REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS In accordance with the requirements of the Companies Act 2016 in Malaysia, we report that the subsidiaries of which we have not acted as auditors, are disclosed in Note 18 to the financial statements. OTHER MATTERS This report is made solely to the members of the Company, as a body, in accordance with Section 266 of the Companies Act 2016 in Malaysia and for no other purpose. We do not assume responsibility to any other person for the content of this report. Ernst & Young PLT Ong Chee Wai 202006000003 (LLP0022760-LCA) & AF 0039 No. 02857/07/2022 J Chartered Accountants Chartered Accountant Kuala Lumpur, Malaysia 21 April 2022 Group Company Note 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Revenue 4 876,015 1,062,571 42,229 56,279 Cost of sales 5 (513,618) (513,626) (18,721) (19,159) Gross profit 362,397 548,945 23,508 37,120 Other income 6 92,191 172,137 729 1,450 Selling and marketing expenses (23,442) (23,278) – – Administrative expenses (285,837) (266,152) (18,521) (17,401) Other expenses (27,230) (51,619) (3,622) (16,953) Operating profit 118,079 380,033 2,094 4,216 Finance income 7 6,549 17,780 121,289 68,418 Finance costs 8 (201,451) (164,287) (164,752) (101,389) Share of results of joint ventures 22,254 (1,168) – – Share of results of an associate 18,587 6,046 – – (Loss)/profit before tax 9 (35,982) 238,404 (41,369) (28,755) Income tax benefit/(expense) 12 5,909 (91,847) (597) (542) (Loss)/profit net of tax for the financial year (30,073) 146,557 (41,966) (29,297) Other comprehensive income/(loss) to be reclassified to profit or loss in subsequent period Foreign currency translation 265 (45) – – Total comprehensive (loss)/income (29,808) 146,512 (41,966) (29,297) (Loss)/profit attributable to: Owners of the parent (52,171) 91,307 (64,599) (46,658) Holders of perpetual bond 22,633 17,361 22,633 17,361 Non-controlling interests (535) 37,889 – – (30,073) 146,557 (41,966) (29,297) Total comprehensive (loss)/income attributable to: Owners of the parent (51,906) 91,262 (64,599) (46,658) Holders of perpetual bond 22,633 17,361 22,633 17,361 Non-controlling interests (535) 37,889 – – (29,808) 146,512 (41,966) (29,297) (Loss)/earnings per share attributable to owners of the parent (sen per share) - Basic 13 (3.60) 6.37 - Diluted 13 (2.14) 3.78 To the members of Tropicana Corporation Berhad (Incorporated in Malaysia) For the financial year ended 31 December 2021 The accompanying accounting policies and explanatory information form an integral part of the financial statements. COMPREHENSIVE INCOME STATEMENTS OF AUDITORS’ REPORT INDEPENDENT Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 212 213
RkJQdWJsaXNoZXIy NDgzMzc=