52 / 88
Consolidated
statement of income
for financial year ended December 31, 2014
(All amounts in thousand Egyptian Pounds)
Note
2014
2013
Sales
12 322 079
9 126 721
Cost of sales
(10 740 412)
(7 956 434)
Gross profit
1 581 667
1 170 287
Selling and marketing expenses
(298 599)
(261 350)
Administration expenses
(413 558)
(332 051)
Provisions - Net
(30)
(67 796)
(20 400)
Other income
55 720
30 013
Operating profit
857 434
586 499
Finance costs - net
(31)
(531 538)
(372 324)
Net profit before tax
325 896
214 175
Income tax
(32)
(90 206)
(29 794)
Net profit for the year
235 690
184 381
Profit is attributable to:
Shareholders of the parent
173 989
116 001
Minority interest
61 701
68 380
235 690
184 381
Basic earnings per share/ EGP
(33)
1.38
0.90
Diluted earnings per share/ EGP
(33)
1.38
0.87
* The accompanying notes form an integral part of these consolidated financial statements, and to be read therewith.
Ghabbour Auto | 2014 ANNUAL REPORT
50