FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 265 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (b) Acquisition, dilution of interest and closure of subsidiaries during the financial year (continued) (i) The effects of the acquisition of Yapidmas is as follows: (continued) The effects of the acquisition of Yapidmas on the financial results of the Group during the financial year is shown below: RM'000 Revenue 155,599 Cost of sales (126,384) Gross profit 29,215 Other operating income 552 Selling and distribution costs (1,468) Administrative expenses (1,774) Finance costs (24) Profit before taxation 26,501 Taxation (7,528) Profit after taxation 18,973 The effect of the acquisition of Yapidmas on the financial results of the Group during the financial year had the acquisition taken effect at the beginning of the financial year is shown below: RM'000 Revenue 176,650 Cost of sales (145,012) Gross profit 31,638 Other operating income 661 Selling and distribution costs (1,691) Administrative expenses (2,448) Finance costs (75) Profit before taxation 28,085 Taxation (7,974) Profit after taxation 20,111