Statement of Comprehensive Income

The following table is our pro forma consolidated statements of profit or loss and other comprehensive income for the past four (4) financial years up to the Financial Year Ended 31 December 2014, which have been prepared for illustrative purposes only based on the audited financial statements of the companies in our Group and on the assumption that the current structure of our Group has been in existence throughout the financial years under review.

Our pro forma consolidated statements of profit or loss and other comprehensive income should be read in conjunction with the Reporting Accountants' Letter on the Compilation of Pro Forma Financial Information as set out in Section 11.4 of our Prospectus.

  Pro Forma (Audited)
Financial Year Ended 31 December 2011 2012 2013 2014
No. of Months 12 12 12 12
  RM'000 RM'000 RM'000 RM'000
 
Revenue 74,435 91,217 97,895 110,633
Cost of sales (56,172) (62,704) (66,993) (73,144)
Gross profit (GP) 18,263 28,513 30,902 37,489
Other income 985 754 286 294
  19,248 29,267 31,188 37,783
Selling and distribution expenses (656) (531) (507) (649)
Administrative expenses (9,260) (12,091) (13,666) (16,735)
Profit from operations 9,332 16,645 17,015 20,399
Finance costs (744) (1,388) (1,236) (1,979)
Profit before taxation (PBT) 8,588 15,257 15,779 18,420
Income tax expense (2,257) (2,474) (1,793) (2,564)
Profit after taxation (PAT) 6,331 12,783 13,986 15,856
 
Other comprehensive income  
Item that will not be reclassified subsequently to profit or loss        
- Revaluation of properties - - 18,139 -
Items that may be reclassified subsequently to profit or loss        
- Fair value changes of available-for-sale financial assets (28) 9 12 -
- Realisation of fair value reserve upon disposal of available-for-sale financial assets - - - 5
Total comprehensive income 6,303 12,792 32,137 15,861
 
PAT attributable to:  
Owners of the Company 6,334 12,685 13,876 15,754
Holders of non-controlling interests (3) 98 110 102
  6,331 12,783 13,986 15,856
 
Total comprehensive income attributable to:  
Owners of the Company 6,306 12,694 32,027 15,759
Holders of non-controlling interests (3) 98 110 102
  6,303 12,792 32,137 15,861
 
Gross Earnings Per Share (EPS) (sen) (1) 4.77 8.48 8.77 10.23
Net EPS (sen) (1) 3.52 7.05 7.71 8.75

Note:

(1) The gross EPS and net EPS were computed by dividing the PBT and PAT attributable to owners of the Company respectively by the enlarged number of ordinary shares in issue during the relevant financial years.

* Please read this section in conjunction with Section 2.4.1 from page 8 to page 9 of Xin Hwa Holdings Berhad's Prospectus dated 11 June 2015.

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