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