STATEMENTS OFCOMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Company Note 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 (Restated) (Restated) Continuing operations Revenue 6 2,006,911 2,214,376 145,392 71,391 Cost of sales (1,992,260) (2,016,022) - - Gross profit 14,651 198,354 145,392 71,391 Other operating income 7 1,843 1,401 16 9 Selling and distribution expenses (25,272) (19,762) - - Administrative expenses (73,561) (71,817) (22,777) (23,793) Impairment of investments in subsidiaries 20 - - (437,672) (391,134) Impairment of receivables/(reversal of impairment of receivables) 8 (4,583) (3,018) 32,282 (32,709) Impairment of assets 17,18,19 (138,784) (1,390) - - Other operating expenses (747) (44) (680) - Other gains/(losses) – net 9 4,999 (2,887) - - (Loss)/Profit from operations (221,454) 100,837 (283,439) (376,236) Finance income 10 4,032 4,057 - - Finance costs 10 (82,128) (38,508) (73,844) (43,722) (Loss)/Profit before zakat and taxation 11 (299,550) 66,386 (357,283) (419,958) Zakat 13 (14) (1,500) - - Taxation 14 11,074 (27,509) (1,373) (2,683) (Loss)/profit for the financial year from continuing operation (288,490) 37,377 (358,656) (422,641) MSM Malaysia Holdings Berhad | Annual Report 2019 116
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