Stamford Land Corporate Ltd

Email This Print This

Latest Financials

Financial Statements And Related Announcement - Full Yearly Results

Financials Archive

Get Adobe Reader Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.


Profit & Loss


Consolidated Statement of Total Comprehensive Income


Balance Sheets


Review Of Performance

Consolidated income statement


Hotel owning & management

  • Revenue growth of 7.3% in Q4 FY2017 and 3.4% in YTD FY2017 was due mainly to a stronger A$.
  • Operating profit for Q4 FY2017 and YTD FY2017 increased mainly due to lower operating costs.

Property development

  • Revenue and operating profit were higher for Q4 FY2017 and YTD FY2017 mainly due to revenue and profits from sale of apartments in Macquarie Park Village upon completion and settlement of 174 apartments in Q4 FY2017.

Property investment

  • Revenue and operating profit for YTD FY2017 were slightly higher due to rent adjustments for FY2017.


  • Revenue and operating profit declined due to challenging business environment in both travel agency and interior decoration business.

Consolidated Balance Sheet

  • Decrease in cash and cash equivalents was mainly due to payment of dividends and reduction of borrowings.
  • Increase in tax recoverable was due to payment of withholding tax which was refunded in April 2017.
  • The capitalisation of construction costs in development properties relates to Macquarie Park Village.
  • Decrease in trade payables was due to disbursements of construction costs for Macquarie Park Village.

Consolidated Statement of Cash Flows

The Group registered a net decrease in cash and cash equivalents of S$17.7 million for YTD FY2017, details as follows:

  • Cash inflow from operating activities;
  • Cash outflow from investing activities mainly due to ongoing refurbishment projects; and
  • Cash outflow from financing activities mainly due to additional borrowings drawn down for an ongoing development project, partially offset by repayment of borrowings and payment of dividends.


  • The property development segment booked in profits from the settlement of 174 out of 710 apartments in Macquarie Park Village, hence an improvement in contributions. The remaining apartments will be completed in FY2018 and beyond.
  • The hotel segment performed slightly ahead of the previous year and is expected to remain stable.
  • Our property investment segment continues to generate stable operating cash flows. There is however a significant fair value impairment of S$10.9 million on Dynon's Plaza in FY2017.
  • Barring any unforeseen circumstances, the Group expects to remain profitable for FY2018.