Annual Report 2006 - Venture Corporation Limited

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consolidated profit and loss statement Year ended December 31, 2006 The Group Note 2006 2005 $’000 $’000 Revenue 24 3,124,852 3,238,035 Other operating income 25 25,499 12,639 Changes in inventories of finished goods and work in progress (2,999) 34,404 Raw materials and consumables used (2,500,650) (2,701,913) Employee benefits expense 28 (235,477) (217,799) Depreciation and amortisation expense 28 (45,246) (47,484) Research and development expense (44,441) (35,138) Foreign currency exchange adjustment (loss) gain (17,400) 33 Other expenses (86,370) (103,195) Investment revenue 26 30,560 25,322 Finance cost (interest expense on bank overdraft and loans) (2,096) (297) Share of profit of associates 6,347 2,478 Profit before tax 252,579 207,085 Income tax expense 27 (11,638) (5,409) Profit for the year 28 240,941 201,676 Attributable to: Equity holders of the company 239,171 201,171 Minority interests 1,770 505 240,941 201,676 Cents Cents Basic earnings per share 29 88.2 75.1 Fully diluted earnings per share 29 88.1 74.5 34 venture corporation limited See accompanying notes to financial statements.
statements of changes in equity Year ended December 31, 2006 Company Share Investments Share Share options revaluation Accumulated Note capital premium reserve reserve profits Total $’000 $’000 $’000 $’000 $’000 $’000 Balance at January 1, 2005 65,895 501,751 18,017 1,426 423,434 1,010,523 Profit for the year - - - - 67,471 67,471 Recognition of share-based payments 22 - - 5,238 - - 5,238 Share options lapsed - - (1,956) - 1,956 - Net fair value changes in available-for-sale investments - - - (13,234) - (13,234) Released on disposal of available-for-sale investments - - - 927 - 927 First and final tax exempt dividend and bonus tax exempt dividend in respect of the previous financial year 34 - - - - (133,973) (133,973) Issue of shares 23 1,473 52,394 - - - 53,867 Balance at December 31, 2005 67,368 554,145 21,299 (10,881) 358,888 990,819 Profit for the year - - - - 154,706 154,706 Recognition of share-based payments 22 - - 5,560 - - 5,560 Share options lapsed - - (3,541) - 3,541 - Net fair value changes in available-for-sale investments - - - 2,726 - 2,726 Released on disposal of available-for-sale investments - - - (5) - (5) First and final tax exempt dividend and bonus tax exempt dividend in respect of the previous financial year 34 - - - - (135,354) (135,354) Issue of shares 23 28,461 - - - - 28,461 Transfer from share premium account 554,145 (554,145) - - - - Balance at December 31, 2006 649,974 - 23,318 (8,160) 381,781 1,046,913 annual report 2006 35
Page 1 and 2: v e n t u r e c o r p o r a t i o n
Page 3 and 4: We aim to be the best and most reli
Page 5 and 6: annual report 2006 0
Page 11 and 12: group of companies SINGAPORE Ventur
Page 13 and 14: 2006 was one of the best years in p
Page 15 and 16: “Our people remain a core busines
Page 17 and 18: The Group has high expectations for
Page 19 and 20: GOH GEOK LING Non-Executive Directo
Page 21 and 22: corporate information Registered Of
Page 23 and 24: corporate governance The Company co
Page 25 and 26: corporate governance 2.1.2 The RC m
Page 27 and 28: corporate governance 3.2.5 The AC m
Page 29 and 30: eport of the directors The director
Page 31 and 32: eport of the directors 5 SHARE OPTI
Page 33 and 34: eport of the directors 6 AUDIT COMM
Page 35: alance sheets December 31, 2006 The
Page 39 and 40: statements of changes in equity Yea
Page 41 and 42: statements of changes in equity Yea
Page 43 and 44: consolidated cash flow statement Ye
Page 45 and 46: notes to financial statements Decem
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notes to financial statements Decem
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Page 91 and 92:
Page 93 and 94:
statement of directors In the opini
Page 95 and 96:
notice of annual general meeting NO
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notice of annual general meeting By
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VENTURE CORPORATION LIMITED (Incorp
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Annual Report 2006 - Venture Corporation Limited

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