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Financials

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

   
The Group The Group
2007 2006
$ $
Revenue 780,360,006 417,962,561
     
Foreign exchange gain 11,790,553 3,040,377
     
Realised gain on financial assets, available-for-sale 27,485,295 20,296,841
     
Commission expenses (165,947,083) (83,577,819)
     
Personnel expenses (211,114,636) (124,662,941)
     
Finance expense (51,224,640) (13,907,355)
     
Other operating expenses (62,170,699) (52,214,349)
     
Profit from operations 329,178,796 166,937,315
     
Share of results of associated companies after tax 119,013 984,104
     
Profit before tax 329,297,809 167,921,419
     
Income tax expense (54,266,993) (28,869,212)
     
Profit after tax 275,030,816 139,052,207
 
Attributable to:
Equity holders of the Company 273,392,235 137,161,131
     
Minority interests 1,638,581 1,891,076
     
275,030,816 139,052,207
     
Earnings per share - basic and diluted (cents) 37.72 18.93
     
   
  The Group The Group
2007 2006
$ $
ASSETS
Current assets
Cash and cash equivalents 131,400,335 133,091,580
Outstanding contracts receivable 1,092,895,055 1,447,526,901
Trade receivables 2,005,061,796 1,038,906,331
Financial assets, at fair value through profit or loss 3,182,904 9,001,174
Other current assets 14,159,955 34,599,252
Derivative financial instruments 47,367 11,117
3,246,747,412 2,663,136,355
 
Non-current assets
Loans to subsidiaries  - -
Investments
- in subsidiaries - -
- in associated companies 860,250 14,270,932
Financial assets, available-for-sale 38,370,985 28,343,830
Trading rights in Exchanges 110,772 109,318
Memberships in Exchanges 23,793 26,350
Property, plant and equipment 5,360,187 4,146,080
Deferred income tax assets 46,755 35,854
44,772,742 46,932,364
Total assets 3,291,520,154 2,710,068,719
 
LIABILITIES
Current liabilities
Outstanding contracts payable 1,040,340,946 1,426,208,532
Trade and other payables 155,858,496 88,399,555
Financial liabilities, at fair value through profit or loss 33,550 71,464
Borrowings 1,065,562,068 338,518,273
Current income tax liabilities 53,018,372 31,347,206
Derivative financial instruments 67,801 14,964
2,314,881,233 1,884,559,994
 
Non-current liabilities
Deferred income tax liabilities 722,862 723,808
722,862 723,808
Total liabilities 2,315,604,095 1,885,283,802
   
Net assets 975,916,059 824,784,917
 
EQUITY
Capital and reserves attributable to equity holders of the Company
Share capital 72,470,901 72,470,901
Reserves 14,630,448 21,169,979
Retained earnings 874,137,428 716,946,683
961,238,777 810,587,563
Minority interests 14,677,282 14,197,354
Total Equity 975,916,059 824,784,917
 
Clients’ trust/segregated accounts
Bank balances 203,979,307 143,365,753
– with affiliated corporations 574,223,948 329,517,964
– with non-related banks 5,482,312 5,414,513
Margin with clearing house (783,685,567) -478,298,230
Less: Amounts held in trust - -
     
   
  The Group The Group
2007 2006
$ $
Cash flows from operating activities
Profit before tax and after share of results of associated companies 329,297,809 167,921,419
Adjustments for:
Share of results of associated companies (119,013) (984,104)
Depreciation expense 2,910,868 3,674,940
Gain on disposal of property, plant and equipment (49,959) (25,111)
Realised gain on financial assets, available-for-sale (27,485,295) (20,296,841)
Dividend income (1,292,696) (1,080,960)
Allowance for impairment of investment in associated companies - 1,000,000
Interest income (108,459,198) (50,358,884)
Interest expense 51,224,640 13,907,355
Exchange differences 2,925,210 (2,331,154)
Operating cash flow before working capital changes 248,952,366 111,426,660
 
Changes in operating assets and liabilities:
Financial assets/liabilities at fair value through profit or loss 5,780,356 (6,636,325)
Trade, outstanding contracts and other receivables (579,832,402) (1,298,761,443)
Trade, outstanding contracts and other payables (318,370,618) 836,231,735
Cash used in operations (643,470,298) (357,739,373)
 
Interest received 108,459,198 50,358,884
Interest paid (51,224,640) (13,907,355)
Drawdown of short-term bank loans 718,463,449 257,560,708
Income tax paid (32,911,233) (22,952,798)
 
Net cash provided by/(used in) operating activities 99,316,476 (86,679,934)
   
Cash flows from investing activities
Payments for property, plant and equipment (4,146,370) (1,543,068)
Payment for property, plant and equipment from acquisition of business (9,418) -
Proceeds from sale of financial assets, available-for-sale 28,255,294 22,995,965
Proceeds from disposal of property, plant and equipment 61,427 34,512
Proceeds from redemption of preference shares in associated company - 10,000,000
Proceeds from capital repayment in associated company 2,617,800 -
Payment to minority interest for dividend (339,798) (371,931)
Payment to minority interest for additional interest in a subsidiary (821,171) (1,349,449)
Payment for financial assets, available-for-sale (9,032,241) -
Acquisition of subsidiary, net of cash acquired 1,011,266 -
Dividends received from quoted/unquoted securities 1,292,696 1,080,960
Dividend received from associated companies - 13,577,186
Net cash provided by investing activities 18,889,485 44,424,175
 
Cash flows from financing activities
Dividends paid (115,880,971) (57,976,721)
Net cash used in financing activities (115,880,971) (57,976,721)
 
Net increase/(decrease) in cash and cash equivalents during the financial year 2,324,990 (100,232,480)
Cash and cash equivalents at beginning of the financial year 119,931,815 220,164,295
Cash and cash equivalents at end of the financial year 122,256,805 119,931,815
     









 

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