FGV Audited Financial Statements 2019

15 01 S E C T I O N AUDITED FINANCIAL STATEMENTS 2019 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Note Group Company 2019 RM’000 2018 RM’000 (Restated) 2019 RM’000 2018 RM’000 (Restated) Revenue 6 13,259,012 13,464,480 629,111 384,586 Cost of sales (12,049,310) (12,097,034) (106,759) (54,662) Gross profit 1,209,702 1,367,446 522,352 329,924 Other operating income 7 100,391 121,472 4,817 31,629 Selling and distribution costs (149,908) (161,336) - - Administrative expenses (861,554) (928,211) (48,616) (140,250) Impairment of financial assets (net) 8 (86,300) (153,160) (5,308) (7,504) (Impairment)/reversal of impairment of non-financials assets (net) 9 (168,262) (795,673) 739 (1,957) Other operating expenses 10 (3,558) (38,751) (393,627) (293) Other losses, net 11 (234,499) (227,236) - - Operating (loss)/profit (193,988) (815,449) 80,357 211,549 Finance income 12 25,085 33,969 - - Finance costs 12 (183,158) (202,442) (132,246) (94,910) Share of results from associates 25 (1,625) (11,721) - - Share of results from joint ventures 26 14,858 (29,324) - - (Loss)/profit before zakat and taxation (338,828) (1,024,967) (51,889) 116,639 Zakat 15 (6,397) (18,603) - - Taxation 16 (25,931) (100,034) (28,205) 27,715 (Loss)/profit for the financial year 13 (371,156) (1,143,604) (80,094) 144,354 (Loss)/profit attributable to: Owners of the Company (246,174) (1,080,923) (80,094) 144,354 Non-controlling interests (124,982) (62,681) - - (371,156) (1,143,604) (80,094) 144,354 Earnings per share (“EPS”) attributable to owners of the Company Basic and diluted EPS (sen) 18 (6.7) (29.6) - -