Page 44 - ar2012

Note 2012 2011
S$ S$
Revenue
Tuition fees 91,378,645 85,440,010
Registration fees 2,700,936 1,330,842
School bookshop sales 1,136,788 1,213,092
Enrichment programme revenue 810,751 814,404
Interest income 220,291 197,183
Other revenue 4 155,248 347,633
Total revenue 96,402,659 89,343,164
Less: Operating expenses
Personnel expenses 5 53,323,626 44,786,830
School lease rental 25 6,827,451 6,696,908
Depreciation expenses 9 3,614,552 3,892,130
Amortisation of intangible assets 10 738,932 837,514
Management fees – 2,570,094
Cost of goods sold 738,612 787,081
Enrichment programme cost 475,354 465,612
Utilities 909,590 888,039
Upkeep and maintenance 1,191,538 1,449,194
Other operating expenses 6 4,113,026 3,516,365
Total operating expenses 71,932,681 65,889,767
Profit before taxation 24,469,978 23,453,397
Income tax expense 7 (3,813,457) (3,988,378)
Profit for the year attributable to owners of the Company 20,656,521 19,465,019
Other comprehensive income for the year, net of tax (114) 19
Total comprehensive income for the year attributable to owners
of the Company 20,656,407 19,465,038
Earnings per share (cents)
- Basic and diluted 8 7.8 7.3
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the financial year ended 31 December 2012
The accompanying accounting policies and explanatory notes form an integral part of the consolidated financial statements.
Overseas Education Limited AR 2012
Investing In Education 42
W130220-Overseas Education Limited AR 2012 Financial p25-92.indd 42 26/3/13