MASNET No. 75 OF 21.03.2002
Announcement No. 76


FEDERAL INTERNATIONAL (2000) LTD

Proforma Full Year Financial Statement And Dividend Announcement


Full-year financial statement on consolidated results for the year ended 31 December 2001.
These figures have not been audited.


-
Group
Company
-
S$'000
%
S$'000
%
- -
Latest year 31/12/2001
Previous year 31/12/2000
Change
Latest year 31/12/2001
Previous year 31/12/2000
Change
1.(a) Turnover
71,938
64,284
11.91
0
0
NM
1.(b) Investment income
0
0
NM
1,800
1,295
39.00
1.(c) Other income including interest income
1,866
1,274
46.47
1,624
646
151.39
2.(a) Operating profit before income tax, minority interests, extraordinary items, interest on borrowings, depreciation and amortisation, foreign exchange gain/(loss) and exceptional items
2,338
5,178
(54.85)
1,936
1,357
42.67
2.(b)(i) Interest on borrowings
(791)
(642)
23.21
(18)
0
NM
2.(b)(ii) Depreciation and amortisation
(1,087)
(593)
83.31
(147)
0
NM
2.(b)(iii) Foreign exchange gain/(loss)
259
676
(61.69)
48
0
NM
2.(c) Exceptional items
0
0
NM
0
0
NM
2.(d) Operating profit before income tax, minority interests and extraordinary items but after interest on borrowings, depreciation and amortisation, foreign exchange gain/(loss) and exceptional items
719
4,619
(84.43)
1,819
1,357
34.05

-
Group
Company
-
S$'000
%
S$'000
%
- -
Latest year 31/12/2001
Previous year 31/12/2000
Change
Latest year 31/12/2001
Previous year 31/12/2000
Change
2.(e) Income derived from associated companies
(112)
(293)
(61.77)
0
0
NM
2.(f) Less income tax
(264)
(1,742)
(84.85)
(462)
(347)
33.14
2.(g)(i) Operating profit after tax before deducting minority interests
343
2,584
(86.73)
1,357
1,010
34.36
2.(g)(ii) Less minority interests
575
0
NM
0
0
NM
2.(h) Operating profit after tax attributable to members of the company
918
2,584
(64.47)
1,357
1,010
34.36
2.(i)(i) Extraordinary items
0
0
NM
0
0
NM
2.(i)(ii) Less minority interests
0
0
NM
0
0
NM
2.(i)(iii) Extraordinary items attributable to members of the company
0
0
NM
0
0
NM
2.(i)(iv) Transfer to/from Exchange Reserve
0
0
NM
0
0
NM
2.(i)(v) Transfer to Capital Reserve
0
0
NM
0
0
NM
2.(i)(vi) Transfer to Reserve Fund
0
0
NM
0
0
NM
2.(j) Operating profit after tax and extraordinary items attributable to members of the company
918
2,584
(64.47)
1,357
1,010
34.36


-
Group Figures
-
Latest year
Previous year
3.(a) Operating profit [2(g)(i) above] as a percentage of turnover [1(a) above]
0.48%
4.02%
3.(b) Operating profit [2(h) above] as a percentage of issued capital and reserves at end of year
2.10%
5.96%
3.(c) Earnings per ordinary share for the year based on 2(h) above after deducting any provision for preference dividends:-
3.(c)(i) Based on existing issued share capital
0.52 cents
1.82 cents
3.(c)(ii) On a fully diluted basis
NA
NA
3.(d) Earnings per share based on 2(j) above:-
(i) Based on existing issued share capital
0.52 cents
1.82 cents
(ii) On a fully diluted basis
NA
NA
3.(e) Net tangible asset backing per ordinary share
23.71 cents
24.75 cents


NA - Not Applicable

Notes:

(1) The earnings per share of the existing issued share capital for the years under review is calculated on the earnings set out in 2(h) and 2(j) above and the weighted number of issued shares of 175,243,875 (2000: 142,243,875).

(2) The net tangible asset per share is calcualted based on the share capital of 175,243,875 shares (2000: 175,243,875).



-
Group
Company
-
S$'000
%
S$'000
%
- -
Latest year 31/12/2001
Previous year 31/12/2000
Change
Latest year 31/12/2001
Previous year 31/12/2000
Change
4.(a) Sales reported for first half year
38,594
35,507
8.69
0
0
NM
4.(b) Operating profit [2(g)(i) above] reported for first half year
942
2,321
(59.41)
303
0
NM
4.(c) Sales reported for second half year
33,344
28,777
15.87
0
0
NM
4.(d) Operating profit [2(g)(i) above] reported for second half year
(599)
263
(327.76)
1,054
1,010
4.36


NM: Not Meaningful



5.(a) Amount of any adjustment for under or overprovision of tax in respect of prior years


5.(b) Amount of any pre-acquisition profits


5.(c) Amount of profits on any sale of investments and/or properties

Item 5c Table


5.(d) Any other comments relating to Paragraph 5




6. Segmental Results




7.(a) Review of the performance of the company and its principal subsidiaries



7.(b) A statement by the Directors of the Company on whether "any item or event of a material


8. Commentary on current year prospects




9. Dividend

(a) Present Period
(b) Previous Corresponding Period
(c) Total Annual Dividend






10. Balance sheet




11. Details of any changes in the company's issued share capital



12. Comparative figures of the group's borrowings and debt securities




BY ORDER OF THE BOARD

Koh Kian Kiong
Director & Chief Executive Officer
21/03/2001