Page 23 - ar2011

SEO Version

41
40
Best World International Limited
Annual Report 2011
Best World International Limited
Annual Report 2011
Opinion
In our opinion, the consolidated fnancial statements of the group and the statement of fnancial position and
statement of changes in equity of the company are properly drawn up in accordance with the provisions of the Act
and Singapore Financial Reporting Standards so as to give a true and fair view of the state of affairs of the group
and of the company as at 31 December 2011 and the results, changes in equity and cash fows of the group and
the changes in equity of the company for the reporting year ended on that date.
Report on Other Legal and Regulatory Requirements
In our opinion, the accounting and other records required by the Act to be kept by the company and by those
subsidiaries incorporated in Singapore of which we are the independent auditors have been properly kept in
accordance with the provisions of the Act.
RSM Chio Lim LLP
Public Accountants and
Certifed Public Accountants
Singapore
7 March 2012
Partner in charge of audit: Woo E-Sah
Effective from year ended 31 December 2007
CONSOLIDATED
STATEMENT OF INCOME
YEAR ENDED 31 DECEMBER 2011
Notes
2011
$’000
2010
$’000
Revenue
5
41,532
49,549
Cost of Sales
(
8,685
)
(
11,283
)
Gross Proft
32,847
38,266
Other Items of Income
Interest Income
168
138
Other Operating Income
6
810
644
Other Credits
7
333
59
Other Items of Expense
Distribution Costs
8
(
15,283
)
(
18,238
)
Administrative Expenses
8
(
17,418
)
(
16,830
)
Other Charges
7
(
1,110
)
(
936
)
Proft Before Tax from Continuing Operations
347
3,103
Income Tax Expenses
11
(
226
)
(
980
)
Proft from Continuing Operations, Net of Tax
121
2,123
Proft
(
Loss
)
Net of Tax Attributable to:
- Owners of the Parent Company
274
2,450
- Non-Controlling Interests
(
153
)
(
327
)
Proft Net of Tax
121
2,123
Earnings Per Share
Earnings per Share
(
expressed in cents per share
)
12
- Basic
0.13
1.19
- Diluted
0.13
1.19
The accompanying notes form an integral part of these fnancial statements.
INDEPENDENTAUDITORS’REPORT
TOTHEMEMBERSOF
BESTWORLD INTERNATIONAL LIMITED
(
Registration No: 199006030Z
)