EXCEL FORCE MSC BERHAD 51 Group Company 2021 2020 2021 2020 Note RM RM RM RM Revenue 22 37,312,442 31,385,977 35,719,443 29,971,768 Cost of sales 23 (11,585,187) (10,397,339) (10,450,937) (9,682,108) Gross profit 25,727,255 20,988,638 25,268,506 20,289,660 Other income 255,050 1,082,644 793,759 1,196,915 Administrative expenses (7,575,304) (6,581,536) (7,513,970) (6,347,878) Marketing expenses (74,703) (27,446) (13,681) (27,409) Net gain on impairment on financial instruments 109,416 15,040 108,573 3,567 Other operating expenses (1,526,310) (1,293,189) (1,465,297) (1,290,843) Profit from operations 16,915,404 14,184,151 17,177,890 13,824,012 Finance cost 24 (29,875) (9,182) (29,875) (9,182) Profit before tax 25 16,885,529 14,174,969 17,148,015 13,814,830 Taxation 26 (4,705,774) (3,408,862) (4,680,960) (3,400,337) Profit for the financial year 12,179,755 10,766,107 12,467,055 10,414,493 Other comprehensive income/(loss) for the financial year Items that will not be reclassified subsequently to profit or loss Net change in fair value of equity instruments designated at fair value through other comprehensive income 5,021,480 (661,650) 5,021,480 (661,650) Total comprehensive income for the financial year 17,201,235 10,104,457 17,488,535 9,752,843 Profit for the financial year attributable to: Owners of the parent 12,179,755 10,766,107 12,467,055 10,414,493 Total comprehensive income for the financial year attributable to: Owners of the parent 17,201,235 10,104,457 17,488,535 9,752,843 Earnings per share Basic earnings per share (sen) 28(a) 2.18 1.91 Diluted earnings per share (sen) 28(b) 2.18 1.91 Statements of Profit or Loss and Other Comprehensive Income For the Financial Year Ended 31 December 2021 The accompanying notes form an integral part of the financial statements.
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