STATEMENTS OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 83E
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From the data, how to calculate net profit margin for hwa tai industries in year 2018 and 2019?

ANNUAL REPORT 2019
HWA TAI INDUSTRIES BERHAD
39
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019
Group
Company
2019
2018
2019
2018
Note
RM
RM
RM
RM
Revenue
18
65,352,730
(46,546,728)
64,739,149
(46,539,951)
57,073,593
(40,835.274)
57,683,579
(41.303.767)
Cost of sales
19
Gross profit
18,806,002
18,199,198
16,238
16,379,812
Other income
938,516
(11,676,589)
(9,235,823)
638,997
(10,184,660)
(9,003,309)
495,595
(10,305,121)
(7,954,487)
654,780
(9,235,878)
(8,998,284)
Selling and distribution expenses
Administrative expenses
Net reversal/(loss) on impairment
on financial instruments
Share of results of associate
100,799
(412,909)
(992,202)
(1,483,519)
(588,784)
(877,773)
167,399
(1,497,305)
Finance costs
20
(963,900)
(855,557)
Loss before tax
Income tax credit/(expense)
(2,472,206)
253,979
21
(3,299,850)
(629,096)
(2,322,195)
255,147
(3,552,432)
(629,096)
22
Loss for the fnancial year
(2,218,227)
(3,928,946)
(2,067,048)
(4,181,528)
Other comprehensive income,
net of tax, items that may be
reclassified subsequently to
profit or loss
Translation reserves of
foreign operation
(41,237)
(390,205)
Total comprehensive loss
for the financial year
(2,259,464)
(4,319,151)
(2,067,048)
(4,181,528)
Loss for the financial year
attributable to:
Owners of the Company
Non-controlling interests
(2,220,880)
2,653
(3,915,809)
(13,137)
(2,067,048)
(4,181,528)
(2,218,227)
(3,928,946)
(2,067,048)
(4,181,528)
12:02AM
Transcribed Image Text:ANNUAL REPORT 2019 HWA TAI INDUSTRIES BERHAD 39 STATEMENTS OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Group Company 2019 2018 2019 2018 Note RM RM RM RM Revenue 18 65,352,730 (46,546,728) 64,739,149 (46,539,951) 57,073,593 (40,835.274) 57,683,579 (41.303.767) Cost of sales 19 Gross profit 18,806,002 18,199,198 16,238 16,379,812 Other income 938,516 (11,676,589) (9,235,823) 638,997 (10,184,660) (9,003,309) 495,595 (10,305,121) (7,954,487) 654,780 (9,235,878) (8,998,284) Selling and distribution expenses Administrative expenses Net reversal/(loss) on impairment on financial instruments Share of results of associate 100,799 (412,909) (992,202) (1,483,519) (588,784) (877,773) 167,399 (1,497,305) Finance costs 20 (963,900) (855,557) Loss before tax Income tax credit/(expense) (2,472,206) 253,979 21 (3,299,850) (629,096) (2,322,195) 255,147 (3,552,432) (629,096) 22 Loss for the fnancial year (2,218,227) (3,928,946) (2,067,048) (4,181,528) Other comprehensive income, net of tax, items that may be reclassified subsequently to profit or loss Translation reserves of foreign operation (41,237) (390,205) Total comprehensive loss for the financial year (2,259,464) (4,319,151) (2,067,048) (4,181,528) Loss for the financial year attributable to: Owners of the Company Non-controlling interests (2,220,880) 2,653 (3,915,809) (13,137) (2,067,048) (4,181,528) (2,218,227) (3,928,946) (2,067,048) (4,181,528) 12:02AM
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