Download File - TCL Group
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31ST DECEMBER, 2010<br />
(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)<br />
(Continued)<br />
2010 2009<br />
3. Operating (loss)/profit – continuing operations $ $<br />
Revenue 138,525 195,474<br />
Less expenses:<br />
Raw materials and consumables 46,300 64,842<br />
Personnel remuneration and benefits 37,225 40,384<br />
Equipment hire 21,318 30,459<br />
Repairs and maintenance 9,486 9,870<br />
Other operating expenses 17,398 15,108<br />
Provision for doubtful debts 3,397 867<br />
Depreciation 9,211 8,682<br />
Fuel and electricity 3,455 3,005<br />
Insurance 1,460 703<br />
Exchange loss/(gain) 58 (122)<br />
Changes in raw materials and work in progress (7,299) (3,598)<br />
(3,484) 25,274<br />
Other income 904 801<br />
Operating (loss)/profit (2,580) 26,075<br />
Included net in other income is a loss on disposal of property, plant and equipment of $0.297 million (2009: gain<br />
of $0.004 million).<br />
2010 2009<br />
Personnel remuneration and benefits include: $ $<br />
Salaries and wages 31,532 33,496<br />
Pension cost – defined benefit plan (Note 15 (a)) 1,914 2,076<br />
Other benefits 2,303 3,279<br />
National insurance 1,476 1,533<br />
37,225 40,384<br />
24<br />
BUILD TO LAST FOR GENERATIONS
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