Consolidated Income Statement

    Year ended December 31,
  NOTES 2010 2009
Revenue: 1 5,578,599 3,460,997
Sales of goods   5,421,084 3,393,303
Rendering of services   157,515 67,694
Cost of sales 2 (4,285,349) (2,904,597)
Gross profit   1,293,250 556,400
Selling and distribution expenses 3 (403,143) (312,551)
Advertising and promotion expenses 4 (11,099) (4,579)
General and administrative expenses 5 (231,975) (203,748)
Research and development expenses 6 (13,309) (10,214)
Other operating expenses 7 (44,978) (33,157)
Other operating income 9 11,042 16,006
Impairment of goodwill 20 - (10,053)
Impairment of property, plant and equipment 19 - (37,276)
Foreign exchange gain, net   9,512 14,233
Finance costs   (430,586) (446,875)
Finance income 10 18,895 43,264
Loss on changes in fair value of derivative financial instrument 25 (12,361) -
Share of profit in associate 8 - 1,416
Gain on disposal of associate 8 - 379
Profit/(loss) before tax   185,248 (426,755)
Income tax (expense)/benefit 12 (81,174) 103,010
Profit/(loss) for the year   104,074 (323,745)
Attributable to:      
Equity holders of the parent entity   104,334 (315,726)
Non-controlling interests   (260) (8,019)
    104,074 (323,745)
Earnings/(loss) per share attributable to equity holders of the parent
entity, basic and diluted (in US dollars)
13 0.12 (0.36)
    Year ended December 31,
  NOTES 2010 2009
Revenue: 1 5,578,599 3,460,997
Sales of goods   5,421,084 3,393,303
Rendering of services   157,515 67,694
Cost of sales 2 (4,285,349) (2,904,597)
Gross profit   1,293,250 556,400
Selling and distribution expenses 3 (403,143) (312,551)
Advertising and promotion expenses 4 (11,099) (4,579)
General and administrative expenses 5 (231,975) (203,748)
Research and development expenses 6 (13,309) (10,214)
Other operating expenses 7 (44,978) (33,157)
Other operating income 9 11,042 16,006
Impairment of goodwill 20 - (10,053)
Impairment of property, plant and equipment 19 - (37,276)
Foreign exchange gain, net   9,512 14,233
Finance costs   (430,586) (446,875)
Finance income 10 18,895 43,264
Loss on changes in fair value of derivative financial instrument 25 (12,361) -
Share of profit in associate 8 - 1,416
Gain on disposal of associate 8 - 379
Profit/(loss) before tax   185,248 (426,755)
Income tax (expense)/benefit 12 (81,174) 103,010
Profit/(loss) for the year   104,074 (323,745)
Attributable to:      
Equity holders of the parent entity   104,334 (315,726)
Non-controlling interests   (260) (8,019)
    104,074 (323,745)
Earnings/(loss) per share attributable to equity holders of the parent
entity, basic and diluted (in US dollars)
13 0.12 (0.36)

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