DUTY FREE INTERNATIONAL LIMITED DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
UNAUDITED FINANCIAL STATEMENTS FOR THE FOURTH
QUARTER AND FULL YEAR ENDED
28 FEBRUARY 2019
1
DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
Part 1 - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1,Q2 & Q3), HALF-YEAR AND FULL YEAR RESULTS
1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year
Consolidated Income Statement | |||||||
Group | Group | ||||||
Fourth quarter ended | Full year ended | ||||||
28 February | 28 February | ||||||
Restated | Restated | ||||||
2019 | 2018 | Increase/ | 2019 | 2018 | Increase/ | ||
(Unaudited) | (Unaudited) | (Decrease) | (Unaudited) | (Unaudited) | (Decrease) | ||
Note | RM '000 | RM '000 | % | RM '000 | RM '000 | % | |
Revenue | 167,481 | 168,560 | -0.6% | 556,326 | 611,577 | -9.0% | |
Changes in inventories | (5,235) | (31,177) | -83.2% | 37,954 | (64,086) | -159.2% | |
Inventories purchased and material consumed | (113,545) | (87,595) | 29.6% | (418,457) | (361,596) | 15.7% | |
Other operating income | 1(a)(ii) | 4,592 | 3,878 | 18.4% | 17,542 | 14,146 | 24.0% |
Employee benefits expenses | (9,367) | (8,764) | 6.9% | (36,720) | (36,020) | 1.9% | |
Rental of premises | (12,447) | (11,940) | 4.2% | (47,818) | (45,896) | 4.2% | |
Utilities and maintenance expenses | (1,314) | (1,301) | 1.0% | (5,361) | (5,505) | -2.6% | |
Depreciation and amortisation | (1,713) | (1,301) | 31.7% | (6,231) | (5,426) | 14.8% | |
Commission expenses | (661) | (443) | 49.2% | (2,661) | (1,908) | 39.5% | |
Professional fees | (942) | (276) | 241.3% | (2,981) | (394) | 656.6% | |
Promotional expenses | (555) | (388) | 43.0% | (1,865) | (1,417) | 31.6% | |
Financial expenses | (195) | (106) | 84.0% | (552) | (345) | 60.0% | |
Gain arising from changes in fair value of option | - | - | 0.0% | 1,017 | 7,977 | -87.3% | |
Realised foreign exchange gain | 633 | 1,125 | -43.7% | 1,076 | 1,721 | -37.5% | |
Unrealised foreign exchange (loss)/gain | (2,123) | (5,655) | -62.5% | 4,229 | (19,525) | -121.7% | |
Other operating expenses | 1(a)(iii) | (9,008) | (7,615) | 18.3% | (28,046) | (24,314) | 15.3% |
Profit before income tax | 15,601 | 17,002 | -8.2% | 67,452 | 68,989 | -2.2% | |
Income tax expenses | 1(a)(iv) | (3,709) | (5,464) | -32.1% | (14,877) | (20,769) | -28.4% |
Profit for the period | 11,892 | 11,538 | 3.1% | 52,575 | 48,220 | 9.0% | |
Profit attributable to: | |||||||
Owners of the Company | 9,964 | 9,294 | 7.2% | 46,517 | 41,668 | 11.6% | |
Non-controlling interests | 1,928 | 2,244 | -14.1% | 6,058 | 6,552 | -7.5% | |
11,892 | 11,538 | 3.1% | 52,575 | 48,220 | 9.0% | ||
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DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
1 (a)(i) An income statement and statement of comprehensive income, or a statement of comprehensive income, (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year (cont'd)
Consolidated Statement of Comprehensive Income | ||||||
Group | Group | |||||
Fourth quarter ended | Full year ended | |||||
28 February | 28 February | |||||
Restated | Restated | |||||
2019 | 2018 | Increase/ | 2019 | 2018 | Increase/ | |
(Unaudited) | (Unaudited) | (Decrease) | (Unaudited) | (Unaudited) | (Decrease) | |
RM '000 | RM '000 | % | RM '000 | RM '000 | % | |
Profit for the period | 11,892 | 11,538 | 3.1% | 52,575 | 48,220 | 9.0% |
Other comprehensive income: | ||||||
Foreign currency translation | (635) | - | n.m | (168) | - | n.m |
Total comprehensive income for the period | ||||||
11,257 | 11,538 | -2.4% | 52,407 | 48,220 | 8.7% | |
Total comprehensive income attributable to: | ||||||
