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Financials

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

   
  The Group The Group
2006 2005
$ $
Revenue 417,962,561 296,890,833
 
Foreign exchange gain 3,040,377 5,186,294
 
Gain on dilution of interest in subsidiary - 6,023,807
 
Realised gain on financial assets, available-for-sale 20,296,841 -
 
Commission expenses (83,577,819) (64,477,799)
 
Personnel expenses (124,662,941) (98,115,199)
 
Finance expense (13,907,355) (3,967,310)
 
Other operating expenses (52,214,349) (51,736,532)
 
Profit from operations 166,937,315 89,804,094
 
Share of results of associated companies after tax 984,104 2,811,897
 
Profit before tax 167,921,419 92,615,991
 
Income tax expense (28,869,212) (16,879,712)
 
Profit after tax 139,052,207 75,736,279
     
Attributable to:    
Equity holders of the Company 137,161,131 75,448,053
Minority interests 1,891,076 288,226
 
139,052,207 75,736,279
 
Earnings per share – basic and diluted (cents) 18.93 10.41
     
   
  The Group The Group
2006 2005
$ $
ASSETS
Current assets
Cash and cash equivalents 133,091,580 224,142,201
Outstanding contracts receivable 1,447,526,901 647,330,871
Trade receivables 1,038,906,331 561,279,537
Financial assets at fair value through profit or loss 9,001,174 2,321,243
Other current assets 34,599,252 13,671,273
Derivative financial instruments 11,117 477
2,663,136,355 1,448,745,602
Non-current assets
Loans to subsidiaries - -
Investments
– in subsidiaries - -
– in associated companies 14,270,932 37,916,698
Financial assets, available-for-sale 28,343,830 29,661,819
Trading rights in Exchanges 109,318 115,372
Memberships in Exchanges 26,350 26,118
Property, plant and equipment 4,146,080 6,315,000
Deferred income tax assets 35,854 35,029
46,932,364 74,070,036
Total assets 2,710,068,719 1,522,815,638
LIABILITIES
Current liabilities
Outstanding contracts payable 1,426,208,532 629,808,507
Trade and other payables 88,399,555 48,368,389
Financial liabilities at fair value through profit or loss 71,464 27,858
Borrowings 338,518,273 71,775,706
Current income tax liabilities 31,347,206 25,659,321
Derivative financial instruments 14,964 214,420
1,884,559,994 775,854,201
Non-current liabilities
Deferred income tax liabilities 723,808 798,717
723,808 798,717
Total liabilities 1,885,283,802 776,652,918
Net assets 824,784,917 746,162,720
EQUITY
Capital and reserves attributable to equity holders of the Company
Share capital 72,470,901 72,470,901
Reserves 21,169,979 247,244,629
Retained earnings 716,946,683 412,960,767
810,587,563 732,676,297
Minority interests 14,197,354 13,486,423
Total equity 824,784,917 746,162,720
Clients’ trust/segregated accounts
Bank balances
– with affiliated corporations 143,365,753 71,317,956
– with non-related banks 329,517,964 211,175,787
Margin with clearing house 5,414,513 5,857,733
Less: Amounts held in trust (478,298,230) (288,351,476)
  - -
     
   
  The Group The Group
2006 2005
$ $
Cash flows from operating activities
Profit before tax and after share of results of associated companies 167,921,419 92,615,991
Adjustments for:
Share of results of associated companies (984,104) (2,811,897)
Depreciation and amortisation expenses 3,674,940 7,794,575
Gain on dilution of interest in subsidiary - (6,023,807)
(Gain)/Loss on disposal of property, plant and equipment (25,111) 18,639
Realised gain on financial assets, available-for-sale (20,296,841) -
Dividend income from quoted securities (1,080,960) (3,071,620)
Allowance for impairment of investment in associated companies 1,000,000 -
Allowance for impairment of goodwill on acquisition of additional interest in subsidiary
360,714 -
Interest income (50,358,884) (28,870,752)
Interest expense 13,907,355 3,967,310
Exchange differences (2,331,154) (47,985)
Operating cash flow before working capital changes 111,787,374 63,570,454
 
Changes in operating assets and liabilities:
Financial assets/liabilities at fair value through profit or loss (6,636,325) 1,072,178
Debtors and outstanding contracts receivable (1,298,761,443) (337,297,883)
Due from associated companies - (73,189)
Creditors and outstanding contracts payable 836,231,735 209,469,363
Cash used in operations (357,378,659) (63,259,077)
     
Interest received 50,358,884 28,870,752
Interest paid (13,907,355) (3,967,310)
Drawdown of short-term bank loans 257,560,708 16,737,050
Income tax paid (22,952,798) (15,878,101)
Net cash used in operating activities (86,319,220) (37,496,686)
     
Cash flows from investing activities
Payments for property, plant and equipment (1,543,068) (1,964,211)
Proceeds from sale of financial assets, available-for-sale 22,995,965 -
Proceeds from disposal of property, plant and equipment 34,512 21,047
Proceeds from redemption of preference shares in associated company 10,000,000 -
Payment to minority interest for dividend (371,931) -
Payment to minority interest for additional interest in a subsidiary (1,710,163) -
Payment to minority interest for redemption of shares by a subsidiary - (2,717,148)
Contributions by minority interests - 18,470,452
Dividends received from quoted securities 1,080,960 3,071,620
Dividend received from associated companies 13,577,186 5,839,666
Net cash provided by investing activities 44,063,461 22,721,426
 
Cash flows from financing activities
Dividends paid (57,976,721) (43,482,541)
Net cash used in financing activities (57,976,721) (43,482,541)
     
Net decrease in cash and cash equivalents during the financial year (100,232,480) (58,257,801)
Cash and cash equivalents at beginning of the financial year 220,164,295 278,422,096
Cash and cash equivalents at end of the financial year 119,931,815 220,164,295
     









 

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