Note |
2015 |
2014 |
2013 |
||||
---|---|---|---|---|---|---|---|
Net sales | 24 | $ | 88,223,816 | $ | 82,387,858 | $ | 85,870,545 |
Cost of sales | 25 | 62,661,502 | 59,181,725 | 62,964,909 | |||
Gross profit | 25,562,314 | 23,206,133 | 22,905,636 | ||||
Sales and development expenses | 25 | 11,088,808 | 10,534,161 | 10,050,242 | |||
Administrative expenses | 25 | 3,659,401 | 3,663,867 | 3,305,976 | |||
Statutory employee profit sharing | 350,417 | 289,519 | 225,344 | ||||
Other expenses (income), net | 26 | 263,805 | (580,322) | (364,538) | |||
Interest expense | 389,795 | 440,199 | 581,374 | ||||
Interest income | (473,088) | (465,787) | (459,899) | ||||
Exchange gain | (1,886,461) | (1,491,621) | (2,870,750) | ||||
Exchange loss | 1,849,986 | 1,901,218 | 2,651,572 | ||||
Effects of valuation of derivative financial instruments | 1,046,921 | 671,804 | (706) | ||||
(Gain) loss on disposal of shares of associates | 2i y 16c | (129,376) | 209,386 | (7,588,664) | |||
Equity in income of associates and joint ventures | (1,275,577) | (1,414,603) | (1,308,793) | ||||
Income before income taxes | 16 | 10,677,683 | 9,448,312 | 18,684,478 | |||
Income taxes | 27 | 3,173,352 | 2,673,669 | 3,721,708 | |||
Consolidated net income for the year | $ | 7,504,331 | $ | 6,774,643 | $ | 14,962,770 | |
Other comprehensive income, net of income tax | |||||||
Items that may be reclassified subsequently to profit or loss: | |||||||
Exchange differences on translating foreign operations | $ | (252,695) | $ | 453,498 | $ | 172,203 | |
Valuation of derivative financial instruments | (1,753) | (22,862) | (27,456) | ||||
Items that will not be reclassified subsequently to profit or loss: | |||||||
Actuarial (loss) gain | (519,043) | 32,451 | 71,440 | ||||
Equity on other comprehensive income of associates | (2,268) | 70 | 456 | ||||
Total other comprehensive (loss) income | (775,759) | 463,157 | 216,643 | ||||
Consolidated comprehensive income of the year | $ | 6,728,572 | $ | 7,237,800 | $ | 15,179,413 | |
Consolidated net income attributable to | |||||||
Controlling interest | $ | 6,196,155 | $ | 5,684,990 | $ | 13,929,481 | |
Non-controlling interest | 1,308,176 | 1,089,653 | 1,033,289 | ||||
$ | 7,504,331 | $ | 6,774,643 | $ | 14,962,770 | ||
Basic earnings per common share attributable to controlling interest: | |||||||
Continuing operations | $ | 2.716 | $ | 2.483 | $ | 6.083 | |
Weighted average number of shares (‘000) | 2,281,190 | 2,289,802 | 2,289,802 | ||||
Consolidated comprehensive income attributable to: | |||||||
Controlling interest | $ | 5,479,757 | $ | 6,117,600 | $ | 14,147,326 | |
Non-controlling interest | 1,248,815 | 1,120,200 | 1,032,087 | ||||
$ | 6,728,572 | $ | 7,237,800 | $ | 15,179,413 |
See accompanying notes to consolidated financial statements.