Owners of the Company | 9,488 | 9,294 | 2.1% | 46,365 | 41,668 | 11.3% |
Non-controlling interests | 1,769 | 2,244 | -21.2% | 6,042 | 6,552 | -7.8% |
11,257 | 11,538 | -2.4% | 52,407 | 48,220 | 8.7% | |
n.m - denotes not meaningful
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DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
1(a)(ii) Other operating income | ||||||
Other operating income includes:- | ||||||
Group | Group | |||||
Fourth quarter ended | Full year ended | |||||
28 February | 28 February | |||||
2019 | 2018 | Increase/ | 2019 | 2018 | Increase/ | |
(Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) | ||||||
RM '000 | RM '000 | % | RM '000 | RM '000 | % | |
Rental income from: | ||||||
- advertisement space | 710 | 876 | -18.9% | 3,017 | 3,446 | -12.4% |
- property, plant and equipment | 130 | 139 | -6.5% | 521 | 574 | -9.2% |
Commission income | 132 | 265 | -50.2% | 187 | 431 | -56.6% |
Incentive income | 67 | 58 | 15.5% | 298 | 248 | 20.2% |
Interest income | 3,031 | 2,212 | 37.0% | 11,542 | 7,638 | 51.1% |
Gain on disposal of property, plant and equipment | - | - | 0.0% | 29 | 25 | 16.0% |
Promotion income | 334 | 178 | 87.6% | 1,089 | 391 | 178.5% |
Sundry income | 109 | 68 | 60.3% | 526 | 460 | 14.3% |
1(a)(iii) Other operating expenses
Other operating expenses is arrived at after charging/(crediting) the following:-
Group | Group | |||||
Fourth quarter ended | Full year ended | |||||
28 February | 28 February | |||||
2019 | 2018 | Increase/ | 2019 | 2018 | Increase/ | |
(Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) (Decrease) | ||||||
RM '000 | RM '000 | % | RM '000 | RM '000 | % | |
Assessment and quit rent | 284 | 318 | -10.7% | 1,013 | 1,026 | -1.3% |
Auditors' remuneration | 367 | 244 | 50.4% | 1,107 | 1,012 | 9.4% |
Bank charges | 405 | 467 | -13.3% | 1,764 | 1,321 | 33.5% |
Donations | 15 | 1,016 | -98.5% | 3,072 | 1,071 | 186.8% |
Insurance | 316 | 414 | -23.7% | 1,346 | 1,730 | -22.2% |
Inventory/(reversal of inventory) written down | 1,404 | (176) | -897.7% | 2,469 | 301 | 720.3% |
Inventory written off | 64 | 30 | 113.3% | 124 | 157 | -21.0% |
(Gain)/Loss arising from changes in fair value of biological | ||||||
assets | (45) | 13 | -446.2% | 49 | 35 | 40.0% |
Management fee | 1,180 | 1,201 | -1.7% | 3,341 | 4,199 | -20.4% |
Packing materials | 450 | 187 | 140.6% | 1,091 | 780 | 39.9% |
Transportation costs | 1,370 | 579 | 136.6% | 2,698 | 1,987 | 35.8% |
Travelling expenses | 364 | 300 | 21.3% | 1,362 | 1,260 | 8.1% |
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DUTY FREE INTERNATIONAL LIMITED
(Company Registration No. 200102393E)
(Incorporated in the Republic of Singapore)
1(a)(iv) Income tax expenses | ||||||
Group | Group | |||||
Fourth quarter ended | Full year ended | |||||
28 February | 28 February | |||||
2019 | 2018 | Increase/ | 2019 | 2018 | Increase/ | |
(Unaudited) (Unaudited) (Decrease) (Unaudited) (Unaudited) | (Decrease) | |||||
RM '000 | RM '000 | % | RM '000 | RM '000 | % | |
Current income tax attributable to continuing operations | ||||||
- current income tax | 4,228 | 5,714 | -26.0% | 15,897 | 21,328 | -25.5% |
- over provision in respect of previous years | 71 | 18 | 293.9% | (709) | (168) | 322.0% |
4,299 | 5,732 | -25.0% | 15,188 | 21,160 | -28.2% | |
Deferred income tax attributable to continuing operations | (590) | (268) | 120.1% | (311) | (391) | -20.5% |
Income tax expense recognised in profit or loss | 3,709 | 5,464 | -32.1% | 14,877 | 20,769 | -28.4% |
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Duty Free International Limited published this content on 25 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 April 2019 09:57:11 UTC
