Ocean Sky International Limited - Ocean Sky International Ltd ...
Ocean Sky International Limited - Ocean Sky International Ltd ...
Ocean Sky International Limited - Ocean Sky International Ltd ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
31. FINANCE COSTS<br />
Group<br />
Financial year ended Six months financial<br />
31 December period ended<br />
1999 2000 2001 30 June 2002<br />
$’000 $’000 $’000 $’000<br />
Interest expense<br />
- bank interest 235 404 496 22<br />
- finance lease 59 143 232 124<br />
- trust receipts 247 676 905 262<br />
- term loan – 271 356 110<br />
541 1,494 1,989 518<br />
32. TAXATION<br />
Group<br />
Financial year ended Six months financial<br />
31 December period ended<br />
1999 2000 2001 30 June 2002<br />
$’000 $’000 $’000 $’000<br />
Current financial year/ period 1,554 1,269 2,059 1,935<br />
Under provision of income tax – – 4 –<br />
Deferred taxation 95 79 367 (19)<br />
1,649 1,348 2,430 1,916<br />
Reconciliation of<br />
effective tax rate<br />
Profit before taxation 6,053 6,933 11,981 9,568<br />
Taxation using statutory<br />
tax rate of 22%<br />
(2001: 24.5%)<br />
(2000: 25.5%)<br />
(1999: 26%) 1,574 1,768 2,935 2,105<br />
Expenses not deductible for tax<br />
Effect of different tax rates in<br />
75 13 179 167<br />
other countries – (433) (684) (356)<br />
1,649 1,348 2,430 1,916<br />
33. EARNINGS PER SHARE<br />
Earnings per share is calculated by dividing the profit attributable to shareholders by the preinvitation<br />
share capital of 293,661,720 ordinary shares of $0.05 each.<br />
132
Change language