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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

STATEMENTS OF

COMPREHENSIVE INCOME

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

Group Company
Note 2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
Continuing operations
Revenue 6 2,184,463 2,006,911 127,085 145,392
Cost of sales (2,016,920) (1,992,260) - -

Gross profit 167,543 14,651 127,085 145,392
Other operating income 7 1,566 1,843 117 16
Selling and distribution expenses (26,101) (25,272) - - 133
Administrative expenses (62,374) (73,561) (21,584) (22,777)
Impairment of investments in subsidiaries 20 - - (27,362) (437,672)
(Impairment of receivables)/reversal of impairment
of receivables 8 (6,565) (4,583) 419 32,282
Reversal of impairment/(impairment) of assets 17,18,19 11,775 (138,784) - -
Other operating expenses (14,232) (747) - (680)
Other (losses)/gains – net 9 (2,816) 4,999 - -

Profit/(Loss) from operations 68,796 (221,454) 78,675 (283,439)
Finance income 10 3,835 4,032 - -
Finance costs 10 (36,784) (82,128) (28,909) (73,844) MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020

Profit/(Loss) before zakat and taxation 11 35,847 (299,550) 49,766 (357,283)
Zakat 13 (1,486) (14) - -
Taxation 14 (30,498) 11,074 (2,448) (1,373)

Profit/(Loss) for the financial year from
continuing operation 3,863 (288,490) 47,318 (358,656)
Discontinuing operation
Loss from discontinuing operation, net of tax 16 (75,091) (11,279) - -
(Loss)/profit for the financial year (71,228) (299,769) 47,318 (358,656)

Other comprehensive (loss)/income:
Items that may be subsequently reclassified
to profit or loss

Currency translation difference (536) (145) - -
Cash flow hedges (4,241) (5,529) (4,241) (5,529)

(4,777) (5,674) (4,241) (5,529)
Total comprehensive (loss)/income
for the financial year (76,005) (305,443) 43,077 (364,185)