MIRA INFORM REPORT
|
Report Date : |
04.08.2011 |
|
|
|
|
Tel. No.: |
006566729292/00656672 92 93 |
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Fax No.: |
006568614084 |
IDENTIFICATION DETAILS
|
Name : |
TAI SIN ELECTRIC LIMITED |
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|
|
|
Registered Office : |
24 Gul Crescent, Jurong Town, Singapore, 629531 |
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Country : |
Singapore |
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Financials (as on) : |
30.06.2010 |
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Year of Establishment : |
1980 |
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Com. Reg. No.: |
198000057W |
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Legal Form : |
Public Parent Company |
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|
Line of Business : |
supply of electrical and control products, devices
and accessories to a range of industries |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
7000000 USD |
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|
|
|
Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Singapore |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Tai Sin Electric Limited
24 Gul Crescent
Jurong Town
Singapore, 629531
Singapore
Tel: 65 6861 3401
Fax: 65--68614084
Web: www.taisin.com.sg
Synthesis
Employees: 413
Company Type: Public Parent
Corporate Family: 6
Companies
Traded: Singapore Exchange
Securities
Trading: 500
Incorporation Date: 1980
Auditor: Deloitte & Touche LLP
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2010
Reporting Currency:
Singapore Dollar
Annual Sales: 142.4 1
Net Income: 5.7
Total Assets: 114.3 2
Market Value: 58.0
(22-Jul-2011)
Business Description
Tai Sin Electric
Limited is a Singapore-based company engaged in the supply of electrical and
control products, devices and accessories to a range of industries. The
Company’s business comprises both manufacturing and distribution. Tai Sin
Electric operates within five segments: cable and wire, switchboard, lamp and
lighting products, Electrical Material Distribution (EMD), and other
operations. The Company’s portfolio of cables and wires comprises power,
control & instrumentation cables, low voltage cables, fire resistant &
flame retardant cables, offshore & marine cables as well as a range of
customized cables. As of June 30, 2010, the Company has operations in New
Zealand and the Middle East, complementing its regional coverage which includes
Malaysia, Vietnam and Brunei. For the Six months ended 31 December 2010, Tai
Sin Electric Limited's revenues increased 25% to SP$119.9M. Net income decrease
23% to SP$5.2M. Revenues reflect an increase in sales from Company's products
& services. Net income was offset by an increase in cost of sales, higher
selling & distribution expenses, increased administrative expense, an
increase in finance cost and lower other operating income.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2149 - Other Basic
Non-Ferrous Metal Product Manufacturing
NACE 2002: 2745 - Other
non-ferrous metal production
NAICS 2002: 331422 - Copper
Wire (except Mechanical) Drawing
UK SIC 2003: 2745 - Other
non-ferrous metal production
US SIC 1987: 3357 - Drawing and
Insulating of Nonferrous Wire
Key Executives
|
Name |
Title |
|
Chai Woon Chang |
Executive Director of PKS Sdn Bhd |
|
Tan Leng Fong Low Nee |
Company Secretary |
|
Lian Eng Lim |
Senior Manager - Group Information
Technology |
|
Boon Hock Lim |
Chief Operating Officer, Executive
Director |
|
Yew Choy Pang |
Country Director - Vietnam |
|
Topic |
#* |
Most Recent Headline |
Date |
|
Dividends |
4 |
Tai Sin Electric Limited Does Not Declare Dividend |
6-May-2011 |
* number of significant developments within the last 12 months
News
|
Title |
Date |
|
Company
Briefs |
23-Jan-2009 |
|
Japan
Land's finance chief leaves for other opportunities |
3-Oct-2008 |
|
Bucking the
trend at The Pier |
8-Sep-2008 |
|
Price
support underlies many insider purchases |
8-Sep-2008 |
|
A quantum
of solace |
8-Sep-2008 |
Financial Summary
As of 31-Mar-2011
|
Key Ratios |
Company |
Industry |
|
Current Ratio (MRQ) |
2.16 |
3.07 |
|
Quick Ratio (MRQ) |
1.20 |
2.60 |
|
Debt to Equity (MRQ) |
0.36 |
0.27 |
|
Sales 5 Year Growth |
8.33 |
14.13 |
|
Net Profit Margin (TTM) % |
3.31 |
17.97 |
|
Return on Assets (TTM) % |
4.81 |
7.97 |
|
Return on Equity (TTM) % |
7.46 |
14.12 |
Stock Snapshot
|
Registered No.(Asia): 198000057W
1 - Profit & Loss Item Exchange Rate: USD 1 = SGD 1.407096
2 - Balance Sheet Item Exchange Rate: USD 1 = SGD 1.3961
Stock quotes provided by Quote.com (security prices are at least 15 min.
delayed)
Published by OneSource Information Services, Inc., 2011
Corporate Overview
Location
24 Gul Crescent
Jurong Town
Singapore, 629531
Singapore
Tel: 65 6861 3401
Fax: 65--68614084
Web: www.taisin.com.sg
Quote Symbol – Exchange 500
- Singapore Exchange Securities Trading
Sales SGD(mil): 200.4
Assets SGD(mil): 159.6
Employees: 413
Fiscal Year End: 30-Jun-2010
Industry: Miscellaneous Fabricated
Products
Incorporation Date: 1980
Company Type: Public Parent
Quoted Status: Quoted
Previous Name: Tai Sin Electric Cables
Manufacturer Limited
Registered No.(Asia): 198000057W
Executive Director
of PKS Sdn Bhd: Chai Woon Chang
Company Web Links
· Company Contact/E-mail
· Corporate History/Profile
· Executives
· Financial Information
· Home Page
· Investor Relations
· News Releases
· Products/Services
Contents
· Industry Codes
· Business Description
· Financial Data
· Market Data
· Shareholders
· Subsidiaries
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2432 - Electric Lighting Equipment Manufacturing
2149 - Other Basic Non-Ferrous Metal Product Manufacturing
2293 - Metal Coating and Finishing
2439 - Other Electrical Equipment Manufacturing
NACE 2002 Codes:
3150 - Manufacture of lighting equipment and electric lamps
3162 - Manufacture of other electrical equipment not elsewhere
classified
2745 - Other non-ferrous metal production
3120 - Manufacture of electricity distribution and control
apparatus
2875 - Manufacture of other fabricated metal products not
elsewhere classified
NAICS 2002 Codes:
331422 - Copper Wire (except Mechanical) Drawing
335313 - Switchgear and Switchboard Apparatus Manufacturing
335122 - Commercial, Industrial, and Institutional Electric Lighting
Fixture Manufacturing
332998 - Enameled Iron and Metal Sanitary Ware Manufacturing
335999 - All Other Miscellaneous Electrical Equipment and Component
Manufacturing
US SIC 1987:
3699 - Electrical Machinery, Equipment, and Supplies, Not
Elsewhere Classified
3431 - Enameled Iron and Metal Sanitary Ware
3646 - Commercial, Industrial, and Institutional Electric Lighting
Fixtures
3357 - Drawing and Insulating of Nonferrous Wire
3613 - Switchgear and Switchboard Apparatus
UK SIC 2003:
3150 - Manufacture of lighting equipment and electric lamps
2875 - Manufacture of other fabricated metal products not
elsewhere classified
3120 - Manufacture of electricity distribution and control
apparatus
2745 - Other non-ferrous metal production
3162 - Manufacture of other electrical equipment not elsewhere
classified
Business
Description
Tai Sin Electric
Limited is a Singapore-based company engaged in the supply of electrical and
control products, devices and accessories to a range of industries. The
Company’s business comprises both manufacturing and distribution. Tai Sin
Electric operates within five segments: cable and wire, switchboard, lamp and
lighting products, Electrical Material Distribution (EMD), and other
operations. The Company’s portfolio of cables and wires comprises power,
control & instrumentation cables, low voltage cables, fire resistant &
flame retardant cables, offshore & marine cables as well as a range of
customized cables. As of June 30, 2010, the Company has operations in New
Zealand and the Middle East, complementing its regional coverage which includes
Malaysia, Vietnam and Brunei. For the Six months ended 31 December 2010, Tai
Sin Electric Limited's revenues increased 25% to SP$119.9M. Net income decrease
23% to SP$5.2M. Revenues reflect an increase in sales from Company's products
& services. Net income was offset by an increase in cost of sales, higher
selling & distribution expenses, increased administrative expense, an
increase in finance cost and lower other operating income.
More Business Descriptions
Cable and wire
manufacturer, dealer and distributor of electrical products, and investment
holding.
Manufacture of
cables and wires; electrical distribution, lamps manufacturing, assembly of
switchboards and supply of sanitary wares
Establishments
primarily engaged in manufacturing miscellaneous fabricated products, including
beauty shop and barber shop equipment; hair work; tobacco pipes and cigarette
holders; coin-operated amusement machines; matches; candles; lamp shades;
feathers; artificial trees and flowers made from all materials, except glass;
dressed and dyed furs; umbrellas, parasols, and canes; and other articles, not
elsewhere classified.
Communication and
Energy Wire and Cable Manufacturing
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Corporate
Family |
Corporate
Structure News: |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Singapore |
Singapore |
Miscellaneous Fabricated Products |
142.4 |
413 |
|
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
60.2 |
135 |
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|
Subsidiary |
Christchurch |
New Zealand |
Electronic Instruments and Controls |
14.7 |
28 |
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|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
|
8 |
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|
Subsidiary |
Senai, Johor |
Malaysia |
Miscellaneous Fabricated Products |
11.2 |
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Subsidiary |
Negara |
Brunei Darussalam |
Electronic Instruments and Controls |
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Executives Report
|
Board of
Directors |
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Chairman |
Chairman |
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Chairman |
Chairman |
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Non-Executive Independent Chairman of the Board |
Chairman |
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Director |
Director/Board Member |
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Managing Director, Executive Director |
Director/Board Member |
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Chief Operating Officer, Executive
Director |
Director/Board Member |
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Independent Non-Executive Director |
Director/Board Member |
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Independent Non-Executive Director |
Director/Board Member |
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Executives |
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Executive Director of PKS Sdn Bhd |
Chief Executive Officer |
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Executive Director and General Manager of PKS Sdn Bhd. |
Chief Executive Officer |
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Executive Director, General Manager of Lim Kim Hai Electric Co (S) Pte
Ltd |
Chief Executive Officer |
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Senior Manager - Group Information
Technology |
Division Head Executive |
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General Manager of Tai Sin Electric Cables
(Malaysia) Sdn Bhd. |
Division Head Executive |
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Chairman of Lim Kim Hai Electric Co (S)
Pte Ltd |
Division Head Executive |
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General Manager - Group Manufacturing
(Cable Division) |
Division Head Executive |
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Chief Executive Officer - Vynco Industries (NZ) Limited |
Division Head Executive |
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Managing Director of Lim Kim Hai Electric Co (S) Pte Ltd |
Managing Director |
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Managing Director |
Managing Director |
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Managing Director, Executive Director |
Managing Director |
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Chief Operating Officer |
Operations Executive |
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Chief Operating Officer, Executive Director |
Operations Executive |
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Company Secretary |
Company Secretary |
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Company Secretary |
Company Secretary |
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Finance Manager |
Finance Executive |
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Country Director - Vietnam |
Other |
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Significant Developments
Tai Sin Electric Limited Does Not Declare Dividend
May 06, 2011
Tai Sin Electric
Limited announced that no dividend has been declared for the current financial
period ended March 31, 2011.
Tai Sin Electric
Limited Declares Interim Dividend
Feb 10, 2011
Tai Sin Electric
Limited announced that the interim exempt one-tier dividend of SGD0.0060 per
ordinary share will be paid on March 18, 2011.
Tai Sin Electric
Limited Does Not Recommend Dividend
Nov 08, 2010
Tai Sin Electric
Limited announced that no dividend has been declared for the quarter ended
September 30, 2010.
Tai Sin Electric
Limited Declares Final Cash Dividend
Aug 26, 2010
Tai Sin Electric
Limited announced that the Directors has declared a final cash dividend of
GBP0.01 per ordinary share (previous year: GBP0.005 per ordinary share). The
dividend payment date will be announced later.
