Chemical Company of Malaysia Berhad Annual Report 2019

| STATEMENTS OF PROFIT OR LOSS AND | OTHER COMPREHENSIVE INCOME for the Year Ended 31 December 2019 Amounts in RM’000 unless otherwise stated  Group  Company Note 2019 2018 2019 2018 Revenue 18 385,220 395,939 19,161 23,342 Cost of sales (311,544) (292,564) (60) (645) Gross profit 73,676 103,375 19,101 22,697 Other income 4,129 11,781 2,055 12,850 Distribution expenses (11,066) (11,405) - - Administrative expenses (34,337) (40,177) (12,063) (11,031) Net (loss on impairment)/gain on reversal  of impairment of financial instruments (1,512) 3,429 1,818 4,455 Other expenses (3,522) (1,817) (2,951) (7,322) Results from operating activities 27,368 65,186 7,960 21,649 Finance income 3,989 5,991 1,046 3,669 Finance costs 19 (6,710) (21,071) (6,874) (17,803) Net finance costs (2,721) (15,080) (5,828) (14,134) Share of profit of equity-accounted  associate, net of tax 1,716 1,510 - - Profit before tax 26,363 51,616 2,132 7,515 Tax (expense)/income 20 (10,291) (20,872) 5,044 (4,534) Profit for the year 21 16,072 30,744 7,176 2,981 Other comprehensive income, net of tax Item that is or may be reclassified  subsequently to profit or loss Foreign currency translation differences for  foreign operations 1,943 1,367 - - 1,943 1,367 - - 118 CHEMICAL COMPANY OF MALAYSIA BERHAD