FORGING AHEAD - Tradewinds Plantation Berhad
FORGING AHEAD - Tradewinds Plantation Berhad
FORGING AHEAD - Tradewinds Plantation Berhad
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
102<br />
FINANCIAL STATEMENTS<br />
STATEMENTS OF COMPREHENSIVE INCOME<br />
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010<br />
TRADEWINDS PLANTATION BERHAD<br />
Annual Report 2010<br />
Group Company<br />
2010 2009 2010 2009<br />
(Restated)<br />
Note RM’000 RM’000 RM’000 RM’000<br />
Revenue 28 909,126 677,424 60,382 55,685<br />
Other operating income 17,170 8,351 31,043 29,908<br />
Changes in inventory of finished goods (8,619) (1,843) - -<br />
Raw materials and consumables used (237,632) (215,871) - -<br />
Staff costs 29 (124,394) (96,088) (11,239) (7,862)<br />
Depreciation of property, plant and equipment 7 (101,974) (94,060) (1,224) (1,248)<br />
Property development cost (1,463) - - -<br />
Impairment loss on investment in a subsidiary - - - (100)<br />
Other operating expenses (143,966) (164,633) (9,981) (5,961)<br />
308,248 113,280 68,981 70,422<br />
Excess of fair value of net assets<br />
acquired over purchase consideration 34 - 1,519 - -<br />
Share of result of a jointly controlled entity 1,266 (5,879) - -<br />
Finance costs (27,106) (30,573) (32,203) (29,796)<br />
Profit before tax 30 282,408 78,347 36,778 40,626<br />
Tax expense 31 (70,452) (23,953) (4,332) (3,852)<br />
Profit for the financial year 211,956 54,394 32,446 36,774<br />
Other comprehensive income:<br />
Exchange differences on translating foreign operations - 260 - -<br />
Realisation of exchange differences upon liquidation<br />
of an associate - (1,183) - -<br />
Fair value gains on available-for-sale financial assets 1,101 - - -<br />
Other comprehensive income for the year, net of tax 1,101 (923) - -<br />
Total comprehensive income for the year 213,057 53,471 32,446 36,774<br />
The accompanying notes form an integral part of the financial statements.