What is the times interest earned (TIE) for the firm in that picture?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is the times interest earned (TIE) for the firm in that picture?
Transcribed Image Text:INCOME
STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
Group
Company
2016
2015
2016
2015
Note
RM'000
RM'000
RM’000
RM'000
Revenue
1,841,479
1,749,866
40,000
100,000
Cost of sales
4
(1,330,998)
(1,224,705)
Gross profit
510,481
525,161
40,000
100,000
Other income
68,118
117,604
101,454
82,176
Selling and distribution expenses
(86,685)
(144,845)
Other expenses
(274,054)
(204,843)
(19,480)
(53,782)
Operating profit
217,860
293,077
121,974
128,394
Finance costs
(75,992)
(73,868)
(110,492)
(88,685)
Share of results of associates
14,576
11,811
Share of results of joint ventures
61,204
112,019
Profit before zakat and income tax
217,648
343,039
11,482
39,709
Zakat
7
(4,719)
(8,662)
Income tax (expense)/credit
8
(64,590)
(77,387)
45
169
Profit for the year
148,339
256,990
11,527
39,878
Attributable to:
Owners of the parent
147,302
257,212
11,527
39,878
Non-controlling interests
1,037
(222)
148,339
256,990
11,527
39,878
Earnings per share attributable to owners of
the parent (sen):
Basic, for profit for the year
10
3.0
5.7
Diluted, for profit for the year
10
2.6
5.5
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