Sasbadi Annual Report 2020

SASBADI HOLDINGS BERHAD 56 FINANCIAL STATEMENTS (continued) Statements of profit or loss and other comprehensive income for the year ended 31 August 2020 Group Company Note 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Revenue 20 62,814 87,727 840 960 Cost of sales (46,553) (51,373) - - Gross profit 16,261 36,354 840 960 Other operating income 1,450 460 - - Distribution expenses (7,536) (9,088) - - Administrative expenses (12,562) (14,443) (296) (480) Net loss on impairment of financial instruments (1,544) (482) - - Other operating expenses (3,116) (3,069) (511) (307) Results from operating activities (7,047) 9,732 33 173 Finance income 22 26 1 1 Finance costs 21 (2,279) (2,882) - - (Loss)/Profit before tax 22 (9,304) 6,876 34 174 Taxation 23 352 (3,612) - - Net (loss)/profit for the year attributable to owners of the Company (8,952) 3,264 34 174 Other comprehensive (loss)/income for the year, net of tax: Items that will not be reclassified subsequently to profit or loss Reversal of revaluation gain on property, plant and equipment (310) - - - Net changes in fair value of equity investments designated at fair value through other comprehensive income (38) 19 - - (348) 19 - - Total comprehensive (loss)/income for the year attributable to owners of the Company (9,300) 3,283 34 174 Earnings per ordinary share (sen) 24 - Basic (2.14) 0.78 - Diluted (2.14) - The notes on pages 63 to 140 are an integral part of these financial statements.