Full Annual Report 2006 - Singapore Technologies Engineering
Full Annual Report 2006 - Singapore Technologies Engineering
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