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Full Annual Report 2006 - Singapore Technologies Engineering

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THE WINNING SPIRIT ST <strong>Engineering</strong> AR <strong>2006</strong> 210<br />

SECTORAL FINANCIAL REVIEW – LAND SYSTEMS<br />

STATEMENT OF PROFIT AND LOSS<br />

<strong>2006</strong> 2005<br />

$’000 $’000<br />

Turnover 1,013,899 604,647<br />

Cost of sales (808,188) (465,261)<br />

Gross profit 205,711 139,386<br />

Other operating income 8,573 11,051<br />

Distribution and selling expenses (39,459) (13,861)<br />

Administrative expenses (71,544) (56,051)<br />

Other operating expenses (36,897) (30,361)<br />

Profit from continuing operations before taxation, other income and financial expenses 66,384 50,164<br />

Other income, net 5,896 5,828<br />

Financial expenses (6,579) (702)<br />

65,701 55,290<br />

Share of results of associated companies and joint ventures 4,270 9,720<br />

Profit from continuing operations before taxation 69,971 65,010<br />

Taxation (16,360) (16,093)<br />

Profit from continuing operations after taxation 53,611 48,917<br />

Attributable to:<br />

Shareholders of the company 51,926 48,997<br />

Minority interests 1,685 (80)<br />

53,611 48,917

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