directors - The Lion Group
directors - The Lion Group
directors - The Lion Group
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INCOME STATEMENTS<br />
FOR THE YEAR ENDED 30 JUNE 2005<br />
<strong>The</strong> <strong>Group</strong> <strong>The</strong> Company<br />
2005 2004 2005 2004<br />
Note RM’000 RM’000 RM’000 RM’000<br />
Revenue 5 3,965,156 3,637,868 30,032 20,584<br />
Other operating income 6 17,512 7,402 267 22,148<br />
Net changes in inventories 101,313 50,044 – –<br />
Raw materials and consumables used (3,123,129) (2,304,870) – –<br />
Purchase of trading merchandise (123,474) (282,792) – –<br />
Contract costs recognised (1,837) (985) – –<br />
Property development expenditure (16,115) (19,961) (137) (2,845)<br />
Staff costs 6 (173,799) (193,835) (4,946) (4,070)<br />
Directors’ remuneration 7 (951) (1,646) (828) (695)<br />
Depreciation of property, plant and equipment 13 (132,621) (152,851) (3,139) (2,949)<br />
Amortisation of:<br />
Forest concessions 15 (10,796) (10,796) – –<br />
Expenditure carried forward 22 (2,094) (10,126) – –<br />
Negative goodwill 35,056 38,613 – –<br />
Goodwill 23 (19,985) (20,117) – –<br />
Other operating expenses 6 (184,847) (365,696) (11,430) (8,025)<br />
Profit from operations 329,389 370,252 9,819 24,148<br />
Finance costs 8 (140,011) (153,906) (35,584) (38,329)<br />
Share in results of associated companies 214,557 8,783 – –<br />
Income from other investments 9 39,370 34,042 27,835 23,323<br />
Loss on disposal of investments for debt settlement 10 (47,044) – – –<br />
Gain on disposal of subsidiary companies 18 – 314,606 – –<br />
Profit before tax 396,261 573,777 2,070 9,142<br />
Income tax (expense)/credit: 11<br />
Company and subsidiary companies (47,883) (94,337) 4,048 (2,947)<br />
Associated companies (13,152) (4,052) – –<br />
Profit after tax 335,226 475,388 6,118 6,195<br />
Minority interests (7,661) (139,164) – –<br />
Net profit for the year 327,565 336,224 6,118 6,195<br />
Earnings per ordinary share 12 47.6 sen 49.5 sen<br />
<strong>The</strong> accompanying Notes form an integral part of the Financial Statements.<br />
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