CONSOLIDATED INCOME STATEMENT
For the financial year ended 31 December 2014
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Group
Note
2014
2013
$’000
$’000
Continuing operations
Revenue
19
433,824
416,039
Cost of sales
(309,360)
(304,361)
Gross profit
124,464
111,678
Other operating income
Miscellaneous income
20
2,020
2,909
Finance income
21
261
395
Operating expenses
Administrative expenses *
(70,861)
(92,892)
Selling and distribution expenses
(4,387)
(4,069)
Other expenses
(769)
214
Finance costs
22
(952)
(5,720)
Profit before tax from continuing operations
23
49,776
12,515
Income tax expense
24
(12,869)
(7,756)
Profit from continuing operations, net of tax
36,907
4,759
Discontinued operation
Profit from discontinued operation, net of tax
6
–
105,379
Profit for the year
36,907
110,138
Attributable to:-
Owners of the Company
Profit from continuing operations, net of tax
35,357
3,385
Profit from discontinued operation, net of tax
–
105,379
Profit for the year attributable to owners of the Company
35,357
108,764
Non-controlling interests
Profit from continuing operations, net of tax
1,550
1,374
Earnings per share from continuing operations
attributable to owners of the Company (in cents)
Basic EPS
25
6.85
0.66
Diluted EPS
25
6.85
0.66
Earnings per share (in cents)
Basic EPS
25
6.85
21.08
Diluted EPS
25
6.85
21.08
*
Includes goodwill written off of $Nil (2013: $26,991,000).
52
CSE Global Limited
