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Consolidated Income Statement
For the Financial Year Ended 31 December 2012
Note
2012
2011
(restated)
$’000
$’000
Revenue
Tin mining and smelting revenue
942,875
1,270,719
Hotel revenue
156,957
157,840
Property revenue
3
59,305
82,104
Proceeds from sale of trading securities
14
–
Total revenue
1,159,151
1,510,663
Other items of income
Dividend income
4
4,611
4,611
Interest income
5
6,518
6,100
Fair value changes in investment properties
15
27,098
56,146
Other income
6
5,729
10,212
1,203,107
1,587,732
Other items of expense
Employee benefits expense
7
(96,959)
(101,387)
Depreciation expense
14
(26,160)
(21,309)
Amortisation expense
16
(7,344)
(12,377)
Impairment losses
8
(68,254)
(21,964)
Costs of tin mining and smelting
(910,730)
(1,153,821)
Costs of trading securities sold
(14)
–
Finance costs
9
(27,443)
(18,243)
Other expenses
10
(163,707)
(189,836)
Total expenses
(1,300,611)
(1,518,937)
Share of results of equity-accounted associates and joint ventures
2,473
10,451
(Loss)/Profit before tax
11
(95,031)
79,246
Income tax expense
12
(17,973)
(22,448)
(Loss)/Profit after tax
(113,004)
56,798
(Loss)/Profit attributable to:
Owners of the Company
(55,236)
47,026
Non-controlling interests
(57,768)
9,772
(113,004)
56,798
(Loss)/Earnings per share (cents per share)
13
Basic
(16.9)
14.4
Diluted
(16.9)
14.4
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
T R A N S
F O R M
AT I ON
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