GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 82 Group Company 2019 2018 2019 2018 Note RM RM RM RM Revenue 5 347,706,723 299,067,216 14,263,658 13,533,183 Cost of sales (197,232,139) (172,191,527) (2,897,441) (2,012,923) Gross profit 150,474,584 126,875,689 11,366,217 11,520,260 Other operating income 13,806,944 10,966,587 32,598,932 37,554,080 Administrative expenses (99,887,472) (80,603,012) (15,177,275) (13,543,686) Distribution expenses (10,449,047) (8,596,693) (1,038,345) (647,770) Other operating expenses (10,771,425) (12,440,005) (9,339,137) (22,744,204) Finance costs (2,909,481) (1,914,258) (12,801) (45,389) Share of loss of joint ventures and associate, net of tax 17(h) (554,516) (796,615) - - Profit before tax 6 39,709,587 33,491,693 18,397,591 12,093,291 Taxation 9 (12,690,984) (8,908,030) 211,055 (180,387) Profit for the financial year 27,018,603 24,583,663 18,608,646 11,912,904 Other comprehensive income Items that may be reclassified subsequently to profit or loss Remeasurement of defined benefit liability, net of tax 9(d) 59,496 - - - Foreign currency translations 1,751,543 2,470,283 - - Reclassification adjustment relating to a subsidiary disposed of during the year 16(e) (12,373) (6,553) - - Total other comprehensive income, net of tax 1,798,666 2,463,730 - - Total comprehensive income 28,817,269 27,047,393 18,608,646 11,912,904 Profit attributable to: Owners of the parent 28,724,053 24,542,974 18,608,646 11,912,904 Non-controlling interests (1,705,450) 40,689 - - 27,018,603 24,583,663 18,608,646 11,912,904 Total comprehensive income attributable to: Owners of the parent 30,499,638 27,006,704 18,608,646 11,912,904 Non-controlling interests (1,682,369) 40,689 - - 28,817,269 27,047,393 18,608,646 11,912,904 Earnings per ordinary share attributable to equity holders of the Company (sen): Basic 10 3.87 3.49 Diluted 10 3.86 3.47 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 The accompanying notes form an integral part of the financial statements.