PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 76 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 (Restated) Continuing operations Revenue 29 132,045 84,125 - - Cost of sales (97,591) (63,404) - - Gross profit 34,454 20,721 - - Other income 3,449 2,990 13,174 4,904 Distribution costs (12,185) (2,435) - - Administrative expenses (86,555) (32,633) (15,555) (6,512) Other expenses (1,456) (99) (721) - Interest income 479 654 2,672 2,670 Finance costs (3,472) (820) (1,602) (91) Share of losses of associates, net of tax 11 (1,778) (1,169) - - Share of profit of joint ventures, net of tax 12 245 160 - - (Loss)/Profit before tax from continuing operations 30 (66,819) (12,631) (2,032) 971 Tax expense 31 (2,120) (1,274) - (9) (Loss)/Profit for the financial year from continuing operations (68,939) (13,905) (2,032) 962 Discontinued operations (Loss)/Profit for the financial year from discontinued operations, net of tax 26 (4,508) 5,825 - - (Loss)/Profit for the financial year (73,447) (8,080) (2,032) 962 Other comprehensive (loss)/income, net of tax Continuing operations Items that may be reclassified subsequently to profit or loss: Foreign currency translations (2,059) 462 - - Share of other comprehensive loss of associates 11 (49) (32) - - Share of other comprehensive loss of a joint venture 12 (21) (4) - - (2,129) 426 - - Items that will not be reclassified subsequently to profit or loss: Fair value loss on equity investments at fair value through other comprehensive income (21,875) - (21,875) - STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019