Sasbadi Annual Report 2019

PAGE 141 ANNUAL REPORT 2019 FINANCIAL STATEMENTS (continued) 30. Significant changes in accounting policies (continued) 30.1 Impact on financial statements (continued) b. Statement of profit or loss and other comprehensive income As previously reported MFRS 15 adjustments As restated Group RM’000 RM’000 RM’000 For the year ended 31 August 2018 Revenue 87,841 (1,983) 85,858 Cost of sales (50,872) 2,002 (48,870) Gross profit 36,969 19 36,988 Others (29,770) - (29,770) Results from operating activities 7,199 19 7,218 Net finance costs (2,989) - (2,989) Profit before tax 4,210 19 4,229 Tax expense (2,169) (5) (2,174) Net profit for the year attributable to owners of the Company 2,041 14 2,055 Other comprehensive income for the year, net of tax 8,843 - 8,843 Total comprehensive income for the year attributable to owners of the Company 10,884 14 10,898 Group As previously reported As restated For the year ended 31 August 2018 Basic earnings per ordinary share (sen) 0.49 0.49 c. Statement of cash flows As previously reported MFRS 15 adjustments As restated Group RM’000 RM’000 RM’000 For the year ended 31 August 2018 Profit before tax 4,210 19 4,229 Adjustments for: Changes in contract costs - (28) (28) Changes in contract liabilities - 9 9 Changes in right to recover returned goods - 127 127 Changes in refund liabilities - (238) (238) Others (10,775) 111 (10,664) Net cash used in operating activities (6,565) - (6,565)