Financial Statements and Related Announcement::Full Yearly Results
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Financial Statements and Related Announcement::Full Yearly 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 22-Feb-2017 17:13:45 Status New Announcement Sub Title Full Yearly Results Announcement Reference SG170222OTHRI0N8 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 Ended31/12/2016
AttachmentsGENS SGX Announcement Q4FY2016.pdf Total size =810K
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce...
22/02/2017
FINANCIAL STATEMENTS FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 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 Fourth Quarter ended 31 December Full Year ended 31 December2016 | 2015 | Change | 2016 | 2015 | Change |
$ | % | % |
Cost of sales (346,687) (399,826) (13) (1,538,552) (1,708,244) (10)
Gross profit 210,973 147,585 43 689,498 692,654 (0)Other operating income 89,150 23,990 >100 104,868 197,374 (47)
Fair value gain/(loss) on derivative
financial instruments - 35,119 (100) - (239,341) (100)
Administrative expenses (33,589) (48,124) (30) (159,660) (92,334) 73
- Prior years' property tax refund | 1,505 | - | NM | 2,140 | 102,742 | (98) |
- Others | (35,094) | (48,124) | (27) | (161,800) | (195,076) | (17) |
Selling and distribution expenses | (14,086) | (14,124) | (0) | (54,551) | (56,855) | (4) |
Other operating expenses | (16,560) | (101,039) | (84) | (32,749) | (163,883) | (80) |
Operating profit | 235,888 | 43,407 | >100 | 547,406 | 337,615 | 62 |
Finance costs | (8,822) | (14,530) | (39) | (44,553) | (54,523) | (18) |
Share of results of joint ventures and | ||||||
associate | (4,468) | (627) | >100 | (6,234) | (3,828) | 63 |
Taxation (33,699) (6,291) >100 (112,072) (86,204) 30
Net profit for the financial period/year 188,899 21,959 >100 384,547 193,060 99NM: Not meaningful
STATE Fourth Quarter ended 31 December Full Year ended 31 December Other comprehensive (loss)/income, may be reclassified subsequently to profit or loss:Available-for-sale financial assets
Fair value (loss)/gain
Reclassification to profit or loss
Foreign currency exchange differences Reclassification of foreign currency
exchange differences
Other comprehensive (loss)/income for the financial period/year, net of tax
Total comprehensive income for the financial period/year 2016 2015 Change 2016 2015 Change% %
(4,738) | 66,373 | NM | (30,337) | (106,069) | (71) |
2,087 | 79,616 | (97) | 10,395 | 150,376 | (93) |
(786) | 981 | NM | 8,930 | 533 | >100 |
3 | 581 | (99) | 3 | 451 | (99) |
(3,434) | 147,551 | NM | (11,009) | 45,291 | NM |
185,465 | 169,510 | 9 | 373,538 | 238,351 | 57 |
- Ordinary shareholders of the Company | 159,188 | (7,751) | NM | 266,349 | 75,186 | >100 |
- Holders of perpetual capital securities | 29,711 | 29,711 | - | 118,198 | 117,875 | 0 |
- Non-controlling interests | - | (1) | (100) | - | (1) | (100) |
188,899 | 21,959 | >100 | 384,547 | 193,060 | 99 |
attributable to: - Ordinary shareholders of the Company | 155,754 | 139,800 | 11 | 255,340 | 120,477 | >100 |
- Holders of perpetual capital securities | 29,711 | 29,711 | - | 118,198 | 117,875 | 0 |
- Non-controlling interests | - | (1) | (100) | - | (1) | (100) |
185,465 | 169,510 | 9 | 373,538 | 238,351 | 57 |
Change
2016 2015 Full Year ended 31 December 2016 2015Change
% %
Earnings/(loss) per share attributable to ordinary shareholders of the CompanyBasic (Singapore cents) | 1.33 | (0.06) | NM | 2.22 | 0.62 | >100 |
Diluted (Singapore cents) | 1.32 | (0.06) | NM | 2.21 | 0.62 | >100 |
NM: Not meaningful |
31 December 31 December | ||||||
2016 | 2015 | Change % | 2016 | 2015 | Change % | |
Property, plant and equipment: | ||||||
- Depreciation | (67,064) | (80,795) | (17) | (273,492) | (323,923) | (16) |
- Net gain on disposal | 843 | 391 | >100 | 847 | 599 | 41 |
- Written off | (2,808) | (568) | >100 | (5,464) | (9,283) | (41) |
- Impairment (charged)/write-back | (10,047) | 1,960 | NM | (10,808) | (4,774) | >100 |
Amortisation of: | ||||||
- Intangible assets | (5,896) | (4,458) | 32 | (23,207) | (20,226) | 15 |
- Borrowing costs | (2,675) | (2,814) | (5) | (10,987) | (10,992) | (0) |
Share-based payment | (635) | (4,238) | (85) | (10,741) | (20,079) | (47) |
Impairment on: | ||||||
- Trade receivables | (38,918) | (45,344) | (14) | (235,124) | (270,693) | (13) |
- Other receivables (456) - NM (456) - NM
Impairment on asset classified as held
for sale - - NM (2,827) - NM
Gain on disposal of asset classified as
held for sale 996 - NM 996 - NM
Impairment on available-for-sale
financial assets (3,706) - NM (13,649) (63,374) (78)
Gain/(loss) on disposal of available-
for-sale financial assets, net of transaction costs | 1,620 | (79,800) | NM | 3,241 | (87,208) | NM |
Fair value gain/(loss) on derivative | - | 35,119 | (100) | - | (239,341) | (100) |
financial instruments | ||||||
Inventory write-down | (23) | (85) | (73) | (147) | (227) | (35) |
Finance charges | (6,147) | (11,716) | (48) | (33,566) | (43,531) | (23) |
Net foreign exchange gain/(loss) | 65,453 | (22,633) | NM | 15,866 | 121,378 | (87) |
Dividend income | - | 5,926 | (100) | - | 12,760 | (100) |
Interest income | 20,232 | 17,626 | 15 | 83,868 | 61,670 | 36 |
NM: Not meaningful |
Genting Singapore plc published this content on 22 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 February 2017 10:26:02 UTC.
Original documenthttp://media.corporate-ir.net/media_files/IROL/15/154917/Annoucement/20170222 - GENS SGX ANNOUNCEMENT Q4FY16 RESULTS 31 DECEMBER 2016.pdf
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