	FY2002	FY2003	FY2004	FY2005	FY2006	FY2007	FY2008
Profit and Loss Statement for the Year Ended 30 June (S$'000) (Restated)
Sales Volume ('000 Metric Tons)	1,702	2,054	2,052	2,533	3,172	3,773	4,926

Sales Revenue	1,581,561	2,274,332	2,610,349	3,369,237	4,361,102	5,455,508	8,111,910
Other Revenue *	6,981	10,330	12,082	5,718	16,675	22,125	40,525
	1,588,542	2,284,662	2,622,431	3,374,955	4,377,777	5,477,633	8,152,435

Direct Costs and Expenses
Cost of Goods Sold	1,224,005	1,850,431	2,059,807	2,635,527	3,372,172	4,275,889	6,519,233
Shipping and Logistics	219,844	269,631	328,458	463,059	573,454	661,891	879,506
Commission and Claims	16,562	18,031	26,385	27,822	53,126	68,249	61,014
Measurement of Derivative	0	0	0	0	(507)	245	(11,023)
(Gain)/Loss on Foreign Exchange	2,799	(5,591)	1,514	(13,373)	9,688	(43,667)	(21,470)
Bank Charges	12,321	16,778	22,108	17,461	15,954	16,153	19,915
Minority Interest (net of taxes)	0	0	0	0	(25)	(26)	(27)
Share of Losses/(Gains) of Associates	0	91	42	3	(230)	385	163
	1,475,531	2,149,371	2,438,314	3,130,499	4,023,632	4,979,119	7,447,311

Gross Contribution **	108,834	127,791	177,289	242,316	343,064	486,620	681,892
Gross Contribution Per Tonne (S$)	64	62	86	95	108	129	138
Interest Cost ^	23,191	29,844	36,734	49,345	83,623	135,178	177,880
Net Contribution	85,643	97,947	140,555	192,971	259,441	351,442	504,012
Net Contribution Per Tonne (S$)	50	48	68	76	82	93	102

Selling, General and Administrative Expenses
Staff Costs	23,073	27,757	39,225	51,521	66,455	95,478	169,163
Depreciation	3,277	3,926	4,724	7,551	12,144	17,209	33,771
Other Operating Expenses (excluding bank charges)	30,242	33,721	42,927	60,111	84,079	112,543	136,082
	56,592	65,404	86,876	119,183	162,678	225,230	339,016

Profit Before Tax (excluding minority interest)	29,051	32,543	53,679	73,788	96,763	126,212	164,996
Taxation	(4,082)	(3,889)	(5,584)	(7,878)	(9,531)	(17,165)	2,708
Profit Attributable to Shareholders	24,969	28,654	48,095	65,910	87,232	109,047	167,704

* Includes interest income.

** Gross Contribution or GC (and therefore Net Contribution or NC) computed here for years FY2002-05 differs from the reported GC (and NC) for that period due to the inclusion of gain or loss on foreign exchange, measurement of derivative, minority interest and share of losses or gains of associates being treated as direct variable costs with effect from FY2006. In FY2008, there was S$283,313 of non-recurring profit from discontinued operatings classified under Other Operating Expenses, which was treated as a direct variable cost in arriving at GC.

^ Interest Cost is Finance Costs less interest income.


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