Fraser & Neave Holdings Bhd Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 06 Financial Statements 139 Group Company Note 2019 RM’000 2018 RM’000 Restated 2019 RM’000 2018 RM’000 Revenue 20 4,077,138 3,870,954 216,953 437,918 Cost of sales (2,810,372) (2,721,272) – – Gross profit 1,266,766 1,149,682 216,953 437,918 Other income 16,184 18,076 90 1,042 Distribution expenses (350,497) (342,528) – – Marketing expenses (272,958) (261,360) – – Administrative expenses (128,007) (125,494) (3,785) (2,788) Other expenses (11,044) (16,721) (33) (510) Operating profit 520,444 421,655 213,225 435,662 Finance income 21 15,223 16,047 28,998 18,009 Finance costs 22 (4,555) (15,571) – – Net finance income 10,668 476 28,998 18,009 Share of profit of equity-accounted associate, net of tax 8 9,139 8,571 – – Share of loss of equity-accounted joint venture, net of tax 9 (7,295) (6,558) – – Profit before tax 532,956 424,144 242,223 453,671 Tax expense 23 (122,732) (37,633) (12,946) (3,885) Profit for the year 24 410,224 386,511 229,277 449,786 Profit for the year attributable to: Owners of the Company 410,260 386,548 229,277 449,786 Non-controlling interests (36) (37) – – 410,224 386,511 229,277 449,786 Basic earnings per ordinary share (sen) 26 111.9 105.3 Diluted earnings per ordinary share (sen) 26 111.6 104.9 The notes on pages 146 to 210 are an integral part of these financial statements. STATEMENTS OF PROFIT OR LOSS for the financial year ended 30 September 2019