Raffles Education Co Ltd
SGX:NR7
Income Statement
Earnings Waterfall
Raffles Education Co Ltd
Revenue
|
113.8m
SGD
|
Operating Expenses
|
-83m
SGD
|
Operating Income
|
30.8m
SGD
|
Other Expenses
|
-40.3m
SGD
|
Net Income
|
-9.5m
SGD
|
Income Statement
Raffles Education Co Ltd
Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
131
N/A
|
131
+0%
|
132
+0%
|
127
-3%
|
128
+1%
|
126
-2%
|
125
-1%
|
124
0%
|
127
+2%
|
123
-3%
|
122
-1%
|
122
+0%
|
120
-2%
|
120
0%
|
119
-1%
|
114
-4%
|
111
-3%
|
107
-4%
|
102
-5%
|
99
-2%
|
96
-3%
|
96
-1%
|
96
+0%
|
96
0%
|
97
+1%
|
96
-1%
|
97
+1%
|
98
+1%
|
98
+0%
|
100
+3%
|
101
+1%
|
100
-1%
|
149
+48%
|
98
-34%
|
121
+24%
|
103
-15%
|
129
+26%
|
105
-18%
|
106
+1%
|
111
+5%
|
114
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(97)
|
(104)
|
(155)
|
(97)
|
(168)
|
(157)
|
(140)
|
(145)
|
(85)
|
(115)
|
(124)
|
(119)
|
(114)
|
(107)
|
(106)
|
(105)
|
(109)
|
(102)
|
(99)
|
(98)
|
(102)
|
(96)
|
(96)
|
(95)
|
(104)
|
(99)
|
(101)
|
(101)
|
(103)
|
(98)
|
(94)
|
(102)
|
(139)
|
(105)
|
(94)
|
(113)
|
(137)
|
(127)
|
(129)
|
(135)
|
(83)
|
|
Selling, General & Administrative |
(64)
|
(65)
|
(64)
|
(64)
|
(67)
|
(65)
|
(61)
|
(60)
|
(59)
|
(61)
|
(61)
|
(58)
|
(46)
|
(51)
|
(51)
|
(50)
|
(43)
|
(48)
|
(47)
|
(46)
|
(40)
|
(46)
|
(46)
|
(46)
|
(43)
|
(47)
|
(48)
|
(48)
|
(44)
|
(49)
|
(47)
|
(42)
|
(62)
|
(42)
|
(52)
|
(43)
|
(54)
|
(44)
|
(44)
|
(43)
|
(42)
|
|
Depreciation & Amortization |
(20)
|
(19)
|
(19)
|
(19)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(14)
|
(12)
|
(11)
|
(11)
|
(10)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(16)
|
(25)
|
(18)
|
(23)
|
(19)
|
(24)
|
(20)
|
(20)
|
(20)
|
(20)
|
|
Other Operating Expenses |
(14)
|
(20)
|
(72)
|
(15)
|
(86)
|
(77)
|
(64)
|
(71)
|
(10)
|
(40)
|
(51)
|
(50)
|
(57)
|
(46)
|
(44)
|
(43)
|
(55)
|
(43)
|
(42)
|
(42)
|
(51)
|
(39)
|
(39)
|
(39)
|
(49)
|
(39)
|
(39)
|
(38)
|
(45)
|
(35)
|
(32)
|
(44)
|
(52)
|
(45)
|
(19)
|
(51)
|
(59)
|
(63)
|
(65)
|
(73)
|
(21)
|
|
Operating Income |
34
N/A
|
27
-21%
|
(23)
N/A
|
30
N/A
|
(39)
N/A
|
(31)
+22%
|
(16)
+49%
|
(21)
-34%
|
42
N/A
|
9
-80%
|
(2)
N/A
|
3
N/A
|
6
+111%
|
12
+97%
|
13
+4%
|
9
-28%
|
2
-82%
|
5
+182%
|
3
-47%
|
1
-49%
|
(6)
N/A
|
0
N/A
|
0
+45%
|
1
+288%
|
(8)
N/A
|
(3)
+57%
|
(4)
-38%
|
(3)
+26%
|
(5)
-41%
|
2
N/A
|
8
+249%
|
(1)
N/A
|
10
N/A
|
(7)
N/A
|
27
N/A
|
(11)
N/A
|
(8)
+29%
|
(21)
-182%
|
(23)
-8%
|
(25)
-7%
|
31
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(9)
|
6
|
10
|
(10)
|
67
|
48
|
33
|
76
|
45
|
74
|
77
|
35
|
16
|
10
|
4
|
(0)
|
26
|
20
|
23
|
23
|
9
|
1
|
3
|
2
|
52
|
52
|
49
|
47
|
1
|
(3)
|
1
|
(3)
|
(3)
|
5
|
(5)
|
