Issuer/ Manager

GP BATTERIES INTERNATIONAL LIMITED

Securities

GP BATTERIES INT LTD - SG0964000491 - G08

Stapled Security

No

Financial Statements and Related Announcement::Third Quarter Results Issuer & Securities Announcement Details

Announcement Title

Financial Statements and Related Announcement

Date & Time of Broadcast

08-Feb-2017 18:21:14

Status

New

Announcement Sub Title

Third Quarter Results

Announcement Reference

SG170208OTHRDVU9

Submitted By (Co./ Ind. Name)

Kelly Kiar Lee Noi

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)

Third Quarter Financial Statement for the period ended 31 December 2016.

Additional Details For Financial Period Ended 31/12/2016 Third Quarter Financial Statement For the Period Ended 31 December 2016 PART I INFORMATION REQUIRED FOR QUARTERLY (Q1, Q2 & Q3), HALF‐YEAR AND FULL YEAR ANNOUNCEMENTS 1(a) 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.

Group income statement for the third quarter ("Q3") and nine‐month ("YTD") ended 31 December 2016. These figures have not been audited.

Q3 ended Q3 ended

YTD ended YTD ended

Note 31 Dec 2016 31 Dec 2015 Change 31 Dec 2016 31 Dec 2015 Change

S$'000 S$'000 %

Restated

S$'000

S$'000 %

Restated

Revenue

196,684

193,096

1.9 568,101 595,588

(4.6)

Cost of sales

(152,335) (146,705)

3.8 (442,103) (458,349) (3.5)

Gross profit

Other operating income & expenses

44,349

8,393

46,391 (4.4) 125,998 137,239

2,214 279.1 17,026 16,356

(8.2)

4.1

Distribution expenses Administrative expenses Finance co ts

(19,979)

(23,178)

(1,699)

(15,259) 30.9 (50,325) (52,526) (4.2)

(23,688) (2.2) (65,517) (66,867) (2.0)

(1,856) (8.5) (5,030) (5,080) (1.0)

Profit befo e share of results of associates

7,886

7,802

1.1 22,152 29,122

(23.9)

Share of results of associates

2,857 1,326 115.5 5,791 3,690

56.9

Profit befo e income tax

A 10,743

9,128 17.7 27,943 32,812

(14.8)

Income tax

B (3,583)

(4,918) (27.1) (10,936) (9,888) 10.6

Profit after income tax

Attributable to:

Equity holders of the Company

7,160

3,670

4,210 70.1 17,007 22,924

651 463.7 7,505 13,238

(25.8)

(43.3)

Non‐controlling interests

3,490 3,559 (1.9) 9,502 9,686

(1.9)

7,160

4,210 70.1 17,007 22,924

(25.8)

Gross profit margin

22.5%

24.0%

22.2% 23.0%

Certain comparative figures have been restated

Statement of Comprehensive Income

Q3 ended

Q3 ended

YTD ended

YTD ended

31 Dec 2016

31 Dec 2015

31 Dec 2016

31 Dec 2015

The Group

S$'000

S$'000

S$'000

S$'000

Profit for the period 7,160 4,210 17,007 22,924 Other comprehensive income:

Items that may be subsequently reclassified to Profit or Loss:

Translation differences arising from consolidation

of foreign operations 3,652 (7,902) (3,242) (13,968) Fair value gain (loss) on available‐for‐sale

financial assets

94

331

124

(627)

Other comprehensive income (loss) for the period

3,746

(7,571)

(3,118)

(14,595)

Total comprehensive income for the period

10,906

(3,361)

13,889

8,329

Total comprehensive income for the period attributable to:

Equity holders of the Company

4,908

(5,527)

3,033

(750)

Non‐controlling interests 5,998 2,166 10,856 9,079

10,906 (3,361) 13,889 8,329

Notes to the Income Statement

Q3 ended 31 Dec 2016

Q3 ended 31 Dec 2015

YTD ended 31 Dec 2016

YTD ended 31 Dec 2015

(A) Profit before taxation is arrived at after

S$'000

S$'000

S$'000

S$'000

crediting (charging) the following:

Depreciation

(5,124)

(4,060)

(13,656)

(14,930)

Foreign exchange gain(i)

8,656

1,063

12,588

9,887

Gain on disposal of property, plant and equipment, net (i)

82

39

3,182

4,090

Government grant (i)

1,054

495

1,737

1,659

(B) Income tax is inclusive of:

Over/(under) provision in respect of prior years' taxation 46 150 669 1,326

(i) Included in other operating income/other operating expenses in the consolidated statement of profit or loss

1(b)(i) A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year.

Note

The Group The Compa ny

31 Dec 2016 31 Ma r 2016 31 Dec 2016 31 Ma r 2016

S$'000 S$'000 S$'000 S$'000

Non‐current assets

Investment property

1,740 1,672 0 0

Prope rty, plant & equipment

A

207,374 194,039 4,706 1,142

Interest in subsidiaries

0 0 327,450 336,614

Interest in associ ates

51,866 46,329 16,382 16,382

Available‐for‐sales investments

6,339 5,777 0 0

Deferred ta x asse ts

4,090 3,729 0 0

Goodwill on consolidation

12,409 11,548 0 0

Deposits and prepayments

1,214 3,095 1,214 3,046

Total non‐curre nt asse ts

285,032 266,189 349,752 357,184

Current assets

Stocks

B

107,767 110,353 0 0

Debtors

C

134,144 123,485 110,658 100,048

Tax recoverable

1,208 754 0 0

Deposits and prepayments

12,729 10,904 2,146 1,985

Bank balances and ca sh

D

134,211 110,978 6,274 6,797

390,059 356,474 119,078 108,830

Assets held for sale

G

1,150 0 0 0

Total current assets

391,209 356,474 119,078 108,830

Current liabilities

Credi tors and accrued cha rges

E

174,667 143,653 106,440 100,410

Derivative financial instruments

0 497 0 0

Obligations under finance leases

93 113 0 0

Income ta x payable

2,557 2,108 138 147

Bank loans and overdrafts

F

149,988 118,142 89,727 69,336

Total current l iabilities

327,305 264,513 196,305 169,893

Net current assets (liabilities)

63,904 91,961 (77,227) (61,063)

Non‐current liabilities

Bank loans

F

30,112 43,315 29,684 43,315

Obligations under finance leases

47 79 0 0

Deferred ta x l iabilities

2,755 2,208 0 0

Total non‐curre nt l iabili ti es

32,914 45,602 29,684 43,315

Net asse ts

316,022 312,548 242,841 252,806

Represented by:

Issued ca pi ta l

257,400 257,400 257,400 257,400

Treasury shares

(6,088) (6,084) (6,088) (6,084)

Reserves

(19,557) (19,428) (8,471) 1,490

Attributable to equity holders of the Company

231,755 231,888 242,841 252,806

Non‐controlling inte rests

84,267 80,660 0 0

316,022 312,548 242,841 252,806

GP Batteries International Ltd. published this content on 08 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 February 2017 15:36:09 UTC.

Original documenthttp://www.irwebcast.com/cgi-local/report/redirect.cgi?url=http://202.66.146.82/listco/sg/gpbatteries/halfyr/2016/int3q.pdf

Public permalinkhttp://www.publicnow.com/view/2CB4838411CF6B89AF144655043AA8D37A1A2E0E