Annual Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
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Net Sales |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
|
Revenue |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
|
Total Revenue |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
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Cost of Revenue |
117.8 |
110.0 |
135.2 |
111.5 |
84.8 |
|
Cost of Revenue, Total |
117.8 |
110.0 |
135.2 |
111.5 |
84.8 |
|
Gross Profit |
24.6 |
22.4 |
43.6 |
38.7 |
26.7 |
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Selling/General/Administrative Expense |
16.9 |
15.7 |
0.0 |
- |
- |
|
Labor & Related Expense |
- |
- |
15.3 |
12.4 |
10.4 |
|
Total Selling/General/Administrative Expenses |
16.9 |
15.7 |
15.3 |
12.4 |
10.4 |
|
Depreciation |
- |
- |
1.9 |
1.9 |
1.8 |
|
Depreciation/Amortization |
- |
- |
1.9 |
1.9 |
1.8 |
|
Interest Income -
Operating |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Investment Income -
Operating |
0.0 |
0.0 |
-0.4 |
-0.1 |
- |
|
Interest/Investment Income - Operating |
0.0 |
0.0 |
-0.4 |
-0.1 |
- |
|
Interest Expense (Income) - Net Operating Total |
0.0 |
0.0 |
-0.4 |
-0.1 |
- |
|
Loss (Gain) on Sale of Assets - Operating |
0.0 |
-1.1 |
0.0 |
0.0 |
- |
|
Unusual Expense (Income) |
0.0 |
-1.1 |
0.0 |
0.0 |
- |
|
Other Operating Expense |
0.4 |
0.7 |
7.1 |
6.7 |
5.5 |
|
Other, Net |
-0.6 |
-0.9 |
-0.3 |
-0.2 |
-0.5 |
|
Other Operating Expenses, Total |
-0.2 |
-0.2 |
6.7 |
6.5 |
5.0 |
|
Total Operating Expense |
134.5 |
124.4 |
158.7 |
132.3 |
101.9 |
|
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|
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|
Operating Income |
7.9 |
8.1 |
20.1 |
18.0 |
9.5 |
|
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|
|
|
|
Interest Expense -
Non-Operating |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Interest Expense, Net Non-Operating |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Investment Income -
Non-Operating |
0.2 |
0.3 |
- |
- |
- |
|
Interest/Investment Income - Non-Operating |
0.2 |
0.3 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.4 |
-0.5 |
-1.1 |
-1.1 |
-0.8 |
|
Income Before Tax |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Income After Tax |
5.8 |
6.3 |
15.6 |
13.5 |
6.9 |
|
|
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|
|
|
|
|
Minority Interest |
-0.2 |
0.1 |
0.0 |
-0.1 |
-0.1 |
|
Net Income Before Extraord Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
339.8 |
|
Basic EPS Excl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Basic/Primary EPS Incl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Diluted Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
342.1 |
|
Diluted EPS Excl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Diluted EPS Incl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Dividends per Share - Common Stock Primary Issue |
0.01 |
0.01 |
0.01 |
0.06 |
0.00 |
|
Gross Dividends - Common Stock |
4.8 |
4.0 |
5.4 |
- |
1.2 |
|
Interest Expense, Supplemental |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Depreciation, Supplemental |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Total Special Items |
0.0 |
-0.8 |
0.0 |
0.0 |
- |
|
Normalized Income Before Tax |
7.6 |
6.8 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
-0.1 |
0.0 |
0.0 |
- |
|
Inc Tax Ex Impact of Sp Items |
1.7 |
1.1 |
3.4 |
3.4 |
1.9 |
|
Normalized Income After Tax |
5.8 |
5.7 |
15.6 |
13.5 |
6.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.7 |
5.8 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Diluted Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental Expenses |
0.5 |
0.4 |
0.6 |
0.7 |
0.5 |
|
Normalized EBIT |
7.9 |
7.3 |
19.7 |
17.9 |
9.5 |
|
Normalized EBITDA |
9.9 |
9.0 |
21.6 |
19.8 |
11.3 |
|
Current Tax - Total |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Current Tax - Total |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Other Tax |
0.2 |
0.0 |
-0.2 |
0.0 |
-0.1 |
|
Income Tax - Total |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Defined Contribution Expense - Domestic |
- |
- |
1.0 |
0.8 |
- |
|
Total Pension Expense |
- |
- |
1.0 |
0.8 |
- |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate |
1.3961 |
1.44735 |
1.35865 |
1.52945 |
1.58135 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
10.3 |
11.5 |
9.3 |
3.3 |
4.3 |
|
Short Term Investments |
0.7 |
1.1 |
0.7 |
0.0 |
- |
|
Cash and Short Term Investments |
11.1 |
12.5 |
10.0 |
3.4 |
4.3 |
|
Accounts Receivable -
Trade, Gross |
41.6 |
30.6 |
53.3 |
47.2 |
35.6 |
|
Provision for Doubtful
Accounts |
-0.8 |
-0.9 |
-1.3 |
-1.0 |
-0.9 |
|
Trade Accounts Receivable - Net |
41.4 |
32.4 |
51.9 |
46.2 |
34.7 |
|
Other Receivables |
0.5 |
0.3 |
0.5 |
0.5 |
- |
|
Total Receivables, Net |
41.8 |
32.6 |
52.5 |
46.7 |
34.7 |
|
Inventories - Finished Goods |
27.8 |
20.1 |
31.9 |
24.3 |
14.2 |
|
Inventories - Work In Progress |
4.7 |
3.4 |
7.2 |
6.6 |
3.3 |
|
Inventories - Raw Materials |
7.0 |
1.9 |
8.5 |
2.2 |
3.2 |
|
Total Inventory |
39.5 |
25.3 |
47.6 |
33.0 |
20.8 |
|
Prepaid Expenses |
0.3 |
0.3 |
0.3 |
0.2 |
0.6 |
|
Other Current Assets |
0.1 |
0.1 |
0.1 |
0.0 |
0.2 |
|
Other Current Assets, Total |
0.1 |
0.1 |
0.1 |
0.0 |
0.2 |
|
Total Current Assets |
92.8 |
70.8 |
110.4 |
83.3 |
60.6 |
|
|
|
|
|
|
|
|
Buildings |
1.6 |
1.5 |
0.0 |
1.0 |
1.0 |
|
Land/Improvements |
14.1 |
13.6 |
15.3 |
13.5 |
13.0 |
|
Machinery/Equipment |
18.4 |
17.2 |
19.0 |
15.7 |
14.0 |
|
Construction in
Progress |
- |
0.0 |
0.0 |
0.7 |
0.0 |
|
Other
Property/Plant/Equipment |
1.1 |
1.1 |
1.1 |
- |
- |
|
Property/Plant/Equipment - Gross |
35.2 |
33.3 |
35.5 |
31.0 |
27.9 |
|
Accumulated Depreciation |
-16.3 |
-14.2 |
-17.8 |
-14.6 |
-12.2 |
|
Property/Plant/Equipment - Net |
18.9 |
19.1 |
17.6 |
16.3 |
15.7 |
|
Intangibles - Gross |
0.1 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Accumulated Intangible Amortization |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Intangibles, Net |
0.6 |
0.6 |
0.7 |
0.3 |
0.1 |
|
LT Investment - Affiliate Companies |
1.8 |
1.6 |
0.0 |
- |
- |
|
LT Investments - Other |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Investments |
1.8 |
1.6 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax - Long Term Asset |
0.2 |
0.2 |
0.4 |
0.2 |
0.2 |
|
Other Long Term Assets, Total |
0.2 |
0.2 |
0.4 |
0.2 |
0.2 |
|
Total Assets |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
13.7 |
10.3 |
18.1 |
18.4 |
12.8 |
|
Accrued Expenses |
2.6 |
1.6 |
3.0 |
2.4 |
- |
|
Notes Payable/Short Term Debt |
19.3 |
7.6 |
27.9 |
16.8 |
16.6 |
|
Current Portion - Long Term Debt/Capital Leases |
0.3 |
0.8 |
0.5 |
1.3 |
1.2 |
|
Customer Advances |
1.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Income Taxes Payable |
1.6 |
1.1 |
3.8 |
3.4 |
2.1 |
|
Other Payables |
1.1 |
0.4 |
4.0 |
2.0 |
2.9 |
|
Other Current Liabilities |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Other Current liabilities, Total |
3.7 |
1.9 |
7.9 |
5.6 |
5.0 |
|
Total Current Liabilities |
39.7 |
22.2 |
57.4 |
44.5 |
35.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.8 |
1.5 |
1.1 |
1.2 |
2.0 |
|
Capital Lease Obligations |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Long Term Debt |
1.8 |
1.5 |
1.1 |
1.3 |
2.1 |
|
Total Debt |
21.4 |
9.9 |
29.5 |
19.4 |
19.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.6 |
0.6 |
0.5 |
0.5 |
0.6 |
|
Deferred Income Tax |
0.6 |
0.6 |
0.5 |
0.5 |
0.6 |
|
Minority Interest |
1.4 |
1.6 |
2.1 |
1.7 |
1.3 |
|
Total Liabilities |
43.4 |
26.0 |
61.1 |
47.9 |
39.5 |
|
|
|
|
|
|
|
|
Common Stock |
33.9 |
32.7 |
34.8 |
30.9 |
20.9 |
|
Common Stock |
33.9 |
32.7 |
34.8 |
30.9 |
20.9 |
|
Additional Paid-In Capital |
- |
- |
- |
- |
0.0 |
|
Retained Earnings (Accumulated Deficit) |
35.4 |
32.3 |
33.2 |
19.9 |
15.2 |
|
Treasury Stock - Common |
-0.7 |
-0.7 |
-0.6 |
0.0 |
- |
|
Unrealized Gain (Loss) |
2.7 |
2.6 |
1.3 |
1.2 |
1.2 |
|
Translation Adjustment |
-0.5 |
-0.6 |
-0.6 |
0.1 |
-0.1 |
|
Other Equity, Total |
-0.5 |
-0.6 |
-0.6 |
0.1 |
-0.1 |
|
Total Equity |
70.8 |
66.4 |
68.2 |
52.2 |
37.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
Total Common Shares Outstanding |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
Treasury Shares - Common Stock Primary Issue |
2.7 |
2.7 |
1.7 |
0.0 |
- |
|
Number of Common Shareholders |
3,688 |
3,786 |
3,834 |
3,917 |
2,708 |
|
Accumulated Intangible Amort, Suppl. |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue - Current |
1.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Total Long Term Debt, Supplemental |
2.1 |
2.2 |
1.5 |
2.4 |
3.1 |
|
Long Term Debt Maturing within 1 Year |
0.3 |
0.7 |
0.5 |
1.2 |
1.1 |
|
Long Term Debt Maturing in Year 2 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in Year 3 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in Year 4 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in Year 5 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in 2-3 Years |
0.9 |
0.7 |
0.5 |
0.6 |
1.0 |
|
Long Term Debt Maturing in 4-5 Years |
0.9 |
0.7 |
0.5 |
0.6 |
1.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Capital Lease Payments Due in Year 1 |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Operating Leases, Supplemental |
8.0 |
5.9 |
7.3 |
6.5 |
7.9 |
|
Operating Lease Payments Due in Year 1 |
0.5 |
0.4 |
0.7 |
0.5 |
0.5 |
|
Operating Lease Payments Due in Year 2 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Payments Due in Year 3 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Payments Due in Year 4 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Payments Due in Year 5 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Pymts. Due in 2-3 Years |
0.7 |
0.6 |
0.7 |
0.7 |
0.8 |
|
Operating Lease Pymts. Due in 4-5 Years |
0.7 |
0.6 |
0.7 |
0.7 |
0.8 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
5.9 |
4.3 |
5.2 |
4.6 |
5.8 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
Depreciation |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Depreciation/Depletion |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization of Acquisition Costs |
