FGV Audited Financial Statements 2019

218 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 62 EFFECTS OF CHANGE IN ACCOUNTING POLICY (CONTINUED) The effects arising from these changes on the Group’s and Company’s statements of profit or loss, statements of financial position and statements of cash flows are set out below: Impact on change in accounting policy on statements of profit or loss Effects on current year Financial year ended 31 December 2019 Restatement of comparative figures Financial year ended 31 December 2018 Group (in RM’000) Previous policy Effects of MFRS 16 adoption As presented As previously stated Effects of MFRS 16 adoption Restated Administrative expenses (868,671) 7,117 (861,554) (939,363) 11,152 (928,211) Operating loss (201,105) 7,117 (193,988) (826,601) 11,152 (815,449) Finance costs (167,535) (15,623) (183,158) (189,274) (13,168) (202,442) Loss before zakat and taxation (330,322) (8,506) (338,828) (1,022,951) (2,016) (1,024,967) Taxation (28,828) 2,897 (25,931) (100,569) 535 (100,034) Loss for the financial year (365,547) (5,609) (371,156) (1,142,123) (1,481) (1,143,604) Loss attributable to: - Owners of the Company (240,929) (5,245) (246,174) (1,079,952) (971) (1,080,923) - Non-controlling interests (124,618) (364) (124,982) (62,171) (510) (62,681) (365,547) (5,609) (371,156) (1,142,123) (1,481) (1,143,604) Earning per share (“EPS”) attributable to owners of the Company: Basic and diluted EPS (sen) (6.61) (0.14) (6.75) (29.60) (0.03) (29.63) Company (in RM’000) Effects on current year Financial year ended 31 December 2019 Restatement of comparative figures Financial year ended 31 December 2018 Previous policy Effects of MFRS 16 As presented As previously stated Effects of MFRS 16 Restated Administrative expenses (49,280) 664 (48,616) (142,033) 1,783 (140,250) Operating profit 79,693 664 80,357 209,766 1,783 211,549 Finance costs (130,427) (1,819) (132,246) (93,653) (1,257) (94,910) (Loss)/profit before zakat and taxation (50,734) (1,155) (51,889) 116,113 526 116,639 Taxation (28,482) 277 (28,205) 27,841 (126) 27,715 (Loss)/profit for the financial year (79,216) (878) (80,094) 143,954 400 144,354