Page 82 - ar2013.pdf

CONSOLIDATED INCOME STATEMENT
For the Ànancial year ended 31 December 2013
The accompanying notes form an integral part of these financial statements.
80
COSCO Corporation (Singapore) Limited
F i nanc i a l Statement s
Note 2013 2012
$’000 $’000
Sales 4 3,508,134 3,734,261
Cost of sales (3,186,946) (3,249,358)
Gross profit 321,188 484,903
Other income (net) 7 110,138 122,567
Expenses
- Distribution (66,523) (82,268)
- Administrative (193,423) (196,175)
- Finance 8 (110,845) (99,986)
Share of profit of associated companies 20 407 580
Profit before income tax 60,942 229,621
Income tax expense 9(a) (8,157) (59,842)
Net profit 52,785 169,779
Profit attributable to:
Equity holders of the Company 30,615 105,685
Non-controlling interests 22,170 64,094
52,785 169,779
Earnings per share attributable to equity holders of the Company
(expressed in cents per share) 10
- Basic 1.37 4.72
- Diluted 1.37 4.72