Note
2015
2014
$’000
$’000
Revenue
4
127,869
187,850
Cost of sales
(122,848)
(176,595)
Gross profit
5,021
11,255
Other operating income
5
8,923
5,562
Selling and distribution costs
(816)
(1,721)
Administrative expenses
(9,284)
(10,477)
Other operating expenses
(12,277)
(25,308)
Finance costs
6
(239)
(851)
Share of associates results
3,036
4,606
Loss before income tax
7
(5,636)
(16,934)
Income tax (expense)/credit
8
(12)
183
Net loss for the year
(5,648)
(16,751)
Other comprehensive income:
Items that may be reclassified subsequently to profit or loss:
Foreign currency translation
(23)
61
Share of other comprehensive income of associates
(281)
(103)
Other comprehensive income for the year, net of tax
(304)
(42)
Total comprehensive income for the year
(5,952)
(16,793)
Loss attributable to:
Owners of the Company
(5,455)
(16,090)
Non-controlling interests
(193)
(661)
(5,648)
(16,751)
Total comprehensive income attributable to:
Owners of the Company
(5,712)
(16,132)
Non-controlling interests
(240)
(661)
(5,952)
(16,793)
Earnings per share:
Basic (cents)
9
(0.43)
(1.46)
Diluted (cents)
9
(0.43)
(1.46)
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
46
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
For the financial year ended 31 December 2015
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
