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Escher Group Holdings plc
Annual report 2011
19
Financial statements
Corporate governance
Business review
Overview
for the year ended 31 December 2011
Consolidated income statement
Notes
2011
Before
exceptional
items
US$’000
2011
Exceptional
items
US$’000
2011
After
exceptional
items
US$’000
2010
US$’000
Revenue
5
13,862
— 13,862
13,959
Cost of sales
7
(3,807)
— (3,807)
(3,510)
Gross profit
10,055
— 10,055
10,449
Operating expenses
6/7
(6,733)
(828)
(7,561)
(6,355)
Operating profit
3,322
(828)
2,494
4,094
Finance income
9
127
—
127
7
Finance costs
9
(1,474)
— (1,474)
(1,865)
Net finance costs
(1,347)
— (1,347)
(1,858)
Profit before income tax
1,975
(828)
1,147
2,236
Income tax expense
10
(544)
—
(544)
(769)
Profit for the year
1,431
(828)
603
1,467
Earnings per share (in US$ cent per share)
27
– Basic
12.7
—
5.3
19.5
– Diluted
12.7
—
5.3
18.5
for the year ended 31 December 2011
Consolidated statement of comprehensive income
2011
US$’000
2010
US$’000
Profit for the year
603
1,467
Other comprehensive income:
Currency translation differences
(366)
301
Total comprehensive income for the year
237
1,768
The accompanying notes are an integral part of these financial statements.
On behalf of the Board
Liam Church
Trevor McIntyre
Chief Executive Officer
Finance Director
12 April 2012