
Fraser and Neave Ltd
SGX:F99

Income Statement
Earnings Waterfall
Fraser and Neave Ltd
Revenue
|
2.2B
SGD
|
Cost of Revenue
|
-1.5B
SGD
|
Gross Profit
|
688.8m
SGD
|
Operating Expenses
|
-481.8m
SGD
|
Operating Income
|
206.9m
SGD
|
Other Expenses
|
-56m
SGD
|
Net Income
|
150.9m
SGD
|
Income Statement
Fraser and Neave Ltd
Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 928
N/A
|
3 569
+22%
|
3 355
-6%
|
3 145
-6%
|
2 767
-12%
|
2 294
-17%
|
2 322
+1%
|
2 344
+1%
|
2 378
+1%
|
2 093
-12%
|
2 047
-2%
|
1 956
-4%
|
1 880
-4%
|
2 121
+13%
|
2 065
-3%
|
2 045
-1%
|
2 027
-1%
|
1 979
-2%
|
1 994
+1%
|
1 967
-1%
|
1 921
-2%
|
1 898
-1%
|
1 866
-2%
|
1 866
+0%
|
1 842
-1%
|
1 835
0%
|
1 837
+0%
|
1 852
+1%
|
1 883
+2%
|
1 902
+1%
|
1 943
+2%
|
1 947
+0%
|
1 834
-6%
|
2 822
+54%
|
1 879
-33%
|
1 901
+1%
|
2 003
+5%
|
2 039
+2%
|
2 099
+3%
|
2 125
+1%
|
2 162
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 138)
|
(2 385)
|
(2 255)
|
(2 120)
|
(1 869)
|
(1 520)
|
(1 534)
|
(1 544)
|
(1 566)
|
(1 434)
|
(1 420)
|
(1 372)
|
(1 330)
|
(1 425)
|
(1 366)
|
(1 328)
|
(1 284)
|
(1 250)
|
(1 245)
|
(1 234)
|
(1 228)
|
(1 237)
|
(1 243)
|
(1 267)
|
(1 264)
|
(1 252)
|
(1 241)
|
(1 245)
|
(1 260)
|
(1 279)
|
(1 305)
|
(1 308)
|
(1 238)
|
(1 907)
|
(1 296)
|
(1 351)
|
(1 429)
|
(1 454)
|
(1 476)
|
(1 446)
|
(1 473)
|
|
Gross Profit |
790
N/A
|
1 184
+50%
|
1 100
-7%
|
1 025
-7%
|
898
-12%
|
774
-14%
|
788
+2%
|
800
+2%
|
812
+2%
|
659
-19%
|
626
-5%
|
584
-7%
|
551
-6%
|
696
+26%
|
699
+0%
|
717
+3%
|
743
+4%
|
728
-2%
|
749
+3%
|
733
-2%
|
694
-5%
|
661
-5%
|
622
-6%
|
599
-4%
|
578
-3%
|
583
+1%
|
595
+2%
|
607
+2%
|
623
+3%
|
624
+0%
|
638
+2%
|
640
+0%
|
596
-7%
|
915
+54%
|
583
-36%
|
549
-6%
|
574
+4%
|
585
+2%
|
623
+7%
|
678
+9%
|
689
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(420)
|
(729)
|
(707)
|
(669)
|
(616)
|
(584)
|
(587)
|
(571)
|
(567)
|
(505)
|
(503)
|
(518)
|
(521)
|
(615)
|
(609)
|
(619)
|
(635)
|
(603)
|
(629)
|
(620)
|
(600)
|
(567)
|
(535)
|
(511)
|
(484)
|
(458)
|
(456)
|
(457)
|
(457)
|
(465)
|
(476)
|
(482)
|
(455)
|
(672)
|
(427)
|
(424)
|
(440)
|
(456)
|
(470)
|
(476)
|
(482)
|
|
Selling, General & Administrative |
(406)
|
(736)
|
(714)
|
(671)
|
(616)
|
(584)
|
(587)
|
(597)
|
(595)
|
(541)
|
(541)
|
(531)
|
(533)
|
(622)
|
(616)
|
(628)
|
(642)
|
(613)
|
(638)
|
(629)
|
(610)
|
(576)
|
(542)
|
(517)
|
(488)
|
(467)
|
(466)
|
(468)
|
(468)
|
(473)
|
(484)
|
(489)
|
(477)
|
(703)
|
(440)
|
(431)
|
(445)
|
(465)
|
(475)
|
(482)
|
(492)
|
|
Other Operating Expenses |
(15)
|
7
|
8
|
1
|
0
|
1
|
0
|
26
|
28
|
36
|
38
|
13
|
13
|
6
|
7
|
8
|
8
|
10
|
9
|
9
|
10
|
9
|
7
|
6
|
5
|
9
|
10
|
11
|
11
|
8
|
8
|
7
|
22
|
31
|
13
|
7
|
6
|
9
|
6
|
5
|
10
|
|
Operating Income |
370
N/A
|
455
+23%
|
394
-14%
|
355
-10%
|
283
-21%
|
190
-33%
|
201
+5%
|
229
+14%
|
245
+7%
|
154
-37%
|
124
-20%
|
66
-46%
|
30
-54%
|
81
+167%
|
90
+11%
|
98
+9%
|
108
+11%
|
125
+15%
|
120
-4%
|
113
-6%
|
94
-17%
|
94
+0%
|
87
-8%
|
88
+1%
|
95
+8%
|
125
+33%
|
139
+11%
|
149
+8%
|
166
+11%
|
159
-4%
|
162
+2%
|
158
-3%
|
141
-11%
|
243
+73%
|
156
-36%
|
125
-20%
|
134
+7%
|
128
-4%
|
154
