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20-02-2016, 01:16 PM
UE E&C owns 30% stake in Waterwoods EC. Minority interest is $5.919m in 4Q2015. Hence Waterwoods contribution to Sing Holdings (70% stake) for 4Q2015 is $13.811m($5.919m/0.3 * 0.7). The majority of the other earnings came from Robin Residences.
If 43% units in Waterwoods had been served with NVP in 4Q2015, then 57% in 1Q2016 will bring in $18.31m( $13.811/43 * 57) . Just an estimation.
If 43% units in Waterwoods had been served with NVP in 4Q2015, then 57% in 1Q2016 will bring in $18.31m( $13.811/43 * 57) . Just an estimation.
(16-02-2016, 09:12 PM)Behappyalways Wrote: Revenue for the quarter arose mainly from the recognition of sales proceeds from those units in Waterwoods which had been served with Notice of Vacant Possession ("NVP") in 4Q2015. Such units accounted for about 43% of all sold units, the balance of which would be served with NVP when the units become ready for handing over to purchasers. Robin Residences also obtained Temporary Occupation Permit ("TOP") in 4Q2015 and as such, the balance 24% of contracted sales was recognised as revenue in the quarter.
FY2014
http://infopub.sgx.com/FileOpen/SHL_4Q20...eID=389654
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