Page 28 -

Consolidated Income Statement
For the year ended 31st March 2015

Consolidated Income Statement

For the year ended 31st March 2015

2015 2014
Note HK$’000 HK$’000

Continuing operation

Revenue 5 2,562,566 2,291,141
Cost of goods sold 7 (2,275,384) (2,161,070)

Gross profit 287,182 130,071

Other income 6 18,985 24,817

Selling expenses 7 (98,187) (77,102)

Administrative expenses 7 (69,034) (70,707)
Other operating (expenses)/income 7 (21,206) 1,686

Exchange (loss)/gain on loans and receivables 18 (25) 6,186

Loss on disposal of loans and receivables – (11,946)

Loss on disposal of available-for-sale financial assets 19 – (15,225)

Operating profit/(loss) 117,715 (12,220)
Finance income 9 13,693 21,764

Finance costs 9 (6,831) (3,830)

Profit before income tax 124,577 5,714

Income tax (expense)/credit 10 (10,402) 983
Profit for the year from continuing operation 114,175 6,697

Discontinued operation

Loss for the year from discontinued operation 30 – (26,179)

Profit/(loss) for the year 114,175 (19,482)
Profit/(loss) for the year attributable to:
Equity holders of the Company
– Continuing operation 114,250 7,080
– Discontinued operation – (26,179)
114,250 (19,099)

Non-controlling interests
– Continuing operation (75) (383)

114,175 (19,482)

26 ALCO HOLDINGS LIMITED ANNUAL REPORT 2015