SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited
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CONSOLIDATED INCOME STATEMENT<br />
FOR <strong>THE</strong> FINANCIAL YEAR ENDED 31 DECEMBER 2004<br />
Note 2004 2003<br />
$ $<br />
Sales 4 8,529,184 12,129,518<br />
Cost of sales (6,480,504) (8,039,275)<br />
Gross profit 2,048,680 4,090,243<br />
Other operating income 4 4,358,919 2,137,553<br />
Administrative expenses (2,379,206) (1,849,557)<br />
Other operating expenses (756,106) (340,730)<br />
Profit from operations 5 3,272,287 4,037,509<br />
Finance costs 6 (348,318) (266,411)<br />
Share of results of associated companies before tax 1,110,240 600,187<br />
Profit before tax 4,034,209 4,371,285<br />
Income tax expense 8 (161,609) (280,677)<br />
Net profit for the financial year 3,872,600 4,090,608<br />
Earnings per share - basic and diluted (cents) 9 3.07 3.29<br />
The accompanying notes form an integral part of these financial statements. Auditors’ report – Page 24.<br />
ANNUAL REPORT 2004_25