- |
- |
- |
- |
0.0 |
|
Amortization |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Unusual Items |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Equity in Net Earnings (Loss) |
-0.2 |
-0.3 |
0.0 |
- |
- |
|
Other Non-Cash Items |
1.2 |
-2.7 |
1.3 |
1.7 |
1.2 |
|
Non-Cash Items |
1.0 |
-2.7 |
1.3 |
1.7 |
1.2 |
|
Accounts Receivable |
-8.2 |
16.6 |
-0.9 |
-9.9 |
-7.4 |
|
Inventories |
-13.0 |
18.7 |
-10.8 |
-11.4 |
-3.8 |
|
Accounts Payable |
4.6 |
-8.2 |
0.0 |
6.2 |
1.3 |
|
Other Operating Cash Flow |
-1.1 |
-3.7 |
-3.7 |
-2.2 |
-1.1 |
|
Changes in Working Capital |
-17.7 |
23.4 |
-15.4 |
-17.3 |
-11.0 |
|
Cash from Operating Activities |
-7.1 |
30.0 |
6.9 |
3.2 |
0.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1.1 |
-1.4 |
-2.6 |
-1.9 |
-0.7 |
|
Purchase/Acquisition of Intangibles |
0.0 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
Capital Expenditures |
-1.2 |
-1.4 |
-2.7 |
-2.0 |
-0.7 |
|
Acquisition of Business |
0.0 |
-0.8 |
0.0 |
- |
- |
|
Sale of Business |
0.0 |
0.0 |
0.0 |
- |
- |
|
Sale of Fixed Assets |
0.0 |
1.2 |
0.5 |
0.0 |
0.1 |
|
Sale/Maturity of Investment |
0.0 |
0.0 |
- |
- |
- |
|
Purchase of Investments |
-0.7 |
-1.3 |
0.0 |
- |
- |
|
Other Investing Cash Flow Items, Total |
-0.6 |
-1.0 |
0.5 |
0.0 |
0.1 |
|
Cash from Investing Activities |
-1.8 |
-2.4 |
-2.2 |
-2.0 |
-0.6 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.8 |
-1.0 |
-0.8 |
-1.0 |
-1.0 |
|
Financing Cash Flow Items |
-0.8 |
-1.0 |
-0.8 |
-1.0 |
-1.0 |
|
Cash Dividends Paid - Common |
-3.5 |
-5.3 |
-5.4 |
-0.8 |
-1.4 |
|
Total Cash Dividends Paid |
-3.5 |
-5.3 |
-5.4 |
-0.8 |
-1.4 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
-0.1 |
-0.5 |
0.0 |
- |
|
Common Stock, Net |
0.0 |
-0.1 |
-0.5 |
0.0 |
0.0 |
|
Options Exercised |
- |
- |
0.0 |
1.0 |
- |
|
Issuance (Retirement) of Stock, Net |
0.0 |
-0.1 |
-0.5 |
1.0 |
0.0 |
|
Short Term Debt Issued |
34.7 |
38.5 |
- |
- |
- |
|
Short Term Debt
Reduction |
-23.1 |
-57.1 |
- |
- |
- |
|
Short Term Debt, Net |
11.6 |
-18.6 |
9.6 |
-1.0 |
4.3 |
|
Long Term Debt Issued |
0.7 |
1.0 |
- |
- |
- |
|
Long Term Debt
Reduction |
-1.0 |
-0.8 |
-0.1 |
0.0 |
-0.1 |
|
Long Term Debt, Net |
-0.3 |
0.2 |
-1.2 |
-0.8 |
-1.5 |
|
Issuance (Retirement) of Debt, Net |
11.3 |
-18.4 |
8.4 |
-1.8 |
2.7 |
|
Cash from Financing Activities |
7.1 |
-24.8 |
1.7 |
-2.7 |
0.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.3 |
0.0 |
0.7 |
-0.3 |
-0.1 |
|
Net Change in Cash |
-1.5 |
2.8 |
7.0 |
-1.8 |
0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
11.6 |
8.3 |
1.4 |
3.1 |
2.6 |
|
Net Cash - Ending Balance |
10.0 |
11.1 |
8.5 |
1.3 |
2.9 |
|
Cash Interest Paid |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Cash Taxes Paid |
1.1 |
3.7 |
3.7 |
2.2 |
1.2 |
Annual Income Statement
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenue |
142.4 |
132.4 |
178.7 |
150.3 |
111.5 |
|
Contract Revenue |
- |
- |
0.1 |
- |
- |
|
Total Revenue |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
|
|
|
|
|
|
|
|
Cost of sales |
117.8 |
110.0 |
- |
- |
- |
|
Gain on Disp. of Property and Equip. |
0.0 |
-1.1 |
0.0 |
0.0 |
- |
|
Allow. for Doubtful Receivables |
0.0 |
-0.3 |
0.0 |
- |
- |
|
Interest Income from Deposit |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Doubtful Receivable Recovered |
0.0 |
0.0 |
0.0 |
- |
- |
|
Gain on disposal of AFS Investment |
0.0 |
0.0 |
- |
- |
- |
|
Excess of Fair Values of Identifiable As |
0.0 |
0.0 |
0.0 |
- |
- |
|
Disposal of a subsidiary |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Income |
-0.6 |
-0.6 |
-0.3 |
-0.2 |
-0.5 |
|
Provision for Stock Obsolescence |
- |
- |
0.0 |
- |
- |
|
Selling and distribution expenses |
8.8 |
8.1 |
- |
- |
- |
|
Administrative expenses |
8.1 |
7.6 |
- |
- |
- |
|
Other operating expenses |
0.4 |
0.7 |
7.1 |
6.7 |
5.5 |
|
Inventories/Finished Goods |
- |
- |
-5.6 |
-9.9 |
-2.4 |
|
Raw Materials/Consumables |
- |
- |
140.8 |
121.5 |
87.2 |
|
Net Foreign Exchange |
- |
- |
-0.4 |
-0.1 |
- |
|
Staff Costs |
- |
- |
15.3 |
12.4 |
10.4 |
|
Depreciation/Amortization |
- |
- |
1.9 |
1.9 |
1.8 |
|
Total Operating Expense |
134.5 |
124.4 |
158.7 |
132.3 |
101.9 |
|
|
|
|
|
|
|
|
Finance Costs |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Share of Results of Associate |
0.2 |
0.3 |
- |
- |
- |
|
Net Income Before Taxes |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Net Income After Taxes |
5.8 |
6.3 |
15.6 |
13.5 |
6.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.2 |
0.1 |
0.0 |
-0.1 |
-0.1 |
|
Net Income Before Extra. Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
339.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Basic EPS Including ExtraOrdinary Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Diluted Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
342.1 |
|
Diluted EPS Excluding ExtraOrd Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Diluted EPS Including ExtraOrd Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
DPS-Common Stock |
0.01 |
0.01 |
0.01 |
0.06 |
0.00 |
|
Gross Dividends - Common Stock |
4.8 |
4.0 |
5.4 |
- |
1.2 |
|
Normalized Income Before Taxes |
7.6 |
6.8 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.7 |
1.1 |
3.4 |
3.4 |
1.9 |
|
Normalized Income After Taxes |
5.8 |
5.7 |
15.6 |
13.5 |
6.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.7 |
5.8 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Diluted Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Interest |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Depreciation |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Amortization Intangible |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rent Expenses |
0.5 |
0.4 |
0.6 |
0.7 |
0.5 |
|
Current Tax |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Current Tax - Total |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Deferred Tax |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Under ( Over) Provision in Prior Years |
0.2 |
0.0 |
-0.2 |
0.0 |
-0.1 |
|
Income Tax - Total |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Defined Contribution Plan |
- |
- |
1.0 |
0.8 |
- |
|
Total Pension Expense |
- |
- |
1.0 |
0.8 |
- |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate |
1.3961 |
1.44735 |
1.35865 |
1.52945 |
1.58135 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Bank Balance |
10.3 |
11.5 |
9.3 |
3.3 |
4.3 |
|
Fixed Deposit |
0.7 |
1.1 |
0.7 |
0.0 |
- |
|
Trade Receivable |
41.6 |
30.6 |
53.3 |
47.2 |
35.6 |
|
Allowance for Doubtful Debts |
-0.8 |
-0.9 |
-1.3 |
-1.0 |
-0.9 |
|
Other Receivable/Prepaid |
- |
- |
- |
- |
0.6 |
|
Related parties |
0.6 |
2.7 |
- |
- |
- |
|
Other Receivables |
0.5 |
0.3 |
0.5 |
0.5 |
- |
|
Prepayments |
0.3 |
0.3 |
0.3 |
0.2 |
- |
|
Deposits |
0.1 |
0.1 |
0.1 |
- |
- |
|
Derivative Financial Instruments |
- |
0.0 |
0.0 |
0.0 |
0.1 |
|
Contract Work-in-progress |
- |
- |
- |
0.0 |
0.1 |
|
Raw Materials at Cost |
7.0 |
1.9 |
8.5 |
2.2 |
3.2 |
|
Work in Progress |
4.7 |
3.4 |
7.2 |
6.6 |
3.3 |
|
Finished Goods at Cost |
25.5 |
18.9 |
30.0 |
21.7 |
14.2 |
|
Goods in Transit |
2.3 |
1.1 |
1.8 |
2.6 |
- |
|
Total Current Assets |
92.8 |
70.8 |
110.4 |
83.3 |
60.6 |
|
|
|
|
|
|
|
|
Construction in Progress |
- |
0.0 |
0.0 |
0.7 |
0.0 |
|
Leasehold Prepayment |
0.6 |
0.6 |
0.6 |
0.2 |
0.0 |
|
Development Costs |
0.0 |
0.0 |
- |
0.1 |
0.1 |
|
Development Costs |
- |
- |
0.2 |
- |
- |
|
Associate |
1.8 |
1.6 |
0.0 |
- |
- |
|
Land |
- |
- |
- |
0.6 |
0.6 |
|
Investment Property |
1.1 |
1.1 |
1.1 |
- |
- |
|
Freehold Land |
0.9 |
0.9 |
0.6 |
- |
- |
|
Property |
1.6 |
1.5 |
0.0 |
1.0 |
1.0 |
|
Leasehold Land/Building |
13.2 |
12.7 |
14.7 |
12.9 |
12.4 |
|
Equipment/Furniture |
3.5 |
3.4 |
3.3 |
2.5 |
1.8 |
|
Plant/Machine |
13.6 |
12.9 |
14.7 |
12.3 |
11.4 |
|
Vehicle |
1.2 |
0.9 |
1.0 |
0.9 |
0.8 |
|
Depreciation |
-16.0 |
-13.9 |
-17.8 |
-14.6 |
-12.2 |
|
Impairement |
-0.4 |
-0.3 |
0.0 |
- |
- |
|
Available for Sale Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Tax |
0.2 |
0.2 |
0.4 |
0.2 |
0.2 |
|
Other Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Intangible, Gross |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Accumulated Amortisation |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Total Assets |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
Bank Overdraft/Borrowing |
19.3 |
7.6 |
27.9 |
16.8 |
16.6 |
|
Trade Payable |
13.7 |
10.3 |
18.1 |
18.4 |
12.8 |
|
Accruals |
2.6 |
1.6 |
3.0 |
2.4 |
- |
|
Customer Deposit |
1.0 |
0.4 |
0.1 |
0.1 |
- |
|
Other Payable |
1.1 |
0.4 |
4.0 |
2.0 |
2.9 |
|
Tax Payable |
1.6 |
1.1 |
3.8 |
3.4 |
2.1 |
|
Current Finance Lease |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Derivative Financial Instrument |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Current Borrowing |
0.3 |
0.7 |
0.5 |
1.2 |
1.1 |
|
Progress Billing |
- |
- |
- |
- |
0.0 |
|
Total Current Liabilities |
39.7 |
22.2 |
57.4 |
44.5 |
35.5 |
|
|
|
|
|
|
|
|
Finance Lease |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Borrowing |
1.8 |
1.5 |
1.1 |
1.2 |
2.0 |
|
Total Long Term Debt |
1.8 |
1.5 |
1.1 |
1.3 |
2.1 |
|
|
|
|
|
|
|
|
Deferred Tax |
0.6 |
0.6 |
0.5 |
0.5 |
0.6 |
|
Minority Interest |
1.4 |
1.6 |
2.1 |
1.7 |
1.3 |
|
Total Liabilities |
43.4 |
26.0 |
61.1 |
47.9 |
39.5 |
|
|
|
|
|
|
|
|
Issued Capital |
33.9 |
32.7 |
34.8 |
30.9 |
20.9 |
|
Treasury Shares |
-0.7 |
-0.7 |
-0.6 |
0.0 |
- |
|
Share Premium |
- |
- |
- |
- |
0.0 |
|
Revaluation Reserve |
2.7 |
2.6 |
1.3 |
1.2 |
1.2 |
|
Currency Translation |
-0.5 |
-0.6 |
-0.6 |
0.1 |
-0.1 |
|
Other Reserve |
-0.3 |
0.0 |
0.0 |
- |
- |
|
Hedging Reserve |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Profits |
35.7 |
32.3 |
33.2 |
19.9 |
15.1 |
|
Total Equity |
70.8 |
66.4 |
68.2 |
52.2 |
37.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
Total Common Shares Outstanding |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
T/S-Common Stock |
2.7 |
2.7 |
1.7 |
0.0 |
- |
|
Amortization Intangible |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue |
1.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Shareholder |
