L.C. Development Ltd - FinanzNachrichten.de

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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$8.2 million. (100) NM 37
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Profit for the period 894 Other comprehensive (expense)/income : Foreign currency translation (loss)/gain (2,496) Fair value gain on quoted equity investment 99 Transfer from foreign currency translation reserve to income statement 126 3 Quarter Ended 30.09.2012 30.09.2011 Change S$'000 S$'000 % (2,271) Total comprehensive (expense)/income for the period (1,377) Attributable to : Shareholders of the Company (1,455) Non-controlling interests 78 'NM' : Not meaningful. Note to Statement of Comprehensive Income : (1,377) Group 82,932 (99) 6,240 NM - NM 232 (46) 6,472 89,404 86,517 2,887 89,404 Foreign currency translation (loss)/gain arose from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group's presentation currency (Singapore Dollar). The functional currencies in Thai Baht and US Dollar had weakened during the quarter under review. In comparison, these currencies as well as Sterling Pound and Hong Kong Dollar had strengthened during the corresponding quarter last year. NM NM NM (97) NM
Page 1: L.C. Development Ltd Company Regist
Page 5 and 6: Notes to Statement of Financial Pos
Page 7 and 8: 1(d)(i) A statement (for the issuer
Page 9 and 10: 3 Where the figures have been audit
Page 11 and 12: Leisure and Others This sector incu

L.C. Development Ltd - FinanzNachrichten.de

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