Financial Statements and Related Announcement: : Full Yearly Results

Issuer/ Manager

NEW TOYO INTERNATIONAL HOLDINGS LTD

Securities

NEW TOYO INT HLDGS LTD - SG1 E32850828 - NOB

Stapled Secur ity

No

Announcement Title

Financial Statements and Related Announcement

Date & Time of Broadcast

24-Feb-2017 19:19:32

Status

New

Announcement Sub Title

Full Yearly Results

A nnouncement Reference

SG1702240THRA8XB

Submitted By (Co./ Ind. Name)

Lee Wei Hsiung

Designation

Company Secretary

Description (Piease provide a detailed desc ription of the event in the box below - Refer to the Online help for the format)

Please refer to the attachment.

For Financ ial Period Ended

31/12/2016

Attachments

l©NTI H4QFY16A nn.pdf Total size =1181K

Consolidated Income Statement

Group

Group

4Q

4Q

12-months

31-12-16

31-12-15

31-12-16

Unaudited Unaudited

Change

Unaudited

SGD'OOO

SGD'OOO

%

SGD'OOO

Revenue

67,867

68,260

(0.6)

249,158

Cost of sales (58,449) (55,988 ) 4.4 (212,052) (221,421) (4.2)

Gross profit

9,418

12,272

(23.3)

37,106

42,723

(13.1)

Other income

14,451

826

1,649.5

18,916

6,283

201.1

Distribution expenses

(1,572)

(1,549)

1.5

(5,880)

(6,390)

(8.0)

Administrative expenses

(4,764)

(4,361)

9.2

(19,099)

(18,094)

5.6

Net foreign exchange gain/(loss)

1,923

(226)

n.m.

674

1,609

(58.1)

other expenses (3,263) (564) 478.5 (5,657) (5,375)5.2

Operating profit

16,193

6,398

153.1

26,060

20,756

25.6

Finance income

394

190

107.4

1,059

800

32.4

Finance expenses (140) (220) (36.4) (641) (912) (29.7)

Net finance income/(expenses)

254

(30)

n.m.

418

(112)

n.m.

Share of profit of equity-accounted investees , net of tax

503

103

388.3

1,431

2,645

(45.9)

Profit before taxation

16,950

6,471

161.9

27,909

23,289

19.8

Taxation 333 35 851.4 (2, 297) (2,673) (14.1)

Profit for the period I year

17,283

6,506

165.6

25,612

20,616

24.2

Attributable to :

Equity holders of the Company

9,893

4,521

118.8

15,899

14,673

8.4

Non-controlling interests

7,390 1,985

272.3 9,713 5,943

63.4

Profit for the period I year

17,283 6,506

165.6 25,612 20,616

24.2

31-12·16

Unaudited

31-12-15

Unaudited

Change

31-12-16

Unaudited

31-12-15

Audited

Change

SGD'OOO

SGD'OOO

%

SGD'OOO

SGD'OOO

%

Profit for the period I year 17,283

Other comprehe nsive income/(loss)

6,506

165.6

25,612

20,616

24.2

Items that are or may be reclassified to profit or Jogs :

Foreign currency differences for foreign operations 2,954

1,200

146.2

(246)

(2,807)

(91.2)

Change in fair value of available-for-sale

equity securities (98)

(174)

(43.7)

(98)

(174)

(43.7)

Effect of disposal of a subsidiary

495

n.m.

495

n.m.

Other comprehensive income/(loss)

for the period, net of tax 2,856 1 , 521 87.8 (344) (2,486) (86.2)

Totalcomprehensive income for the period I year

20,139

8,027

150.9

25,268

18,130

39.4

Attributable to :

Equity holders of the Company

12,498

5,520

126.4

15,645

14,211

10.1

Non-controlling interests

7,641 2,507

204.8 9, 623 3,919

145.5

Total comprehensive income for the period I year

20,1 39 8, 027

150.9 25, 268 1 8, 130

39.4

31-12-16

Unaudited SGD'OOO

31-12-15

Unaudited SGD'OOO

Change

%

31-12-16

Unaudited SGD'OOO

31-12-15

Audited SGD'OOO

Change

%

Other income including interest income

1,643

1,189

38.2

6,765

7,123

(5.0)

Interest on borrowings

(140)

(220)

(36.4)

(641)

(912)

(29.7)

(Allowance for)/Reversal of inventory obsolescence

(20)

(84)

(76.2)

(88)

134

n.m.

Depreciation and amortisation

(3,130)

(3,577)

(12.5)

(11,301)

(14,429)

(21.7)

Diminution in value of club memberships

(1)

n.m.

(1)

n.m.

Gain/(Loss) on disposal of property, plant and equipment

12,890

(173)

n.m.

12,898

(40)

n.m.

Gain on disposalof an associate

312

n.m.

312

n.m.

Reversal of/(Allowance for) doubtful trade receivables

1

(7)

n.m.

10

4

150.0

Reversal of impairment loss on long term investment

33

n.m.

33

n.m.

Impairmentloss on investment properties

(3)

n.m.

(7)

n.m.

Impairment loss on property,plant and equipment

(4)

n.m.

(9)

n.m.

Inventory written-off

(96)

(132)

(27.3)

(215)

(498)

(56.8)

Property, plant and equipment written-off

(140)

(3)

4,566.7

(142)

(3)

4,633.3

Over provision of tax in respect of prior years

146

614

(76.2)

50

294

(83.0)

n.m. - not meaningful

Other expenses comorii;e the followin:

Group

Group

4Q 4Q

12-months

12-months

31-12-16 31-12-15

31-12-16

31-12-15

Unaudited Unaudited

Change

Unaudited

Audited

Change

Non-opera ting Item:

SGD'OOO SGD'OOO

%

SGD'OOO

SGD'OOO

%

Capital gain tax on disposal of leasehold land and building

(596)

n.m.

(596)

n.m.

Reversal of impairment loss on long term investments

33

n.m.

33

n.m.

Termination benefits

(2,486) 249

n.m.

(4,145) (2. 331)

77.8

(3,082) 282

(4,741) (2,298)