Financial Statements and Related Announcement::Third Quarter Results
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Financial Statements and Related Announcement::Third Quarter Results Issuer & Securities
Issuer/ ManagerGENTING SINGAPORE PLC
Securities GENTING SINGAPORE PLC - GB0043620292 - G13 Stapled Security NoAnnouncement Details
Announcement TitleFinancial Statements and Related Announcement
Date & Time of Broadcast 03-Nov-2016 17:14:32 Status New Announcement Sub Title Third Quarter Results Announcement Reference SG161103OTHRAER0 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 Ended30/09/2016
AttachmentsGENS SGX Announcement Q3FY2016.pdf Total size =725K
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03/11/2016
FINANCIAL STATEMENTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2016 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 INCOMEThird Quarter ended 30 September
Nine Months ended 30 September
2016 | 2015 | Change | 2016 | 2015 | Change |
000 | % | % |
Revenue 581,485 636,102 (9) 1,670,390 1,853,487 (10)
Cost of sales (366,807) (448,461) (18) (1,191,865) (1,308,418) (9)
Gross profit 214,678 187,641 14 478,525 545,069 (12)
Other operating income 27,888 129,838 (79) 65,304 196,017 (67)
Fair value loss on derivative
financial instruments - (61,407) (100) - (274,460) (100)
Administrative expenses (43,228) (48,027) (10) (126,071) (44,210) >100
- Prior years' property tax refund 23 - NM 635 102,742 (99)
- Others (43,251) (48,027) (10) (126,706) (146,952) (14)
Selling and distribution expenses (13,041) (14,713) (11) (40,465) (42,731) (5)
Other operating expenses (4,083) (78,596) (95) (65,775) (85,477) (23)
Operating profit 182,214 114,736 59 311,518 294,208 6
Finance costs (9,836) (14,489) (32) (35,731) (39,993) (11)
Share of results of joint ventures
and associate 3,287 (2,338) NM (1,766) (3,201) (45)
Profit before taxation | 175,665 | 97,909 | 79 | 274,021 | 251,014 | 9 |
Taxation | (39,098) | (30,996) | 26 | (78,373) | (79,913) | (2) |
Net profit for the financial period | 136,567 | 66,913 | >100 | 195,648 | 171,101 | 14 |
NM: Not meaningful
STATEM
Third Quarter ended 30 September
Nine Months ended 30 September
Other comprehensive income/(loss), may be reclassified subsequently to profit or loss:
Available-for-sale financial assets
2016 2015 Change 2016 2015 Change
% %
- Fair value gain/(loss) | 1,069 | (130,156) | NM | (25,599) | (172,442) | (85) |
- Reclassification to profit or loss | (1,684) | 71,819 | NM | 8,308 | 70,760 | (88) |
Foreign currency exchange differences | 17,153 | (1,183) | NM | 9,716 | (448) | NM |
Reclassification of foreign currency
exchange differences - - - - (130) (100)
Other comprehensive income/(loss) for the
financial period, net of tax 16,538 (59,520) NM (7,575) (102,260) (93)
Total comprehensive income for the
financial period 153,105 7,393 >100 188,073 68,841 >100
Net profit attributable to:
- Ordinary shareholders of the Company | 106,856 | 37,202 | >100 | 107,161 | 82,937 | 29 |
- Holders of perpetual capital securities | 29,711 | 29,711 | - | 88,487 | 88,164 | - |
136,567 | 66,913 | >100 | 195,648 | 171,101 | 14 | |
Total comprehensive income/(loss) attributable to: | ||||||
- Ordinary shareholders of the Company | 123,394 | (22,318) | NM | 99,586 | (19,323) | NM |
- Holders of perpetual capital securities | 29,711 | 29,711 | - | 88,487 | 88,164 | - |
153,105 | 7,393 | >100 | 188,073 | 68,841 | >100 |
Third Quarter ended 30 September
Nine Months ended 30 September
Earnings per share attributable to ordinary shareholders of the Company
2016 2015 Change 2016 2015 Change
% %Basic (Singapore cents) | 0.89 | 0.31 | >100 | 0.89 | 0.69 | 29 |
Diluted (Singapore cents) | 0.89 | 0.31 | >100 | 0.89 | 0.69 | 29 |
NM: Not meaningful |
Property, plant and equipment:
2016 | 2015 | Change | 2016 | 2015 | Change |
% | % |
Third Quarter ended 30 September
Nine Months ended 30 September
- depreciation | (67,642) | (71,860) | (6) | (206,428) | (243,128) | (15) |
- net (loss)/gain on disposal | (17) | 318 | NM | 4 | 208 | (98) |
- written off | (477) | (30) | >100 | (2,656) | (8,715) | (70) |
- impairment loss | (761) | (6,734) | (89) | (761) | (6,734) | (89) |
Amortisation of: | ||||||
- intangible assets | (5,880) | (5,999) | (2) | (17,311) | (15,768) | 10 |
- borrowing costs | (2,805) | (2,926) | (4) | (8,312) | (8,178) | 2 |
Share-based payment | (3,626) | (5,182) | (30) | (10,105) | (15,841) | (36) |
Impairment on trade receivables | (50,225) | (92,466) | (46) | (196,206) | (225,349) | (13) |
Impairment on asset classified as held | (2,827) | - | NM | (2,827) | - | NM |
for sale | ||||||
Inventory write-down | (44) | (69) | (36) | (124) | (142) | (13) |
Finance charges | (7,031) | (11,563) | (39) | (27,419) | (31,815) | (14) |
Fair value loss on derivative financial | ||||||
instruments | - | (61,407) | (100) | - | (274,460) | (100) |
Impairment loss on available-for-sale | - | (63,374) | (100) | (9,943) | (63,374) | (84) |
financial assets Gain/(loss) on disposal of available-for- | ||||||
sale financial assets, net of | 1,684 | (8,457) | NM | 1,621 | (7,408) | NM |
transaction costs | ||||||
Net foreign exchange gain/(loss) | 5,079 | 108,715 | (95) | (49,587) | 144,011 | NM |
Dividend income | - | 5,281 | (100) | - | 6,834 | (100) |
Interest income | 21,123 | 15,493 | 36 | 63,636 | 44,044 | 44 |
NM: Not meaningful
Genting Singapore plc published this content on 03 November 2016 and is solely responsible for the information contained herein.
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