Sky City Limited
1999 Interim Report

Consolidated Statement of Financial Performance
for the 6 months ended 31 December 1998

 

6 months ended
31 Dec 1998
(Unaudited)
$'000

6 months ended
31 Dec 1997
(Unaudited)
$'000

12 months ended
30 Jun 1998
(Audited)
$'000

CONTINUING ACTIVITIES

     

Revenue

     

Sales

127,672

120,969

239,065

Interest received

373

257

556

Other revenue

48

20

20

Total Revenue

128,093

121,246

239,641

       

Expense

     

Operating expenses

68,284

69,780

138,146

Depreciation

12,396

11,459

23,790

Funding expenses

12,949

12,427

24,244

Pre-opening expenses

-

2,392

5,261

Total Expenses

93,629

96,058

191,441

       

Operating Surplus before
Non-Recurring Expenses
and Income Tax

34,464

25,188

48,200

       

Non-Recurring Expenses

     

Pre-opening expenses

-

-

23,433

Management termination fee

-

-

20,370

Total Non-Recurring Expenses

-

-

43,803

SURPLUS BEFORE INCOME TAX

34,464

25,188

4,397

Income tax

12,026

8,417

1,926

SURPLUS AFTER INCOME TAX

22,438

16,771

2,471

       

SURPLUS AFTER INCOME TAX
ATTRIBUTABLE TO:

     

Operations

22,438

16,771

32,097

Non-recurring expenses

-

-

(29,626)

 

22,438

16,771

2,471


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