SBS TRANSIT LTD ANNUAL

Financial Statements

A GROUP INCOME STATEMENT Group 2nd Half 2nd Half Incr/ Full Year Full Year Incr/ Note 2022 (N1) 2021 (N1) (Decr) 2022 2021 (Decr) $'000 $'000 % $'000 $'000 % Revenue 7 82,915 6 70,024 1 6.8 1 ,515,311 1 ,310,842 15.6 Staff costs 3 63,571 3 11,038 1 6.9 7 35,928 6 25,554 17.6 Repairs and maintenance costs 1 17,722 1 08,928 8.1 2 06,558 2 04,404 1.1 Fuel and electricity costs 1 38,836 8 1,175 7 1.0 2 59,288 1 48,703 74.4 Premises costs 3 4,458 2 3,593 4 6.1 56,226 47,063 19.5 Depreciation expense 4 6,368 5 3,676 ( 13.6) 93,991 1 05,340 (10.8) Other operating costs 4 5,059 7 6,239 ( 40.9) 83,412 1 26,224 (33.9) Total operating costs 7 46,014 6 54,649 1 4.0 1 ,435,403 1 ,257,288 14.2 Operating profit 5 3 6,901 1 5,375 1 40.0 79,908 53,554 49.2 Interest income 3,972 184 NM 4,524 291 NM Finance costs (698) (581) 2 0.1 (1,473) (1,339) 10.0 Profit before taxation 4 0,175 1 4,978 1 68.2 82,959 52,506 58.0 Tax (expense) credit 6 (6,794) 181 NM ( 14,937) (872) NM Profit attributable to shareholders 3 3,381 1 5,159 1 20.2 68,022 51,634 31.7 Operating Profit (Loss) before COVID-19 Government reliefs 36,901 (6,348) NM 79,908 (2,769) NM COVID-19 Government reliefs - 21,723 NM - 56,323 NM Operating Profit after COVID-19 Government reliefs 36,901 15,375 140.0 79,908 53,554 49.2 Please refer to paragraph G2 for a detailed explanation of the Group's financial performance. N1 – Unaudited NM – Not meaningful Page 1 of 26 B GROUP COMPREHENSIVE INCOME STATEMENT Group 2nd Half 2nd Half Full Year Full Year 2022 (N1) 2021 (N1) 2022 2021 $'000 $'000 $'000 $'000 Profit attributable to shareholders 3 3,381 1 5,159 6 8,022 5 1,634 Items that may be reclassified subsequently to profit or loss Fair value adjustment on cash flow hedges ( 1,306) 4 84 ( 997) 4 84 Total comprehensive income attributable to shareholders 3 2,075 1 5,643 6 7,025 5 2,118 N1 – Unaudited Earnings per ordinary share - Basic and Diluted Group Full Year Full Year 2022 2021 Based on weighted average number of ordinary shares in issue (cents) 21.81 16.56 Page 2 of 26 C STATEMENTS OF FINANCIAL POSITION Group Company 31 Dec 31 Dec 31 Dec 31 Dec Note 2022 2021 2022 2021 $'000 $'000 $'000 $'000 ASSETS Current assets Short-term deposits and bank balances 3 45,304 2 04,034 3 42,498 2 01,974 Trade and other receivables 2 61,132 2 53,372 1 84,930 4 90,545 Inventories 1 02,649 1 01,482 1 6,290 7 3,340 Total current assets 7 09,