WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
62
CONSOLIDATED STATEMENT OF PROFIT OR
LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED MARCH 31, 2016
NOTES
2016
2015
HK$’000
HK$’000
Revenue
30
3,642,246
3,391,997
Cost of sales
(3,322,606)
(3,082,332)
Gross profit
319,640
309,665
Other operating income
31
2,911
3,490
Distribution costs
(47,024)
(45,267)
Administrative expenses
(200,826)
(206,186)
Share of loss of associates
21
(38,273)
(6,486)
Impairment loss recognised in respect of interests
in associates
21
(70,080)
–
Other gains and losses
32
(5,676)
(1,164)
Amortisation of financial guarantee liabilities
39
2,256
5,237
Finance costs
33
(20,879)
(16,937)
(Loss) Profit before tax
(57,951)
42,352
Income tax expense
34
(12,093)
(12,137)
(Loss) Profit for the year
35
(70,044)
30,215
Other comprehensive (expense) income:
Items that will not be reclassified to profit or loss:
– Gain on revaluation of properties
–
121,314
– Income tax relating to gains recognised
in other comprehensive income
–
(24,695)
–
96,619
Items that may be reclassified subsequently to profit or loss:
– Exchange differences on translation of
overseas operations
(11,603)
(278)
– Release of exchange differences upon
dissolution of overseas operations
(51)
280
(11,654)
2
Other comprehensive (expense) income for the year,
net of tax
(11,654)
96,621
Total comprehensive (expense) income for the year
(81,698)
126,836
See accompanying notes to financial statements.
