Trinidad Cement Limited
Annual Report 2012
46
Notes
2012
2011
$
$
Continuing operations
Revenue
1,615,888
1,560,860
Earnings before interest, tax and depreciation
3
159,973
87,703
Depreciation
8
(149,486)
(170,979)
Impairment charges and write-offs
3
(88,552)
(79,386)
Loss on disposal of property, plant and equipment
3
(6,806)
(3,429)
Operating loss
3
(84,871)
(166,091)
Restructuring expenses
4
(49,143)
(103,201)
Finance costs
5
(244,655)
(187,960)
Loss before taxation from continuing operations
(378,669)
(457,252)
Taxation
6
(5,041)
72,823
Loss for the year from continuing operations
(383,710)
(384,429)
Discontinued operations
Operating loss for the year from discontinued operations
26
–
(1,681)
Gain on disposal of discontinued operations
26
–
11,092
Net income for the year from discontinued operations
–
9,411
Loss for the year
(383,710)
(375,018)
Attributable to:
Shareholders of the parent
(319,949)
(325,315)
Non-controlling interests
(63,761)
(49,703)
(383,710)
(375,018)
Basic (loss)/earnings per share:
From continuing operations (expressed in $ per share)
7
($1.30)
($1.35)
From discontinued operations (expressed in $ per share)
7
–
0.03
($1.30)
($1.32)
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Income
For the year ended 31 December, 2012
(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)
