Tropicana Corporation Berhad Annual Report 2020

INDEPENDENT AUDITORS' REPORT To the members of Tropicana Corporation Berhad (Incorporated in Malaysia) STATEMENTS OF COMPREHENSIVE INCOME For the financial year ended 31 December 2020 REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS In accordance with the requirements of the Companies Act 2016 in Malaysia, we report that the subsidiaries of which we have not acted as auditors, are disclosed in Note 18 to the financial statements. OTHER MATTERS This report is made solely to the members of the Company, as a body, in accordance with Section 266 of the Companies Act 2016 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report. Ernst & Young PLT Hoh Yoon Hoong 202006000003 (LLP0022760-LCA) & AF 0039 No. 02990/08/2022 J Chartered Accountants Chartered Accountant Kuala Lumpur, Malaysia 19 May 2021 Group Company Note 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 Revenue 4 1,062,571 1,135,843 56,279 72,197 Cost of sales 5 (513,626) (639,408) (19,159) (24,276) Gross profit 548,945 496,435 37,120 47,921 Other income 6 172,137 371,743 1,450 1,379 Selling and marketing expenses (23,278) (27,877) – – Administrative expenses (266,152) (268,493) (17,401) (40,006) Other expenses (51,619) (159,029) (16,953) (62,994) Operating profit/(loss) 380,033 412,779 4,216 (53,700) Finance income 7 17,780 18,468 68,418 31,978 Finance costs 8 (164,287) (75,850) (101,389) (36,332) Share of results of joint ventures (1,168) 11,258 – – Share of results of an associate 6,046 819 – – Profit/(loss) before tax 9 238,404 367,474 (28,755) (58,054) Income tax expense 12 (91,847) (28,139) (542) (764) Profit/(loss) net of tax for the financial year 146,557 339,335 (29,297) (58,818) Other comprehensive (loss)/income to be reclassified to profit or loss in subsequent period Foreign currency translation (45) 65 – – Total comprehensive income/(loss) 146,512 339,400 (29,297) (58,818) Profit/(loss) attributable to: Owners of the parent 91,307 320,759 (46,658) (63,479) Holders of perpetual bond 17,361 4,661 17,361 4,661 Non-controlling interests 37,889 13,915 – – 146,557 339,335 (29,297) (58,818) Total comprehensive income/(loss) attributable to: Owners of the parent 91,262 320,824 (46,658) (63,479) Holders of perpetual bond 17,361 4,661 17,361 4,661 Non-controlling interests 37,889 13,915 – – 146,512 339,400 (29,297) (58,818) Earnings per share attributable to owners of the parent (sen per share) - Basic 13 6.37 22.28 - Diluted 13 3.78 20.99 The accompanying accounting policies and explanatory information form an integral part of the financial statements. ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 164 165