Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 168 30 GROSS REVENUE Group Company 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Contract revenue 1,415,872 357,161 - - Sale of goods 772,225 779,585 - - Provision of services 257,969 101,619 - - Engineering services 3,372 3,631 - - Rental income 39,979 33,561 - - Commission income 2,683 1,031 - - Dividend income - - 10,863 17,404 Interest income - - 11,319 7,953 Management fees - - 3,212 5,935 2,492,100 1,276,588 25,394 31,292 31 COST OF SALES Group 2017 RM’000 2016 RM’000 Contract costs 1,190,655 287,227 Cost of goods sold 705,935 707,141 Cost of provision of services 251,632 100,276 Cost of engineering services 1,374 1,113 Direct operating costs relating to rental income 32,832 22,613 2,182,428 1,118,370 32 OTHER (LOSSES)/GAINS - NET Group 2017 RM'000 2016 RM'000 Fair value (losses)/gains arising from fair value changes of derivative financial instruments: - Forward currency contracts (487) 995