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Note
2013
2012
S$
S$
Revenue
Tuition fees
98,644,783
91,378,645
Registration fees
1,807,478
2,700,936
School bookshop sales
1,171,673
1,136,788
Enrichment programme revenue
916,330
810,751
Interest income
440,779
220,291
Other revenue
4
115,074
155,248
Total revenue
103,096,117
96,402,659
Less: Operating expenses
Personnel expenses
5
56,068,282
53,323,626
School lease rental
25
6,830,011
6,827,451
Depreciation expenses
9
3,259,106
3,614,552
Amortisation of intangible assets
10
739,709
738,932
Cost of goods sold
754,179
738,612
Enrichment programme cost
529,391
475,354
Utilities
773,997
909,590
Upkeep and maintenance
1,136,995
1,191,538
Share subsidy for staff shareholders
1,080,864
–
Other operating expenses
6
4,599,622
4,113,026
Total operating expenses
75,772,156
71,932,681
Pro t before taxation
27,323,961
24,469,978
Income tax expense
7
(4,713,804)
(3,813,457)
Pro t for the year attributable to owners of the Company
22,610,157
20,656,521
Other comprehensive income for the year, net of tax
Item that may be reclassi ed subsequently to pro t or loss
Foreign currency translation
60
(114)
Total comprehensive income for the year attributable to owners
of the Company
22,610,217
20,656,407
Earnings per share (cents)
– Basic and diluted
8
5.7
7.8
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
For the nancial year ended 31 December 2013
The accompanying accounting policies and explanatory notes form an integral part of the consolidated financial statements.
Overseas Education Limited AR 2013
INVESTING IN EDUCATION
38