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Income Statements
For the financial year ended 31 December 2011
Group Company
2011 2010 2011 2010
Note RM’000 RM’000 RM’000 RM’000
Revenue
Tin mining and smelting revenue 3,098,551 2,738,834 3,091,298 2,726,985
Other items of income
Dividend income 5 – – 41,410 5,473
Interest income 6 12,967 6,374 15,143 9,171
Other income/(loss) 7 2,372 17,977 (3,469) 8,033
Expenses
Employee benefits expense 8 (76,845) (74,890) (24,937) (23,913)
Depreciation expense 15 (13,618) (16,466) (1,448) (1,092)
Amortisation expense 16,17,21 (29,948) (13,192) – –
Costs of tin mining and smelting (2,813,134) (2,513,695) (2,978,671) (2,649,046)
Finance costs 9 (24,050) (22,366) (20,961) (18,564)
Other expenses 10 (64,557) (50,943) (13,917) (17,612)
Total expenses (3,022,152) (2,691,552) (3,039,934) (2,710,227)
Share of results of associates and jointly
controlled entity 24,692 4,382 – –
Profit before exceptional losses 116,430 76,015 104,448 39,435
Exceptional losses, net 11 (25,298) (154,478) (41,611) (135,457)
Profit/(Loss) before tax 4 91,132 (78,463) 62,837 (96,022)
Income tax expense 12 (34,476) (21,768) (24,235) (16,738)
Profit/(Loss) net of tax 56,656 (100,231) 38,602 (112,760)
Attributable to:
Owners of the Company 60,523 (80,249) 38,602 (112,760)
Non-controlling interests (3,867) (19,982) – –
Earnings/(Loss) per share attributable to
owners of the Company (sen per share)
56,656 (100,231) 38,602 (112,760)
- Basic and diluted 13 61.6 (107.0) – –
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
MALAYSIA SMELTING CORPORATION (43072-A) • ANNUAL REPORT 2011 75