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Financials

The information is retrieved from Annual Report 2005
Years
2016 2015
2014 2013
2012 2011
2010 2009
2008 2007
2006 2005
2004 2003

   
  The Group The Group
2005 2004
$ $
Revenue 296,890,833 310,554,710
 
Foreign exchange gain 5,186,294 1,962,440
 
Gain on dilution of interest in subsidiary 6,023,807 -
 
Commission expenses (64,477,799) (65,984,598)
 
Personnel expenses (98,115,199) (93,575,784)
 
Finance expense (3,967,310) (1,740,145)
 
Other operating expenses (51,736,532) (53,106,594)
 
Profit from operations 89,804,094 98,110,029
 
Share of results of associated companies after tax 2,811,897 8,619,665
 
Profit before tax 92,615,991 106,729,694
 
Income tax expense (16,879,712) (21,395,392)
 
Profit after tax 75,736,279 85,334,302
 
Attributable to:
Equity holders of the Company 75,448,053 85,386,265
Minority interests 288,226 (51,963)
75,736,279 85,334,302
 
Earnings per share – basic and diluted (cents) 10.41 11.78
     
   
  The Group The Group
2005 2004
$ $
ASSETS
Current assets
Cash and cash equivalents 224,142,201 280,326,915
Outstanding contracts receivable 647,330,871 449,947,159
Trade receivables 561,279,537 402,107,756
Financial assets at fair value through profit or loss 2,321,243 12,955,525
Other current assets 13,671,273 16,230,602
Derivative financial instruments 477 -
1,448,745,602 1,161,567,957
Non-current assets
Loans to subsidiaries - -
Investments
– in subsidiaries - -
– in associated companies 37,916,698 39,252,013
Available-for-sale financial assets 29,661,819 4,348,284
Trading rights in Exchanges 115,372 111,938
Memberships in Exchanges 26,118 118,633
Property, plant and equipment 6,315,000 9,332,498
Deferred income tax assets 35,029 1,438,028
74,070,036 54,601,394
Total assets 1,522,815,638 1,216,169,351
LIABILITIES
Current liabilities
Outstanding contracts payable 629,808,507 398,990,051
Trade and other payables 48,368,389 70,005,091
Financial liabilities at fair value through profit or loss 27,858 9,590,854
Borrowings 71,775,706 52,965,569
Current income tax liabilities 25,659,321 24,596,573
Derivative financial instruments 214,420 -
775,854,201 556,148,138
Non-current liabilities
Deferred income tax liabilities 798,717 -
798,717 -
Total liabilities 776,652,918 556,148,138
Net assets 746,162,720 660,021,213
SHAREHOLDERS’ EQUITY
Share capital 72,470,901 72,470,901
Reserves 247,244,629 252,028,490
Retained earnings 412,960,767 332,284,308
732,676,297 656,783,699
Minority interests 13,486,423 3,237,514
Total equity 746,162,720 660,021,213
Clients’ trust/segregated accounts
Bank balances
– with affiliated corporations 71,317,956 79,098,913
– with non-related banks 211,175,787 199,513,623
Margin with clearing house 5,857,733 14,028,626
Less: Amounts held in trust (288,351,476) (292,641,162)
  - -
     
   
  The Group The Group
2005 2004
$ $
Cash flows from operating activities
Profit before tax and after share of results of associated companies 92,615,991 106,729,694
Adjustments for:
Share of results of associated companies (2,811,897) (8,619,665)
Depreciation and amortisation expenses 7,794,575 7,253,082
Gain on dilution of interest in subsidiary (6,023,807)
Loss on disposal of fixed assets 18,639 136,342
Gross dividend income from quoted securities (3,071,620) (2,300,396)
Interest income (28,870,752) (20,498,401)
Interest expense 3,967,310 1,740,145
Exchange differences (47,985) (2,677,474)
Operating cash flow before working capital changes 63,570,454 81,763,327
Changes in operating assets and liabilities:
Financial assets/liabilities at fair value through profit or loss 1,072,178 4,376,605
Debtors and outstanding contracts receivable (337,297,883) 344,959,235
Due (to)/from associated companies (73,189) 377,589
Creditors and outstanding contracts payable 209,469,363 (380,313,215)
Cash (used in)/generated from operations (63,259,077) 51,163,541
Interest received 28,870,752 20,516,807
Interest paid (3,967,310) (1,740,145)
Drawdown of short-term bank loans 16,737,050 20,365,750
Income tax paid (15,878,101) (18,901,939)
Net cash (used in)/provided by from operating activities (37,496,686) 71,404,014
     
Cash flows from investing activities
Payments for fixed assets (1,964,211) (3,009,560)
Proceeds from disposal of fixed assets 21,047 63,949
Contributions by minority interests 18,470,452 -
Payment to minority interest for redemption of shares by a subsidiary (2,717,148) (2,782,822)
Dividends received from quoted securities 3,071,620 2,300,396
Dividend received from associated companies 5,839,666 20,205,262
Net cash provided by investing activities 22,721,426 16,777,225
 
Cash flows from financing activities
Dividends paid (43,482,541) (40,583,705)
Net cash used in financing activities (43,482,541) (40,583,705)
 
 
Net (decrease)/increase in cash and cash equivalents during the financial year
(58,257,801) 47,597,534
Cash and cash equivalents at beginning of the financial year 278,422,096 230,824,562
Cash and cash equivalents at end of the financial year 220,164,295 278,422,096
     









 

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