CHAIRMAN’S MESSAGE
COMPANY MILESTONES
FINANCIAL HIGHLIGHTS
COMPANY OVERVIEW
BOARD OF DIRECTORS
NAVIGATING CHALLENGES • EMBRACING DIVERSITY | ANNUAL REPORT 2015
03
OPERATING RESULTS
(S$’000)
FY2015
FY2014
Revenue
51,757
77,978
Gross Profit
13,550
26,964
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)
245
10,267
Net Cash fromOperating Activities
2,135
20,749
Net (Loss) / Profit
(4,934)
5,617
FINANCIAL POSITION
(S$’000)
FY2015
FY2014
Total Assets
133,142
130,046
Current Assets
49,092
66,751
Total Liabilities
43,329
31,994
Current Liabilities
21,201
21,421
Total Equity
89,813
98,052
Cash & Cash Equivalents
32,804
49,894
Debt to Equity Ratio *
0.27
0.08
PERFORMANCE INDICATORS
FY2015
FY2014
Net Asset Value per Share (cents) **
12.6
13.8
Earnings per Share (cents) **
-0.7
0.8
Return on Equity
-5%
6%
Return on Total Assets
-4%
4%
Return on Capital Employed
-4%
5%
*
Defined as the sumof indebtedness to financial institutions divided by total equity
** Net asset value per ordinary share is calculated based on 710,000,000 shares in issue as at 31 December 2015 and 31 December 2014
FINANCIAL HIGHLIGHTS
The Group’s financial
performance facedmany
challenges in FY2015 as
sluggish demand and
a competitive offshore
marine sector put a strain
on the business
