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Financial Statements and Related Announcement::Third Quarter Results

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Financial Statements and Related Announcement::Third Quarter Results Issuer & Securities

Issuer/ Manager

GENTING SINGAPORE PLC


Securities GENTING SINGAPORE PLC - GB0043620292 - G13


Stapled Security No


Announcement Details


Announcement Title

Financial Statements and Related Announcement


Date & Time of Broadcast 12-Nov-2015 17:16:22


Status New


Announcement Sub Title Third Quarter Results


Announcement Reference SG151112OTHRK8BV


Submitted By (Co./ Ind. Name) Joscelyn Tan


Designation Company Secretary


Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)


Please see attached.


Additional Details


For Financial Period Ended

30/09/2015


Attachments

GENS SGX Announcement Q3FY15.pdf Total size =780K


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12/11/2015


FINANCIAL STATEMENTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2015


PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF AND FULL YEAR ANNOUNCEMENTS


1(a)(i) A statement of comprehensive income (for the Group) together with a comparative statement for the corresponding period of the immediately preceding financial year.


STATEMENT OF COMPREHENSIVE INCOME


Third quarter ended 30 September

Nine months ended 30 September

2015

2014

Change

2015

2014

Change

S$'000

S$'000

%

S$'000

S$'000

%


Revenue


636,102


644,773


(1)


1,853,487


2,224,616


(17)

Cost of sales

(448,461)

(426,919)

5

(1,308,418)

(1,382,097)

(5)

Gross profit

187,641

217,854

(14)

545,069

842,519

(35)

Other operating income

129,838

40,421

>100

196,017

49,396

>100

Fair value (loss)/gain on derivative financial instruments

(61,407)

(7,713)

>100

(274,460)

9,496

NM

Administrative expenses

(48,027)

(57,870)

(17)

(44,210)

(171,863)

(74)

- Prior years' property tax refund

-

-

NM

102,742

-

NM

- Others

(48,027)

(57,870)

(17)

(146,952)

(171,863)

(14)

Selling and distribution expenses

(14,713)

(15,275)

(4)

(42,731)

(43,016)

(1)

Other operating expenses

(78,596)

(3,276)

>100

(85,477)

(16,304)

>100

Operating profit

114,736

174,141

(34)

294,208

670,228

(56)

Finance costs

(14,489)

(9,716)

49

(39,993)

(32,401)

23

Share of results of joint ventures and associate

(2,338)

(3,329)

(30)

(3,201)

12,242

NM

Profit before taxation

97,909

161,096

(39)

251,014

650,069

(61)

Taxation

(30,996)

(33,999)

(9)

(79,913)

(133,744)

(40)

Net profit for the financial period

66,913

127,097

(47)

171,101

516,325

(67)


NM: Not meaningful


STATEMENT OF COMPREHENSIVE INCOME (CONT'D)


Third quarter ended 30 September Nine months ended 30 September 2015 2014 Change 2015 2014 Change S$'000 S$'000 % S$'000 S$'000 %


Other comprehensive (loss)/income, may be reclassified subsequently to profit or loss:

(130,156)

(48,121)

>100

(172,442)

(6,872)

>100

71,819

-

NM

70,760

-

NM

(1,183)

(655)

81

(448)

2,151

NM

-

-

-

(130)

-

NM

(59,520)

(48,776)

22

(102,260)

(4,721)

>100

7,393

78,321

(91)

68,841

511,604

(87)

Available-for-sale financial assets

  • Fair value loss

  • Reclassification

Foreign currency exchange differences Reclassification of foreign currency

exchange differences

Other comprehensive loss

for the financial period, net of tax

Total comprehensive income for the financial period


Net profit attributable to:


- Ordinary shareholders of the Company

37,202

97,386

(62)

82,937

428,161

(81)

- Holders of perpetual capital securities

29,711

29,711

-

88,164

88,164

-

66,913

127,097

(47)

171,101

516,325

(67)


Total comprehensive (loss)/income

attributable to:

- Ordinary shareholders of the Company


(22,318)


48,610


NM


(19,323)


423,440


NM

- Holders of perpetual capital securities

29,711

29,711

-

88,164

88,164

-

7,393

78,321

(91)

68,841

511,604

(87)


Third Quarter ended 30 September Nine months ended 30 September


Earnings per share attributable to ordinary shareholders of the Company 2015 2014 Change 2015 2014 Change

% %


Basic (Singapore cents) 0.31 0.80 (61) 0.69 3.50 (80)



Diluted (Singapore cents) 0.31 0.79 (61) 0.69 3.49 (80) NM: Not meaningful


1(a)(ii) Included in the profit before taxation for the financial period are the following charges and credits:


Third Quarter ended 30 September

Nine months ended 30 September

2015

2014

Change

2015

2014

Change

S$'000

S$'000

%

S$'000

S$'000

%

Property, plant and equipment:

- depreciation

(71,860)

(98,227)

(27)

(243,128)

(300,380)

(19)

- net gain on disposal

318

411

(23)

208

415

(50)

- written off

(30)

(3,274)

(99)

(8,715)

(9,105)

(4)

- impairment loss

(6,734)

-

NM

(6,734)

-

NM

Amortisation of:

- intangible assets

(5,999)

(4,167)

44

(15,768)

(15,308)

3

- borrowing costs

(2,926)

(2,221)

32

(8,178)

(7,034)

16

Share-based payment

(5,182)

(8,374)

(38)

(15,841)

(23,009)

(31)

Impairment loss on trade receivables

(92,466)

(39,747)

>100

(225,349)

(180,054)

25

Inventory write-down

(69)

(48)

44

(142)

(668)

(79)

Finance charges

(11,563)

(7,495)

54

(31,815)

(25,367)

25

Fair value (loss)/gain on derivative financial instruments

(61,407)

(7,713)

>100

(274,460)

9,496

NM

Impairment loss on available-for-sale financial assets

(63,374)

-

NM

(63,374)

-

NM

Loss on disposal of available-for-sale financial assets, net of transaction costs


(8,457)


-


NM


(7,408)


-


NM

Net exchange gain/(loss)

108,715

22,154

>100

144,011

(8,245)

NM

Dividend income

5,281

4,075

30

6,834

10,312

(34)

Interest income

15,493

13,777

12

44,044

37,255

18


NM: Not meaningful

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