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Financials

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

   
Group Group
2008 2007
$ $
Revenue 371,758,685 780,360,006
 
Foreign exchange gain 2,387,822 11,790,553
 
Realised gain on financial assets, available-for-sale 4,252,069 27,485,295
 
Commission expense (69,378,309) (165,947,083)
 
Staff costs (106,473,994) (211,114,636)
 
Finance expense (13,843,898) (51,224,640)
 
Other operating expenses (64,050,595) (62,170,699)
 
Profit from operations 124,651,780 329,178,796
 
Share of results of associates - 119,013
 
Profit before income tax 124,651,780 329,297,809
 
Income tax expense (15,135,325) (54,266,993)
 
Profit for the year 109,516,455 275,030,816
 
Attributable to:
Equity holders of the Company 108,744,804 273,392,235
Minority interests 771,651 1,638,581
109,516,455 275,030,816
     
Earnings per share - basic and diluted (cents) 15.01 37.72
     
   
  Group Group
2008 2007
$ $
ASSETS
Current assets
Cash and cash equivalents 709,492,873 134,541,699
Outstanding contracts receivable 402,696,244 1,092,895,055
Trade receivables 664,305,871 2,005,061,796
Financial assets, at fair value through profit or loss 1,843,735 3,182,904
Other current assets 19,996,087 14,159,955
Derivative financial instruments 4,559 47,367
1,798,339,369 3,249,888,776
 
Non-current assets
Trade receivables   16,194,375 -
Loan to a subsidiary  - -
Investments:
- in subsidiaries - -
- in associates 108,793 860,250
Financial assets, available-for-sale 18,405,506 38,370,985
Trading rights in Exchanges 104,382 110,772
Memberships in Exchanges 227,555 23,793
Property, plant and equipment 43,359,117 5,360,187
Deferred tax assets 303,920 46,755
78,703,648 44,772,742
Total assets 1,877,043,017 3,294,661,518
 
LIABILITIES
Current liabilities
Outstanding contracts payable 357,960,744 1,040,340,946
Trade and other payables 227,954,397 158,999,860
Financial liabilities, at fair value through profit or loss - 33,550
Borrowings 305,982,777 1,065,562,068
Income tax payable 14,383,154 53,018,372
Derivative financial instruments 1,593 67,801
906,282,665 2,318,022,597
 
Non-current liabilities
Deferred tax liabilities 437,378 722,862
Total liabilities 906,720,043 2,318,745,459
 
EQUITY
Capital reserves and minority interests
Share capital 72,470,901 72,470,901
Reserves (8,673,677) 14,630,448
Retained earnings 893,090,787 874,137,428
Equity attributable to equity holders of the Company 956,888,011 961,238,777
Minority interests 13,434,963 14,677,282
Total equity 970,322,974 975,916,059
Total liabilities and equity 1,877,043,017 3,294,661,518
 
Clients’ trust/segregated accounts
Bank balances
– with related parties 133,655,881 200,837,943
– with non-related banks 375,082,977 574,223,948
Margin with clearing house 8,406,472 5,482,312
Less: Amounts held in trust (517,145,330) (780,544,203)
- -
     
   
Group Group
2008 2007
$ $
Operating activities
Profit before income tax 124,651,780 329,297,809
Adjustments for:
Share of results of associates - (119,013)
Depreciation expense 2,474,145 2,910,868
Gain on disposal of property, plant and equipment (15,666) (49,959)
Realised gain on financial assets, available-for-sale (4,252,069) (27,485,295)
Dividend income (1,160,973) (1,292,696)
(Write back of) allowance for trade receivables (205,060) 551,015
Allowance for impairment in financial assets, available-for-sale 2,671,040 -
Interest income (70,046,977) (108,459,198)
Interest expense 13,843,898 51,224,640
Exchange differences (4,255,336) 2,925,210
Operating cash flows before movements in working capital 63,704,782 249,503,381
 
Changes in operating assets and liabilities:
Financial assets/liabilities, at fair value through profit or loss 1,305,619 5,780,356
Trade, outstanding contracts and other receivables 2,008,969,121 (580,383,417)
Trade, outstanding contracts and other payables (613,491,873) (315,229,254)
Cash from (used in) operations 1,460,487,649 (640,328,934)
Interest received 70,046,977 108,459,198
Interest paid (13,843,898) (51,224,640)
Income tax paid (53,428,553) (32,911,233)
Net cash provided by (used in) operating activities 1,463,262,175 (616,005,609)
   
Investing activities
Payments for property, plant and equipment (40,599,082) (4,146,370)
Payment for property, plant and equipment from acquisition of business
- (9,418)
Proceeds from disposal of financial assets, available-for-sale 4,650,607 28,255,294
Proceeds from disposal of property, plant and equipment 23,385 61,427
Proceeds from capital repayment in associates 1,031,483 2,617,800
Payment to minority interests for dividend (268,050) (339,798)
Payment to minority interest for additional interest in a subsidiary (1,492,059) (821,171)
Payment for financial assets, available-for-sale (3,447,522) (9,032,241)
Acquisition of subsidiary, net of cash acquired - 1,011,266
Dividends received from quoted/unquoted securities 1,160,973 1,292,696
Net cash (used in) from investing activities (38,940,265) 18,889,485
     
Financing activities
(Repayment)Drawdown of short-term bank loans (751,204,867) 718,463,449
Dividends paid (89,791,445) (115,880,971)
Net cash (used in) from financing activities (840,996,312) 602,582,478
Net increase in cash and cash equivalents during the year 583,325,598 5,466,354
Cash and cash equivalents at beginning of the year 125,398,169 119,931,815
Cash and cash equivalents at end of the year 708,723,767 125,398,169
     









 

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