3,688 |
3,786 |
3,834 |
3,917 |
2,708 |
|
Long Term Debt Payable within 1 Year |
0.3 |
0.7 |
0.5 |
1.2 |
1.1 |
|
Long term Debt Maturing within 5 Years |
1.8 |
1.5 |
1.1 |
1.2 |
2.0 |
|
Long Term Debt - Remaining Maturities |
- |
- |
- |
- |
0.0 |
|
Total Long Term Debt, Supplemental |
2.1 |
2.2 |
1.5 |
2.4 |
3.1 |
|
Capital Lease Payable within 1 Year |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Capital Lease Payable between 1-5 Years |
0.0 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Capital Leases Remaining Maturities |
- |
- |
- |
0.0 |
0.0 |
|
Finance Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Operating Lease Payable within 1 Year |
0.5 |
0.4 |
0.7 |
0.5 |
0.5 |
|
Operating Lease due between 2-5 Years |
1.5 |
1.2 |
1.5 |
1.4 |
1.6 |
|
Operating Leases - Remaining Maturities |
5.9 |
4.3 |
5.2 |
4.6 |
5.8 |
|
Total Operating Leases |
8.0 |
5.9 |
7.3 |
6.5 |
7.9 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
Depreciation |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Amortization Intangible |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Dispose Assets |
0.0 |
- |
- |
- |
0.0 |
|
Gain on disposal of AFS Investment |
0.0 |
- |
- |
- |
- |
|
Club membership written off |
0.0 |
- |
- |
- |
- |
|
Assets Writeoff |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inventories written off |
0.0 |
0.2 |
- |
- |
- |
|
Write off of Stock Obsolescence |
0.0 |
0.0 |
0.3 |
0.5 |
0.4 |
|
Allowance for Doubtful Receivables |
0.1 |
-0.3 |
- |
- |
- |
|
(Reversal) Provision for Onerous Contrat |
0.6 |
-2.4 |
- |
- |
- |
|
Gain Derivative Fin. Inst |
0.0 |
0.0 |
-0.1 |
0.1 |
-0.1 |
|
Net foreign exchange loss |
- |
-1.1 |
0.1 |
0.0 |
- |
|
Gain on Disposal of Subsidiary |
0.0 |
0.0 |
0.0 |
- |
- |
|
Impairment Loss on Property & Plant |
0.0 |
0.3 |
0.0 |
- |
- |
|
Excess Fair Values of Identifiable Asset |
0.0 |
0.0 |
0.0 |
- |
- |
|
Share of Profit of an Associate |
-0.2 |
-0.3 |
0.0 |
- |
- |
|
Trade Receivable |
-7.7 |
16.3 |
-0.8 |
-9.7 |
-7.3 |
|
Other receivables |
-0.4 |
0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Contract W.I.P |
- |
0.0 |
0.0 |
0.1 |
0.1 |
|
Inventories |
-13.0 |
18.7 |
-10.8 |
-11.4 |
-3.8 |
|
Trade Payable |
3.0 |
-6.5 |
-2.1 |
4.8 |
0.2 |
|
Other Payable |
1.6 |
-1.7 |
2.1 |
1.4 |
1.1 |
|
Work In Progress |
- |
- |
0.0 |
0.0 |
0.0 |
|
Interest Received |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Tax Paid |
-1.1 |
-3.7 |
-3.7 |
-2.2 |
-1.2 |
|
Negative Goodgill Recognised |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
-7.1 |
30.0 |
6.9 |
3.2 |
0.7 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-1.1 |
-0.8 |
-2.4 |
-1.2 |
-0.7 |
|
Dispose Assets |
0.0 |
1.2 |
0.5 |
0.0 |
0.1 |
|
Construction Work in Progress |
0.0 |
-0.6 |
-0.2 |
-0.7 |
0.0 |
|
Leasehold Prepayment |
0.0 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
Acquire Subsidiaries |
0.0 |
-0.8 |
0.0 |
- |
- |
|
Acquire Subsidiaries Interests |
-0.7 |
-0.1 |
0.0 |
- |
- |
|
Acquisition of Investment in Associate |
0.0 |
-1.2 |
0.0 |
- |
- |
|
Intangible |
0.0 |
0.0 |
0.0 |
- |
- |
|
Proceeds from disposal of AFS Investment |
0.0 |
0.0 |
- |
- |
- |
|
Developement Cost |
- |
- |
- |
- |
0.0 |
|
Disposal of Subsidiary |
0.0 |
0.0 |
0.0 |
- |
- |
|
Cash from Investing Activities |
-1.8 |
-2.4 |
-2.2 |
-2.0 |
-0.6 |
|
|
|
|
|
|
|
|
Proceeds from Short-Term Bank Borrowings |
34.7 |
38.5 |
- |
- |
- |
|
Repayment of Short-Term Bank Borrowings |
-23.1 |
-57.1 |
- |
- |
- |
|
ST Loans |
- |
- |
9.6 |
-1.0 |
4.3 |
|
Pay Finance Lease |
0.0 |
0.0 |
-0.1 |
0.0 |
-0.1 |
|
Proceeds from Long-Term Bank Borrowings |
0.7 |
1.0 |
- |
- |
- |
|
Repayment of Long-Term Bank Borrowings |
-1.0 |
-0.8 |
- |
- |
- |
|
LT Borrowing, Net |
- |
- |
-1.1 |
-0.8 |
-1.4 |
|
Capital Contribution by Minority Shares |
0.0 |
0.1 |
0.3 |
0.4 |
0.0 |
|
Right Issue Expenses |
- |
- |
0.0 |
-0.2 |
0.0 |
|
Issue Shares |
- |
- |
- |
- |
0.0 |
|
Issuan. of Shares Pursuant to Excercise |
- |
- |
0.0 |
1.0 |
- |
|
Interest Paid |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Shares buy back |
0.0 |
-0.1 |
-0.5 |
0.0 |
- |
|
Dividend Paid |
-3.5 |
-5.3 |
-5.4 |
-0.8 |
-1.4 |
|
Minority Dividend |
-0.2 |
-0.2 |
0.0 |
-0.1 |
-0.3 |
|
Cash from Financing Activities |
7.1 |
-24.8 |
1.7 |
-2.7 |
0.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.3 |
0.0 |
0.7 |
-0.3 |
-0.1 |
|
Net Change in Cash |
-1.5 |
2.8 |
7.0 |
-1.8 |
0.3 |
|
|
|
|
|
|
|
|
Beginning Cash |
11.6 |
8.3 |
1.4 |
3.1 |
2.6 |
|
Ending Cash |
10.0 |
11.1 |
8.5 |
1.3 |
2.9 |
|
Cash Interest Paid |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Cash Taxes Paid |
1.1 |
3.7 |
3.7 |
2.2 |
1.2 |
Financial Health
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Ratios
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
|
Revenue |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
|
Total Revenue |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
|
|
|
|
|
|
|
|
Cost of Revenue |
117.8 |
110.0 |
135.2 |
111.5 |
84.8 |
|
Cost of Revenue, Total |
117.8 |
110.0 |
135.2 |
111.5 |
84.8 |
|
Gross Profit |
24.6 |
22.4 |
43.6 |
38.7 |
26.7 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
16.9 |
15.7 |
0.0 |
- |
- |
|
Labor & Related Expense |
- |
- |
15.3 |
12.4 |
10.4 |
|
Total Selling/General/Administrative Expenses |
16.9 |
15.7 |
15.3 |
12.4 |
10.4 |
|
Depreciation |
- |
- |
1.9 |
1.9 |
1.8 |
|
Depreciation/Amortization |
- |
- |
1.9 |
1.9 |
1.8 |
|
Interest Income -
Operating |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Investment Income -
Operating |
0.0 |
0.0 |
-0.4 |
-0.1 |
- |
|
Interest/Investment Income - Operating |
0.0 |
0.0 |
-0.4 |
-0.1 |
- |
|
Interest Expense (Income) - Net Operating Total |
0.0 |
0.0 |
-0.4 |
-0.1 |
- |
|
Loss (Gain) on Sale of Assets - Operating |
0.0 |
-1.1 |
0.0 |
0.0 |
- |
|
Unusual Expense (Income) |
0.0 |
-1.1 |
0.0 |
0.0 |
- |
|
Other Operating Expense |
0.4 |
0.7 |
7.1 |
6.7 |
5.5 |
|
Other, Net |
-0.6 |
-0.9 |
-0.3 |
-0.2 |
-0.5 |
|
Other Operating Expenses, Total |
-0.2 |
-0.2 |
6.7 |
6.5 |
5.0 |
|
Total Operating Expense |
134.5 |
124.4 |
158.7 |
132.3 |
101.9 |
|
|
|
|
|
|
|
|
Operating Income |
7.9 |
8.1 |
20.1 |
18.0 |
9.5 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Interest Expense, Net Non-Operating |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Investment Income -
Non-Operating |
0.2 |
0.3 |
- |
- |
- |
|
Interest/Investment Income - Non-Operating |
0.2 |
0.3 |
- |
- |
- |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.4 |
-0.5 |
-1.1 |
-1.1 |
-0.8 |
|
Income Before Tax |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Total Income Tax |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Income After Tax |
5.8 |
6.3 |
15.6 |
13.5 |
6.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.2 |
0.1 |
0.0 |
-0.1 |
-0.1 |
|
Net Income Before Extraord Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
339.8 |
|
Basic EPS Excl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Basic/Primary EPS Incl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Diluted Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
342.1 |
|
Diluted EPS Excl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Diluted EPS Incl Extraord Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Dividends per Share - Common Stock Primary Issue |
0.01 |
0.01 |
0.01 |
0.06 |
0.00 |
|
Gross Dividends - Common Stock |
4.8 |
4.0 |
5.4 |
- |
1.2 |
|
Interest Expense, Supplemental |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Depreciation, Supplemental |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Total Special Items |
0.0 |
-0.8 |
0.0 |
0.0 |
- |
|
Normalized Income Before Tax |
7.6 |
6.8 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
-0.1 |
0.0 |
0.0 |
- |
|
Inc Tax Ex Impact of Sp Items |
1.7 |
1.1 |
3.4 |
3.4 |
1.9 |
|
Normalized Income After Tax |
5.8 |
5.7 |
15.6 |
13.5 |
6.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.7 |
5.8 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Diluted Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rental Expenses |
0.5 |
0.4 |
0.6 |
0.7 |
0.5 |
|
Normalized EBIT |
7.9 |
7.3 |
19.7 |
17.9 |
9.5 |
|
Normalized EBITDA |
9.9 |
9.0 |
21.6 |
19.8 |
11.3 |
|
Current Tax - Total |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Current Tax - Total |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Other Tax |
0.2 |
0.0 |
-0.2 |
0.0 |
-0.1 |
|
Income Tax - Total |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Defined Contribution Expense - Domestic |
- |
- |
1.0 |
0.8 |
- |
|
Total Pension Expense |
- |
- |
1.0 |
0.8 |
- |
|
© 1983-2011
Reuters Research Inc. All Rights Reserved. |
|
|
Published by
OneSource Information Services, Inc., August, 2011. |
|
|
|
|
|
|
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.276865 |
1.302733 |
1.356685 |
1.391803 |
1.402975 |
|
|
|
|
|
|
|
|
Net Sales |
47.3 |
48.4 |
41.9 |
37.2 |
37.3 |
|
Revenue |
47.3 |
48.4 |
41.9 |
37.2 |
37.3 |
|
Total Revenue |
47.3 |
48.4 |
41.9 |
37.2 |
37.3 |
|
|
|
|
|
|
|
|
Cost of Revenue |
40.5 |
40.5 |
35.0 |
36.8 |
30.2 |
|
Cost of Revenue, Total |
40.5 |
40.5 |
35.0 |
36.8 |
30.2 |
|
Gross Profit |
6.8 |
7.9 |
6.9 |
0.4 |
7.1 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
4.9 |
5.3 |
4.7 |
- |
- |
|
Labor & Related Expense |
- |
- |
- |
- |
3.7 |
|
Total Selling/General/Administrative Expenses |
4.9 |
5.3 |
4.7 |
- |
3.7 |
|
Depreciation |
- |
- |
- |
- |
0.5 |
|
Depreciation/Amortization |
- |
- |
- |
- |
0.5 |
|
Other Operating Expense |
0.0 |
0.2 |
0.0 |
- |
1.8 |
|
Other, Net |
-0.1 |
0.0 |
-0.2 |
-0.5 |
-0.1 |
|
Other Operating Expenses, Total |
-0.1 |
0.2 |
-0.2 |
-0.5 |
1.7 |
|
Total Operating Expense |
45.3 |
46.0 |
39.5 |
36.4 |
36.1 |
|
|
|
|
|
|
|
|
Operating Income |
2.0 |
2.4 |
2.4 |
0.8 |
1.2 |
|
|
|
|
|
|
|
|
Interest Expense -
Non-Operating |
-0.2 |
-0.2 |
-0.1 |
-0.2 |
-0.2 |
|
Interest Expense, Net Non-Operating |
-0.2 |
-0.2 |
-0.1 |
-0.2 |
-0.2 |
|
Investment Income -
Non-Operating |
0.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Interest/Investment Income - Non-Operating |
