Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
40<br />
Singapore Land Limited - <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong><br />
CONSOLIDATED INCOME STATEMENT<br />
For the fi nancial year ended 31 December <strong>2012</strong><br />
Note <strong>2012</strong> 2011<br />
$’000 $’000<br />
(restated)<br />
Revenue 4 580,602 615,296<br />
Cost of sales 5 (322,932) (334,426)<br />
Gross profit 257,670 280,870<br />
Investment income 6 4,643 2,919<br />
Other gains/(losses) - net 2,424 1,137<br />
Selling and distribution costs (13,168) (13,367)<br />
Administrative expenses (10,161) (10,221)<br />
Finance expenses (2,056) (1,642)<br />
Share of results of associated companies 88,957 61,361<br />
Share of results of joint ventures - (500)<br />
328,309 320,557<br />
Fair value gain on investment properties 16 165,373 126,372<br />
Profit before income tax 7 493,682 446,929<br />
Income tax expense 8 (36,992) (41,084)<br />
Net profit 456,690 405,845<br />
Attributable to:<br />
Equity holders of the Company 9 407,104 353,592<br />
Non-controlling interests 49,586 52,253<br />
456,690 405,845<br />
Basic/Diluted earnings per share attributable<br />
to equity holders of the Company<br />
(expressed in cents per share) 10 98.7 cents 85.7 cents<br />
The accompanying notes form an integral part of these fi nancial statements.
Change language