FINANCIALS
ADDITIONAL INFORMATION US$
TEXTAINER GROUP HOLDINGS LIMITED AND SUBSIDIARIES
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER
2006
| |
2006 |
2005 |
| |
US$M |
US$M |
| REVENUES |
|
|
| LEASE RENTAL INCOME |
186,1 |
188,9 |
| MANAGEMENT FEES |
16,2 |
15,5 |
| TRADING CONTAINER SALES PROCEEDS |
14,1 |
16,0 |
| GAIN ON SALE OF CONTAINERS, NET |
9,6 |
10,5 |
| OTHER |
0,5 |
3,5 |
| TOTAL REVENUES |
226,5 |
234,4 |
| OPERATING EXPENSES |
|
|
| DIRECT CONTAINER EXPENSE |
30,2 |
26,2 |
| COST OF TRADING CONTAINERS SOLD |
11,5 |
12,9 |
| DEPRECIATION EXPENSE |
54,3 |
60,9 |
| AMORTISATION EXPENSE |
1,0 |
– |
| GENERAL AND ADMINISTRATIVE EXPENSE |
21,5 |
21,8 |
| TOTAL OPERATING EXPENSES |
118,5 |
121,8 |
| INCOME FROM OPERATIONS |
108,0 |
112,6 |
| OTHER (EXPENSE)/INCOME |
(28,3) |
(24,5) |
| INTEREST EXPENSE |
(33,1) |
(27,5) |
| INTEREST INCOME |
2,3 |
1,1 |
| REALISED AND UNREALISED GAINS ON DERIVATIVE INSTRUMENTS, NET |
2,3 |
4,5 |
| OTHER, NET |
0,2 |
(2,6) |
 |
| INCOME BEFORE INCOME TAX AND MINORITY INTEREST |
79,7 |
88,1 |
| INCOME TAX EXPENSE |
(4,3) |
(4,7) |
| MINORITY INTEREST EXPENSE |
(19,1) |
(21,6) |
| NET INCOME |
56,3 |
61,8 |
|
|
