FINANCIAL STATEMENTS - Mewah Group

ANNUAL REPORT 2012CONSOLIDATED INCOME STATEMENTFor the financial year ended 31 December 2012Note 2012 2011US$’000US$’000Revenue 4 3,620,781 4,467,933Cost of sales 5 (3,408,599) (4,282,314)Gross profit 212,182 185,619Other income 6 10,840 7,873Expenses- Selling and distribution expenses (109,193) (109,747)- Administrative expenses (72,159) (64,685)- Other (losses)/gains 7 (6,127) 31,868- Finance costs 8 (17,477) (12,887)Share of profit of associated company 60 123Profit before tax 10 18,126 38,164Income tax credit 11 5,399 1,094Profit after tax 23,525 39,258Profit after tax attributable to:Equity holders of the Company 24,788 42,245Non-controlling interests (1,263) (2,987)23,525 39,258Earnings per share attributable to equity holders of the Company(expressed in US cents per share)- Basic and diluted 12 1.64 2.80The accompanying notes form an integral part of these financial statements.43