Consolidated statement of profit or loss
Group
Year Ended 31 Dec 15
Year Ended 31 Dec 14
+ / (–)
S$’000
S$’000
%
Revenue
Exhibitions & Museums
172,306
136,455
26.3
Retail & Corporate Interiors
128,992
174,344
(26.0)
Research & Design
15,008
12,928
16.1
Alternative Marketing
11,597
12,686
(8.6)
Total revenue
327,903
336,413
(2.5)
Cost of sales
(244,226)
(251,573)
(2.9)
Gross profit
83,677
84,840
(1.4)
Other items of income
Interest income
389
441
(11.8)
Other income
10,947
5,229
109.4
Other items of expense
Depreciation of property, plant and equipment
(2,310)
(2,083)
10.9
Employee benefits expense
(56,702)
(54,092)
4.8
Other expenses
(13,032)
(13,761)
(5.3)
Interest expense
(630)
(241)
161.4
Share of results of associates
(698)
1,021
n/m
Profit before tax
21,641
21,354
1.3
Income tax expense
(2,555)
(3,595)
(28.9)
Profit net of tax
19,086
17,759
7.5
Profit net of tax attributable to:
Equity holders of the Company
19,068
17,155
11.2
Non-controlling interests
18
604
(97.0)
Profit net of tax
19,086
17,759
7.5
Note:
n/m = not meaningful
financial
highlights
• e x p e r i e n c i n g
k i n g s m e n
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