2019 UEM Edgenta Annual Report

142 143 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION UEM Edgenta Berhad Annual Report 2019 Income Statements For the year ended 31 December 2019 Group Company Note 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Revenue 3 2,411,195 2,182,604 300,660 241,075 Cost of sales 4 (1,944,388) (1,772,737) - - Gross profit 466,807 409,867 300,660 241,075 Other income 5 66,435 49,825 18,245 18,294 Administrative expenses (233,631) (202,047) (95,233) (71,533) Selling and marketing expenses (120) (945) - - Other expenses (48,090) (46,315) (100,853) (133,166) Operating profit 251,401 210,385 122,819 54,670 Finance costs 6 (27,954) (28,433) (19,677) (17,721) Share of profit of associates 21,502 16,519 - - Profit before tax 7 244,949 198,471 103,142 36,949 Zakat (3,065) (2,850) - - Income tax (expense)/benefit 10 (53,844) (43,260) 218 - Profit after tax 188,040 152,361 103,360 36,949 Profit attributable to: Owners of the parent 181,782 148,430 103,360 36,949 Non-controlling interests 6,258 3,931 - - 188,040 152,361 103,360 36,949 Earnings per share attributable to owners of the parent (sen) 11 21.9 17.8 The accompanying accounting policies and explanatory information form an integral part of the financial statements. Statements of Comprehensive Income For the year ended 31 December 2019 Group Company Note 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Profit after tax 188,040 152,361 103,360 36,949 Other comprehensive income/(loss) Other comprehensive income/(loss) to be reclassified to profit or loss in subsequent periods: Exchange differences on translation of foreign operations 1,421 (430) - - Other comprehensive income/(loss) not to be reclassified to profit or loss in subsequent periods: Remeasurement loss on Retirement Benefit Scheme 26 - (253) - - Remeasurement (loss)/gain on Defined Benefit Pension Scheme 27 (64) 104 - - Tax impact on remeasurement loss 10 - 61 - - (64) (88) - - Other comprehensive income/(loss) for the year 1,357 (518) - - Total comprehensive income for the year 189,397 151,843 103,360 36,949 Total comprehensive income attributable to: Owners of the parent 183,175 147,882 103,360 36,949 Non-controlling interests 6,222 3,961 - - 189,397 151,843 103,360 36,949 The accompanying accounting policies and explanatory information form an integral part of the financial statements.