Fraser & Neave Holdings Bhd Annual Report 2020

149 06 financial statements ANNUAL REPORT 2020 Group Company Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Revenue 21 3,988,507 4,077,138 278,256 216,953 Cost of sales (2,758,139) (2,810,372) – – Gross profit 1,230,368 1,266,766 278,256 216,953 Other income 23,622 16,184 – 90 Distribution expenses (339,010) (350,497) – – Marketing expenses (260,575) (272,958) – – Administrative expenses (129,299) (128,007) (3,935) (3,785) Other expenses (9,946) (11,044) (1,551) (33) Operating profit 515,160 520,444 272,770 213,225 Finance income 22 5,068 15,223 20,315 28,998 Finance costs 23 (4,858) (4,555) – – Net finance income 210 10,668 20,315 28,998 Share of profit of equity-accounted associate, net of tax 9 7,824 9,139 – – Share of loss of equity-accounted joint venture, net of tax 10 (283) (7,295) – – Profit before tax 522,911 532,956 293,085 242,223 Tax expense 24 (112,787) (122,732) (23,385) (12,946) Profit for the year 25 410,124 410,224 269,700 229,277 Profit for the year attributable to: Owners of the Company 410,384 410,260 269,700 229,277 Non-controlling interests (260) (36) – – 410,124 410,224 269,700 229,277 Basic earnings per ordinary share (sen) 27(A) 111.9 111.9 Diluted earnings per ordinary share (sen) 27(B) 111.7 111.6 The notes on pages 157 to 221 are an integral part of these financial statements. Statements of Profit or Loss FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020