Asia Enterprises : Full Yearly Results

ASIA ENTERPRISES HOLDING LIMITED

(Company Registration No. 200501021H)

Unaudited Full Year Financial Statement and Dividend Announcement for the Year ended 31 December 2016 PART I - INFORMATION REQUIRED FOR QUARTERLY (Q1, Q2 & Q3), HALF YEAR AND FULL YEAR ANNOUNCEMENTS 1(a) An income statement and statement of comprehensive income, or a statement of comprehensive income, for the group together with a comparative statement for the corresponding period of the immediately preceding financial year

Revenue Cost of Sales Gross Profit Other Items of Income Interest Income Other Gains Other Items of Expense Marketing and Distribution Costs Administrative Expenses Finance Costs Other Losses Profit/(Loss) Before Tax from Continuing Operations Income Tax (Expense) / Income Profit/(Loss) Net of Tax Profit/(Loss) Attributable to Owners of the Parent, Net of Tax Profit/(Loss) Attributable to Non-Controlling Interests, Net of Tax Earnings/(Loss) Per Share Basic (Cents) Diluted (Cents)	Group
	4Q FY2016 S$'000	4Q FY2015 S$'000	% +/(-)	Year Ended 31/12/2016 S$'000	Year Ended 31/12/2015 S$'000	% +/(-)
	6,331 (4,725)	7,014 (6,466)	(10) (27) 193 (8) NM (61) (2) - (99) NM NM NM NM NM NM	30,880 (22,732)	32,300 (28,631)	(4) (21) 122 40 (23) (10) 4 NM (99) NM NM NM NM NM NM
	1,606 169 216 (57) (1,093) - (63)	548 183 20 (148) (1,116) - (9,969)		8,148 801 197 (361) (6,280) - (63)	3,669 572 257 (403) (6,020) (1) (10,244)
	778 (59)	(10,482) 56		2,442 (59)	(12,170) 36
	719	(10,426)		2,383	(12,134)
	690 29	(10,333) (93)		2,335 48	(12,080) (54)
	719	(10,426)		2,383	(12,134)
	0.20 0.20	(3.02) (3.02)		0.68 0.68	(3.53) (3.53)

Profit/(Loss) before tax is arrived at after crediting (charging) the following:

Gain on disposal of plant and equipment Foreign exchange adjustment gain/(loss) Write-back of doubtful debts and bad debts Written-off of doubtful debts and bad debts Dividend income Inventory written down Impairment loss on other asset Depreciation expenses	Group
	4Q	4Q	%	Year Ended	Year Ended	%
	FY2016	FY2015		31/12/2016	31/12/2015
	S$'000	S$'000	+/(-)	S$'000	S$'000	+/(-)
	-	-	-	25	25	-
	213	19	NM	119	(36)	NM
	3	-	NM	53	231	(77)
	(13)	(159)	(92)	(13)	(398)	(97)
	-	1	NM	-	1	NM
	-	(9,810)	NM	-	(9,810)	NM
	(50)	-	NM	(50)	-	NM
	(111)	(111)	-	(445)	(450)	(1)

ASIA ENTERPRISES HOLDING LIMITED

(Company Registration No. 200501021H)

1(a)

An income statement and statement of comprehensive income, or a statement of comprehensive income, for the group together with a comparative statement for the corresponding period of the immediately preceding financial year (Cont'd)

Consolidated Statement of Comprehensive Income

Profit/(Loss) Net of Tax	Group
	4Q	4Q	%	Year Ended	Year Ended	%
	FY2016	FY2015		31/12/2016	31/12/2015
	S$'000	S$'000	+/(-)	S$'000	S$'000	+/(-)
	719	(10,426)	NM	2,383	(12,134)	NM
Other Comprehensive Income	-	-	NM	-	-	NM
Total Comprehensive Income/(Loss) for the Period	719	(10,426)		2,383	(12,134)
Total Comprehensive Income/(Loss) Attributable to	690	(10,333)	NM	2,335	(12,080)	NM
Owners of the Parent
Total Comprehensive Income/(Loss) Attributable to	29	(93)	NM	48	(54)	NM
Non-Controlling Interests
Total Comprehensive Income/(Loss)	719	(10,426)	NM	2,383	(12,134)	NM

NM : Not meaningful

ASIA ENTERPRISES HOLDING LIMITED

(Company Registration No. 200501021H)

1(b)(i)

A statement of financial position (for the issuer and group), together with a comparative statement as at the end of the immediately preceding financial year

Statements of Financial Position

ASSETS	Group		Company
	As at	As at	As at	As at
	31/12/2016	31/12/2015	31/12/2016	31/12/2015
	S$'000	S$'000	S$'000	S$'000
	23,404	8,004	-	-
Non-Current Assets
Property, Plant and Equipment
Investment Property	506	526	-	-
Investments in Subsidiaries	-	-	43,530	43,530
Other Asset	50	100	-	-
Total Non-Current Assets	23,960	8,630	43,530	43,530
Current Assets	12,824	16,981	-	-
Inventories
Trade and Other Receivables	5,845	6,458	17,017	18,000
Other Financial Assets	12	1,019	-	-
Cash and Cash Equivalents	60,470	68,372	2,942	2,662
Total Current Assets	79,151	92,830	19,959	20,662
Total Assets	103,111	101,460	63,489	64,192
EQUITY AND LIABILITIES	58,856	58,856	58,856	58,856
Equity Attributable to Owners of the Parent
Share Capital
Treasury Shares	(138)	-	(138)	-
Retained Earnings	33,897	33,272	4,536	5,100
Capital Reserve	575	575	-	-
Equity, Attributable to Owners of the Parent	93,190	92,703	63,254	63,956
Non-Controlling Interests	5,767	5,879	-	-
Total Equity	98,957	98,582	63,254	63,956
Non-Current Liabilities	742	688	-	-
Deferred Tax Liabilities
Total Non-Current Liabilities	742	688	-	-
Current Liabilities	8	12	8	12
Income Tax Payable
Trade and Other Payables	3,404	2,178	227	224
Total Current Liabilities	3,412	2,190	235	236
Total Liabilities	4,154	2,878	235	236
Total Equity and Liabilities	103,111	101,460	63,489	64,192

ASIA ENTERPRISES HOLDING LIMITED

(Company Registration No. 200501021H)

1(b)(ii) Aggregate amount of group's borrowings and debt securities Amount repayable in one year or less, or on demand

As at 31/12/2016 As at 31/12/2015

S$'000 S$'000

Secured	Unsecured	Secured	Unsecured
-	-	-	-

Amount repayable after one year

As at 31/12/2016 As at 31/12/2015

S$'000 S$'000

Secured	Unsecured	Secured	Unsecured
-	-	-	-

Details of any collateral

Not applicable.