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1. What is the nature of business undertaken by the company?
OSIM is a Singapore-based international brand marketing business famous for its flagship luxury massage chairs that aims to be the world's leading healthy lifestyle product manufacturers. It has a wide product line that is diversified across four business themes: Health, Hygiene, Nutrition and Fitness. Its activities involve marketing, franchising and selling. OSIM is a public listed company listed in the Singaporean Stock Exchange.
What are the company's main types of revenues and expenses?
OSIM's main type of revenue is from its sale of goods which contributes a massive 98% of its total revenue (Consolidated Profit and Loss statement, page 92, note 23 on pg. 120). Other sources of revenue include other operating income and changes in inventories of finished goods which contributes about 2% of OSIM's revenue.
Their main types of expenses are from the purchase of finished goods which was almost 50% of their total expense. (Consolidated Profit and Loss statement, page 92). OSIM's other operating expense also contribute near to 40% of OSIM's total expense.
Source Revenue (2004) Percentage of Revenue
Turnover
Less elimination Retail $263,050,000 97.81 %
Distribution $194,951,000
Other operating income $5,138,000 1.51%
Changes in Inventories of finished goods $2,290,000 0.68 %
Table 1. Distribution of OSIM's revenue
Source (add in %) Expenses (2004) Percentage of Expe ...