Derrimon Trading Company Limited (DTL) Audited Consolidated Financial Statements for the Year Ended December 31, 2019 (Revised)

Posted: March 8, 2020 at 11:03 pm

DERRIMON-TRADING-AUDITED-FINANCIAL-STATEMENTS-FY-2019_V2

Notes for adjusted 2019 financial statements

Page 1 – Earnings per share was previously $0.126 now corrected to show $0.106 for 2019

  • Page 3 – Group Dividends paid for 2018 was stated as 19,134 now corrected to 19,132
  • Page 3 – Group Dividends paid for 2019 was stated as 65,850 now corrected to 27,334
  • Page 4 – Group Cash Flows: Dividends paid was 46,613 now corrected to 27,334
  • Page 4 – Group Cash Flows: Dividends paid by subsidiary to non-controlling interest now added which is 8,538
  • Page 4 – Group Cash Flows: Taxation paid was 32,845 now corrected to 43,018
  • Page 4 – Group Cash Flows: adjustments now classified as non-cash adjustment
  • Page 4 – Inventories was previously stated as 689,797 now corrected to 711,387
  • Page 4 – Receivables was previously stated as 114,521 now corrected to 133,877
  • Page 4 – Payables was previously stated as 181,767 now corrected to 172,698
  • Page 5 – Earnings per share was $0.090 for 2019 now corrected to $0.083. For 2018 it was stated as $0.074 now corrected to $0.072
  • Page 7 –Company Dividends paid for 2019 was stated as 27,230 now corrected to 27,334
  • Page 7 – Net Profit for 2019 was stated as 254,940 now corrected to 227,402
  • Page 49 – Redeemable Preference Shares had 7.5% as the interest rate now corrected to 9%.

 

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