FGV Annual Report 2014

Group Company Note 2014 RM’000 2013 RM’000 2014 RM’000 2013 RM’000 Continuing Operations Revenue 6 16,369,273 12,568,008 762,765 550,360 Cost of sales (14,249,104) (11,689,738) (53,120) (132,581) Gross profit 2,120,169 878,270 709,645 417,779 Other operating income 7 205,969 508,820 47,711 343,826 Selling and distribution costs (339,942) (208,183) – – Administrative expenses (859,786) (193,180) (175,847) (61,680) Other operating expenses 8 (111,452) (2,181) (143) (12,396) Other (losses)/gains, net 9 (129,687) 494,261 – – Operating profit 885,271 1,477,807 581,366 687,529 Finance income 10 131,746 164,172 – – Finance costs 10 (189,176) (103,429) (134,475) (93,168) Share of results from associates 23 9,320 83,368 – – Share of results from joint ventures 24 21,375 (85,596) – – Profit before zakat and taxation 11 858,536 1,536,322 446,891 594,361 Zakat 13 (13,184) (32,612) – – Taxation 14 (277,456) (366,659) 3,609 16,990 Profit for the financial year from continuing operations 567,896 1,137,051 450,500 611,351 Discontinued Operations Loss from discontinued operations 15 (29,244) (28,753) – – Profit for the financial year 538,652 1,108,298 450,500 611,351 Other comprehensive income/(loss): Items that will not be reclassified to profit or loss Actuarial (loss)/gain on defined benefit plan (193) (212) (83) 19 Items that may be subsequently reclassified to profit or loss Currency translation differences 22,926 26,645 – – Share of other comprehensive loss of associates – (9,411) – – Share of other comprehensive income of joint ventures 39,853 14,924 – – Fair value changes in available-for-sale financial assets 17,665 – – – 80,444 32,158 – – Total other comprehensive income/(loss) for the financial year, net of tax 80,251 31,946 (83) 19 Total comprehensive income for the financial year 618,903 1,140,244 450,417 611,370 Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 165 STATEMENTS OF COMPREHENSIVE INCOME For The Financial Year Ended 31 December 2014