Third Quarter Unaudited Financial Statements for the Period ended 30 September 2016

(Company Registration No : 195800035D)

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Income Statement

(in Singapore Dollars)

3rd Quarter ended

30/09/2016 30/09/2015 + / (-) S$'000 S$'000 %

Revenue 212,426 243,190 (13)

1. Statement of Comprehensive Income

   Group

   3rd Quarter ended 30/09/2016 30/09/2015 S$'000 S$'000

   Profit after taxation 19,075 10,781

   Other comprehensive income:

   Items that may be reclassified subsequently to profit or loss:

   • Currency translation arising on consolidation 4,219 (12,091)

   • Share of other comprehensive income of joint venture (325) -

   Other comprehensive income for the period, net of tax

   3,894 (12,091)

   Total comprehensive income for the period 22,969 (1,310)

   Total comprehensive income attributable to:

   Owners of the parent 23,177 (641)

   Non-controlling interests (208) (669)

   22,969 (1,310)

   Notes to the Income Statement

   Please see Section 8 for commentaries on the Income Statement.

2. The following items, if significant, must be included in the income statement or in the notes to the income statement for current financial period reported on and the corresponding period of the immediately preceding financial year:-

   The Group's profit from operating activities is stated after (charging) / crediting:

   Group

   3rd Quarter ended

   + / (-)

   30/09/2016 30/09/2015 % S$'000 S$'000

   Other income including interest income	1,333	1,614	(17)
   Allowance for doubtful debts charged and bad debts written off, net	(67)	(209)	(68)
   Allowance for inventory obsolescence charged	(295)	(68)	334
   Foreign exchange loss	(356)	(1,178)	(70)
   Gain on disposal of property, plant & equipment	14	206	(93)

   Group
   30/09/2016 S$'000	31/12/2015 S$'000

   Company
   30/09/2016 S$'000	31/12/2015 S$'000

   1(b)(i) A statement of financial position for the company and group, together with a comparative statement as at the end of the immediately preceding financial year:-

   Statement of Financial Position (in Singapore Dollars)
   Current assetsBiological assets	60,504 57,518	- -
   Inventories	50,411 78,654	- -
   Trade receivables	94,488 96,528	- -
   Other receivables	42,783 17,289	28,726 42,998
   Tax recoverable	1,296 1,297	- -
   Short-term investments	2,465 2,500	2,465 2,500
   Cash and short-term deposits	94,857 109,052	20,639 27,893
   346,804 362,838	51,830 73,391
   Non-current assets
   Property, plant & equipment	271,611 298,174	2,288 2,471
   Investment properties	20,266 26,929	- -
   Subsidiaries	- -	98,973 98,973
   Advances to subsidiaries	- -	131,964 130,083
   Joint venture	19,825 -	- -
   Pension assets	2,679 2,663	- -
   Long-term investments	11,025 13,488	9,998 12,459
   Intangibles	168 196	1,554 1,696
   Deferred tax assets	15,214 14,615	- -
   340,788 356,065	244,777 245,682
   Total assets	687,592 718,903	296,607 319,073
   Current liabilities
   Trade payables	49,391 82,153	29 135
   Other payables	55,216 69,679	7,530 8,182
   Short-term borrowings	42,331 59,141	- -
   Long-term loans and finance leases - current portion	5,165 4,101	- -
   Provision for taxation	4,895 5,282	209 1,148
   156,998 220,356	7,768 9,465
   Non-current liabilities
   Other payables	7,069 10,740	- -
   Long-term loans and finance leases	35,993 28,401	- -
   Deferred tax liabilities	8,521 12,353	318 318
   51,583 51,494	318 318
   Total liabilities	208,581 271,850	8,086 9,783
   Net assets	479,011 447,053	288,521 309,290
   Capital and reserves
   Share capital	263,087 262,774	263,087 262,774
   Reserves	210,612 164,101	25,434 46,516
   Equity attributable to owners of the parent	473,699 426,875	288,521 309,290
   Non-controlling interests	5,312 20,178	- -
   Total equity	479,011 447,053	288,521 309,290

   Please see Section 8 for commentaries on the Group's Statement of Financial Position.

   1(b)(ii) In relation to the aggregate amount of the group's borrowings and debt securities, the following as at the end of the current financial period reported on with comparative figures as at the end of the immediately preceding financial year:-

3. Amount repayable within one year including those on demand

   As at 30/09/2016		As at 31/12/2015
   Secured	Unsecured	Secured	Unsecured
   $'000 11,314	$'000 36,182	$'000 20,276	$'000 42,966

4. Amount repayable after one year

   As at 30/09/2016		As at 31/12/2015
   Secured	Unsecured	Secured	Unsecured
   $'000 10,929	$'000 25,064	$'000 7,044	$'000 21,357

5. Details of any collaterals

At the end of the financial period, property, plant & equipment and inventories with total net book values of $24,910,000 (as at 31/12/2015: $31,024,000) were pledged to secure certain credit facilities for the Group.