CONSOLIDATED INCOME STATEMENT
For the Financial Year Ended 31 December 2014
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Note
2014
2013
(restated)
$’000
$’000
Continuing operations
Revenue
Tin mining and smelting revenue
743,364
628,875
Property revenue
3
21,392
31,650
Total revenue
764,756
660,525
Other items of income/(loss)
Dividend income
4
8,193
1,806
Interest income
5
5,395
5,636
Fair value changes in investment properties
15
(4,021)
20,107
Other income
6
35,093
93,948
809,416
782,022
Other items of expense
Employee benefits expense
7
(29,513)
(31,267)
Depreciation expense
14
(2,925)
(2,617)
Amortisation expense
16
(683)
(498)
Impairment losses
8
(1,267)
(2,699)
Costs of tin mining and smelting
(686,533)
(564,100)
Finance costs
9
(29,748)
(23,976)
Other expenses
10
(40,531)
(31,564)
Total expenses
(791,200)
(656,721)
Share of results of equity-accounted associates and joint ventures
14,866
(16,835)
Profit before tax from continuing operations
11
33,082
108,466
Income tax (expense)/credit
12
(9,184)
40,879
Profit after tax from continuing operations
23,898
149,345
Discontinued operations
Loss after tax from discontinued operations
24
(7,704)
(22,741)
Profit after tax
16,194
126,604
Attributable to:
Owners of the Company
Profit after tax from continuing operations
20,548
141,018
Loss after tax from discontinued operations
(1,962)
(21,523)
Profit attributable to owners of the Company
18,586
119,495
Non-controlling interests
Profit after tax from continuing operations
3,350
8,327
Loss after tax from discontinued operations
(5,742)
(1,218)
(Loss)/Profit after tax attributable to non-controlling interests
(2,392)
7,109
Earnings per share from continuing operations attributable to owners of
the Company (cents per share)
13(a)
Basic
5.0
35.9
Diluted
5.0
35.9
Earnings per share (cents per share)
13(b)
Basic
4.6
30.4
Diluted
4.6
30.4
48
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
