(Company Registration No. 200102393E) (Incorporated in the Republic of Singapore)
UNAUDITED FINANCIAL STATEMENTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 NOVEMBER 20161
DUTY FREE INTERNATIONAL LIMITED(Company Registration No. 200102393E) (Incorporated in the Republic of Singapore)
Part 1 - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1,Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS
1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year
Consolidated Income Statement Group Group Third quarter ended 30 November Nine months ended 30 November Restated Restated 2016 2015 Increase/ 2016 2015 Increase/ (Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) Note RM '000 RM '000 % RM '000 RM '000 %Revenue | 132,978 | 152,894 | -13.0% | 482,565 | 442,538 | 9.0% | |
Changes in inventories | 361 | 49,391 | -99.3% | (59,138) | 83,258 | n.m | |
Inventories purchased and material consumed | (87,812) | (150,872) | -41.8% | (273,663) | (385,507) | -29.0% | |
Other operating income | 1(a)(ii) | 11,972 | 2,742 | 336.6% | 18,724 | 8,304 | 125.5% |
Employee benefits expenses | (9,350) | (8,274) | 13.0% | (28,428) | (24,679) | 15.2% | |
Rental of premises | (11,833) | (11,366) | 4.1% | (34,937) | (30,947) | 12.9% | |
Utilities and maintenance expenses | (1,652) | (1,359) | 21.6% | (4,389) | (3,972) | 10.5% | |
Depreciation and amortisation | (1,435) | (1,229) | 16.8% | (4,157) | (3,639) | 14.2% | |
Commission expenses | (530) | (593) | -10.6% | (1,722) | (1,661) | 3.7% | |
Professional fees | (602) | (695) | -13.4% | (1,131) | (2,696) | -58.0% | |
Promotional expenses | (381) | (328) | 16.2% | (1,051) | (1,029) | 2.1% | |
Financial expenses | (195) | (631) | -69.1% | (1,216) | (1,862) | -34.7% | |
Other operating expenses | 1(a)(iii) | (5,270) | (8,028) | -34.4% | (18,706) | (22,279) | -16.0% |
Profit before income tax | 26,251 | 21,652 | 21.2% | 72,751 | 55,829 | 30.3% | |
Income tax expenses | 1(a)(iv) | (3,992) | (4,903) | -18.6% | (15,239) | (15,104) | 0.9% |
Profit for the period | 22,259 | 16,749 | 32.9% | 57,512 | 40,725 | 41.2% | |
Profit attributable to: | |||||||
Owners of the Company | 21,231 | 16,772 | 26.6% | 54,915 | 40,794 | 34.6% | |
Non-controlling interests | 1,028 | (23) | n.m | 2,597 | (69) | n.m | |
22,259 | 16,749 | 32.9% | 57,512 | 40,725 | 41.2% |
n.m - denotes not meaningful
1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year (cont'd)
Consolidated Statement of Comprehensive Income Group Group Third quarter ended 30 November Nine months ended 30 November Restated Restated 2016 2015 Increase/ 2016 2015 Increase/ (Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) RM '000 RM '000 % RM '000 RM '000 %Profit for the period 22,259 16,749 32.9% 57,512 40,725 41.2%
Other comprehensive income:Foreign currency translation - - - - - -
Total comprehensive income for the period/year 22,259 16,749 32.9% 57,512 40,725 41.2% Total comprehensive income attributable to:Owners of the Company 21,231 16,772 26.6% 54,915 40,794 34.6%
Non-controlling interests 1,028 (23) n.m 2,597 (69) n.m
22,259 16,749 32.9% 57,512 40,725 41.2%
n.m - denotes not meaningful
1(a)(ii) Other operating incomeOther operating income includes:-
Group Group Third quarter ended 30 November Nine months ended 30 November 2016 2015 Increase/ 2016 2015 Increase/ (Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) RM '000 RM '000 % RM '000 RM '000 %Rental income from: | ||||||
- advertisement space | 407 | 948 | -57.1% | 1,911 | 2,875 | -33.5% |
- property, plant and equipment | 144 | 177 | -18.6% | 434 | 470 | -7.7% |
Commission income | 21 | 20 | 5.0% | 296 | 172 | 72.1% |
Incentive income | 46 | 51 | -9.8% | 174 | 165 | 5.5% |
Interest income | 1,381 | 1,077 | 28.2% | 3,774 | 3,295 | 14.5% |
Loss on disposal of property, plant and equipment | - | (1) | -100.0% | - | (6) | -100.0% |
Reversal of impairment losses for: | ||||||
- property, plant and equipment | - | 228 | -100.0% | - | 607 | -100.0% |
- land use rights | - | 40 | -100.0% | - | 118 | -100.0% |
Net foreign exchange gain | 9,572 | - | n.m | 11,423 | - | n.m |
Other operating expenses is arrived at after charging/(crediting) the following:-
Group Third quarter ended 30 November 2016 2015 (Unaudited) (Unaudited) RM '000 RM '000 | Increase/ (Decrease) % | Group Nine months ended 30 November 2016 2015 (Unaudited) (Unaudited) RM '000 RM '000 | Increase/ (Decrease) % | |
Assessment and quit rent | 203 270 | -24.8% | 722 729 | -1.0% |
Auditors' remuneration | 305 290 | 5.2% | 1,042 739 | 41.0% |
Bad debts written off | - - | 0.0% | - 8 | -100.0% |
Bank charges | 491 462 | 6.3% | 1,433 1,093 | 31.1% |
Donations | 93 523 | -82.2% | 1,121 548 | 104.6% |
Insurance | 539 355 | 51.8% | 1,691 1,293 | 30.8% |
Inventory written down | 113 - | n.m | 360 - | n.m |
Inventory written off | 18 20 | -10.0% | 61 56 | 8.9% |
Management fee | 779 500 | 55.8% | 2,142 1,500 | 42.8% |
Net foreign exchange loss | - 2,180 | -100.0% | - 6,678 | -100.0% |
Packing materials | 230 222 | 3.6% | 655 592 | 10.6% |
Property, plant and equipment written off | 23 47 | -51.1% | 36 79 | -54.4% |
Transportation costs | 794 1,543 | -48.5% | 3,830 3,902 | -1.8% |
Travelling expenses | 237 197 | 20.3% | 834 648 | 28.7% |
Provision/(reversal) of inventories written down | 24 (202) | n.m | (244) (202) | 20.8% |
n.m - denotes not meaningful
Duty Free International Limited published this content on 12 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 January 2017 09:20:10 UTC.
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