Page 12 - ar2011

10
Consolidated Income Statement
Group
Year Ended
31 Dec 10
S$’000
31 Dec 11
S$’000
+ / -
%
Revenue
Exhibitions & Museums 104,833 99,402 -5.2%
Interiors 115,378 144,098 24.9%
Research & Design 6,430 8,572 33.3%
Integrated Marketing Communications 6,990 8,916 27.6%
Total revenue + 233,631 260,988 11.7%
Cost of sales (169,754) (194,323) 14.5%
Gross proft 63,877 66,665 4.4%
Other items of income
Interest income 190 227 19.5%
Other income 4,295 3,935 -8.4%
Other items of expense
Depreciation of property, plant and equipment (1,624) (1,525) -6.1%
Staff salaries and related expenses (35,404) (37,851) 6.9%
Other expenses (11,625) (12,040) 3.6%
Interest expense (84) (173) 106.0%
Share of results of associates 87 569 554.0%
Proft before tax 19,712 19,807 0.5%
Income tax expense (3,543) (3,050) -13.9%
Proft net of tax 16,169 16,757 3.6%
Proft attributable to:
Owners of the Company 15,066 16,327 8.4%
Non-controlling interests 1,103 430 -61.0%
16,169 16,757
+ Labour services income has been reclassifed from revenue to other income to conform with current year’s classifcation
kingsmen creatives ltd
FINANCIAL
HIGHLIGHTS