CONSOLIDATED PROFIT OR LOSS
For the financial year ended 31 December 2014
Financial Statements
The accompanying notes form an integral part of these financial statements.
80
COSCO Corporation (Singapore) Limited
Note
2014
2013
$’000
$’000
Sales
4
4,260,705
3,508,134
Cost of sales
5
(3,969,664)
(3,186,946)
Gross profit
291,041
321,188
Other income
7(a)
106,946
127,556
Other gains and losses
7(b)
5,036
(17,418)
Expenses
- Distribution
5
(84,182)
(66,523)
- Administrative
5
(173,696)
(193,423)
- Finance
8
(127,697)
(110,845)
Share of (loss)/profit of associated companies
20
(197)
407
Profit before income tax
17,251
60,942
Income tax credit/(expense)
9(a)
9,026
(8,157)
Net profit
26,277
52,785
Profit attributable to:
Equity holders of the Company
20,893
30,615
Non-controlling interests
5,384
22,170
26,277
52,785
Earnings per share attributable to equity holders of the Company
(expressed in cents per share)
- Basic earnings per share
10(a)
0.93
1.37
- Diluted earnings per share
10(b)
0.93
1.37
