Boustead Singapore : FY2022 Group Consolidated Income Statement

109

Consolidated Income Statement

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022

			Note	2022	2021
				$'000	$'000
Revenue	4	631,811	685,710
Cost of sales	7	(487,058)	(512,107)
Gross profit		144,753	173,603
Interest income	5	8,112	4,765
Other gains - net	6	4,595	127,700
Impairment loss on financial assets and contract assets	37(b)	(3,152)	(1,527)
Expenses		(39,068)
	-	Selling and distribution	7	(37,997)
	-	Administrative	7	(71,961)	(71,015)
	-	Finance	9	(1,952)	(3,835)
Share of profit of associates and joint ventures	10	13,908	12,601
Profit before income tax		55,235	204,295
Income tax expense	11	(16,448)	(25,440)
Total profit		38,787	178,855
Profit attributable to:		30,578
Equity holders of the Company		113,073
Non-controlling interests		8,209	65,782
				38,787	178,855
Earnings per share for profit attributable to equity holders of the Company
	(cents per share)
-	Basic	12	6.33	23.27
-	Diluted	12	6.33	23.25

Overview

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Statements Financial

The accompanying notes form an integral part of these financial statements.

110	Boustead Singapore Limited
Annual Report 2022

Consolidated Statement of Comprehensive Income

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022

	Note	2022	2021
		$'000	$'000
Total profit		38,787	178,855
Other comprehensive income/(loss):
Items that may be reclassified subsequently to profit or loss:		739
Share of other comprehensive income of associates	24, 33	892
Currency translation differences arising from consolidation	33	(3,384)	9,333
Items that will not be reclassified subsequently to profit or loss:		(213)
Remeasurement of retirement benefit obligation, net of tax		(498)
Financial assets, at fair value through other comprehensive income		240
- Fair value gains - equity investments	18, 33	106
Non-controlling interests' share of currency translation differences		45
arising from consolidation	33	737
Other comprehensive (loss)/income, net of tax		(2,573)	10,570
Total comprehensive income		36,214	189,425
Total comprehensive income attributable to:		27,707
Equity holders of the Company		122,847
Non-controlling interests		8,507	66,578
		36,214	189,425

The accompanying notes form an integral part of these financial statements.