200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) The financial statements of the Company have been prepared under the historical cost convention and comply with the provisions of the Companies Act, 1965 tax expense for the year is based o the profit for the year, as adjusted for tax purposes, together with a charge or credit for deferred taxation. Inventories are stated at the lower of cost and net realisable value. Fre hold land is not depr ciat d. De reciation of other property, plant and equipmen is provided for on a straight line basis to write off the c st of each asset Upo th disposal of an item of property, plant or equipment, the diff rence between the et isposal proceeds and the net ca rying amount s charged or Transactions in foreign currencies are initially converted into Ringgit Malaysia at rates f excha ge uling at the ransaction dates. A each balanc sheet dat , principal ac ivities of the Com ny re t ca ry on the b siness of manufact rs, wholesal s, traders, distr butor , import s and xporters of all 36. Segment information (cont'd) Manufacturing, trading, and quarry Investment Property Construction services holding development Eliminations Consolidation At 31 December 2020 RM RM RM RM RM RM Revenue: External customers 623,797,432 168,598,027 8,029 2,305,568 - 794,709,056 Inter-segment 2,058,046 81,661,161 17,958,320 - (101,677,527) - Total revenue 625,855,478 250,259,188 17,966,349 2,305,568 (101,677,527) 794,709,056 Results: Segment results 41,945,577 31,762,069 17,966,349 487,436 (17,625,194) 74,536,237 Other operating income 7,961,949 Administration expenses (47,891,391) Finance costs (18,455,871) Share of loss of joint ventures (626,562) Profit before tax 15,524,362 Income tax expense (7,580,357) Profit net of tax 7,944,005 Other Information Interest income (4,439,955) (268,645) - (17,533) 1,281,436 (3,444,697) Finance costs 12,147,217 3,125,890 - 4,586,824 (1,404,060) 18,455,871 Depreciation of property, plant and equipment 26,594,411 13,257,651 - 20,430 17,096 39,889,588 Depreciation of right-of-use assets 1,633,318 1,834,429 - - - 3,467,747 - 104 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 164
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