Dagang NeXchange Berhad Annual Report 2019

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 FINANCIAL STATEMENTS annual report 2019 105 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Revenue 21 290,486 293,452 6,078 11,542 Cost of sales (173,109) (154,033) - - Gross profit 117,377 139,419 6,078 11,542 Sales and marketing expenses (5,785) (4,871) - - Administrative expenses (7,556) (10,649) (1,048) (1,013) Net (loss)/gain on impairment of financial instruments and contract assets 22 (1,520) (1,596) 293 10,876 Other operating expenses (73,497) (83,314) (12,538) (15,647) Other operating income 23 4,547 8,217 15,691 14,778 Results from operating activities 33,566 47,206 8,476 20,536 Finance costs 24 (4,485) (3,128) (2,012) (519) Finance income 24 238 562 1,146 2,072 Share of profit of equity-accounted associates, net of tax 18,258 22,007 - - Profit before tax 25 47,577 66,647 7,610 22,089 Zakat (451) (405) - - Tax expense 26 (11,629) (14,350) (1,732) (3,061) Profit for the year 35,497 51,892 5,878 19,028 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 (25) 92 - - Share of other comprehensive income of equity-accounted associates (2,443) 3,867 - - (2,468) 3,959 - - Other comprehensive income for the year, net of tax (2,468) 3,225 - - Total comprehensive income for the year 33,029 55,117 5,878 19,028 Profit attributable to: Owners of the Company 30,037 35,345 5,878 19,028 Non-controlling interests 5,460 16,547 - - Profit for the year 35,497 51,892 5,878 19,028 Total comprehensive income attributable to: Owners of the Company 27,569 38,570 5,878 19,028 Non-controlling interests 5,460 16,547 - - Total comprehensive income for the year 33,029 55,117 5,878 19,028 Earnings per ordinary share (sen) 27 - Basic 1.71 2.01 - Diluted 1.70 1.99 The notes on pages 111 to 185 are an integral part of these financial statements.