0.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Interest Income (Expense) - Net Non-Operating Total |
-0.2 |
0.2 |
-0.1 |
-0.1 |
-0.2 |
|
Income Before Tax |
1.9 |
2.6 |
2.3 |
0.7 |
1.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
0.4 |
0.4 |
0.5 |
0.4 |
0.4 |
|
Income After Tax |
1.4 |
2.2 |
1.9 |
0.3 |
0.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Net Income Before Extraord Items |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
Net Income |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
399.8 |
410.1 |
389.5 |
391.5 |
389.9 |
|
Basic EPS Excl Extraord Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Basic/Primary EPS Incl Extraord Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Dilution Adjustment |
0.0 |
- |
- |
0.0 |
- |
|
Diluted Net Income |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
Diluted Weighted Average Shares |
399.8 |
410.1 |
389.5 |
391.5 |
389.9 |
|
Diluted EPS Excl Extraord Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Diluted EPS Incl Extraord Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Dividends per Share - Common Stock Primary Issue |
0.00 |
0.00 |
0.00 |
0.01 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
- |
0.0 |
2.8 |
0.0 |
|
Interest Expense, Supplemental |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Depreciation, Supplemental |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Total Special Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized Income Before Tax |
1.9 |
2.6 |
2.3 |
0.7 |
1.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inc Tax Ex Impact of Sp Items |
0.5 |
0.4 |
0.5 |
0.4 |
0.4 |
|
Normalized Income After Tax |
1.5 |
2.2 |
1.9 |
0.3 |
0.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Amort of Intangibles, Supplemental |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Normalized EBIT |
2.1 |
2.3 |
2.4 |
0.8 |
1.2 |
|
Normalized EBITDA |
2.6 |
2.8 |
2.9 |
1.3 |
1.7 |
Annual
Balance Sheet
Standardized
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate |
1.3961 |
1.44735 |
1.35865 |
1.52945 |
1.58135 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash |
10.3 |
11.5 |
9.3 |
3.3 |
4.3 |
|
Short Term Investments |
0.7 |
1.1 |
0.7 |
0.0 |
- |
|
Cash and Short Term Investments |
11.1 |
12.5 |
10.0 |
3.4 |
4.3 |
|
Accounts Receivable -
Trade, Gross |
41.6 |
30.6 |
53.3 |
47.2 |
35.6 |
|
Provision for Doubtful
Accounts |
-0.8 |
-0.9 |
-1.3 |
-1.0 |
-0.9 |
|
Trade Accounts Receivable - Net |
41.4 |
32.4 |
51.9 |
46.2 |
34.7 |
|
Other Receivables |
0.5 |
0.3 |
0.5 |
0.5 |
- |
|
Total Receivables, Net |
41.8 |
32.6 |
52.5 |
46.7 |
34.7 |
|
Inventories - Finished Goods |
27.8 |
20.1 |
31.9 |
24.3 |
14.2 |
|
Inventories - Work In Progress |
4.7 |
3.4 |
7.2 |
6.6 |
3.3 |
|
Inventories - Raw Materials |
7.0 |
1.9 |
8.5 |
2.2 |
3.2 |
|
Total Inventory |
39.5 |
25.3 |
47.6 |
33.0 |
20.8 |
|
Prepaid Expenses |
0.3 |
0.3 |
0.3 |
0.2 |
0.6 |
|
Other Current Assets |
0.1 |
0.1 |
0.1 |
0.0 |
0.2 |
|
Other Current Assets, Total |
0.1 |
0.1 |
0.1 |
0.0 |
0.2 |
|
Total Current Assets |
92.8 |
70.8 |
110.4 |
83.3 |
60.6 |
|
|
|
|
|
|
|
|
Buildings |
1.6 |
1.5 |
0.0 |
1.0 |
1.0 |
|
Land/Improvements |
14.1 |
13.6 |
15.3 |
13.5 |
13.0 |
|
Machinery/Equipment |
18.4 |
17.2 |
19.0 |
15.7 |
14.0 |
|
Construction in
Progress |
- |
0.0 |
0.0 |
0.7 |
0.0 |
|
Other Property/Plant/Equipment |
1.1 |
1.1 |
1.1 |
- |
- |
|
Property/Plant/Equipment - Gross |
35.2 |
33.3 |
35.5 |
31.0 |
27.9 |
|
Accumulated Depreciation |
-16.3 |
-14.2 |
-17.8 |
-14.6 |
-12.2 |
|
Property/Plant/Equipment - Net |
18.9 |
19.1 |
17.6 |
16.3 |
15.7 |
|
Intangibles - Gross |
0.1 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Accumulated Intangible Amortization |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Intangibles, Net |
0.6 |
0.6 |
0.7 |
0.3 |
0.1 |
|
LT Investment - Affiliate Companies |
1.8 |
1.6 |
0.0 |
- |
- |
|
LT Investments - Other |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Investments |
1.8 |
1.6 |
0.0 |
0.0 |
0.0 |
|
Deferred Income Tax - Long Term Asset |
0.2 |
0.2 |
0.4 |
0.2 |
0.2 |
|
Other Long Term Assets, Total |
0.2 |
0.2 |
0.4 |
0.2 |
0.2 |
|
Total Assets |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
Accounts Payable |
13.7 |
10.3 |
18.1 |
18.4 |
12.8 |
|
Accrued Expenses |
2.6 |
1.6 |
3.0 |
2.4 |
- |
|
Notes Payable/Short Term Debt |
19.3 |
7.6 |
27.9 |
16.8 |
16.6 |
|
Current Portion - Long Term Debt/Capital Leases |
0.3 |
0.8 |
0.5 |
1.3 |
1.2 |
|
Customer Advances |
1.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Income Taxes Payable |
1.6 |
1.1 |
3.8 |
3.4 |
2.1 |
|
Other Payables |
1.1 |
0.4 |
4.0 |
2.0 |
2.9 |
|
Other Current Liabilities |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Other Current liabilities, Total |
3.7 |
1.9 |
7.9 |
5.6 |
5.0 |
|
Total Current Liabilities |
39.7 |
22.2 |
57.4 |
44.5 |
35.5 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.8 |
1.5 |
1.1 |
1.2 |
2.0 |
|
Capital Lease Obligations |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Long Term Debt |
1.8 |
1.5 |
1.1 |
1.3 |
2.1 |
|
Total Debt |
21.4 |
9.9 |
29.5 |
19.4 |
19.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.6 |
0.6 |
0.5 |
0.5 |
0.6 |
|
Deferred Income Tax |
0.6 |
0.6 |
0.5 |
0.5 |
0.6 |
|
Minority Interest |
1.4 |
1.6 |
2.1 |
1.7 |
1.3 |
|
Total Liabilities |
43.4 |
26.0 |
61.1 |
47.9 |
39.5 |
|
|
|
|
|
|
|
|
Common Stock |
33.9 |
32.7 |
34.8 |
30.9 |
20.9 |
|
Common Stock |
33.9 |
32.7 |
34.8 |
30.9 |
20.9 |
|
Additional Paid-In Capital |
- |
- |
- |
- |
0.0 |
|
Retained Earnings (Accumulated Deficit) |
35.4 |
32.3 |
33.2 |
19.9 |
15.2 |
|
Treasury Stock - Common |
-0.7 |
-0.7 |
-0.6 |
0.0 |
- |
|
Unrealized Gain (Loss) |
2.7 |
2.6 |
1.3 |
1.2 |
1.2 |
|
Translation Adjustment |
-0.5 |
-0.6 |
-0.6 |
0.1 |
-0.1 |
|
Other Equity, Total |
-0.5 |
-0.6 |
-0.6 |
0.1 |
-0.1 |
|
Total Equity |
70.8 |
66.4 |
68.2 |
52.2 |
37.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
Total Common Shares Outstanding |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
Treasury Shares - Common Stock Primary Issue |
2.7 |
2.7 |
1.7 |
0.0 |
- |
|
Number of Common Shareholders |
3,688 |
3,786 |
3,834 |
3,917 |
2,708 |
|
Accumulated Intangible Amort, Suppl. |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue - Current |
1.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Total Long Term Debt, Supplemental |
2.1 |
2.2 |
1.5 |
2.4 |
3.1 |
|
Long Term Debt Maturing within 1 Year |
0.3 |
0.7 |
0.5 |
1.2 |
1.1 |
|
Long Term Debt Maturing in Year 2 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in Year 3 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in Year 4 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in Year 5 |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Long Term Debt Maturing in 2-3 Years |
0.9 |
0.7 |
0.5 |
0.6 |
1.0 |
|
Long Term Debt Maturing in 4-5 Years |
0.9 |
0.7 |
0.5 |
0.6 |
1.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases, Supplemental |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Capital Lease Payments Due in Year 1 |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Capital Lease Payments Due in Year 2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 3 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 4 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in Year 5 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 2-3 Years |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Lease Payments Due in 4-5 Years |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Cap. Lease Pymts. Due in Year 6 & Beyond |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Operating Leases, Supplemental |
8.0 |
5.9 |
7.3 |
6.5 |
7.9 |
|
Operating Lease Payments Due in Year 1 |
0.5 |
0.4 |
0.7 |
0.5 |
0.5 |
|
Operating Lease Payments Due in Year 2 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Payments Due in Year 3 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Payments Due in Year 4 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Payments Due in Year 5 |
0.4 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Operating Lease Pymts. Due in 2-3 Years |
0.7 |
0.6 |
0.7 |
0.7 |
0.8 |
|
Operating Lease Pymts. Due in 4-5 Years |
0.7 |
0.6 |
0.7 |
0.7 |
0.8 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
5.9 |
4.3 |
5.2 |
4.6 |
5.8 |
Interim
Balance Sheet
Standardized
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate |
1.2605 |
1.28105 |
1.31535 |
1.3961 |
1.39805 |
|
|
|
|
|
|
|
|
Cash |
12.0 |
17.0 |
12.0 |
11.1 |
9.6 |
|
Cash and Short Term Investments |
12.0 |
17.0 |
12.0 |
11.1 |
9.6 |
|
Trade Accounts Receivable - Net |
49.7 |
48.7 |
44.4 |
41.4 |
39.0 |
|
Other Receivables |
0.9 |
0.7 |
0.6 |
0.9 |
0.7 |
|
Total Receivables, Net |
50.6 |
49.4 |
45.0 |
42.2 |
39.7 |
|
Total Inventory |
50.2 |
41.7 |
40.4 |
39.5 |
35.0 |
|
Other Current Assets |
0.0 |
- |
0.0 |
0.0 |
- |
|
Other Current Assets, Total |
0.0 |
- |
0.0 |
0.0 |
- |
|
Total Current Assets |
112.8 |
108.2 |
97.4 |
92.8 |
84.3 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
20.6 |
20.6 |
20.2 |
19.5 |
19.8 |
|
Intangibles, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
LT Investment - Affiliate Companies |
2.5 |
2.5 |
2.0 |
1.8 |
1.8 |
|
LT Investments - Other |
- |
- |
- |
0.0 |
0.0 |
|
Long Term Investments |
2.5 |
2.5 |
2.0 |
1.8 |
1.8 |
|
Deferred Income Tax - Long Term Asset |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Other Long Term Assets, Total |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Total Assets |
136.2 |
131.4 |
119.8 |
114.3 |
106.2 |
|
|
|
|
|
|
|
|
Accounts Payable |
18.5 |
17.7 |
16.6 |
13.7 |
12.4 |
|
Notes Payable/Short Term Debt |
26.6 |
22.3 |
15.6 |
19.3 |
15.6 |
|
Current Portion - Long Term Debt/Capital Leases |
0.3 |
0.4 |
0.3 |
0.3 |
0.3 |
|
Income Taxes Payable |
1.6 |
1.8 |
2.0 |
1.6 |
1.3 |
|
Other Payables |
5.2 |
5.6 |
4.4 |
4.7 |
2.1 |
|
Other Current Liabilities |
0.0 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Other Current liabilities, Total |
6.9 |
7.5 |
6.4 |
6.3 |
3.5 |
|
Total Current Liabilities |
52.3 |
47.8 |
39.1 |
39.7 |
