28
TIH Limited
2
Basis of preparation (continued)
2.5 Changes in accounting policies (continued)
(i)
Subsidiaries (continued)
Consolidated statement of profit or loss and
Consolidated statement of comprehensive income
Year ended 31 December 2013
As previously
reported Adjustments As restated
$’000
$’000
$’000
Group
Dividends from subsidiary
–
7,675
7,675
Dividends/distributions from unquoted equity
investments
3,364
(3,303)
61
Dividends from quoted equity investments
3
–
3
Net gain on disposal of investments
53,875
(5,140)
48,735
Net change in fair value of financial
instruments
4,197
263
4,460
Impairment losses
(23)
23
–
Interest income from unquoted equity
investments
2,152
–
2,152
Net gains from investments/ Total
investment income
63,568
(482)
63,086
Net finance income
128
(8)
120
Operating expenses
(15,968)
8
(15,960)
Profit before tax
47,728
(482)
47,246
Income tax
(4,984)
455
(4,529)
Profit for the year attributable to owners
of the Company
42,744
(27)
42,717
Net change in fair value of available-for-sale
investments
4,654
27
4,681
Total comprehensive income for the
financial year
47,398
–
47,398
Earnings per share (expressed in cents
per share)
Basic
18.24
(0.01)
18.23
Diluted
18.24
(0.01)
18.23
