50
GRAND BANKS YACHTS LIMITED
ANNUAL REPORT
2016
Year ended 30 June 2016
CONSOLIDATED INCOME STATEMENT
Note
2016
2015
$’000
$’000
Revenue
21
58,667
39,190
Cost of sales
(48,470)
(35,317)
Gross profit
10,197
3,873
Selling and marketing expenses
(4,548)
(3,947)
Administrative expenses
(3,862)
(3,655)
Other operating expense, net
(628)
(1,007)
Total operating expenses, net
(9,038)
(8,609)
Profit/(Loss) from operations
1,159
(4,736)
Other non-operating income, net
22
109
198
Profit/(Loss) before tax
22
1,268
(4,538)
Tax credit/(expense)
24
702
(261)
Profit/(Loss) for the year
1,970
(4,799)
2016
2015
Cents
Cents
Earnings per share
– Basic
25
1.07
(2.62)
– Diluted
25
1.07
(2.62)
The accompanying Notes form an integral part of these financial statements.