31.8 |
|
|
|
|
|
|
|
|
Long Term Debt |
1.7 |
1.8 |
1.8 |
1.8 |
1.9 |
|
Capital Lease Obligations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Debt |
1.7 |
1.8 |
1.8 |
1.8 |
1.9 |
|
Total Debt |
28.7 |
24.5 |
17.7 |
21.4 |
17.8 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
0.7 |
0.7 |
0.7 |
0.6 |
0.7 |
|
Deferred Income Tax |
0.7 |
0.7 |
0.7 |
0.6 |
0.7 |
|
Minority Interest |
1.5 |
1.6 |
1.5 |
1.4 |
1.4 |
|
Total Liabilities |
56.2 |
51.9 |
43.0 |
43.4 |
35.7 |
|
|
|
|
|
|
|
|
Common Stock |
39.3 |
38.6 |
36.0 |
33.9 |
33.8 |
|
Common Stock |
39.3 |
38.6 |
36.0 |
33.9 |
33.8 |
|
Retained Earnings (Accumulated Deficit) |
39.8 |
39.6 |
39.4 |
35.4 |
35.0 |
|
Treasury Stock - Common |
-0.8 |
-0.7 |
-0.7 |
-0.7 |
-0.7 |
|
Unrealized Gain (Loss) |
3.0 |
3.0 |
2.9 |
2.7 |
2.7 |
|
Translation Adjustment |
-1.3 |
-1.0 |
-0.8 |
-0.5 |
-0.4 |
|
Other Equity, Total |
-1.3 |
-1.0 |
-0.8 |
-0.5 |
-0.4 |
|
Total Equity |
80.0 |
79.5 |
76.8 |
70.8 |
70.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
136.2 |
131.4 |
119.8 |
114.3 |
106.2 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
399.8 |
399.8 |
389.5 |
389.5 |
389.5 |
|
Total Common Shares Outstanding |
399.8 |
399.8 |
389.5 |
389.5 |
389.5 |
|
Treasury Shares - Common Stock Primary Issue |
2.7 |
2.7 |
2.7 |
2.7 |
2.7 |
|
Total Long Term Debt, Supplemental |
28.7 |
24.5 |
17.7 |
21.4 |
17.8 |
|
Long Term Debt Maturing within 1 Year |
26.9 |
22.7 |
16.0 |
19.6 |
15.9 |
|
Long Term Debt Matur. in Year 6 & Beyond |
1.7 |
1.8 |
1.8 |
1.8 |
1.9 |
Annual
Cash Flows
Standardized
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
Depreciation |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Depreciation/Depletion |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization of Acquisition Costs |
- |
- |
- |
- |
0.0 |
|
Amortization |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Unusual Items |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Equity in Net Earnings (Loss) |
-0.2 |
-0.3 |
0.0 |
- |
- |
|
Other Non-Cash Items |
1.2 |
-2.7 |
1.3 |
1.7 |
1.2 |
|
Non-Cash Items |
1.0 |
-2.7 |
1.3 |
1.7 |
1.2 |
|
Accounts Receivable |
-8.2 |
16.6 |
-0.9 |
-9.9 |
-7.4 |
|
Inventories |
-13.0 |
18.7 |
-10.8 |
-11.4 |
-3.8 |
|
Accounts Payable |
4.6 |
-8.2 |
0.0 |
6.2 |
1.3 |
|
Other Operating Cash Flow |
-1.1 |
-3.7 |
-3.7 |
-2.2 |
-1.1 |
|
Changes in Working Capital |
-17.7 |
23.4 |
-15.4 |
-17.3 |
-11.0 |
|
Cash from Operating Activities |
-7.1 |
30.0 |
6.9 |
3.2 |
0.7 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1.1 |
-1.4 |
-2.6 |
-1.9 |
-0.7 |
|
Purchase/Acquisition of Intangibles |
0.0 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
Capital Expenditures |
-1.2 |
-1.4 |
-2.7 |
-2.0 |
-0.7 |
|
Acquisition of Business |
0.0 |
-0.8 |
0.0 |
- |
- |
|
Sale of Business |
0.0 |
0.0 |
0.0 |
- |
- |
|
Sale of Fixed Assets |
0.0 |
1.2 |
0.5 |
0.0 |
0.1 |
|
Sale/Maturity of Investment |
0.0 |
0.0 |
- |
- |
- |
|
Purchase of Investments |
-0.7 |
-1.3 |
0.0 |
- |
- |
|
Other Investing Cash Flow Items, Total |
-0.6 |
-1.0 |
0.5 |
0.0 |
0.1 |
|
Cash from Investing Activities |
-1.8 |
-2.4 |
-2.2 |
-2.0 |
-0.6 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.8 |
-1.0 |
-0.8 |
-1.0 |
-1.0 |
|
Financing Cash Flow Items |
-0.8 |
-1.0 |
-0.8 |
-1.0 |
-1.0 |
|
Cash Dividends Paid - Common |
-3.5 |
-5.3 |
-5.4 |
-0.8 |
-1.4 |
|
Total Cash Dividends Paid |
-3.5 |
-5.3 |
-5.4 |
-0.8 |
-1.4 |
|
Sale/Issuance of
Common |
- |
- |
- |
- |
0.0 |
|
Repurchase/Retirement
of Common |
0.0 |
-0.1 |
-0.5 |
0.0 |
- |
|
Common Stock, Net |
0.0 |
-0.1 |
-0.5 |
0.0 |
0.0 |
|
Options Exercised |
- |
- |
0.0 |
1.0 |
- |
|
Issuance (Retirement) of Stock, Net |
0.0 |
-0.1 |
-0.5 |
1.0 |
0.0 |
|
Short Term Debt Issued |
34.7 |
38.5 |
- |
- |
- |
|
Short Term Debt
Reduction |
-23.1 |
-57.1 |
- |
- |
- |
|
Short Term Debt, Net |
11.6 |
-18.6 |
9.6 |
-1.0 |
4.3 |
|
Long Term Debt Issued |
0.7 |
1.0 |
- |
- |
- |
|
Long Term Debt
Reduction |
-1.0 |
-0.8 |
-0.1 |
0.0 |
-0.1 |
|
Long Term Debt, Net |
-0.3 |
0.2 |
-1.2 |
-0.8 |
-1.5 |
|
Issuance (Retirement) of Debt, Net |
11.3 |
-18.4 |
8.4 |
-1.8 |
2.7 |
|
Cash from Financing Activities |
7.1 |
-24.8 |
1.7 |
-2.7 |
0.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.3 |
0.0 |
0.7 |
-0.3 |
-0.1 |
|
Net Change in Cash |
-1.5 |
2.8 |
7.0 |
-1.8 |
0.3 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
11.6 |
8.3 |
1.4 |
3.1 |
2.6 |
|
Net Cash - Ending Balance |
10.0 |
11.1 |
8.5 |
1.3 |
2.9 |
|
Cash Interest Paid |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Cash Taxes Paid |
1.1 |
3.7 |
3.7 |
2.2 |
1.2 |
Interim
Cash Flows
Standardized
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
9 Months |
6 Months |
3 Months |
12 Months |
9 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.312451 |
1.329786 |
1.356685 |
1.407096 |
1.412045 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
6.8 |
4.9 |
2.3 |
7.6 |
6.9 |
|
Depreciation |
1.5 |
1.0 |
0.5 |
2.0 |
1.5 |
|
Depreciation/Depletion |
1.5 |
1.0 |
0.5 |
2.0 |
1.5 |
|
Amortization of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amortization |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Unusual Items |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Equity in Net Earnings (Loss) |
-0.5 |
-0.5 |
-0.1 |
-0.2 |
-0.1 |
|
Other Non-Cash Items |
0.5 |
0.4 |
0.1 |
1.2 |
0.4 |
|
Non-Cash Items |
-0.1 |
-0.1 |
0.0 |
1.0 |
0.2 |
|
Accounts Receivable |
-4.3 |
-3.6 |
-0.4 |
-8.2 |
-5.4 |
|
Inventories |
-6.9 |
1.0 |
1.4 |
-13.0 |
-8.6 |
|
Accounts Payable |
3.6 |
3.2 |
1.6 |
4.6 |
1.3 |
|
Other Operating Cash Flow |
-1.4 |
-0.7 |
-0.1 |
-1.1 |
-1.2 |
|
Changes in Working Capital |
-9.1 |
-0.2 |
2.4 |
-17.7 |
-13.9 |
|
Cash from Operating Activities |
-0.9 |
5.6 |
5.2 |
-7.1 |
-5.3 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-1.1 |
-0.6 |
-0.2 |
-1.1 |
-0.9 |
|
Purchase/Acquisition of Intangibles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
-1.1 |
-0.7 |
-0.2 |
-1.2 |
-0.9 |
|
Acquisition of Business |
- |
0.0 |
- |
0.0 |
0.0 |
|
Sale of Business |
- |
- |
- |
0.0 |
- |
|
Sale of Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sale/Maturity of Investment |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Purchase of Investments |
0.0 |
- |
- |
-0.7 |
-0.7 |
|
Other Investing Cash Flow Items, Total |
0.0 |
0.0 |
0.0 |
-0.6 |
-0.6 |
|
Cash from Investing Activities |
-1.0 |
-0.7 |
-0.2 |
-1.8 |
-1.5 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
-0.8 |
-0.3 |
-0.1 |
-0.8 |
-0.6 |
|
Financing Cash Flow Items |
-0.8 |
-0.3 |
-0.1 |
-0.8 |
-0.6 |
|
Cash Dividends Paid - Common |
-3.1 |
-1.3 |
- |
-3.5 |
-3.4 |
|
Total Cash Dividends Paid |
-3.1 |
-1.3 |
- |
-3.5 |
-3.4 |
|
Repurchase/Retirement
of Common |
- |
- |
- |
- |
0.0 |
|
Common Stock, Net |
- |
- |
- |
- |
0.0 |
|
Issuance (Retirement) of Stock, Net |
- |
- |
- |
- |
0.0 |
|
Short Term Debt Issued |
67.5 |
36.9 |
15.4 |
34.7 |
20.2 |
|
Short Term Debt
Reduction |
-61.7 |
-35.1 |
-20.6 |
-23.1 |
-13.4 |
|
Short Term Debt, Net |
5.8 |
1.8 |
-5.2 |
11.6 |
6.8 |
|
Long Term Debt Issued |
0.0 |
0.0 |
- |
0.7 |
0.7 |
|
Long Term Debt
Reduction |
-0.3 |
-0.2 |
-0.1 |
-1.0 |
-0.9 |
|
Long Term Debt, Net |
-0.3 |
-0.2 |
-0.1 |
-0.3 |
-0.3 |
|
Issuance (Retirement) of Debt, Net |
5.5 |
1.6 |
-5.3 |
11.3 |
6.5 |
|
Cash from Financing Activities |
1.6 |
0.0 |
-5.4 |
7.1 |
2.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.2 |
0.0 |
-0.1 |
0.3 |
0.2 |
|
Net Change in Cash |
-0.1 |
4.9 |
-0.5 |
-1.5 |
-4.1 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
10.8 |
10.6 |
10.4 |
11.6 |
11.5 |
|
Net Cash - Ending Balance |
10.6 |
15.5 |
9.9 |
10.0 |
7.5 |
|
Cash Interest Paid |
0.5 |
0.3 |
0.1 |
0.6 |
0.4 |
|
Cash Taxes Paid |
1.4 |
0.8 |
0.1 |
1.1 |
1.3 |
Annual
Income Statement
As Reported
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Revenue |
142.4 |
132.4 |
178.7 |
150.3 |
111.5 |
|
Contract Revenue |
- |
- |
0.1 |
- |
- |
|
Total Revenue |
142.4 |
132.4 |
178.8 |
150.3 |
111.5 |
|
|
|
|
|
|
|
|
Cost of sales |
117.8 |
110.0 |
- |
- |
- |
|
Gain on Disp. of Property and Equip. |
0.0 |
-1.1 |
0.0 |
0.0 |
- |
|
Allow. for Doubtful Receivables |
0.0 |
-0.3 |
0.0 |
- |
- |
|
Interest Income from Deposit |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Doubtful Receivable Recovered |
0.0 |
0.0 |
0.0 |
- |
- |
|
Gain on disposal of AFS Investment |
0.0 |
0.0 |
- |
- |
- |
|
Excess of Fair Values of Identifiable As |
0.0 |
0.0 |
0.0 |
- |
- |
|
Disposal of a subsidiary |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Income |
-0.6 |
-0.6 |
-0.3 |
-0.2 |
-0.5 |
|
Provision for Stock Obsolescence |
- |
- |
0.0 |
- |
- |
|
Selling and distribution expenses |
8.8 |
8.1 |
- |
- |
- |
|
Administrative expenses |
8.1 |
7.6 |
- |
- |
- |
|
Other operating expenses |
0.4 |
0.7 |
7.1 |
6.7 |
5.5 |
|
Inventories/Finished Goods |
- |
- |
-5.6 |
-9.9 |
-2.4 |
|
Raw Materials/Consumables |
- |
- |
140.8 |
121.5 |
87.2 |
|
Net Foreign Exchange |
- |
- |
-0.4 |
-0.1 |
- |
|
Staff Costs |
- |
- |
15.3 |
12.4 |
10.4 |
|
Depreciation/Amortization |
- |
- |
1.9 |
1.9 |
1.8 |
|
Total Operating Expense |
134.5 |
124.4 |
158.7 |
132.3 |
101.9 |
|
|
|
|
|
|
|
|
Finance Costs |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Share of Results of Associate |
0.2 |
0.3 |
- |
- |
- |
|
Net Income Before Taxes |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Net Income After Taxes |
5.8 |
6.3 |
15.6 |
13.5 |
6.9 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.2 |
0.1 |
0.0 |
-0.1 |
-0.1 |
|
Net Income Before Extra. Items |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
339.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Basic EPS Including ExtraOrdinary Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
- |
- |
|
Diluted Net Income |
5.7 |
6.5 |
15.6 |
13.4 |
6.8 |
|
Diluted Weighted Average Shares |
389.7 |
389.7 |
391.2 |
352.6 |
342.1 |
|
Diluted EPS Excluding ExtraOrd Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
Diluted EPS Including ExtraOrd Items |
0.01 |
0.02 |
0.04 |
0.04 |
0.02 |
|
DPS-Common Stock |
0.01 |
0.01 |
0.01 |
0.06 |
0.00 |
|
