Issuer/ Manager | GP BATTERIES INTERNATIONAL LIMITED |
Securities | GP BATTERIES INT LTD - SG0964000491 - G08 |
Stapled Security | No |
Announcement Title | Financial Statements and Related Announcement |
Date & Time of Broadcast | 08-Feb-2017 18:21:14 |
Status | New |
Announcement Sub Title | Third Quarter Results |
Announcement Reference | SG170208OTHRDVU9 |
Submitted By (Co./ Ind. Name) | Kelly Kiar Lee Noi |
Designation | Company Secretary |
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format) | Third Quarter Financial Statement for the period ended 31 December 2016. |
Group income statement for the third quarter ("Q3") and nine‐month ("YTD") ended 31 December 2016. These figures have not been audited.
Q3 ended Q3 ended
YTD ended YTD ended
Note 31 Dec 2016 31 Dec 2015 Change 31 Dec 2016 31 Dec 2015 Change
S$'000 S$'000 %
Restated
S$'000
S$'000 %
Restated
Revenue
196,684
193,096
1.9 568,101 595,588
(4.6)
Cost of sales
(152,335) (146,705)
3.8 (442,103) (458,349) (3.5)
Gross profit
Other operating income & expenses
44,349
8,393
46,391 (4.4) 125,998 137,239
2,214 279.1 17,026 16,356
(8.2)
4.1
Distribution expenses Administrative expenses Finance co ts
(19,979)
(23,178)
(1,699)
(15,259) 30.9 (50,325) (52,526) (4.2)
(23,688) (2.2) (65,517) (66,867) (2.0)
(1,856) (8.5) (5,030) (5,080) (1.0)
Profit befo e share of results of associates
7,886
7,802
1.1 22,152 29,122
(23.9)
Share of results of associates
2,857 1,326 115.5 5,791 3,690
56.9
Profit befo e income tax
A 10,743
9,128 17.7 27,943 32,812
(14.8)
Income tax
B (3,583)
(4,918) (27.1) (10,936) (9,888) 10.6
Profit after income tax
Attributable to:
Equity holders of the Company
7,160
3,670
4,210 70.1 17,007 22,924
651 463.7 7,505 13,238
(25.8)
(43.3)
Non‐controlling interests
3,490 3,559 (1.9) 9,502 9,686
(1.9)
7,160
4,210 70.1 17,007 22,924
(25.8)
Gross profit margin
22.5%
24.0%
22.2% 23.0%
Certain comparative figures have been restated
Statement of Comprehensive IncomeQ3 ended | Q3 ended | YTD ended | YTD ended | |
31 Dec 2016 | 31 Dec 2015 | 31 Dec 2016 | 31 Dec 2015 | |
The Group | S$'000 | S$'000 | S$'000 | S$'000 |
Items that may be subsequently reclassified to Profit or Loss:
Translation differences arising from consolidation
of foreign operations 3,652 (7,902) (3,242) (13,968) Fair value gain (loss) on available‐for‐sale
financial assets | 94 | 331 | 124 | (627) |
Other comprehensive income (loss) for the period | 3,746 | (7,571) | (3,118) | (14,595) |
Total comprehensive income for the period | 10,906 | (3,361) | 13,889 | 8,329 |
Total comprehensive income for the period attributable to: | ||||
Equity holders of the Company | 4,908 | (5,527) | 3,033 | (750) |
Non‐controlling interests 5,998 2,166 10,856 9,079
10,906 (3,361) 13,889 8,329
Notes to the Income Statement | Q3 ended 31 Dec 2016 | Q3 ended 31 Dec 2015 | YTD ended 31 Dec 2016 | YTD ended 31 Dec 2015 |
(A) Profit before taxation is arrived at after | S$'000 | S$'000 | S$'000 | S$'000 |
crediting (charging) the following:
Depreciation | (5,124) | (4,060) | (13,656) | (14,930) |
Foreign exchange gain(i) | 8,656 | 1,063 | 12,588 | 9,887 |
Gain on disposal of property, plant and equipment, net (i) | 82 | 39 | 3,182 | 4,090 |
Government grant (i) | 1,054 | 495 | 1,737 | 1,659 |
(B) Income tax is inclusive of:
Over/(under) provision in respect of prior years' taxation 46 150 669 1,326
(i) Included in other operating income/other operating expenses in the consolidated statement of profit or loss
1(b)(i) A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year.Note | The Group The Compa ny 31 Dec 2016 31 Ma r 2016 31 Dec 2016 31 Ma r 2016 | |
S$'000 S$'000 S$'000 S$'000 | ||
Non‐current assets | ||
Investment property | 1,740 1,672 0 0 | |
Prope rty, plant & equipment | A | 207,374 194,039 4,706 1,142 |
Interest in subsidiaries | 0 0 327,450 336,614 | |
Interest in associ ates | 51,866 46,329 16,382 16,382 | |
Available‐for‐sales investments | 6,339 5,777 0 0 | |
Deferred ta x asse ts | 4,090 3,729 0 0 | |
Goodwill on consolidation | 12,409 11,548 0 0 | |
Deposits and prepayments | 1,214 3,095 1,214 3,046 | |
Total non‐curre nt asse ts | 285,032 266,189 349,752 357,184 | |
Current assets | ||
Stocks | B | 107,767 110,353 0 0 |
Debtors | C | 134,144 123,485 110,658 100,048 |
Tax recoverable | 1,208 754 0 0 | |
Deposits and prepayments | 12,729 10,904 2,146 1,985 | |
Bank balances and ca sh | D | 134,211 110,978 6,274 6,797 |
390,059 356,474 119,078 108,830 | ||
Assets held for sale | G | 1,150 0 0 0 |
Total current assets | 391,209 356,474 119,078 108,830 | |
Current liabilities | ||
Credi tors and accrued cha rges | E | 174,667 143,653 106,440 100,410 |
Derivative financial instruments | 0 497 0 0 | |
Obligations under finance leases | 93 113 0 0 | |
Income ta x payable | 2,557 2,108 138 147 | |
Bank loans and overdrafts | F | 149,988 118,142 89,727 69,336 |
Total current l iabilities | 327,305 264,513 196,305 169,893 | |
Net current assets (liabilities) | 63,904 91,961 (77,227) (61,063) | |
Non‐current liabilities | ||
Bank loans | F | 30,112 43,315 29,684 43,315 |
Obligations under finance leases | 47 79 0 0 | |
Deferred ta x l iabilities | 2,755 2,208 0 0 | |
Total non‐curre nt l iabili ti es | 32,914 45,602 29,684 43,315 | |
Net asse ts | 316,022 312,548 242,841 252,806 | |
Represented by: | ||
Issued ca pi ta l | 257,400 257,400 257,400 257,400 | |
Treasury shares | (6,088) (6,084) (6,088) (6,084) | |
Reserves | (19,557) (19,428) (8,471) 1,490 | |
Attributable to equity holders of the Company | 231,755 231,888 242,841 252,806 | |
Non‐controlling inte rests | 84,267 80,660 0 0 | |
316,022 312,548 242,841 252,806 |
GP Batteries International Ltd. published this content on 08 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 February 2017 15:36:09 UTC.
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