| Financial Year Ended 31 December | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| No. of Months | 12 | 12 | 12 | 12 | 12 | |
| Audited | Audited | Audited | Restated | Restated | ||
| RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | ||
| Revenue | 56,232 | 45,324 | 54,782 | 53,931 | 61,006 | |
| Cost of sales | (42,788) | (36,908) | (41,797) | (41,294) | (43,157) | |
| Gross Profit | 13,445 | 8,416 | 12,985 | 12,637 | 17,849 | |
| Other income | 350 | 741 | 1,015 | 1,834 | 225 | |
| Selling and distribution expenses | (1,334) | (1,320) | (1,733) | (1,661) | (2,094) | |
| Administrative expenses | (4,101) | (4,390) | (4,448) | (4,064) | (5,229) | |
| Other expenses | (296) | (106) | (261) | (142) | (119) | |
| Finance income | - | - | - | - | 118 | |
| Finance costs | (604) | (473) | (278) | (340) | (308) | |
| Profit Before Taxation | 7,460 | 2,869 | 7,281 | 8,263 | 10,442 | |
| Tax expense | (1,971) | (699) | (1,515) | (1,762) | (2,373) | |
| Profit After Taxation | 5,488 | 2,170 | 5,766 | 6,502 | 8,069 | |
| Other Comprehensive Income: | ||||||
| Revaluation of land and buildings | 956 | 362 | - | 3,025 | - | |
| Tax effect on items that will not be reclassified subsequently to profit or loss | - | - | - | - | - | |
| Realisation of revaluation reserve upon depreciation of revalued assets | - | - | - | - | 166 | |
| Transfer of revaluation reserve to retained earnings | - | - | - | - | (166) | |
| Other comprehensive income | - | - | - | - | - | |
| Total Comprehensive Income For The Financial Period / Year | 6,444 | 2,532 | 5,766 | 9,527 | 8,069 | |
| Profit After Tax Attributable To: | ||||||
| Owners of the Company | 5,488 | 2,170 | 5,766 | 6,502 | 8,069 | |
| Non-controlling interests | - | - | - | - | - | |
| 5,488 | 2,170 | 5,766 | 6,502 | 8,069 | ||
| Total Comprehensive Income Attributable To: | ||||||
| Owners of the Company | 6,444 | 2,532 | 5,766 | 9,527 | 8,069 | |
| Non-controlling interests | - | - | - | - | - | |
| 6,444 | 2,532 | 5,766 | 9,527 | 8,069 | ||
| Earnings Per Share (sen) | ||||||
| Basic | 1.32 | 0.52 | 1.39 | 1.56 | 4.35 | |
| Diluted | 1.32 | 0.52 | 1.39 | 1.56 | 0.00 | |
Notes:
* During FYE 2018, the Group undertook a revaluation of its properties to determine its fair value for the Acquisition of Spring Art. Resulting from the revaluation, the Group recorded a revaluation gain of RM7.5 million (for Land 1 and Land 2) and a revaluation loss of RM1.5 million (for Land 3 and Investment Land).
(1) Calculated based on the Profit After Taxation (PAT) divided by the share capital of 318,000,000 Shares before the Group's IPO.
(2) Calculated based on the PAT divided by the enlarged share capital of 415,687,000 Shares after the Group's IPO.
# Please read this section in conjunction with Spring Art Holdings Berhad's Prospectus dated 16 October 2019.