Group Company Note 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Revenue 20 15,682,941 10,995,236 574,794 255,172 Cost of sales (12,801,141) (8,934,294) - - Gross profit 2,881,800 2,060,942 574,794 255,172 Other income 64,942 45,212 78,205 2,254 Distribution expenses (526,143) (302,977) - - Administrative expenses (310,624) (239,323) (45,182) (37,177) Net loss on impairment of financial instruments and contract assets 23 (273) (2,880) - - Other expenses (100,210) (35,390) (72,986) (172,595) Results from operating activities 2,009,492 1,525,584 534,831 47,654 Finance income 21 9,921 5,807 130,962 88,042 Finance costs 22 (241,990) (170,799) (138,679) (96,500) Net finance costs (232,069) (164,992) (7,717) (8,458) Share of profit of equity-accounted associates, net of tax 174,405 82,230 - - Profit before tax 23 1,951,828 1,442,822 527,114 39,196 Tax expense 24 (185,287) (147,658) (26,086) 16,181 Profit for the year 1,766,541 1,295,164 501,028 55,377 Other comprehensive income/(expense), net of tax Items that are or may be reclassified subsequently to profit or loss Cash flow hedge 1,009,225 (983,320) 167 (41,867) Foreign currency translation differences for foreign operations (23,884) 21,684 - - Other comprehensive income/(expense) for the year, net of tax 25 985,341 (961,636) 167 (41,867) Total comprehensive income for the year 2,751,882 333,528 501,195 13,510 STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2022 STATEMENTS OF profit or loss and other comprehensive income ANNUAL REPORT 2022 204
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