68 / 113
Consolidated Statement
of Income
for financial year ended December 31, 2016
(All amounts in thousand Egyptian Pound)
Note
2016
2015
Continuing operations
Revenue
15 285 672
12 264 689
Cost of revenue
(13 083 613)
(10 660 759)
Gross profit
2202059
1 603 930
Other income
40 734
126 302
Selling andmarketing expenses
( 449 848)
( 364 486)
General and administrative expenses
( 749 706)
( 531 124)
Provisions and Impairment of Current and Non-Current assets
(Net)
(7)
( 184 856)
(58 460)
Reverse impairment / (Impairment) of Non-Current assets held
for sale
21 229
( 18 719)
Impairment on fixed assets
( 2 788)
( 1 591)
Investment Losses
( 10 862)
( 5 688)
Operating results
865 962
750 164
Finance costs (Net)
(6)
(1 853 352)
(513 265)
Net (Loss) / profit for the year before income tax
( 987 390)
236899
Income tax expense
( 9-C )
( 2 420)
(45 385)
(Loss) / Profit fromcontinuing operations
( 989810)
191 514
Discontinued operations
-
-
Profit / (Losses) fromdiscontinuedoperations after income tax
-
-
Net (Loss) / Profit for the year
( 989810)
191 514
Attributable to:
Owners of the company
( 865 656)
233 095
Non-controlling interests
( 124 154)
( 41 581)
( 989810)
191 514
Basic (Loss) / earnings per share/ EGP
(8)
(0.811)
0.342
* The accompanying notes forman integral part of these consolidated financial statements, and to be read therewith.
2016 ANNUAL REPORT
66