L.C. Development Ltd - FinanzNachrichten.de

Notes to Income Statement :
2. Cost of sales comprised mainly direct costs and overheads in respect of the Group’s hospitality and leisure businesses.
3. Profit before taxation is stated after crediting/(charging) :
(a) Other operating income :
4. The major components of income tax expense were :
Currrent tax
Current year 720
Over provision in respect of prior years (10)
Deferred tax
Current year (+) 267
+
'NM' : Not meaningful.
2
Quarter Ended
30.09.2012 30.09.2011 Change
S$'000 S$'000 %
Interest income from fixed deposits 98
185 (47)
Fair value gain on quoted equity investment 68
- NM
Foreign currency gains (#) - 704 (100)
Others 13
11
18
(b) Depreciation of property, plant and equipment (2,301)
(c) Depreciation of investment property (^) (145)
(d) Amortisation of club memberships (4)
(e) Provision for doubtful debts (1)
Quarter Ended
30.09.2012 30.09.2011 Change
S$'000 S$'000 %
977
Group
752
(4)
- NM
The provision of deferred tax liability in the quarter under review was mainly in respect of taxes that would be payable
on the undistributed earnings of a subsidiary company in the Group.
179
900
(2,368)
(f) Fair value loss on quoted equity investment - (24)
(g) Loss on sale of property, plant and equipment, net (1)
(h) Property, plant and equipment written off (2)
(i) Share-based compensation expense (*) (444)
(j) Foreign currency losses (#) (287)
(k) Exceptional item :
Profit on sale of interest in a joint venture company (@) - 82,159
^ The depreciation was in respect of an apartment unit in London acquired in March 2012.
*
#
@
Group
(38)
714
(80)
(3)
- NM
(4)
(49)
-
- NM
(9)
(91)
(100)
(98)
(78)
388
- NM
Share-based compensation expense for the quarter under review was in respect of the grant of share awards and
share options as announced on 6 December 2011 and 20 July 2012 respectively. For the corresponding quarter last
year, the share-based compensation expense was in respect of the grant of share options announced on
22 July 2011.
The loss on exchange was mainly because currencies of overseas countries in which the Group has operations,
namely, Thai Baht and US Dollar had weakened against Singapore Dollar during the quarter under review. In the
corresponding quarter of the last financial year, these currencies as well as Sterling Pound and Renminbi had
strengthened against Singapore Dollar.
Profit in the corresponding quarter of the last financial year was in respect of the sale of the Group's 50% interest in
LC Airport Hotel Pte Ltd which was completed on 25 July 2011. The profit on sale was stated net of provision for a
special one-time incentive payment to employees (including executive directors) of S$8.2 million.
(100)
NM
37