2020 UEM Edgenta Annual Report

The accompanying accounting policies and explanatory information form an integral part of the financial statements. Group Company RM’000 Note 2020 2019 2020 2019 Revenue 3 2,028,716 2,411,195 87,695 300,660 Cost of sales 4 (1,756,013) (1,944,388) – – Gross profit 272,703 466,807 87,695 300,660 Other income 5 57,771 66,435 11,364 18,245 Administrative expenses (221,818) (233,631) (93,024) (95,233) Selling and marketing expenses (102) (120) – – Other expenses (53,887) (48,090) (64,031) (100,853) Operating profit/(loss) 54,667 251,401 (57,996) 122,819 Finance costs 6 (23,491) (27,954) (18,788) (19,677) Share of profit of associates 15,756 21,502 – – Profit/(loss) before tax 7 46,932 244,949 (76,784) 103,142 Zakat (2,367) (3,065) – – Income tax (expense)/benefit 10 (30,192) (53,844) (10) 218 Profit/(loss) after tax 14,373 188,040 (76,794) 103,360 Profit/(loss) attributable to: Owners of the parent 12,869 181,782 (76,794) 103,360 Non-controlling interests 1,504 6,258 – – 14,373 188,040 (76,794) 103,360 Earnings per share attributable to owners of the parent (sen) 11 1.5 21.9 ANNUAL REPORT 2020 187 1 2 3 4 5 6 7 8 INCOME STATEMENTS For the year ended 31 December 2020