Serba Dinamik Annual Report 2021

Integrated Report 2021 163 OTHER OPERATING INCOME & EXPENSES IMPAIRMENT OF TRADE AND OTHER RECEIVABLES AND INVENTORIES WRITTEN DOWN TAXATION 2016* 2017 2018 2019 2021 ^ RM Millions Taxation 90.02 44.78 41.28 46.84 22.13 10.23% 11.93% 8.60% 8.26% ETR Taxation -95.96% The Group incurred tax expenses during the period amounted to RM90.77 million. However, since the Group at a loss position, the effective tax rate (“ETR”) decrease compared to FYE2019 from 8.60% to -95.96% in FPE2021. FINANCIAL PERFORMANCE -27.42 -7.87 -4.07 -8.38 1.07 18.39 13.13 32.27 10.80 0 -23.33 13.88 -2.09 35.04 0 2016* 2017 2018 2019 2021 ^ RM Millions Share of results of equity accounted associates Other operating income Other operating expenses utk guretahun yg bukan current b gray color kecuali current year The Group received other operating income of RM23.33 million during FPE2021. This income mostly consists of rental income and foreign exchange gain which accounted for 67.00% and 11.26% respectively. On the other hand, share of results of equity accounted associates showed loss of RM27.42 million for FPE2021. During the year, the Group also has received dividend from eNoah and Psicon BV amounted to RM1.00 million which slightly contributed to the Group’s cash flow. The impairment of trade and other receivables during FPE2021 was RM395.00 million. Aside from that, the inventories written down value was RM552.59 million. * The figures and values for 2016 in this section represent that performance of Serba Dinamik Group Berhad, in order to reflect the performance of the Group prior to the incorporation of Serba Dinamik Holdings Berhad and the subsequent acquisition of Serba Dinamik Group Berhad on 26 May 2016. For further information please refer to our IPO prospectus available on our corporate website. ^ On 07 May 2021, the Group announced the change of financial year end for the Company and its subsidiaries from 31 December 2020 to 30 June 2021. The audited financial statements is for a period of eighteen (18) months, made up from 1 January 2020 to 30 June 2021.