OPERATING AND
FINANCIAL REVIEW
(CONT'D)
FINANCIAL REVIEW
On 29 February 2016, ISOTeam issued 142,933,295 ordinary shares following its one-for-one bonus issue, raising
the aggregate number of issued shares excluding treasury shares to 284,665,956 shares. As a result, the number
of ordinary shares used for the earning per share and net assets value per share calculations has been adjusted
retrospectively as required by FRS 33.
Income Statement
FY2016
($’000)
FY2015
($’000)
Change
($’000)
Change
(%)
Revenue
- R&R
40,248
54,467
(14,219)
(26.1)
- A&A
24,390
17,403
6,987
40.1
- C&P
11,750
3,550
8,200
231.0
- Others
17,761
6,232
11,529
185.0
Total revenue
94,149
81,652
12,497
15.3
Cost of sales
(69,993)
(61,499)
8,494
13.8
Gross Profit
- R&R
14,943
16,109
(1,166)
(7.2)
- A&A
4,945
2,496
2,449
98.1
- C&P
2,496
485
2,011
NM
- Others
1,772
1,063
709
66.7
Total gross profit
24,156
20,153
4,003
19.9
Gross Profit Margin
- R&R
37.1%
29.6%
NA
7.5 points
- A&A
20.3%
14.3%
NA
6.0 points
- C&P
21.2%
13.7%
NA
7.5 points
- Others
10.0%
17.1%
NA
(7.1) points
Overall gross profit margin
25.7%
24.7%
NA
1.0 points
Other Income
1,926
947
979
103.4
Expenses
- Marketing and distribution
(1,844)
(1,092)
752
68.9
- General and administrative
(12,067)
(9,466)
2,601
27.5
- Finance costs
(383)
(252)
131
52.0
- Other operating expenses
(1,497)
(771)
726
94.2
Profit before tax
10,291
9,519
772
8.1
Tax expense
(709)
(1,413)
(704)
(49.8)
Profit for the year
9,582
8,106
1,476
18.2
Profit attributable to:
- Owners of the Company
9,227
8,124
1,103
13.6
- Non-controlling interests
355
(18)
373
NM
9,582
8,106
1,476
18.2
Net attributable profit margin
9.8%
9.9%
NA
(0.1) points
NA: Not Applicable
NM: Denotes “Not Meaningful” for a percentage change that is more than 300%
32
ISOTEAM LTD.
ANNUAL REPORT 2016
