Dagang NeXchange Berhad Annual Report 2018

Group Company Note 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Revenue 19 293,452 203,938 11,542 39,238 Cost of sales (154,033) (96,977) - - Gross profit 139,419 106,961 11,542 39,238 Sales and marketing expenses (4,871) (4,932) - - Administrative expenses (10,649) (7,533) (1,013) (862) Net (loss)/gain on impairment of financial instruments and contract assets 20 (1,596) (329) 10,876 - Other operating expenses (83,314) (57,365) (15,647) (14,322) Other operating income 21 8,217 7,070 14,778 14,922 Results from operating activities 47,206 43,872 20,536 38,976 Finance costs 22 (3,128) (694) (519) (253) Finance income 22 562 1,213 2,072 2,891 Share of profit of equity-accounted associates, net of tax 22,007 22,200 - - Profit before tax 23 66,647 66,591 22,089 41,614 Zakat (405) (500) - - Tax expense 24 (14,350) (10,900) (3,061) - Profit for the year 51,892 55,191 19,028 41,614 Other comprehensive income, net of tax Items that will not be reclassified subsequently to profit or loss Fair value changes of equity instruments (734) - - - (734) - - - Items that may be reclassified subsequently to profit or loss Foreign currency translation differences for foreign operations 92 (561) - - Share of other comprehensive income of equity-accounted associates 3,867 (16,916) - - 3,959 (17,477) - - Other comprehensive income for the year, net of tax 3,225 (17,477) - - Total comprehensive income for the year 55,117 37,714 19,028 41,614 Profit attributable to: Owners of the Company 35,345 56,599 19,028 41,614 Non-controlling interests 16,547 (1,408) - - Profit for the year 51,892 55,191 19,028 41,614 Total comprehensive income attributable to: Owners of the Company 38,570 39,122 19,028 41,614 Non-controlling interests 16,547 (1,408) - - Total comprehensive income for the year 55,117 37,714 19,028 41,614 Earnings per ordinary share (sen) 25 - Basic 2.01 3.24 - Diluted 1.99 3.20 99 Annual Report 2018 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2018 FINANCIAL STATEMENTS The notes on pages 105 to 181 are an integral part of these financial statements.