FGV Annual Integrated Report 2019

44 FGV HOLDINGS BERHAD MANAGEMENT DISCUSSION & ANALYSIS STATEMENTS AND ANALYSIS STATEMENTS OF VALUE ADDED In RM ’ 000 2019 2018 Revenue 13,259,012 13,464,480 Direct & Indirect costs (8,529,670) (9,174,482) FFB purchased from settlers (2,624,697) (2,838,442) Value added from Operations 2,104,645 1,451,556 Other operating income 100,391 121,472 Other gains 2,322 6,143 Share of results from Joint Ventures & Associates 13,233 (41,045) Finance income 25,085 33,969 Total Value Added 2,245,676 1,572,095 STATEMENTS OF VALUE DISTRIBUTED In RM ’ 000 2019 2018 Employees 1,617,610 1,626,887 Government (corporate taxation & zakat) 32,328 118,637 Providers of capital Finance costs 183,158 202,442 Non-controlling interests (124,982) (62,681) Depreciation & amortisation 783,736 767,733 Retained loss (246,174) (1,080,923) Total Value Distributed 2,245,676 1,572,095 OUTLOOK & PROSPECTS FOR FINANCIAL CAPITAL • The Group is continuing its efforts to deliver better results operationally and financially to create value for our shareholders. These include initiatives that will deliver sustained results for the benefit of all stakeholders. While the Group has made positive improvements operationally, the Board expects the business environment to remain challenging.