TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
44
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
as at 31 December 2014 (in USD equivalent)
2014
2013
USD’000
USD’000
Revenue
1,346,331
1,562,047
Cost of sales
(1,096,912) (1,223,087)
Gross profit
249,419
338,960
Other income
38,650
23,497
Distribution expenses
(117,489)
(117,539)
Administrative expenses
(96,187)
(98,432)
Other expenses
(15,102)
(29,959)
Results from operating activities
59,291
116,527
Finance income
4,024
5,227
Finance costs
(15,841)
(14,597)
Net finance cost
(11,817)
(9,370)
Share of profit of equity-accounted investees, net of tax
841
1,054
Profit before tax
48,315
108,211
Tax expense
(14,477)
(37,408)
Profit for the year
33,838
70,803
The information presented on this page does not form part the audited financial statements of the Group.
The audited figures are converted into USD equivalent using the exchange rate of RM3.536 = USD1.00
(2013 - RM3.328 = USD1.00) being the exchange rate ruling at the date of statements of financial position.
