cover rationale - ChartNexus

INCOME STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2002
90
MALAYSIAN RESOURCES CORPORATION BERHAD
Group Company
Note 2002 2001 2002 2001
RM'000 RM'000 RM'000 RM'000
Revenue 4 419,282 533,080 142,102 99,458
Cost of sales (331,558) (470,200) (113,492) (81,302)
Gross profit 87,724 62,880 28,610 18,156
Other operating income:
- gain on disposal/dilution of investments in:
• subsidiary 153,403 10 114,288 -
• associate - 169,111 - 342,068
• other investment 7,000 - 7,000 -
- others 5 45,483 26,784 16,026 19,635
Selling and distribution costs (2,707) (5,223) (857) (2,965)
Administrative expenses (62,193) (64,086) (19,971) (24,823)
Other operating expenses:
- allowance for diminution in value
of investments in:
• subsidiaries - - (29,732) (33,637)
• associates - (430,784) (47,360) (497,878)
• other investments (841) (222) (841) (200)
- impairment loss on investment properties (992) (29,965) - -
- goodwill written off (7,016) (62,299) - -
- allowance for doubtful debts (11,903) (26,279) (86,566) (402,682)
- facility charges on hedging contract - (35,602) - -
- write back of/(allowance for) expressway
development expenditure 599 (18,256) - -
- write back of/(provision for) foreseeable
losses on development properties 4,054 (27,196) - -
- others (44,725) (52,259) (28,588) (9,578)
Profit/(loss) from operations 6 167,886 (493,386) (47,991) (591,904)
Finance costs 7 (87,011) (82,653) (42,682) (46,996)
Share of results of associates 115,494 (72,551) - -
Share of results of jointly
controlled entities 3 420 - -
Profit/(loss) from ordinary activities
before taxation 196,372 (648,170) (90,673) (638,900)
Taxation 8 (20,058) (1,399) - -
Profit/(loss) from ordinary activities
after taxation 176,314 (649,569) (90,673) (638,900)
Minority interests (3,637) (7,186) - -
Net profit/(loss) attributable
to shareholders 172,677 (656,755) (90,673) (638,900)
Earnings/(Loss) per share (sen):
- Basic 9 17.7 (67.3)
The notes on pages 99 to 145 form an integral part of these financial statements.