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Company Registration No.: 198001299R L
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28 Defu Lane 4 | Singapore 539424  R R
T: +65 6282 9882  EE
F: +65 6287 7328 PP
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E: [email protected]
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www.kodaonline.com TT
CORPORATE
INFORMATION
VISION
BOARD OF DIRECTORS
KOH TENG KWEE  Non-Executive Chairman
JAMES KOH JYH GANG  Deputy Chairman / Managing Director
To be a reputable, profitable  
ERNIE KOH JYH ENG  Executive Director, Sales & Marketing
and significant global
KOH SHWU LEE  Executive Director, Finance & Administration
original manufacturer of furniture. CHAN WAH TIONG  Lead Independent Director
SIM CHENG HUAT  Independent Director
TAN CHOON SENG  Independent Director
YING SIEW HON, FRANCIS  Independent Director
COMPANY SECRETARY REGISTERED OFFICE & 
GN JONG YUH GWENDOLYN  PRINCIPAL PLACE OF BUSINESS
Date of Appointment  28 Defu Lane 4 Singapore 539424
1 November 2013
MISSION
PRINCIPAL BANKERS
SHARE REGISTRAR UNITED OVERSEAS BANK LIMITED 
We must be the most effective   BOARDROOM CORPORATE 80 Raffles Place
value-for-money manufacturer. & ADVISORY SERVICES PTE. LTD  UOB Plaza 1
Singapore 048624
50 Raffles Place #32-01 
We must remain design-relevant. Singapore Land Tower HONGKONG AND SHANGHAI
Singapore 048623
We must invest in research & development. BANKING CORPORATION 
21 Collyer Quay #08-01 
We must ensure that our products remain  AUDITORS HSBC Building
affordable and accessible. DELOITTE & TOUCHE LLP  Singapore 049320
Public Accountants and  MALAYAN BANKING BERHAD 
We must ensure we have the right people 
Chartered Accountants
136 & 137, Jalan Senai Utama 5/17,
with the right skills. 6 Shenton Way #33-00
Taman Senai Utama,
OUE Downtown 2
We must deliver to our shareholders value  81400 Senai, Johor
Singapore 068809
and investment comfort.
AUDIT PARTNER
HOE CHI-HSIEN 
Date of Appointment
28 October 2014
CONTACT KEY MANAGEMENT AT:
JAMES KOH JYH GANG KOH SHWU LEE
Deputy Chairman/Managing Director Executive Director, Finance & Administration
[email protected] [email protected]
ERNIE KOH JYH ENG LIM SWEE HUA DAVID
Executive Director, Sales & Marketing Chief Financial Officer
[email protected] [email protected]
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KODA LTD AR
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TABLE OF
CONTENTS
Our Vision and Mission IFC
About Koda 5
Chairman’s Statement 6
Results At A Glance 7
Managing Director’s Statement 10
Group Structure 15
Board of Directors 16
Management Profile 21
Group Presence 23
Financial Contents 24
SOLIDIFYING
OUR GOALS
MODERNIZING
OUR ASSETS
KODA is quickly becoming well-known as a style 
leader. We have new products online and across 
the retail floors, that showcases the talents of our 
design and development team. New digital assets 
as well as new printed materials will allow us to 
communicate our message more clearly than ever, 
not only to our trade customer, but also to the end 
consumer, driving her to preferred distribution. We 
are building the strongest marketing and branding 
platform in our company’s history.
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ABOUT
KODA
From our humble beginnings in 1972,  with  its  patience  of  not  seeing  R&D 
Koda has turned into a leading Original  micro-management a fuss and design 
Design Manufacturer of furniture. Led by  trifles a bother – we are just as exacting 
a management team with a combined  about every single detail of our designs. 
experience  of  more  than  100  years,  While exuding design sophistication and 
Koda has made significant investments  elegance, we have also been instilling 
in Vietnam, Malaysia and China. Koda  a  sense  of  responsibility  to  balance 
has  been  recognised  by  Forbes  Asia  aesthetics  with  the  environment  by 
under the category of ‘Best Under A  infusing ‘GREEN’ in the materials we use; 
Billion Company’ in 2006 and profiled  in the process we engage; and in the 
by CSIL Milano in its Top World Furniture  products we develop.
Manufacturers Report 2006 as one of the 
top 200 major furniture manufacturers  Koda’s designs are intensive and our 
worldwide. product range is extensive – whether in 
occasional pieces or collection themes – 
Luxury defined, Koda distinguishes itself  we design and produce furniture for the 
by  its  aesthetically  pleasing  design  dining room, living room and bedroom 
mastery, technically feasible concepts  furniture.
and practically oriented craftsmanship
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CHAIRMAN’S
STATEMENT
Dear Stakeholders,
I am really happy to report our good  –  We  visited  important  overseas  In June 2017, we first gave out 1 bonus 
results  this  year.  Our  board  and  customers and we talked to them  share for every 2 shares you owned 
management are very involved in the  very often. and after announcing the recent good 
business.  They  have  good  business  results for 2017, my board proposed to 
I  like  the Commune  concept.  It  is  a 
plans. They can turn good ideas into  give out another 1 bonus share for every 
business  and  a  furniture  idea  which 
actions. They are hardworking. 1 share you own.
