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 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 Ended

30/09/2016

Attachments

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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 INCOME

Third 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

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

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.
Distributed by Public, unedited and unaltered, on 03 November 2016 11:54:03 UTC.

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