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276 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

STATEMENTS OF

COMPREHENSIVE INCOME

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

Group Company
Note 2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000
Continuing operations
Revenue 6 2,259,698 2,184,463 254,579 127,085
Cost of sales (2,098,744) (2,016,920) - -
Gross profit 160,954 167,543 254,579 127,085
Other operating income 7 9,897 1,566 28,923 117
Selling and distribution expenses (28,293) (26,101) - -
Administrative expenses (66,106) (62,374) (22,336) (21,584)
Impairment of investments in
subsidiaries 20 - - - (27,362)
(Impairment)/reversal of
impairment of financial assets, net 8 (1,635) (6,565) (13,433) 419
Reversal of impairment of non-financial assets 17,18,19 16,427 11,775 - -
Other operating expenses (7,682) (14,232) - -
Other gains/(losses), net 9 41,998 (2,816) - -
Profit from operations 125,560 68,796 247,733 78,675
Finance income 10 2,587 3,835 - -
Finance costs 10 (47,045) (36,784) (42,387) (28,909)
Profit before zakat and taxation 11 81,102 35,847 205,346 49,766
Zakat 13 (1,000) (1,486) - -
Taxation 14 (43,487) (30,498) (4,451) (2,448)
Profit for the financial year from continuing operations 36,615 3,863 200,895 47,318
Discontinued operations
Profit/(loss) from discontinued operations, net of tax 16 88,738 (75,091) - -
Profit/(loss) for the financial year 125,353 (71,228) 200,895 47,318
Other comprehensive income/(loss):

Items that may be subsequently
reclassified to profit or loss
Currency translation difference 143 (536) - -
Cash flow hedges 5,542 (4,241) 5,542 (4,241)
5,685 (4,777) 5,542 (4,241)
Total comprehensive income/(loss) for the financial year 131,038 (76,005) 206,437 43,077