MISC Annual Report 2017

165 Financial Statements INCOME STATEMENTS For the year ended 31 December 2017 Group Corporation Note 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Revenue 3 10,068,212 9,597,239 1,045,767 1,118,736 Cost of sales (6,766,495) (6,758,690) (648,454) (855,889) Gross profit 3,301,717 2,838,549 397,313 262,847 Other operating income 4 507,529 1,292,269 1,941,481 2,165,711 Impairment provisions 5(a) (687,493) (358,657) (359,564) (9,433) Net gain on disposal of ships 27,741 - - - Gain on acquisition of subsidiaries 15 - 903,682 - - Finance income 8(b) 96,489 50,276 186,228 179,185 General and administrative expenses (1,172,173) (1,952,308) (321,654) (496,975) Finance costs 8(a) (265,013) (247,900) (180,252) (105,243) Share of profit of associates 1,068 107 - - Share of profit of joint ventures 193,715 287,949 - - Profit before taxation 5 2,003,580 2,813,967 1,663,552 1,996,092 Taxation 9 (12,889) (20,691) - - Profit after taxation 1,990,691 2,793,276 1,663,552 1,996,092 Attributable to: Equity holders of the Corporation 1,981,509 2,581,550 1,663,552 1,996,092 Non-controlling interests 9,182 211,726 - - 1,990,691 2,793,276 1,663,552 1,996,092 Earnings per share attributable to equity holders of the Corporation (sen) Basic 10 44.4 57.8 Diluted 10 44.4 57.8 The accompanying accounting policies and explanatory notes form an integral part of the financial statements.