(16)
|
(18)
|
7
|
29
|
24
|
(36)
|
|
Non-Reccuring Items |
(36)
|
(52)
|
0
|
(52)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
0
|
1
|
1
|
(2)
|
(2)
|
(10)
|
(10)
|
31
|
29
|
37
|
(2)
|
26
|
33
|
0
|
39
|
39
|
37
|
0
|
(1)
|
(1)
|
|
Total Other Income |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
0
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
(1)
|
(2)
|
0
|
0
|
2
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
(0)
|
0
|
|
Pre-Tax Income |
(10)
N/A
|
(18)
-77%
|
(13)
+28%
|
(31)
-137%
|
28
N/A
|
18
-37%
|
17
0%
|
54
+211%
|
87
+60%
|
83
-5%
|
75
-9%
|
38
-49%
|
22
-42%
|
23
+2%
|
17
-26%
|
9
-46%
|
28
+203%
|
25
-10%
|
26
+4%
|
25
-5%
|
4
-85%
|
1
-81%
|
3
+367%
|
3
-4%
|
42
+1 247%
|
47
+10%
|
33
-29%
|
32
-2%
|
28
-14%
|
30
+6%
|
47
+60%
|
(7)
N/A
|
33
N/A
|
30
-10%
|
22
-25%
|
12
-46%
|
14
+12%
|
22
+66%
|
6
-72%
|
(2)
N/A
|
(6)
-235%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(49)
|
(50)
|
(50)
|
(32)
|
7
|
8
|
8
|
(6)
|
(28)
|
(21)
|
(19)
|
(4)
|
(3)
|
(3)
|
(2)
|
(1)
|
(8)
|
(8)
|
(8)
|
(8)
|
(3)
|
(5)
|
(5)
|
(5)
|
(20)
|
(19)
|
(19)
|
(15)
|
13
|
13
|
18
|
(7)
|
(10)
|
(13)
|
(16)
|
(25)
|
(26)
|
(15)
|
(1)
|
(7)
|
(7)
|
|
Income from Continuing Operations |
(59)
|
(68)
|
(64)
|
(63)
|
35
|
26
|
25
|
48
|
59
|
62
|
56
|
34
|
19
|
20
|
15
|
8
|
20
|
17
|
18
|
17
|
0
|
(4)
|
(2)
|
(1)
|
23
|
28
|
14
|
17
|
41
|
42
|
65
|
(14)
|
23
|
17
|
7
|
(13)
|
(12)
|
8
|
5
|
(9)
|
(13)
|
|
Income to Minority Interest |
6
|
3
|
2
|
5
|
(8)
|
(6)
|
(5)
|
(8)
|
(3)
|
(3)
|
(2)
|
0
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(12)
|
(12)
|
(12)
|
(12)
|
(1)
|
(1)
|
(1)
|
(2)
|
(4)
|
(0)
|
0
|
3
|
3
|
2
|
2
|
4
|
3
|
|
Net Income (Common) |
(66)
N/A
|
(80)
-21%
|
(79)
+2%
|
(72)
+9%
|
27
N/A
|
20
-25%
|
21
+5%
|
40
+92%
|
55
+37%
|
59
+6%
|
53
-9%
|
34
-36%
|
17
-50%
|
17
+1%
|
12
-33%
|
5
-60%
|
16
+245%
|
13
-16%
|
15
+10%
|
13
-10%
|
(2)
N/A
|
(6)
-224%
|
(4)
+41%
|
(4)
-7%
|
11
N/A
|
16
+47%
|
2
-88%
|
5
+177%
|
40
+666%
|
42
+3%
|
64
+54%
|
(16)
N/A
|
19
N/A
|
16
-15%
|
7
-58%
|
(11)
N/A
|
(9)
+15%
|
10
N/A
|
7
-25%
|
(5)
N/A
|
(9)
-79%
|
|
EPS (Diluted) |
-0.05
N/A
|
-0.07
-40%
|
-0.07
N/A
|
-0.07
N/A
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.03
+200%
|
0.05
+67%
|
0.05
N/A
|
0.05
N/A
|
0.03
-40%
|
0.02
-33%
|
0.01
-50%
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.02
N/A
|
0.02
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.02
+100%
|
0.01
-50%
|
0.01
N/A
|
0.03
+200%
|
0.03
N/A
|
0.05
+67%
|
-0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0
N/A
|
-0.01
N/A
|
-0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0
N/A
|
-0.01
N/A
|