my grandsons have put in a lot of effort 
It has not been easy for the team to  over the last few years. I am so happy to  The cash dividends and bonus shares 
achieve higher sales and higher profits  see this brand growing fast, finding new  are  meant  to  reward  supportive 
when the markets are so uncertain and I  markets and getting good feedback. Of  shareholders.
want to update you here on some of the  course, the older Koh family members 
Thank you very much. Many thanks for 
decisions we have made to improve our  (including me) have given the younger 
your continual support.
operational flows and financial results: generation some good guidance and I 
will continue to support the expansion 
–  We built additional distribution hubs 
of Commune.
so  that  our  logistic  management 
can be more efficient; This year, we proposed to pay higher  Koh Teng Kwee
dividends to shareholders. Altogether, 
Non-Executive Chairman
–  We sold some properties in Vietnam 
we will pay out a total cash dividend of 
and  combined  all  factories  there 
about S$1.4 million in 2017 if you approve 
into one main location;
the latest dividends which we have just 
–  We invested in new machines and  declared in this coming AGM.
equipment for higher productivity;
–  We expanded Commune’s business 
well in China; and
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RESULTS
AT A GLANCE
CONSOLIDATED STATEMENT OF PROFIT OR 
LOSS AND OTHER COMPREHENSIVE INCOME
Year ended June 30
2017 2016  Change  
US$’000 US$’000 % REVENUE
REVENUE 49,491 37,110 33.4 Rose by US$12.4 million – due mainly to
(i)  higher export sales to our key markets
Cost of sales (33,571) (26,835) 25.1
(ii)  higher sales recorded by Commune
GROSS PROFIT 15,920 10,275 54.9 GROSS PROFIT
Other income 772 1,657 (53.4) Rose by US$5.6 million propelled by higher revenues. 
Distribution costs (4,096) (3,278) 25.0 Gross margin rose to 32.2% in FY2017 compared to 27.7% in 
FY2016 as a result of
Administrative expenses (7,215) (5,770) 25.0
(i)  improved factories and supply-chain efficiencies
Other expenses (385) (472) (18.4) (ii)  higher revenue and margin contribution from Commune
Share of results of associate (1) 1 NM
Finance costs (33) (59) (44.1) OTHER INCOME
Fell by US$0.89 million in the absence of gains on disposal 
of our investment in Rossano
PROFIT BEFORE INCOME TAX 4,962 2,354 110.8
Income tax expense (912) (771) 18.3
DISTRIBUTION COSTS
PROFIT FOR THE YEAR 4,050 1,583 155.8
Rose by US$0.09 million – due mainly to
(i)  higher showroom rental costs in Singapore
OTHER COMPREHENSIVE INCOME:
(ii)  higher logistics costs for increased shipments 
Gain on revaluation of  in Vietnam and China
properties, net of  
deferred tax liability 2,329 46 4,963.0
ADMINISTRATIVE EXPENSES
Translation differences from 
Rose by US$1.4  million – due mainly to higher staff costs
consolidation of foreign 
operations (635) (470) (35.1)
Other comprehensive   OTHER EXPENSES
income (loss) for the year 1,694 (424) 499.5 Fell by US$0.09 million in the absence of impairment losses
Total comprehensive income  
for the year 5,744 1,159 395.6 FINANCE COSTS
Fell by US$0.03 million – due to lower borrowings
NM: Not meaningful
PROFIT ATTRIBUTABLE TO OWNERS OF 
THE COMPANY
As a result of the above, our Net Profit rose to US$4.1 million 
in FY2017 compared to US$1.6 million in FY2016
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RESULTS
AT A GLANCE
CONSOLIDATED STATEMENT OF 
FINANCIAL POSITION
As at June 30
CURRENT ASSETS
CASH AND BANK BALANCES
Group We had US$8.4 million cash as at 30 June 2017. Cash balance 
2017 2016 increased – due mainly to
ASSETS US$’000 US$’000 (i)  cash received from the disposal of investment property 
in Vietnam
CURRENT ASSETS (ii)  positive operating cash flows
Cash and bank balances 8,352 4,607
Trade receivables 4,294 3,528 TRADE RECEIVABLES
Rose  by  US$0.8  million  to  US$4.3  million  with  trade 
Other receivables 2,780 2,573
receivables turnaround time improved to 32 days in FY2017 
Inventories 6,727 6,883 from 35 days in FY2016
22,153 17,591
Assets classified as held for sale – 2,448 OTHER RECEIVABLES
Including non-current portion, rose by US$0.8 million – due 
TOTAL CURRENT ASSETS 22,153 20,039 mainly to the deposit placed for the purchase of land and 
buildings in Vietnam
NON-CURRENT ASSETS
INVENTORIES
Investment in an associate 3 11
Fell by US$0.2 million – due mainly to improved supply chain 
Club memberships 207 208 efficiencies resulting in lower raw materials and work-in-
progress stocks
Property, plant and equipment 15,028 12,085
Other receivables 548 –
ASSETS CLASSIFIED AS HELD FOR SALE
Deferred tax assets 32 24
Fell  by  US$2.5  million  as  the  disposal  of  investment 
TOTAL NON-CURRENT ASSETS 15,818 12,328 properties in Vietnam was completed during the year
TOTAL ASSETS 37,971 32,367
NON-CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT
Rose by US$2.9 million – due mainly to
(i)  valuation increase of buildings in Vietnam
(ii)  additions of property, plant & equipment
Description:and significant global  communicate our message more clearly than ever, .. designated as the Chief Executive Officer .. He sat on the boards of.