BANYAN TREE HOLDINGS LIMITED INTERIM

Income Statement

A BANYAN TREE HOLDINGS LIMITED Unaudited results for the Fourth Quarter and Full Year ended 31 December 2019 1(a)(ii) Statement of Comprehensive Income Group Group 3 months ended 31 Dec 12 months ended 31 Dec 2019 2018 Incr/ 2019 2018 Incr/ Notes (S$’000) (S$’000) (Decr) % (S$’000) (S$’000) (Decr) % Profit for the Period/Year 15,548 5,966 161% 2,529 14,393 -82% Other comprehensive income: Items that may be reclassified subsequently to profit or loss: Realisation of currency translation reserves - (4,848) -100% - (4,848) -100% Exchange differences arising from consolidation of foreign operations and net investment in foreign operations 11 (2,310) (4,321) -47% 26,967 2,389 nm Items that will not be reclassified to profit or loss: Adjustment on property revaluation reserve, net of deferred tax 12 37,122 - 100% 37,161 - 100% Net fair value loss on equity instruments at fair value through other comprehensive income (5,301) (2,069) 156%- (5,301) (2,069) 156%- Share of other comprehensive loss of an associate (8) - 100% (8) - 100% Actuarial gain/(loss) arising from defined benefit plan, net of deferred tax 7 (363) nm (121) (363) -67% Total comprehensive income/(expense) for the Period/Year 45,058 (5,635) nm 61,227 9,502 nm Attributable to: Owners of the Company 37,451 (5,591) nm 49,172 4,186 nm Non-controlling interests 7,607 (44) nm 12,055 5,316 127% 45,058 (5,635) nm 61,227 9,502 nm 1(a)(iii) Additional Disclosures Adjustments for under or over provision of tax in respect of prior years Included in the tax expense were adjustments for over provision of tax relating to prior years of S$511,000 (4Q18: under provision of S$502,000) and over provision of S$691,000 for FY19 relating to prior years (FY18: under provision of S$785,000). Group Group 3 months ended 31 Dec 12 months ended 31 Dec 2019 2018 Incr/ 2019 2018 Incr/ (S$’000) (S$’000) (Decr) % (S$’000) (S$’000) (Decr) % Profit from operations and other gains is stated after charging/(crediting): Write-back of loss allowance on financial assets (23) (26) -12% (173) (2,610) -93% Provision for loss allowance on financial assets 1,933 - 100% 4,117 483 nm Allowance for inventory obsolescence 5 30 -83% 46 92 -50% Exchange (gain)/loss (1,059) 1,258 nm (2,275) 239 nm Gain on disposal of investments in subsidiaries - (12,459) -100% - (12,459) -100% Gain on disposal of joint venture/associate - (9,042) -100% - (25,155) -10