FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 13 Group Company Note 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Revenue 6 19,359,186 25,561,543 348,569 852,377 Cost of sales (17,785,648) (22,217,789) (110,731) (130,237) Gross profit 1,573,538 3,343,754 237,838 722,140 Other operating income 7 121,194 152,783 9,899 11,826 Selling and distribution costs (249,993) (284,486) - - Administrative expenses (902,076) (891,183) (34,790) (35,340) Reversal of impairment/(impairment of) financial assets (net) 8 17,622 (17,641) 2,801 (29,110) Other operating expenses 9 (22,527) (4,435) (15,361) (14,397) Other losses, net 10 (134,623) (392,137) - - Operating profit 403,135 1,906,655 200,387 655,119 Finance income 11 35,123 26,256 - - Finance costs 11 (125,154) (126,510) (84,443) (96,002) Share of results from associates 24 (1,498) 2,658 - - Share of results from joint ventures 25 24,836 146,164 - - Profit before zakat and taxation 336,442 1,955,223 115,944 559,117 Zakat 14 (34,162) (35,142) - - Taxation 15 (189,838) (651,480) (16,159) (5,672) Profit for the financial year 12 112,442 1,268,601 99,785 553,445 Profit/(loss) attributable to: Owners of the Company 101,618 1,329,226 99,785 553,445 Non-controlling interests 10,824 (60,625) - - 112,442 1,268,601 99,785 553,445 Earnings per share (“EPS”) attributable to owners of the Company Basic and diluted EPS (sen) 17 2.8 36.4 - - STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
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