Gross Dividends - Common Stock |
4.8 |
4.0 |
5.4 |
- |
1.2 |
|
Normalized Income Before Taxes |
7.6 |
6.8 |
19.0 |
16.9 |
8.8 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
1.7 |
1.1 |
3.4 |
3.4 |
1.9 |
|
Normalized Income After Taxes |
5.8 |
5.7 |
15.6 |
13.5 |
6.9 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
5.7 |
5.8 |
15.6 |
13.4 |
6.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Diluted Normalized EPS |
0.01 |
0.01 |
0.04 |
0.04 |
0.02 |
|
Interest |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Depreciation |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Amortization Intangible |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Rent Expenses |
0.5 |
0.4 |
0.6 |
0.7 |
0.5 |
|
Current Tax |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Current Tax - Total |
1.5 |
1.2 |
3.9 |
3.5 |
2.0 |
|
Deferred Tax |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Deferred Tax - Total |
0.0 |
0.0 |
-0.3 |
-0.1 |
0.0 |
|
Under ( Over) Provision in Prior Years |
0.2 |
0.0 |
-0.2 |
0.0 |
-0.1 |
|
Income Tax - Total |
1.7 |
1.2 |
3.4 |
3.4 |
1.9 |
|
Defined Contribution Plan |
- |
- |
1.0 |
0.8 |
- |
|
Total Pension Expense |
- |
- |
1.0 |
|
|
Interim
Income Statement
As Reported
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.276865 |
1.302733 |
1.356685 |
1.391803 |
1.402975 |
|
|
|
|
|
|
|
|
Revenue |
47.3 |
48.4 |
41.9 |
37.2 |
37.3 |
|
Total Revenue |
47.3 |
48.4 |
41.9 |
37.2 |
37.3 |
|
|
|
|
|
|
|
|
Other operating income |
-0.1 |
0.0 |
-0.2 |
-0.1 |
-0.1 |
|
Cost of sales |
40.5 |
40.5 |
35.0 |
- |
- |
|
Inventories/Finished Goods |
- |
- |
- |
7.4 |
-4.2 |
|
Selling and distribution expenses |
2.5 |
2.7 |
2.3 |
- |
- |
|
Administrative expenses |
2.4 |
2.6 |
2.4 |
- |
- |
|
Raw Materials/Consumables |
- |
- |
- |
29.4 |
34.4 |
|
Staff Costs |
- |
- |
- |
- |
3.7 |
|
Depreciation/Amortization |
- |
- |
- |
- |
0.5 |
|
Other Expense |
0.0 |
0.2 |
0.0 |
- |
1.8 |
|
Other Expense |
- |
- |
- |
-0.4 |
- |
|
Total Operating Expense |
45.3 |
46.0 |
39.5 |
36.4 |
36.1 |
|
|
|
|
|
|
|
|
Finance Costs |
-0.2 |
-0.2 |
-0.1 |
-0.2 |
-0.2 |
|
Share of profit of an associate |
0.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Net Income Before Taxes |
1.9 |
2.6 |
2.3 |
0.7 |
1.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
0.4 |
0.4 |
0.5 |
0.4 |
0.4 |
|
Net Income After Taxes |
1.4 |
2.2 |
1.9 |
0.3 |
0.6 |
|
|
|
|
|
|
|
|
Minority Interest |
-0.1 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Net Income Before Extra. Items |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
Net Income |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
399.8 |
410.1 |
389.5 |
391.5 |
389.9 |
|
Basic EPS Excluding ExtraOrdinary Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Basic EPS Including ExtraOrdinary Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Dilution Adjustment |
0.0 |
- |
- |
0.0 |
- |
|
Diluted Net Income |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
Diluted Weighted Average Shares |
399.8 |
410.1 |
389.5 |
391.5 |
389.9 |
|
Diluted EPS Excluding ExtraOrd Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Diluted EPS Including ExtraOrd Items |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
DPS-Common Stock |
0.00 |
0.00 |
0.00 |
0.01 |
0.00 |
|
Gross Dividends - Common Stock |
0.0 |
- |
0.0 |
2.8 |
0.0 |
|
Normalized Income Before Taxes |
1.9 |
2.6 |
2.3 |
0.7 |
1.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
0.5 |
0.4 |
0.5 |
0.4 |
0.4 |
|
Normalized Income After Taxes |
1.5 |
2.2 |
1.9 |
0.3 |
0.6 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
1.4 |
2.1 |
1.8 |
0.3 |
0.5 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Diluted Normalized EPS |
0.00 |
0.01 |
0.00 |
0.00 |
0.00 |
|
Interest |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Depreciation |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Amortization Intangible |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual
Balance Sheet
As Reported
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Restated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate |
1.3961 |
1.44735 |
1.35865 |
1.52945 |
1.58135 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Bank Balance |
10.3 |
11.5 |
9.3 |
3.3 |
4.3 |
|
Fixed Deposit |
0.7 |
1.1 |
0.7 |
0.0 |
- |
|
Trade Receivable |
41.6 |
30.6 |
53.3 |
47.2 |
35.6 |
|
Allowance for Doubtful Debts |
-0.8 |
-0.9 |
-1.3 |
-1.0 |
-0.9 |
|
Other Receivable/Prepaid |
- |
- |
- |
- |
0.6 |
|
Related parties |
0.6 |
2.7 |
- |
- |
- |
|
Other Receivables |
0.5 |
0.3 |
0.5 |
0.5 |
- |
|
Prepayments |
0.3 |
0.3 |
0.3 |
0.2 |
- |
|
Deposits |
0.1 |
0.1 |
0.1 |
- |
- |
|
Derivative Financial Instruments |
- |
0.0 |
0.0 |
0.0 |
0.1 |
|
Contract Work-in-progress |
- |
- |
- |
0.0 |
0.1 |
|
Raw Materials at Cost |
7.0 |
1.9 |
8.5 |
2.2 |
3.2 |
|
Work in Progress |
4.7 |
3.4 |
7.2 |
6.6 |
3.3 |
|
Finished Goods at Cost |
25.5 |
18.9 |
30.0 |
21.7 |
14.2 |
|
Goods in Transit |
2.3 |
1.1 |
1.8 |
2.6 |
- |
|
Total Current Assets |
92.8 |
70.8 |
110.4 |
83.3 |
60.6 |
|
|
|
|
|
|
|
|
Construction in Progress |
- |
0.0 |
0.0 |
0.7 |
0.0 |
|
Leasehold Prepayment |
0.6 |
0.6 |
0.6 |
0.2 |
0.0 |
|
Development Costs |
0.0 |
0.0 |
- |
0.1 |
0.1 |
|
Development Costs |
- |
- |
0.2 |
- |
- |
|
Associate |
1.8 |
1.6 |
0.0 |
- |
- |
|
Land |
- |
- |
- |
0.6 |
0.6 |
|
Investment Property |
1.1 |
1.1 |
1.1 |
- |
- |
|
Freehold Land |
0.9 |
0.9 |
0.6 |
- |
- |
|
Property |
1.6 |
1.5 |
0.0 |
1.0 |
1.0 |
|
Leasehold Land/Building |
13.2 |
12.7 |
14.7 |
12.9 |
12.4 |
|
Equipment/Furniture |
3.5 |
3.4 |
3.3 |
2.5 |
1.8 |
|
Plant/Machine |
13.6 |
12.9 |
14.7 |
12.3 |
11.4 |
|
Vehicle |
1.2 |
0.9 |
1.0 |
0.9 |
0.8 |
|
Depreciation |
-16.0 |
-13.9 |
-17.8 |
-14.6 |
-12.2 |
|
Impairement |
-0.4 |
-0.3 |
0.0 |
- |
- |
|
Available for Sale Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Tax |
0.2 |
0.2 |
0.4 |
0.2 |
0.2 |
|
Other Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Intangible, Gross |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Accumulated Amortisation |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Total Assets |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
Bank Overdraft/Borrowing |
19.3 |
7.6 |
27.9 |
16.8 |
16.6 |
|
Trade Payable |
13.7 |
10.3 |
18.1 |
18.4 |
12.8 |
|
Accruals |
2.6 |
1.6 |
3.0 |
2.4 |
- |
|
Customer Deposit |
1.0 |
0.4 |
0.1 |
0.1 |
- |
|
Other Payable |
1.1 |
0.4 |
4.0 |
2.0 |
2.9 |
|
Tax Payable |
1.6 |
1.1 |
3.8 |
3.4 |
2.1 |
|
Current Finance Lease |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Derivative Financial Instrument |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Current Borrowing |
0.3 |
0.7 |
0.5 |
1.2 |
1.1 |
|
Progress Billing |
- |
- |
- |
- |
0.0 |
|
Total Current Liabilities |
39.7 |
22.2 |
57.4 |
44.5 |
35.5 |
|
|
|
|
|
|
|
|
Finance Lease |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Borrowing |
1.8 |
1.5 |
1.1 |
1.2 |
2.0 |
|
Total Long Term Debt |
1.8 |
1.5 |
1.1 |
1.3 |
2.1 |
|
|
|
|
|
|
|
|
Deferred Tax |
0.6 |
0.6 |
0.5 |
0.5 |
0.6 |
|
Minority Interest |
1.4 |
1.6 |
2.1 |
1.7 |
1.3 |
|
Total Liabilities |
43.4 |
26.0 |
61.1 |
47.9 |
39.5 |
|
|
|
|
|
|
|
|
Issued Capital |
33.9 |
32.7 |
34.8 |
30.9 |
20.9 |
|
Treasury Shares |
-0.7 |
-0.7 |
-0.6 |
0.0 |
- |
|
Share Premium |
- |
- |
- |
- |
0.0 |
|
Revaluation Reserve |
2.7 |
2.6 |
1.3 |
1.2 |
1.2 |
|
Currency Translation |
-0.5 |
-0.6 |
-0.6 |
0.1 |
-0.1 |
|
Other Reserve |
-0.3 |
0.0 |
0.0 |
- |
- |
|
Hedging Reserve |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accumulated Profits |
35.7 |
32.3 |
33.2 |
19.9 |
15.1 |
|
Total Equity |
70.8 |
66.4 |
68.2 |
52.2 |
37.1 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
114.3 |
92.4 |
129.2 |
100.1 |
76.6 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
Total Common Shares Outstanding |
389.5 |
389.5 |
390.5 |
392.2 |
338.5 |
|
T/S-Common Stock |
2.7 |
2.7 |
1.7 |
0.0 |
- |
|
Amortization Intangible |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Deferred Revenue |
1.0 |
0.4 |
0.1 |
0.1 |
0.0 |
|
Shareholder |
3,688 |
3,786 |
3,834 |
3,917 |
2,708 |
|
Long Term Debt Payable within 1 Year |
0.3 |
0.7 |
0.5 |
1.2 |
1.1 |
|
Long term Debt Maturing within 5 Years |
1.8 |
1.5 |
1.1 |
1.2 |
2.0 |
|
Long Term Debt - Remaining Maturities |
- |
- |
- |
- |
0.0 |
|
Total Long Term Debt, Supplemental |
2.1 |
2.2 |
1.5 |
2.4 |
3.1 |
|
Capital Lease Payable within 1 Year |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Capital Lease Payable between 1-5 Years |
0.0 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Capital Leases Remaining Maturities |
- |
- |
- |
0.0 |
0.0 |
|
Finance Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Capital Leases |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Operating Lease Payable within 1 Year |
0.5 |
0.4 |
0.7 |
0.5 |
0.5 |
|
Operating Lease due between 2-5 Years |
1.5 |
1.2 |
1.5 |
1.4 |
1.6 |
|
Operating Leases - Remaining Maturities |
5.9 |
4.3 |
5.2 |
4.6 |
5.8 |
|
Total Operating Leases |
8.0 |
5.9 |
7.3 |
6.5 |
7.9 |
Interim
Balance Sheet
As Reported
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate |
1.2605 |
1.28105 |
1.31535 |
1.3961 |
1.39805 |
|
|
|
|
|
|
|
|
Cash/Bank Balance |
12.0 |
17.0 |
12.0 |
11.1 |
9.6 |
|
Trade Receivable |
49.7 |
48.7 |
44.4 |
41.4 |
39.0 |
|
Other Receivable/Prepaid |
0.9 |
0.7 |
0.6 |
0.9 |
0.7 |
|
Derivative financial instruments |
0.0 |
- |
0.0 |
- |
- |
|
Advances to subsidiaries |
0.0 |
- |
0.0 |
0.0 |
- |
|
Subsidiaries |
0.0 |
- |
- |
0.0 |
- |
|
Inventories |
50.2 |
41.7 |
40.4 |
39.5 |
35.0 |
|
Total Current Assets |
112.8 |
108.2 |
97.4 |
92.8 |
84.3 |
|
|
|
|
|
|
|
|
Associate |
2.5 |
2.5 |
2.0 |
1.8 |
1.8 |
|
Investment Property |
1.0 |
1.0 |
0.9 |
0.9 |
0.9 |
|
Property, plant and equipment |
19.1 |
19.0 |
18.6 |
18.0 |
18.2 |
|
Leasehold Prepayment |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
|
Intangible |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Available for Sale Investments |
- |
- |
- |
0.0 |
0.0 |
|
Other Investment |
- |
- |
- |
0.0 |
0.0 |
|
Deferred Tax |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Total Assets |
