43 |
P a g e
TRINIDAD CEMENT LIMITED
6.2
FIVE YEAR SUMMARY CONSOLIDATED FINANCIAL STATEMENTS TO 31 DECEMBER
2014
SUMMARY CONSOLIDATED STATEMENTS OF INCOME
For the year ended 31 December
(Amounts expressed in TT$' 000s )
2010
2011
Restated
2012
Restated
2013
Restated
2014
Continuing Operations
Revenue
1,561,084 1,560,860 1,615,888 1,930,553
2,103,074
Earnings before interest , tax, depreciation
impairment, loss on disposal of assets
and restructuring expenses
161,917
98,884
169,423
407,725
407,845
Depreciation
(165,975)
(151,814)
(145,414)
(126,266)
(131,113)
Impairment charges/reversals and (write offs')
- 118,885
(17,963)
(2,427)
(155,937)
Gain / (loss) on disposal of property , plant and equipment
7,084
(3,429)
(6,806)
(2,484)
(3,963)
Operating profit/(loss)
3,026 62,526
(760)
276,548
116,832
Restructuring expenses
-
(67,901)
(112,163)
-
-
Finance costs
(148,364)
(166,082)
(238,813)
(237,659)
(213,551)
(Loss)/profit before taxation from continuing operations
(145,338)
(171,457)
(351,736)
38,889
(96,719)
Taxation credit (charge)
69,264
(50,343)
7,209 34,005
(108,584)
(Loss)/profit for the year from continuing operations
(76,074)
(221,800)
(344,527)
72,894
(205,303)
Discontinued Operations
Operating loss for the year from discontinued operations
(4,253)
(1,681) -
(5,613)
(5,716)
Gain on disposal of discontinued operations
-
11,092
-
-
-
Net (loss)/income for the year from discontinued operations
(4,253)
9,411 -
(5,613)
(5,716)
(Loss)/profit for the year
(80,327)
(212,389)
(344,527)
67,281
(211,019)
Attributable to :
Shareholders of the parent
(48,549)
(167,169)
(292,913)
58,199
(214,394)
Non -controlling interests
(31,778)
(45,220)
(51,614)
9,082
3,375
(80,327)
(212,389)
(344,527)
67,281
(211,019)
Basic and diluted (Loss)/earnings per share
(expressed in $ per share )
(0.20)
(0.68)
(1.19)
0.24
(0.87)
