View - Singapore Technologies Engineering

STATEMENTS OF PROFIT AND LOSSFOR THE YEAR ENDED 31 DECEMBER 2000(Currency - Singapore dollars)STATEMENTS OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2000(Currency - Singapore dollars)GROUPCOMPANY2000 1999 2000 1999NOTE $’000 $’000 $’000 $’000Turnover 30 2,259,027 1,764,407 235,256 272,153Cost of sales (1,693,793) (1,348,005) – –Gross profit 565,234 416,402 235,256 272,153Other operating income 31 92,948 66,308 16,325 16,141Distribution and selling expenses, net (56,268) (36,029) (6,160) (2,678)Administration expenses (191,573) (147,514) (8,021) (10,318)Other operating expenses (48,859) (33,627) (436) (850)Profit from operations 32 361,482 265,540 236,964 274,448Other income (expenses) 34 11,944 5,884 240 98Financial expenses 35 (3,983) (4,258) – –Exceptional item 36 – – 103,612 –Profit before taxation 369,443 267,166 340,816 274,546Share of results of associated companies andjoint ventures 43,066 32,894 – –412,509 300,060 340,816 274,546Taxation 37 (121,013) (93,887) (53,348) (68,386)Profit after taxation 291,496 206,173 287,468 206,160Minority interests (3,358) (5,644) – –Profit after taxation and minority interestsbut before extraordinary items 288,138 200,529 287,468 206,160Extraordinary items 38 – (8,205) – –Net profit for the year 288,138 192,324 287,468 206,160BASIC EARNINGS PER SHARE (¢) 40Before extraordinary items 10.12 7.08After extraordinary items 10.12 6.79DILUTED EARNINGS PER SHARE (¢) 40Before extraordinary items 10.01 7.01After extraordinary items 10.01 6.72FOREIGNCURRENCYSHARE SHARE MERGER CAPITAL TRANSLATION UNAPPROPRIATEDCAPITAL PREMIUM RESERVE RESERVE RESERVE PROFIT TOTAL$’000 $’000 $’000 $’000 $’000 $’000 $’000THE GROUPAs at 1.1.1999 282,609 123,169 1,538 – 2,256 426,328 835,900Reclassification(Note 4,6) – (114,863) – 114,863 – – –As at 1.1.1999as restated 282,609 8,306 1,538 114,863 2,256 426,328 835,900Foreign currencytranslation differences – – – – 1,627 – 1,627Transfer from revenuereserve to foreigncurrency translationreserve beingexchange differencearising from anassociatedcompany adoptinga new functionalcurrency – – – – 4,369 (4,369) –282,609 8,306 1,538 114,863 8,252 421,959 837,527Issue of shares 1,260 5,521 – – – – 6,781Share of associatedcompany’s sharepremium reversedupon disposal – (407) – – – – (407)Net profit for the year – – – – – 192,324 192,324Dividends (Note 39) – – – – – (195,740) (195,740)As at 31.12.1999 283,869 13,420 1,538 114,863 8,252 418,543 840,485Foreign currencytranslation differences – – – – (1,272) – (1,272)283,869 13,420 1,538 114,863 6,980 418,543 839,213The accompanying notes are an integral part of the financial statements.120 • visionstatement of changes in equity • 121