MSM Malaysia Holdings Berhad Annual Report 2019

STATEMENTS OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 (Restated) (Restated) Continuing operations Revenue 6 2,006,911 2,214,376 145,392 71,391 Cost of sales (1,992,260) (2,016,022) - - Gross profit 14,651 198,354 145,392 71,391 Other operating income 7 1,843 1,401 16 9 Selling and distribution expenses (25,272) (19,762) - - Administrative expenses (73,561) (71,817) (22,777) (23,793) Impairment of investments in subsidiaries 20 - - (437,672) (391,134) Impairment of receivables/(reversal of impairment of receivables) 8 (4,583) (3,018) 32,282 (32,709) Impairment of assets 17,18,19 (138,784) (1,390) - - Other operating expenses (747) (44) (680) - Other gains/(losses) – net 9 4,999 (2,887) - - (Loss)/Profit from operations (221,454) 100,837 (283,439) (376,236) Finance income 10 4,032 4,057 - - Finance costs 10 (82,128) (38,508) (73,844) (43,722) (Loss)/Profit before zakat and taxation 11 (299,550) 66,386 (357,283) (419,958) Zakat 13 (14) (1,500) - - Taxation 14 11,074 (27,509) (1,373) (2,683) (Loss)/profit for the financial year from continuing operation (288,490) 37,377 (358,656) (422,641) MSM Malaysia Holdings Berhad | Annual Report 2019 116