MSM Malaysia Holdings Berhad Annual Report 2020

15 EARNINGS/(LOSS) PER SHARE Group 2020 2019 RM’000 RM’000 Continuing operations Profit/(Loss) for the financial year attributable to owners of the Company 3,863 (288,490) Weighted average number of ordinary shares in issue (‘000) 702,980 702,980 Basic and diluted earnings/(loss) per share (sen) 0.55 (41.04) Discontinuing operations Loss for the financial year attributable to owners of the Company (75,091) (11,279) Weighted average number of ordinary shares in issue (‘000) 702,980 702,980 Basic and diluted loss per share (sen) (10.68) (1.60) There is no diluted earnings per share as there is no potential dilutive ordinary shares in issue. 16 LOSS FROM DISCONTINUING OPERATION (i) In the previous financial year, after analysing the market outlook, competitive intensity and the attractiveness of the industry, the Group had strategically decided to exit its non-core business, i.e. the rubber, oil palm and mango plantation. The Group therefore presents and discloses in its financial statements the financial effects of the non-core business in accordance to MFRS 5 ‘Non-Current Assets Held for Sale and Discontinued Operations’. (ii) Analysis of the profit and loss of discontinuing operation is as follows: 2020 2019 RM’000 RM’000 Revenue - 884 Cost of sales - (3,303) Gross loss - (2,419) Other operating income 619 109 Administrative expenses (555) (1,113) Other operating expenses (75,155) (15,701) Loss before taxation (75,091) (19,124) Taxation – deferred tax (Note 32) - 7,845 Loss from discontinuing operation (75,091) (11,279) MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 183 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING