43
FRENCKEN GROUP LIMITED
ANNUAL REPORT 2014
CONSOLIDATED INCOME STATEMENT
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
Note
2014
$’000
2013
$’000
Revenue
5
472,737
444,737
Cost of sales
(406,768)
(377,801)
Gross profit
65,969
66,936
Other income
6
5,538
6,796
Selling and distribution expenses
(12,630)
(11,400)
Administrative and general expenses
(39,874)
(36,786)
Other operating expenses
(1,197)
(680)
Interest income
293
257
Finance costs
8
(1,589)
(2,258)
Profit before income tax and exceptional items
16,510
22,865
Exceptional items
Impairment loss of financial asset, available-for-sale
9(a), 16
(535)
(403)
Impairment loss of goodwill in subsidiary
9(b), 17(a)
(179)
-
(714)
(403)
Profit before income tax
15,796
22,462
Income tax expense
10
(4,715)
(4,330)
Profit for the year
7(a)
11,081
18,132
Profit attributable to:
Equity holders of the Company
11,358
17,744
Non-controlling interests
(277)
388
11,081
18,132
Earnings per share
Attributable to the equity holders of the Company
11
(cents per share)
Basic
2.82
4.47
Diluted
2.78
4.44
See accompanying notes to financial statements.
