AR for 2008 - Abterra

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10 ABTERRA Annual Report 2008 OPERATING COMPANIES Registered Office/Singapore Abterra Ltd. 7 Temasek Boulevard #11-05, Suntec Tower 1 Singapore 038987 Tel: (65) 6885 9800 Fax: (65) 6885 9829 Email: info@abterra.com.sg Website: www.abterra.com.sg Macao Abterra Macao Commercial Offshore Ltd. Alameda Dr. Carlos D’Assumpcao nos. 335-341 Edif. Centro Hotline 21° andar “B” Macao Tel: (853) 287 57840 Fax: (853) 287 57836 Email: macao@abterra.com.sg Indonesia PT. Abterra Resources Indonesia Gedung Plaza Bapindo Citibank Tower LT. 21 JL Jend Sudirman KAV. 54-55, Senayan, Kebayoran Baru, Jajarta Selatan, DKI Jakarta Raya 12190 CORPORATE STRUCTURE 100% 100% 100% 45% 15% Abterra Macao Commercial Offshore Ltd. Offshore trading arm in minerals & resources Abterra Resources Pte. Ltd. Local trading arm in minerals & resources PT. Abterra Resources Indonesia Regional trading arm in mining products. Tianjin Lant Development Co. Ltd. Logistics business. Mainly engaged in bulk handling of iron ore, coke and coal Zuoquan Yongxing Coal Company Limited Coal mine with annual capacity upgraded to 900,000 tons
ABTERRA Annual Report 2008 11 3.5-YEAR FINANCIAL STATEMENTS 3.5-YEAR FINANCIAL STATISTICS Group ended 31 Dec ‘08 200808 200707 200606 $’000 $’000 $’000 $’000 Turnover 215,321 392,292 117,172 33,825 Operating (Loss)/profit (12,493) 17,158 711 (5,601) Financial expense (net) (4,240) (1,255) (284) (353) Other items (286) (28) 708 3,575 Share of results of associates 232 181 - - (Loss)/profit before income tax (16,787) 16,056 1,135 (2,379) Income tax expense 1,138 (1,848) - 9 Profit from continuing operations (15,649) 14,208 1,135 (2,370) Loss from discontinued - (412) (217) - operations Net (Loss)/profit for the year (15,649) 13,796 918 (2,370) Minority interests - 164 104 105 (Loss)/profit attributable to (15,649) 13,960 1,022 (2,265) shareholders (Loss)/profit ordinary share (cents) (0.31) 0.39 0.04 (0.11) Shareholders’ equity: Share capital 197,768 190,629 53,207 36,414 Reserves 4,289 20,243 (31,431) (38,440) Total shareholders’ equity 202,057 210,872 21,776 (2,026) Minority interests - 132 296 323 Capital employed 202,057 211,004 22,072 (1,703) Represented by: 6 months period 30 June Non-current assets 133,743 33,112 1,348 1,547 Current assets 285,769 305,670 99,290 3,794 Current liabilities (186,420) (114,996) (38,998) (6,639) Net current assets/(liabilities) 99,349 190,674 60,292 (2,845) Total assets less current liabilities 233,092 223,786 61,640 (1,298) Non-current liabilities (31,035) (12,782) (39,568) (405) Net assets/(liabilities) 202,057 211,004 22,072 (1,703) Net asset/(liabilities) value per ordinary share (cents) 3.97 4.25 0.80 (0.08) We have altered our financial year to end every 31 December. The year 2006, 2007 and 2008 represents the financial year that covered a period of 12 months from 1 July to 30 June the following year while the period ended 31 December 2008 represents the current financial year which covers a period of 6 months from 1 July 2008 to 31 December 2008. Turnover ($’000) 6 mths ended 31 Dec ‘08 2008 2007 2006 33,825 117,172 Shareholders’equity ($’000) 6 mths ended 31 Dec ‘08 2008 2007 2006 (2,026) 21,776 Profit/(Loss) before tax ($’000) 6 mths ended 31 Dec ‘08 2008 2007 2006 (16,787) (2,379) 1,135 215,321 392,292 202,057 210,872 16,056 Profit/(Loss) per ordinary share (cents) 6 mths ended 31 Dec ‘08 2008 2007 2006 Net asset value per ordinary share (cents) 6 mths ended 31 Dec ‘08 2008 2007 2006 (0.08) 0.80 (0.31) 0.04 (0.11) 0.39 3.97 4.25
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ABTERRA LTD. Company Registration N
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CORPORATE INFORMATION BOARD OF DIRE
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