Page 80 - HRC_AR2020

78 I 2020 ANNUAL REPORT I financial reports

stateMent of coMpreHensiVe incoMe

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

note 2020 2019
rM’000 rM’000
Revenue 6 7,176,147 12,637,317
Purchases (6,796,240) (12,103,110)
379,907 534,207
Other income 7 16,404 2,828
Manufacturing expenses (229,751) (216,660)
Administrative expenses (51,350) (71,225)
Depreciation and amortisation (119,340) (144,403)
Other operating gains/(losses) 308,121 (61,124)
Finance cost 8 (22,117) (22,516)
Provision for impairment of receivables (26,190) -
Reversal of impairment of refinery assets - 125,513

Profit before taxation 9 255,684 146,620
Taxation 10 (4,701) (111,636)
Profit for the financial year 250,983 34,984

Other comprehensive income:

Items that will be reclassified to profit or loss:
Cash flow hedge reserve-net fair value loss on derivatives (net of tax) (125,794) (21,166)
Cost of hedging reserve (net of tax) 31,849 (1,686)

Items that will not be reclassified to profit or loss:
Foreign currency translation differences - (21,368)
(93,945) (44,220)

Total comprehensive income/(loss) for the financial year 157,038 (9,236)
Earnings per share (sen) - basic/diluted 11 84 12

The accompanying notes to the financial statements form an integral part of these financial statements.