MSM Malaysia Holdings Berhad Annual Report 2020

STATEMENTS OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Continuing operations Revenue 6 2,184,463 2,006,911 127,085 145,392 Cost of sales (2,016,920) (1,992,260) - - Gross profit 167,543 14,651 127,085 145,392 Other operating income 7 1,566 1,843 117 16 Selling and distribution expenses (26,101) (25,272) - - Administrative expenses (62,374) (73,561) (21,584) (22,777) Impairment of investments in subsidiaries 20 - - (27,362) (437,672) (Impairment of receivables)/reversal of impairment of receivables 8 (6,565) (4,583) 419 32,282 Reversal of impairment/(impairment) of assets 17,18,19 11,775 (138,784) - - Other operating expenses (14,232) (747) - (680) Other (losses)/gains – net 9 (2,816) 4,999 - - Profit/(Loss) from operations 68,796 (221,454) 78,675 (283,439) Finance income 10 3,835 4,032 - - Finance costs 10 (36,784) (82,128) (28,909) (73,844) Profit/(Loss) before zakat and taxation 11 35,847 (299,550) 49,766 (357,283) Zakat 13 (1,486) (14) - - Taxation 14 (30,498) 11,074 (2,448) (1,373) Profit/(Loss) for the financial year from continuing operation 3,863 (288,490) 47,318 (358,656) Discontinuing operation Loss from discontinuing operation, net of tax 16 (75,091) (11,279) - - (Loss)/profit for the financial year (71,228) (299,769) 47,318 (358,656) Other comprehensive (loss)/income: Items that may be subsequently reclassified to profit or loss Currency translation difference (536) (145) - - Cash flow hedges (4,241) (5,529) (4,241) (5,529) (4,777) (5,674) (4,241) (5,529) Total comprehensive (loss)/income for the financial year (76,005) (305,443) 43,077 (364,185) MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 133 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING