DESTINI Annual Report 2019

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Company 2019 2018 2019 2018 Note RM RM RM RM (Restated) Revenue 32 297,736,809 418,047,562 2,825,000 11,313,050 Cost of sales (280,845,391) (302,558,071) - - Gross profit 16,891,418 115,489,491 2,825,000 11,313,050 Other income 4,553,685 4,527,815 692,492 3,494,276 Administrative expenses (97,391,270) (104,692,682) (14,347,353) (16,683,343) Net impairment losses on receivables (58,174,680) (1,647,491) (16,968,990) - Net impairment losses on intangible assets, property, plant and equipment and other assets (93,690,627) - (700,006) - Finance costs 33 (23,247,966) (3,330,608) (448,075) (3,161,529) Share of results of associate and joint ventures (184,740) (612,030) - - (Loss)/Profit before tax 34 (251,244,180) 9,734,495 (28,946,932) (5,037,546) Taxation 35 1,708,858 (7,408,929) (539,891) (801,186) (Loss)/Profit for the financial year (249,535,322) 2,325,566 (29,486,823) (5,838,732) Other comprehensive (loss)/income Items that are or may be reclassified subsequently to profit or loss Exchange translation differences for foreign operations (6,792,502) 218,584 - - Other comprehensive (loss)/income for the financial year (6,792,502) 218,584 - - Total comprehensive (loss)/income for the financial year (256,327,824) 2,544,150 (29,486,823) (5,838,732) (Loss)/Profit for the financial year attributable to: Owners of the parent (247,822,866) 1,774,613 (29,486,823) (5,838,732) Non-controlling interests (1,712,456) 550,953 - - (249,535,322) 2,325,566 (29,486,823) (5,838,732) Total comprehensive (loss)/income for the financial year attributable to: Owners of the parent (254,632,342) 1,976,223 (29,486,823) (5,838,732) Non-controlling interests (1,695,482) 567,927 - - (256,327,824) 2,544,150 (29,486,823) (5,838,732) (Loss)/Earnings per share Basic (Loss)/Earnings per share (sen) 36 (21.45) 0.15 Diluted (Loss)/Earnings per share (sen) 36 (21.45) 0.15 The accompanying notes form an integral part of the financial statements. STATEMENTS OF PROFITOR LOSS AND OTHER COMPREHENSIVE INCOME 06 FINANCIAL STATEMENTS DESTINI BERHAD 098