EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 49 Group Company 2019 2018 2019 2018 Note RM RM RM RM Revenue 24 22,963,144 22,939,010 21,666,643 21,814,047 Cost of sales 25 (8,273,969) (8,561,277) (7,505,366) (7,914,719) Gross profit 14,689,175 14,377,733 14,161,277 13,899,328 Other income 1,488,611 3,523,798 1,628,971 3,689,594 Administrative expenses (6,402,804) (6,792,301) (6,278,778) (6,703,499) Marketing expenses (29,855) (26,403) (29,815) (26,365) Net loss on impairment on financial instruments (36,887) (84,292) (36,923) (80,641) Other operating expenses (1,398,619) (3,063,628) (1,409,803) (3,060,895) Profit from operation 8,309,621 7,934,907 8,034,929 7,717,522 Finance costs 26 (19,511) - (19,511) - Profit before tax 27 8,290,110 7,934,907 8,015,418 7,717,522 Taxation 28 (1,818,660) (1,277,545) (1,818,659) (1,275,995) Profit for the financial year 6,471,450 6,657,362 6,196,759 6,441,527 statements of profit or loss and other comprehensive income for the financial year ended 31 december 2019