TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
42
Group
Company
Note
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Revenue
21
4,760,628 5,198,491
89,300
75,110
Cost of sales
(3,878,682)
(4,070,433)
-
-
Gross profit
881,946 1,128,058
89,300
75,110
Other income
136,666
78,197
3,272
20,808
Distribution expenses
(415,440)
(391,171)
-
-
Administrative expenses
(340,118)
(327,583)
(11,606)
(17,643)
Other expenses
(53,399)
(99,703)
(658)
(658)
Results from operating activities
209,655
387,798
80,308
77,617
Finance income
22
14,229
17,395
13,022
16,863
Finance costs
23
(56,014)
(48,580)
(23,787)
(20,973)
Net finance cost
(41,785)
(31,185)
(10,765)
(4,110)
Share of profit of equity
-accounted investees, net of tax
2,975
3,509
-
-
Profit before tax
24
170,845
360,122
69,543
73,507
Tax (expense)/income
26
(51,191)
(124,495)
112
(6,022)
Profit for the year
119,654
235,627
69,655
67,485
Other comprehensive (loss)/income, net of tax
Items that will not be reclassified subsequently
to profit or loss
Remeasurement of defined benefit liability
774
2,825
-
-
Revaluation of property, plant and equipment
-
595,900
-
-
774
598,725
-
-
Items that are or may be reclassified
subsequently
to profit or loss
Foreign currency translation differences for foreign
operations
(2,768)
56
-
-
Cash flow hedge
(36)
1,021
-
-
(2,804)
1,077
-
-
Other comprehensive (loss)/income for the year,
net of tax
27
(2,030)
599,802
-
-
Total comprehensive income for the year
117,624
835,429
69,655
67,485
STATEMENTS OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
for the year ended 31 December 2014
