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Property - Guthrie GTS Ltd

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Consolidated Income Statement<br />

For the financial year ended 31 December 2010<br />

Note 2010 2009<br />

$’000 $’000<br />

Revenue 4 295,063 423,291<br />

Costs of sales (193,063) (325,041)<br />

Gross profit 102,000 98,250<br />

Other gains – net 4 6,312 4,688<br />

Fair value gains on investment properties 24 71,467 4,749<br />

Expenses<br />

Distribution (2,457) (3,095)<br />

Administrative (33,793) (28,934)<br />

Finance 7 (13,053) (12,823)<br />

Other operating (3,374) (4,692)<br />

Share of profit of associates, net of tax 8,469 17,901<br />

Profit before income tax 135,571 76,044<br />

Income tax expense 8 (16,826) (6,779)<br />

Net profit 118,745 69,265<br />

Attributable to:<br />

Equity holders of the Company 116,561 69,049<br />

Non-controlling interest 2,184 216<br />

118,745 69,265<br />

Earnings per share attributable to the equity holders<br />

of the Company (expressed in cents per share)<br />

Basic 9(a) 10.81 6.41<br />

Diluted 9(b) 10.81 6.41<br />

The accompanying notes form an integral part of these financial statements.<br />

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