136.2 |
131.4 |
119.8 |
114.3 |
106.2 |
|
|
|
|
|
|
|
|
Bank Overdraft and other bank Borrowing |
26.6 |
22.3 |
15.6 |
19.3 |
15.6 |
|
Trade Payable |
18.5 |
17.7 |
16.6 |
13.7 |
12.4 |
|
Other Payable |
5.2 |
5.6 |
4.4 |
4.7 |
2.1 |
|
Income tax payable |
1.6 |
1.8 |
2.0 |
1.6 |
1.3 |
|
Current Finance Lease |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Current long term Borrowing |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Derivative financial instruments |
0.0 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Total Current Liabilities |
52.3 |
47.8 |
39.1 |
39.7 |
31.8 |
|
|
|
|
|
|
|
|
Finance Lease |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Borrowing |
1.7 |
1.8 |
1.8 |
1.8 |
1.9 |
|
Total Long Term Debt |
1.7 |
1.8 |
1.8 |
1.8 |
1.9 |
|
|
|
|
|
|
|
|
Deferred Tax |
0.7 |
0.7 |
0.7 |
0.6 |
0.7 |
|
Minority Interest |
1.5 |
1.6 |
1.5 |
1.4 |
1.4 |
|
Total Liabilities |
56.2 |
51.9 |
43.0 |
43.4 |
35.7 |
|
|
|
|
|
|
|
|
Issued Capital |
39.3 |
38.6 |
36.0 |
33.9 |
33.8 |
|
Treasury shares |
-0.8 |
-0.7 |
-0.7 |
-0.7 |
-0.7 |
|
Revaluation Reserve |
3.0 |
3.0 |
2.9 |
2.7 |
2.7 |
|
Currency Translation |
-1.3 |
-1.0 |
-0.8 |
-0.5 |
-0.4 |
|
Other Reserve |
-0.4 |
-0.3 |
-0.3 |
-0.3 |
-0.3 |
|
Accumulated Profits |
40.1 |
40.0 |
39.8 |
35.7 |
35.3 |
|
Total Equity |
80.0 |
79.5 |
76.8 |
70.8 |
70.5 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
136.2 |
131.4 |
119.8 |
114.3 |
106.2 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
399.8 |
399.8 |
389.5 |
389.5 |
389.5 |
|
Total Common Shares Outstanding |
399.8 |
399.8 |
389.5 |
389.5 |
389.5 |
|
T/S-Common Stock |
2.7 |
2.7 |
2.7 |
2.7 |
2.7 |
|
Long Term Debt within 1 Year |
26.9 |
22.7 |
16.0 |
19.6 |
15.9 |
|
Long Term Debt after 1 Year |
1.7 |
1.8 |
1.8 |
1.8 |
1.9 |
|
Total Long Term Debt, Supplemental |
28.7 |
24.5 |
17.7 |
21.4 |
17.8 |
Annual
Cash Flows
As Reported
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.407096 |
1.46646 |
1.437127 |
1.54887 |
1.645279 |
|
Auditor |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
Deloitte &
Touche LLP |
|
Auditor Opinion |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
7.6 |
7.5 |
19.0 |
16.9 |
8.8 |
|
Depreciation |
2.0 |
1.8 |
1.9 |
1.9 |
1.8 |
|
Amortization Intangible |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Dispose Assets |
0.0 |
- |
- |
- |
0.0 |
|
Gain on disposal of AFS Investment |
0.0 |
- |
- |
- |
- |
|
Club membership written off |
0.0 |
- |
- |
- |
- |
|
Assets Writeoff |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inventories written off |
0.0 |
0.2 |
- |
- |
- |
|
Write off of Stock Obsolescence |
0.0 |
0.0 |
0.3 |
0.5 |
0.4 |
|
Allowance for Doubtful Receivables |
0.1 |
-0.3 |
- |
- |
- |
|
(Reversal) Provision for Onerous Contrat |
0.6 |
-2.4 |
- |
- |
- |
|
Gain Derivative Fin. Inst |
0.0 |
0.0 |
-0.1 |
0.1 |
-0.1 |
|
Net foreign exchange loss |
- |
-1.1 |
0.1 |
0.0 |
- |
|
Gain on Disposal of Subsidiary |
0.0 |
0.0 |
0.0 |
- |
- |
|
Impairment Loss on Property & Plant |
0.0 |
0.3 |
0.0 |
- |
- |
|
Excess Fair Values of Identifiable Asset |
0.0 |
0.0 |
0.0 |
- |
- |
|
Share of Profit of an Associate |
-0.2 |
-0.3 |
0.0 |
- |
- |
|
Trade Receivable |
-7.7 |
16.3 |
-0.8 |
-9.7 |
-7.3 |
|
Other receivables |
-0.4 |
0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Contract W.I.P |
- |
0.0 |
0.0 |
0.1 |
0.1 |
|
Inventories |
-13.0 |
18.7 |
-10.8 |
-11.4 |
-3.8 |
|
Trade Payable |
3.0 |
-6.5 |
-2.1 |
4.8 |
0.2 |
|
Other Payable |
1.6 |
-1.7 |
2.1 |
1.4 |
1.1 |
|
Work In Progress |
- |
- |
0.0 |
0.0 |
0.0 |
|
Interest Received |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Tax Paid |
-1.1 |
-3.7 |
-3.7 |
-2.2 |
-1.2 |
|
Negative Goodgill Recognised |
- |
- |
- |
- |
0.0 |
|
Cash from Operating Activities |
-7.1 |
30.0 |
6.9 |
3.2 |
0.7 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-1.1 |
-0.8 |
-2.4 |
-1.2 |
-0.7 |
|
Dispose Assets |
0.0 |
1.2 |
0.5 |
0.0 |
0.1 |
|
Construction Work in Progress |
0.0 |
-0.6 |
-0.2 |
-0.7 |
0.0 |
|
Leasehold Prepayment |
0.0 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
Acquire Subsidiaries |
0.0 |
-0.8 |
0.0 |
- |
- |
|
Acquire Subsidiaries Interests |
-0.7 |
-0.1 |
0.0 |
- |
- |
|
Acquisition of Investment in Associate |
0.0 |
-1.2 |
0.0 |
- |
- |
|
Intangible |
0.0 |
0.0 |
0.0 |
- |
- |
|
Proceeds from disposal of AFS Investment |
0.0 |
0.0 |
- |
- |
- |
|
Developement Cost |
- |
- |
- |
- |
0.0 |
|
Disposal of Subsidiary |
0.0 |
0.0 |
0.0 |
- |
- |
|
Cash from Investing Activities |
-1.8 |
-2.4 |
-2.2 |
-2.0 |
-0.6 |
|
|
|
|
|
|
|
|
Proceeds from Short-Term Bank Borrowings |
34.7 |
38.5 |
- |
- |
- |
|
Repayment of Short-Term Bank Borrowings |
-23.1 |
-57.1 |
- |
- |
- |
|
ST Loans |
- |
- |
9.6 |
-1.0 |
4.3 |
|
Pay Finance Lease |
0.0 |
0.0 |
-0.1 |
0.0 |
-0.1 |
|
Proceeds from Long-Term Bank Borrowings |
0.7 |
1.0 |
- |
- |
- |
|
Repayment of Long-Term Bank Borrowings |
-1.0 |
-0.8 |
- |
- |
- |
|
LT Borrowing, Net |
- |
- |
-1.1 |
-0.8 |
-1.4 |
|
Capital Contribution by Minority Shares |
0.0 |
0.1 |
0.3 |
0.4 |
0.0 |
|
Right Issue Expenses |
- |
- |
0.0 |
-0.2 |
0.0 |
|
Issue Shares |
- |
- |
- |
- |
0.0 |
|
Issuan. of Shares Pursuant to Excercise |
- |
- |
0.0 |
1.0 |
- |
|
Interest Paid |
-0.6 |
-0.9 |
-1.1 |
-1.1 |
-0.8 |
|
Shares buy back |
0.0 |
-0.1 |
-0.5 |
0.0 |
- |
|
Dividend Paid |
-3.5 |
-5.3 |
-5.4 |
-0.8 |
-1.4 |
|
Minority Dividend |
-0.2 |
-0.2 |
0.0 |
-0.1 |
-0.3 |
|
Cash from Financing Activities |
7.1 |
-24.8 |
1.7 |
-2.7 |
0.3 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.3 |
0.0 |
0.7 |
-0.3 |
-0.1 |
|
Net Change in Cash |
-1.5 |
2.8 |
7.0 |
-1.8 |
0.3 |
|
|
|
|
|
|
|
|
Beginning Cash |
11.6 |
8.3 |
1.4 |
3.1 |
2.6 |
|
Ending Cash |
10.0 |
11.1 |
8.5 |
1.3 |
2.9 |
|
Cash Interest Paid |
0.6 |
0.9 |
1.1 |
1.1 |
0.8 |
|
Cash Taxes Paid |
1.1 |
3.7 |
3.7 |
2.2 |
1.2 |
Interim
Cash Flows
As Reported
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
31-Mar-2010 |
|
Period Length |
9 Months |
6 Months |
3 Months |
12 Months |
9 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
SGD |
SGD |
SGD |
SGD |
SGD |
|
Exchange Rate
(Period Average) |
1.312451 |
1.329786 |
1.356685 |
1.407096 |
1.412045 |
|
|
|
|
|
|
|
|
Net Income |
6.8 |
4.9 |
2.3 |
7.6 |
6.9 |
|
Depreciation |
1.5 |
1.0 |
0.5 |
2.0 |
1.5 |
|
Amortisation expense |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
FV of derivatives |
- |
0.0 |
- |
- |
- |
|
Interest Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Expense |
0.5 |
0.3 |
0.1 |
0.6 |
0.4 |
|
Allowance for doubtful recievables |
0.0 |
0.0 |
- |
0.1 |
0.0 |
|
Reversal of Allowance for Inventories |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Invent0ries Written Down |
0.0 |
- |
- |
0.0 |
0.0 |
|
Fair Value Adjustment on Derivative |
0.0 |
- |
-0.1 |
0.0 |
0.0 |
|
Property Written Off |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Gain on disposal of property, plant and |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Gain on Disposal of AFS |
0.0 |
- |
- |
0.0 |
0.0 |
|
Share of Profit of an Associate |
-0.5 |
- |
-0.1 |
-0.2 |
-0.1 |
|
Share of Profit of Associate |
- |
-0.5 |
- |
- |
- |
|
Club membership written off |
- |
- |
- |
0.0 |
- |
|
Dispose Investment |
- |
0.0 |
- |
- |
- |
|
Allowance for doubtful receivables |
- |
- |
0.0 |
- |
- |
|
Provision for Onerous Contract |
- |
- |
- |
0.6 |
- |
|
Trade receivables |
-4.4 |
-3.8 |
-0.7 |
-7.7 |
-5.3 |
|
Other receivables |
0.1 |
0.2 |
0.3 |
-0.4 |
-0.1 |
|
Inventories |
-6.9 |
1.0 |
1.4 |
-13.0 |
-8.6 |
|
Trade payables |
3.3 |
2.6 |
2.0 |
3.0 |
1.6 |
|
Other payables |
0.3 |
0.6 |
-0.4 |
1.6 |
-0.4 |
|
Interest Received |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Income tax paid |
-1.4 |
-0.8 |
-0.1 |
-1.1 |
-1.3 |
|
Cash from Operating Activities |
-0.9 |
5.6 |
5.2 |
-7.1 |
-5.3 |
|
|
|
|
|
|
|
|
Proceeds from disposal of available-for- |
0.0 |
0.0 |
- |
- |
0.0 |
|
Disposal of Subsidiary |
- |
- |
- |
0.0 |
- |
|
Investment in Associates |
- |
- |
- |
0.0 |
0.0 |
|
Purchase of property, plant and equipmen |
-1.1 |
-0.6 |
-0.2 |
-1.1 |
-0.9 |
|
Proceeds from disposal of property, plan |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Construction in Progress |
- |
- |
- |
0.0 |
- |
|
Leasehold Prepayment |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Acquire Subsidiaries |
- |
0.0 |
- |
0.0 |
0.0 |
|
Acquire Subsidiaries Interests |
0.0 |
- |
- |
-0.7 |
-0.7 |
|
Purchase of Leasehold prepayments |
- |
0.0 |
- |
- |
- |
|
Acquisition of Intangible |
- |
- |
- |
0.0 |
- |
|
Proceeds from disposal of AFS Invest. |
- |
- |
- |
0.0 |
- |
|
Cash from Investing Activities |
-1.0 |
-0.7 |
-0.2 |
-1.8 |
-1.5 |
|
|
|
|
|
|
|
|
Proceeds from Short-Term Borowings |
67.5 |
36.9 |
15.4 |
34.7 |
20.2 |
|
Repayment of Short-Term Borrowings |
-61.7 |
-35.1 |
-20.6 |
-23.1 |
-13.4 |
|
Pay Finance Lease, Net |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Proceeds from Long-Term Bank Borrowings |
0.0 |
0.0 |
- |
0.7 |
0.7 |
|
Repayment of long-Term Borrowings |
-0.3 |
-0.2 |
-0.1 |
-1.0 |
-0.9 |
|
Capital Contribution By Min. Shareholder |
0.0 |
- |
- |
0.0 |
0.0 |
|
Shares Buy-Back |
- |
- |
- |
- |
0.0 |
|
Dividend Paid |
-3.1 |
-1.3 |
- |
-3.5 |
-3.4 |
|
Minority Dividend |
-0.2 |
- |
- |
-0.2 |
-0.2 |
|
Interest paid |
-0.5 |
-0.3 |
-0.1 |
-0.6 |
-0.4 |
|
Cash from Financing Activities |
1.6 |
0.0 |
-5.4 |
7.1 |
2.5 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
0.2 |
0.0 |
-0.1 |
0.3 |
0.2 |
|
Net Change in Cash |
-0.1 |
4.9 |
-0.5 |
-1.5 |
-4.1 |
|
|
|
|
|
|
|
|
Beginning Cash |
10.8 |
10.6 |
10.4 |
11.6 |
11.5 |
|
Ending Cash |
10.6 |
15.5 |
9.9 |
10.0 |
7.5 |
|
Cash Interest Paid |
0.5 |
0.3 |
0.1 |
0.6 |
0.4 |
|
Cash Taxes Paid |
1.4 |
0.8 |
0.1 |
1.1 |
1.3 |
Geographic
Segments
Financials in: As Reported (mil)
|
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Business
Segments
Financials in: As Reported (mil)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
UK Pound |
1 |
Rs.72.21 |
|
Euro |
1 |
Rs.62.87 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.