notes to the financial statements - Investor Relations

CWT Limited
50
CONSOLIDATED INCOME STATEMENT
YEAR ENDED 31 DECEMBER 2011
Note 2011 2010
$’000 $’000
Revenue 34 2,579,696 747,181
Cost of sales (2,421,804) (647,972)
Gross profit 157,892 99,209
Other income 12,096 151,919
Administrative expenses (105,251) (66,651)
Other operating expenses (9,583) (2,145)
Profit from operations 55,154 182,332
Finance income 17,893 7,371
Finance expenses (16,187) (5,107)
Net finance income 37 1,706 2,264
Share of profit of associates and jointly-controlled entities, net of tax 8,222 4,783
Profit before income tax 35 65,082 189,379
Income tax expense 38 (5,609) (6,966)
Profit for the year 59,473 182,413
Attributable to:
Owners of the Company 57,145 178,967
Non-controlling interests 2,328 3,446
Profit for the year 59,473 182,413
Earnings per share (cents)
Basic 39 9.60 30.39
Diluted 39 9.60 30.39
The accompanying notes form an integral part of these financial statements.