FGV Annual Report 2014

22 Investment in Subsidiaries (continued) (c) Incorporation and acquisitions of subsidiaries in previous financial year (continued) (i) The effects of the acquisition of PUP was as follows: (continued) The effects of the acquisition of PUP on the financial results of the Group in previous financial year is shown below: RM’000 Revenue 51,315 Cost of sales (32,847) Gross profit 18,468 Other operating income 6,192 Administrative expenses (4,797) Finance income 3,605 Share of results of associates (2) Profit before taxation 23,466 Taxation (5,609) Profit after taxation 17,857 The effects of the acquisition of PUP on the financial results of the Group in previous financial year had the acquisition taken effect at the beginning of the financial year is shown below: RM’000 Revenue 201,700 Cost of sales (142,262) Gross profit 59,438 Other operating income 9,577 Administrative expenses (31,588) Share of results of associates (8) Profit before taxation 37,419 Taxation (22,436) Profit after taxation 14,983 Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 257