Consolidated statements of comprehensive income (loss)

KBS Fashion Group Limited

Consolidated Statements of Comprehensive Income/ (Loss)

For the years ended December 31, 2017, 2016, 2015

(Stated in U.S. Dollars)

Year ended December 31,
Notes 2017 2016 2015
Revenue 8 23,762,536 41,200,205 61,343,681
Cost of sales 9 (35,274,352)
(39,041,932)
(46,511,274)
Gross (loss)/profit (11,511,816)
2,158,273 14,832,407
Other income 10 461,564 555,051 302,144
Other gains and (losses) 11 (122,243)
(11,123,767)
(3,877,832)
Distribution and selling expenses 12 (3,265,380)
(3,606,010)
(6,621,256)
Administrative expenses 13 (4,879,397)
(3,543,993)
(2,798,082)
(Loss)/profit from operations (19,317,272)
(15,560,446)
1,837,381
Finance costs 14 (96,385)
(71,783)
-
Change in fair value of warrant liabilities 32 - 3,409 11,978
(Loss)/profit before tax (19,413,657)
(15,628,820)
1,849,359
Income tax income/(expense) 15 4,598,061 3,726,133 (605,689)
(Loss)/profit for the year 16 (14,815,596)
(11,902,687)
1,243,670
Other comprehensive loss
-currency translation differences 4,810,715 (6,125,433)
(6,044,772)
Total comprehensive loss for the year (10,004,881)
(18,028,120)
(4,801,102)
(Loss)/earnings per share of common stock attributable to the Company
-Basic 19 (7.96)
(6.80)
0.73
-Diluted 19 (7.96)
(6.80)
0.73
Weighted average shares outstanding:
-Basic 19 1,860,831 1,750,142 1,694,489
-Diluted 19 1,860,831 1,750,142 1,694,489


The accompanying notes are an integral part of these consolidated financial statements.