| Full Year Financial Statement And Dividend Announcement
PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS
1(a) An income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year
|
|
GROUP
|
GROUP
|
|
|
|
31/7/2003
|
31/7/2002
|
CHANGE
|
|
|
S$'000
|
S$'000
|
%
|
|
|
|
|
|
|
Revenue
|
554,774
|
615,174
|
(9.8)
|
|
Cost
of sales
|
(509,441)
|
(564,689)
|
(9.8)
|
|
Gross
profit
|
45,333
|
50,485
|
(10.2)
|
|
Other
Income - including interest income
|
898
|
725
|
23.9
|
|
|
46,231
|
51,210
|
(9.7)
|
|
General
& administrative costs
|
(20,279)
|
(26,669)
|
(24.0)
|
|
Selling
& marketing expenses
|
(1,445)
|
(1,469)
|
(1.6)
|
|
Profit
from operating activities
|
24,507
|
23,072
|
6.2
|
|
Finance
costs
|
(764)
|
(994)
|
(23.1)
|
|
Exceptional
item
|
(10,001)
|
0
|
nm
|
|
Share
of loss of associated companies
|
0
|
(64)
|
(100.0)
|
|
Profit
before taxation and minority interests
|
13,742
|
22,014
|
(37.6)
|
|
Taxation
|
(2,761)
|
(4,188)
|
(34.1)
|
|
Profit
after taxation
|
10,981
|
17,826
|
(38.4)
|
|
Minority
interests
|
88
|
162
|
(45.7)
|
|
Profit
attributable to shareholders
|
11,069
|
17,988
|
(38.5)
|
nm - not meaningful
Additional information for the income statement :
|
|
31/7/2003
|
31/7/2002
|
|
|
S$'000
|
S$'000
|
|
Depreciation
and amortisation
|
(16,037)
|
(14,600)
|
|
Interest
on borrowings
|
(764)
|
(994)
|
|
Foreign
exchange gain/(loss)
|
177
|
(836)
|
|
Goodwill
written off
|
(10,001)
|
-
|
|
Provision
for doubtful debts
|
(1,039)
|
(4,187)
|
|
Provision
for stock obsolescence
|
(1,224)
|
(2,469)
|
|
Revaluation
deficit on fixed assets
|
(560)
|
-
|
|
Fixed
assets written off
|
389
|
646
|
|
Over/(under)
provision of taxation in prior years
|
375
|
(610)
|
1(b)(i) A balance sheet (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year
|
|
GROUP
|
GROUP
|
COMPANY
|
COMPANY
|
|
|
31/7/2003
|
31/7/2002
|
31/7/2003
|
31/7/2002
|
|
|
S$'000
|
S$'000
|
S$'000
|
S$'000
|
|
Non Current Assets
|
|
|
|
|
|
Fixed assets
|
181,358
|
92,554
|
-
|
20
|
|
Subsidiary companies
|
-
|
-
|
153,114
|
93,848
|
|
Investment properties
|
7,954
|
8,888
|
-
|
-
|
|
Long term investments
|
786
|
582
|
11
|
11
|
|
Interest in joint venture
|
-
|
53
|
-
|
53
|
|
Intangible assets
|
13,101
|
195
|
-
|
-
|
|
|
203,199
|
102,272
|
153,125
|
93,932
|
|
Current Assets
|
|
|
|
|
|
Stocks
|
46,296
|
34,749
|
-
|
-
|
|
Trade debtors
|
131,383
|
102,136
|
-
|
-
|
|
Other debtors
|
13,848
|
10,607
|
20
|
26
|
|
Amount due from subsidiaries
|
-
|
-
|
90,722
|
88,350
|
|
Short term investments
|
86
|
96
|
86
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