159 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) Note 2023 2022 2023 2022 RM '000 RM '000 RM '000 RM '000 Revenue 20 325,431 300,875 28,200 23,019 Cost of sales (182,502) (171,680) - - Gross profit 142,929 129,195 28,200 23,019 Other income 21 3,071 2,933 359 - Administrative and other expenses (105,624) (78,270) (13,174) (7,154) Selling and distribution expenses (7,757) (10,851) - - Operating profit 32,619 43,007 15,385 15,865 Finance income 22 933 7 1,436 181 Finance cost 22 (6,292) (4,173) (55) (1) Profit before tax 23 27,260 38,841 16,766 16,045 Tax expense 24 (9,886) (9,726) (499) - Profit for the financial year 17,374 29,115 16,267 16,045 Equity attributable to equity shareholders Other comprehensive income:- Items that will be reclassified subsequently to profit or loss Foreign currency translation 1,938 2,277 - - Other comprehensive income for the financial year, net of tax 1,938 2,277 - - Total comprehensive income for the financial year 19,312 31,392 16,267 16,045 Profit/(Loss) for the financial year attributable to:- Owners of the Company 17,631 26,652 16,267 16,045 Non-controlling interests (257) 2,463 - - 17,374 29,115 16,267 16,045 Total comprehensive income/(loss) attributable to:- Owners of the Company 19,942 28,479 16,267 16,045 Non-controlling interests (630) 2,913 - - 19,312 31,392 16,267 16,045 Earnings per ordinary share attributable to owners of the Company (sen per share) -Basic 26 2.41 20.76 -Diluted 26 2.41 20.76 INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 MST GOLF GROUP BERHAD (Incorporated in Malaysia) The accompanying notes form an integral part of the financial statements. STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE Company Group 21
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