My EG Services Berhad Annual Report 2020

ANNUAL REPORT 2020 133 FINANCIAL STATEMENTS The Group The Company 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 Note RM’000 RM’000 RM’000 RM’000 REVENUE 35 530,463 593,578 308,735 310,829 COST OF SALES (166,757) (161,477) (8,087) (11,012) GROSS PROFIT 363,706 432,101 300,648 299,817 OTHER INCOME 2,261 15,327 17,210 27,082 365,967 447,428 317,858 326,899 ADMINISTRATIVE EXPENSES (55,528) (92,919) (18,387) (33,715) OTHER EXPENSES (31,379) (35,247) (16,107) (16,776) FINANCE COSTS (8,063) (8,762) (6,765) (8,054) NET IMPAIRMENT (LOSSES)/GAINS ON FINANCIAL ASSETS 36 (403) (1,016) 195 - SHARE OF NET LOSS ON EQUITY ACCOUNTED ASSOCIATES (937) (1,147) - - SHARE OF NET LOSS ON EQUITY ACCOUNTED JOINT VENTURES (699) (1,398) - - PROFIT BEFORE TAXATION 37 268,958 306,939 276,794 268,354 INCOME TAX EXPENSE 38 (1,764) (4,783) (164) (2,469) PROFIT AFTER TAXATION CARRIED FORWARD 267,194 302,156 276,630 265,885 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For The Financial Year Ended 31 December 2020 The annexed notes form an intergral part of these financial statements.