Tropicana Corporation Berhad Annual Report 2017

SEC 1 • SEC 2 • SEC 3 • SEC 4 • SEC 5 > SEC 6 < SEC 1 • SEC 2 • SEC 3 • SEC 4 • SEC 5 > SEC 6 < FINANCIAL STATEMENTS FINANCIAL STATEMENTS 90 91 TROPICANA CORPORATION BERHAD / Annual Report 2017 TROPICANA CORPORATION BERHAD / Annual Report 2017 STATEMENTS OF COMPREHENSIVE INCOME For the financial year ended 31 December 2017 Note Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Revenue 4 1,908,768 1,459,405 641,996 180,001 Cost of sales 5 (1,395,826) (1,074,869) (14,436) - Gross profit 512,942 384,536 627,560 180,001 Other income 6 63,497 46,720 156,428 - Administrative expenses (260,723) (255,125) (13,410) (21,031) Other expenses (13,632) (31,481) (186,890) (83,467) Operating profit 302,084 144,650 583,688 75,503 Finance income 7 20,631 22,180 37,983 41,376 Finance costs 8 (62,478) (40,447) (45,136) (38,169) Share of results of joint ventures 29,651 43,854 - - Share of results of an associate (1,121) (2,184) - - Profit before tax 9 288,767 168,053 576,535 78,710 Income tax expense 12 (91,778) (53,052) (1,978) (2,025) Profit for the financial year 196,989 115,001 574,557 76,685 Other comprehensive (loss)/income to be reclassified to profit and loss in subsequent period Foreign currency translation (35) 154 - - Total comprehensive income 196,954 115,155 574,557 76,685 Profit attributable to: Owners of the Parent 187,476 112,537 Non-controlling interests 9,513 2,464 196,989 115,001 Total comprehensive income attributable to: Owners of the Parent 187,441 112,520 Non-controlling interests 9,513 2,635 196,954 115,155 Earnings per share attributable to owners of the Parent (sen per share) - Basic 13 12.89 7.87 - Diluted 13 12.89 7.84 The accompanying accounting policies and explanatory information form an integral part of the financial statements. STATEMENTS OF FINANCIAL POSITION - GROUP As at 31 December 2017 Note 2017 RM’000 2016 RM’000 Assets Non-current assets Property, plant and equipment 15 820,193 741,864 Land held for property development 16(a) 2,035,390 2,236,335 Investment properties 17 560,099 447,519 Investment in an associate 19 37,023 38,144 Investments in joint ventures 20 426,577 396,926 Other investments 21 312 312 Intangible assets 22 1,475 1,475 Deferred tax assets 30 52,783 26,468 Trade and other receivables 24 27,941 39,138 3,961,793 3,928,181 Current assets Property development costs 16(b) 1,537,428 1,593,795 Inventories 23 31,893 34,931 Trade and other receivables 24 1,040,875 880,006 Tax recoverable 39,979 47,328 Cash and bank balances 25 941,410 841,265 3,591,585 3,397,325 Total assets 7,553,378 7,325,506 TROPICANA CORPORATION BERHAD Annual Report 2017 ABOUT TROPICANA STRATEGIC PERFORMANCE LEADERSHIP SUSTAINABILITY GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION