Page 18 - MCOM MODEL ANSWER 2

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Audited 2015 and 2016 Projected financials : APPENDIX 2

MCOM PLC

ABRIDGED INCOME STATEMENT (S$ millions)

2016 2015
(Audited)
Revenue *160,299 147,063
Other income 8,409 8,409
Operating expenses (Note 1) *(108,116) (87,060)
EBITDA before Nakolia regulatory fine *60,592 68, 412
Nakolia regulatory fine (10,499) (9,287)
EBITDA *50,093 59,125
Depreciation and amortisation (24,900) (23,293)
Impairment of goodwill (605) (504)
Operating profit *24,588 35,328
Net finance costs (6,020) (3,010)
Net monetary gain 1,348 1,348
Share of results of Associates and Joint Ventures after tax 1,226 1,226
(Loss)/Profit before tax *21,142 34,892
Income tax expense *(6,860) (11,322)
(Loss)/Profit after tax *14,281 23,570
Dividends Declared *11,425 18,856
Retained Profits * 2,856 4,714

Note 1:
Cost of Sales
Direct network and technology operating costs2 18,809
Costs of handsets and other accessories 10,829
Interconnect and roaming costs 13,102
*64,120 42,740

Operating costs
Staff costs 8.587 8,587
Selling, distribution and marketing expenses 18,412 18,412
Government and regulatory costs 5,888 5,888
Other operating expenses *11,109 11,433
*43,996 44,320

Total 87,060

* Figures derived/computed from the assumptions underlying projections.

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