O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX

Cost of Sales
Our cost of sales consists of direct costs and production overheads relating to our shipbuilding, ship repair
and conversion and ship chartering businesses. The following table shows our cost of sales from each of our
business segments for the periods indicated:
Financial Years Ended 31 December
2005 2006 2007
S$ % S$ % S$
(In millions)
US$
(Unaudited)
%
Shipbuilding ................. 33.6 69.1 111.8 88.8 214.0 157.4 92.1
Ship repair and conversion . . .... 15.0 30.9 14.1 11.2 12.3 9.0 5.3
Ship chartering ............... — — — — 6.0 4.4 2.6
Total. ...................... 48.6 100.0 125.9 100.0 232.3 170.8 100.0
Five Months Ended 31 May
2007 2008
S$ % S$ %
(Unaudited) (Unaudited)
(In millions)
Shipbuilding ................................. 64.7 90.7 158.2 97.4
Ship repair and conversion. ...................... 5.6 7.9 3.5 2.2
Ship chartering ............................... 1.0 1.4 0.8 0.4
Total ....................................... 71.3 100.0 162.5 100.0
Shipbuilding
The following table sets out the principal components of our cost of sales relating to our shipbuilding
business for the periods indicated.
2005
Financial Years Ended 31 December
2006 2007
S$ % S$ % S$ US$ %
(In millions)
(Unaudited)
Cost of sales
Equipment (1) ................. 14.6 43.5 49.8 44.5 91.5 67.3 42.8
Materials (2) .................. 7.3 21.7 28.1 25.1 57.6 42.4 26.9
Subcontract costs (3) ............ 2.9 8.6 9.1 8.1 20.7 15.2 9.6
Labour ..................... 0.7 2.1 3.4 3.1 6.2 4.6 2.9
Overheads (4) ................. 8.1 24.1 21.4 19.2 38.0 27.9 17.8
Total. ...................... 33.6 100.0 111.8 100.0 214.0 157.4 100.0
Five Months Ended 31 May
2007 2008
S$ % S$ %
(Unaudited) (Unaudited)
(In millions)
Equipment (1) ................................. 21.0 32.4 89.1 56.3
Materials (2) .................................. 8.8 13.6 20.9 13.2
Subcontract costs (3) ............................ 24.3 37.6 36.2 22.9
Labour . . . .................................. 2.0 3.1 4.9 3.1
Overheads (4) ................................. 8.6 13.3 7.1 4.5
Total ....................................... 64.7 100.0 158.2 100.0
Notes:
(1) “Equipment” includes mainly engines, propellers, pumps, winches, bulk tanks and navigation systems.
(2) “Materials” include mainly steel plates and consumables, cabling and piping systems.
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