2021 2020 RM'000 RM'000 Value Added Total turnover 876,015 1,062,571 Purchases of goods and services (533,871) (456,365) Value Added by the Group 342,144 606,206 Share of results of an associate 18,587 6,046 Share of results of joint ventures 22,254 (1,168) Total Value Added 382,985 611,084 Reconciliation : (Loss)/profit attributable to owners of the parent (52,171) 91,307 Add : Depreciation and amortisation 37,490 34,890 Finance costs 201,451 164,287 Salaries and other staff costs 180,026 173,503 Corporate taxation (5,909) 91,847 Holders of perpetual bond 22,633 17,361 Non-controlling interests (535) 37,889 Total Value Added 382,985 611,084 VALUE DISTRIBUTED Employees Salaries and other staff costs 180,026 173,503 Government Corporate taxation (5,909) 91,847 Providers of capital Dividends - 53,829 Finance costs 201,451 164,287 Holders of perpetual bond 22,633 17,361 Non-controlling interests (535) 37,889 Reinvestment and growth Depreciation and amortisation 37,490 34,890 (Loss)/Income retained by the Group (52,171) 37,478 Total Distributed 382,985 611,084 VALUE ADDED STATEMENT INVESTOR RELATIONS The federal government of Malaysia had on 8 March 2022, announced the reopening of its border from 1 April 2022 onwards to transition to endemic phase of COVID-19. Thus, it will bring Malaysia’s economy back on track for recovery and improve overall business sentiment. Although Home Ownership Campaign (“HOC”) under the Short-Term Economic Recovery Plan (“PENJANA”) has ended effective end of 2021, the Overnight Policy Rate (“OPR”) has been maintained at 1.75% since 2020 as an effort by BNM to cushion the negative impact on the economy arising from the COVID-19 pandemic. This proposed measure would help to stimulate the property market and provide financial relief to home buyers. These measures are expected to augur well with the Group’s property development business. Guided by our unique strategy, we are covering several property sub-segments by launching a variety of products to cater to the different needs of house buyers and property investors at strategic locations, instead of focusing on a single market segment or a single category of customers. In the effort of driving sales for the on-going projects, Tropicana had launched “Multi-Million Mania Campaign” from 21 January 2022 to 22 May 2022 which offers millions of ringgit worth of prizes and vouchers for home seekers and shoppers, as well as a grand prize of a RM519,000 high-rise unit (452 sq ft) at Edelweiss SOFO, Tropicana Gardens as well as “Tropicana Power Up Campaign” from 1 March 2022 to 30 June 2022 which offers down payment assistance, free stamp duties for loan and memorandum of transfer, double referral rewards and bonuses on sale and purchase agreement signings. The financial period under review is a twelve-month period which ended on 31 December 2021. Throughout the financial year, we remained committed to disseminate the complete, transparent and timely information to the market about its financial performance, business operation and prospects. At Tropicana, we value the relationships we have with our stakeholders. We strike to provide latest updated information on the Company to the stakeholders. The Tropicana corporate website at www.tropicanacorp.com.my serves as a platform for key qualitative and quantitative information on Tropicana. The Group’s 42nd Annual General Meeting was held on a fully virtual basis on 23 September 2021 where it served as a platform to share updates as well as to address any concerns from our shareholders. The Tropicana IR team also maintains the Group’s IR page on the corporate website for easy data dissemination as well as an avenue to engage with shareholders and stakeholders on a regular basis. This site encompasses the Group’s annual reports, quarterly financial results, Bursa Malaysia announcements and share information. This is to ensure that the general public would have easy access to the Group’s financial information through this site which enables them to make a fair, balanced and informed assessment on the Group’s position and prospects. Tropicana is a member of the Malaysian Investor Relations Association (“MIRA”) that keeps us updated on the current industry best practices and at the same time, maintain relationships with the community. Contact Our IR Team Analysts, current and potential investors who have any questions or would like to provide feedback on the Company are encouraged to contact our IR Team: Email: ir@tropicanacorp.com.my Tel: +603 7663 6888 Fax: +603 7663 6688 Private lounge at Tropicana Experiential Hall 97 Annual Report 2021 PERFORMANCE REVIEW 96 TROPICANA CORPORATION BERHAD
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