+20%
|
202
+32%
|
207
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
167
|
366
|
366
|
370
|
371
|
71
|
62
|
57
|
50
|
24
|
24
|
20
|
23
|
47
|
57
|
56
|
60
|
62
|
61
|
62
|
1 291
|
1 271
|
1 277
|
1 282
|
72
|
69
|
80
|
100
|
91
|
96
|
98
|
100
|
104
|
143
|
82
|
86
|
75
|
82
|
90
|
72
|
58
|
|
Non-Reccuring Items |
19
|
38
|
(48)
|
(113)
|
(113)
|
(186)
|
(128)
|
(63)
|
(68)
|
(100)
|
(102)
|
(97)
|
(97)
|
(28)
|
(27)
|
(28)
|
(27)
|
(0)
|
(2)
|
(2)
|
(7)
|
(26)
|
(25)
|
(24)
|
(19)
|
4
|
4
|
3
|
13
|
12
|
11
|
11
|
(0)
|
(1)
|
(8)
|
(15)
|
(7)
|
2
|
(20)
|
(20)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
|
Total Other Income |
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
(0)
|
(0)
|
2
|
(0)
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
|
Pre-Tax Income |
556
N/A
|
859
+54%
|
711
-17%
|
612
-14%
|
541
-12%
|
75
-86%
|
134
+79%
|
224
+67%
|
227
+2%
|
78
-66%
|
46
-41%
|
(11)
N/A
|
(44)
-298%
|
102
N/A
|
120
+18%
|
125
+4%
|
141
+13%
|
188
+33%
|
178
-5%
|
172
-3%
|
1 378
+699%
|
1 340
-3%
|
1 340
0%
|
1 347
+1%
|
148
-89%
|
200
+36%
|
222
+11%
|
252
+13%
|
271
+7%
|
268
-1%
|
272
+1%
|
269
-1%
|
244
-9%
|
385
+58%
|
230
-40%
|
197
-15%
|
202
+3%
|
213
+5%
|
224
+5%
|
254
+13%
|
267
+5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(66)
|
(98)
|
(87)
|
(104)
|
(95)
|
(49)
|
(47)
|
(49)
|
(42)
|
(27)
|
(21)
|
(8)
|
(6)
|
(19)
|
(20)
|
(20)
|
(21)
|
(23)
|
(20)
|
(17)
|
(11)
|
(15)
|
(14)
|
(15)
|
(14)
|
(20)
|
(27)
|
(35)
|
(48)
|
(56)
|
(57)
|
(59)
|
(37)
|
(60)
|
(35)
|
(26)
|
(25)
|
(18)
|
(19)
|
(34)
|
(48)
|
|
Income from Continuing Operations |
490
|
761
|
624
|
508
|
446
|
26
|
88
|
175
|
186
|
51
|
25
|
(19)
|
(49)
|
82
|
100
|
105
|
121
|
166
|
158
|
156
|
1 367
|
1 326
|
1 326
|
1 332
|
134
|
181
|
196
|
217
|
223
|
212
|
215
|
211
|
208
|
325
|
195
|
171
|
177
|
195
|
205
|
220
|
219
|
|
Income to Minority Interest |
(110)
|
(48)
|
(48)
|
(50)
|
(55)
|
(70)
|
(73)
|
(86)
|
(91)
|
(53)
|
(45)
|
(26)
|
(15)
|
(44)
|
(54)
|
(57)
|
(58)
|
(58)
|
(54)
|
(55)
|
(50)
|
(46)
|
(43)
|
(42)
|
(49)
|
(57)
|
(59)
|
(61)
|
(62)
|
(60)
|
(60)
|
(61)
|
(58)
|
(94)
|
(55)
|
(47)
|
(52)
|
(65)
|
(72)
|
(73)
|
(68)
|
|
Net Income (Common) |
754
N/A
|
838
+11%
|
5 520
+559%
|
5 482
-1%
|
5 448
-1%
|
5 430
0%
|
727
-87%
|
697
-4%
|
634
-9%
|
147
-77%
|
25
-83%
|
35
+37%
|
31
-11%
|
633
+1 941%
|
623
-1%
|
609
-2%
|
608
0%
|
108
-82%
|
105
-3%
|
101
-3%
|
1 318
+1 204%
|
1 279
-3%
|
1 283
+0%
|
1 290
+1%
|
85
-93%
|
124
+45%
|
136
+10%
|
157
+15%
|
161
+3%
|
152
-5%
|
154
+1%
|
150
-3%
|
149
-1%
|
232
+55%
|
140
-39%
|
123
-12%
|
125
+1%
|
130
+4%
|
133
+2%
|
147
+10%
|
151
+3%
|
|
EPS (Diluted) |
0.52
N/A
|
0.58
+12%
|
3.85
+564%
|
3.84
0%
|
3.78
-2%
|
3.76
-1%
|
0.51
-86%
|
0.5
-2%
|
0.43
-14%
|
0.1
-77%
|
0.01
-90%
|
0.02
+100%
|
0.02
N/A
|
0.43
+2 050%
|
0.43
N/A
|
0.4
-7%
|
0.42
+5%
|
0.07
-83%
|
0.08
+14%
|
0.08
N/A
|
0.92
+1 050%
|
0.88
-4%
|
0.9
+2%
|
0.9
N/A
|
0.07
-92%
|
0.09
+29%
|
0.1
+11%
|
0.11
+10%
|
0.11
N/A
|
0.11
N/A
|
0.11
N/A
|
0.1
-9%
|
0.1
N/A
|
0.16
+60%
|
0.1
-38%
|
0.08
-20%
|
0.09
+13%
|
0.09
N/A
|
0.09
N/A
|
0.1
+11%
|
0.1
N/A
|