EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 51 Group Company 2020 2019 2020 2019 Note RM RM RM RM Revenue 23 31,385,977 22,963,144 29,971,768 21,666,643 Cost of sales 24 (10,397,339) (8,273,969) (9,682,108) (7,505,366) Gross profit 20,988,638 14,689,175 20,289,660 14,161,277 Other income 1,082,644 1,488,611 1,196,915 1,628,971 Administrative expenses (6,581,536) (6,402,804) (6,347,878) (6,278,778) Marketing expenses (27,446) (29,855) (27,409) (29,815) Net loss on impairment on financial instruments 15,040 (36,887) 3,567 (36,923) Other operating expenses (1,293,189) (1,398,619) (1,290,843) (1,409,803) Profit from operations 14,184,151 8,309,621 13,824,012 8,034,929 Finance cost 25 (9,182) (19,511) (9,182) (19,511) Profit before tax 26 14,174,969 8,290,110 13,814,830 8,015,418 Taxation 27 (3,408,862) (1,818,660) (3,400,337) (1,818,659) Profit for the financial year 10,766,107 6,471,450 10,414,493 6,196,759 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

RkJQdWJsaXNoZXIy NDgzMzc=