46
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
for the financial year ended 31 December 2014
Note
2014
2013
$’000
$’000
Revenue
4
187,850
266,046
Cost of sales
(176,595)
(249,917)
Gross profit
11,255
16,129
Other operating income
5
5,562
4,977
Selling and distribution costs
(1,721)
(2,706)
Administrative expenses
(10,477)
(11,552)
Other operating expenses
7
(25,308)
(10,747)
Finance costs
6
(851)
(1,727)
Share of associate profits
4,606
8,830
(Loss)/profit before income tax
7
(16,934)
3,204
Income tax credit
8
183
55
Net (loss)/profit for the year
(16,751)
3,259
Other comprehensive income:
Items that may be reclassified subsequently to profit or loss:
Foreign currency translation
61
58
Share of other comprehensive income of associates
(103)
167
Other comprehensive income for the year, net of tax
(42)
225
Total comprehensive income for the year
(16,793)
3,484
(Loss)/profit attributable to:
Owners of the Company
(16,090)
3,410
Non-controlling interests
(661)
(151)
(16,751)
3,259
Total comprehensive income attributable to:
Owners of the Company
(16,132)
3,659
Non-controlling interests
(661)
(175)
(16,793)
3,484
Earnings per share:
Basic (cents)
9
(1.46)
0.32
Diluted (cents)
9
(1.46)
0.32
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
