tailieunhanh - UNAUDITED FIRST QUARTER FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT FOR THE PERIOD ENDED

The other change agreed by the Committee is relevant for banks using the standardised approach for credit risk. When a bank confirms a letter of credit, it has an exposure to another bank (the bank that issues the letter of credit – or the “issuing bank”). In the case of a low income country which imports goods, the issuing bank is usually domiciled in the importer’s country (ie the low income country) and typically does not have an external credit rating. Under the regulatory capital framework, where the risk weights are based on the external ratings of bank counterparties, claims. | UNION STEEL HOLDINGS LIMITED Co Reg. No. 200410181W Unaudited First Quarter Financial statement And Dividend Announcement For the Period Ended 30 SEPTEMBER 2012 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY Q1 Q2 Q3 HALF-YEAR AND FULL YEAR RESULTS 1 a An income statement for the group together with a comparative statement for the corresponding period of the immediately preceding financial year STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2012 GROUP Increase Decrease Q1 FY2013 S 000 Q1 FY2012 S 000 Revenue 18 716 14 607 Cost of sales 16 438 12 654 Gross profit 2 278 1 952 Other income 2 027 2 004 Distribution and marketing expenses 109 151 Administrative expenses 1 766 1 650 Other operating expenses 1 521 1 689 Profit from operations 909 467 Finance costs 176 145 Profit before income tax 733 322 Income tax 80 17 Net profit 653 305 Net profitZ loss attributable to Equity holders of the Company 437 305 Non Controlling Interest 216 - . 653 305 1 STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2012 Net profit Other comprehensive income Total comprehensive income for the year Total comprehensive income attributable to Equity holders of the Company Non Controlling Interest GROUP Increase Q1 FY2013 Q1 FY2012 Decrease S 000 S 000 653 305 653 305 437 305 216 - . 653 305 Profit for the period is arrived at after crediting charging - GROUP Q1 FY2013 Q1 FY2012 Increase S 000 S 000 Decrease Depreciation of property plant and equipment 1 174 831 Loss Gain on disposal of property plant and equipment 43 658 Interest income 7 15 Amortisation of deferred gain on sale of properties 519 519 Finance expenses 176 145 Net foreign exchange loss 125 371 Amortisation of intangible assets 88 - . Impairment loss in value of inventories - 15 2 1 b i A statement of financial position for .

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