MISC BERHAD 112 INTEGRATED ANNUAL REPORT 2023 113 www.miscgroup.com FINANCIAL REVIEW SECTION 9 Five-Year Group Financial Performance Audited 1.1.2023 to 31.12.2023 RM million Audited 1.1.2022 to 31.12.2022 RM million Audited 1.1.2021 to 31.12.2021 RM million Audited 1.1.2020 to 31.12.2020 RM million Audited 1.1.2019 to 31.12.2019 RM million Revenue 14,271.7 13,867.0 10,671.7 9,401.2 8,962.7 Operating profit 2,881.4 3,102.0 1,948.3 2,017.2 1,929.3 Profit/(loss) before taxation 2,093.7 1,874.3 1,774.6 (123.6) 1,512.3 Profit/(loss) after taxation 1,958.9 1,835.0 1,733.5 (169.8) 1,436.3 Profit/(loss) for the year attributable to equity holders of the Corporation 2,123.5 1,822.9 1,831.3 (43.1) 1,426.4 Dividends paid during the year 1,606.9 1,473.0 1,473.0 1,473.0 1,339.1 Earnings/(loss) per share (sen)(1) 47.6 40.8 41.0 (1.0) 32.0 Total assets 65,060.1 62,664.2 57,521.5 51,821.0 51,863.8 Total liabilities 25,094.3 24,360.2 22,596.5 18,669.9 16,110.1 Equity attributable to equity holders of the Corporation 39,285.8 37,458.7 34,162.7 32,272.8 34,727.2 Interest-bearing loans and borrowings 17,545.0 17,861.5 17,029.0 13,440.4 13,152.2 Net tangible assets per share (sen) 874.1 835.7 758.6 724.3 782.1 Gross debt/equity ratio (times) 0.44 0.47 0.49 0.41 0.37 Net debt/equity ratio (times) 0.25 0.28 0.26 0.20 0.17 Interest cover ratio (times)(2) 3.50 4.01 5.42 5.79 3.77 Cash flows from operating activities(3) 5,696.3 3,042.1 2,908.6 5,587.9 5,579.1 Notes: (1) Earnings/(loss) per share has been calculated using the weighted average number of ordinary shares in issue during the financial year. (2) Interest cover ratio is computed as Earnings Before Interest and Taxes (EBIT) divided by total interest expense. EBIT for FY2020 excluded provision for litigation claims and loss on re-measurement of finance lease. (3) The CFO for FY2023, FY2022 and FY2021 included payments for costs relating to the turnkey activities for the conversion of a vessel to an FPSO facility amounting to RM1,822.2 million, RM2,679.9 million and RM1,126.1 million respectively. These payments are disclosed as part of CFO as the turnkey activities contribute to the recognition of contract assets per MFRS 15: Revenue from Contract with Customers. The CFO for FY2019 onwards reflect the reclassification arising from the adoption of MFRS 16: Leases. The CFO for FY2023 included charter hire prepayments for two FSUs of RM982.4 million. 1,948.3 2,017.2 1,929.3 3,102.0 Five-Year Group Financial Performance Revenue (RM million) 10,671.7 9,401.2 8,962.7 2023 2022 2021 2020 2019 14,271.7 13,867.0 Profit/(loss) before taxation (RM million) 2023 2022 2021 2020 2019 Dividends paid (RM million) 1,473.0 1,473.0 1,339.1 2023 2022 2021 2020 2019 1,606.9 1,473.0 Operating profit (RM million) 2023 2022 2021 2020 2019 2,881.4 Earnings/(loss) per share (sen) 2023 2022 2021 2020 2019 Equity attributable to equity holders of the Corporation (RM million) 34,162.7 32,272.8 34,727.2 2023 2022 2021 2020 2019 39,285.8 37,458.7 1,512.3 (123.6) 1,774.6 2,093.7 1,874.3 (1.0) 32.0 41.0 47.6 40.8
RkJQdWJsaXNoZXIy NDgzMzc=