Annual Report 2020

Group Company Note 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Revenue - sale of goods 23 4,155,826 3,619,053 — — - dividend income 112 151 147,025 94,248 4,155,938 3,619,204 147,025 94,248 Cost of sales (3,329,762) (2,932,284) — — Gross profit 826,176 686,920 147,025 94,248 Administrative expenses (273,625) (234,779) (8,541) (3,548) Distribution costs (194,725) (136,649) — — Other expenses (34,793) (48,922) (261) (2,772) Other income 31,376 46,205 14,674 12,588 Results from operating activities 24 354,409 312,775 152,897 100,516 Finance costs 25 (67,029) (60,699) (39,227) (36,224) Finance income 26 8,781 7,480 50,769 36,973 Share of profits of equity-accounted  associates, net of tax 10,778 12,798 — — Profit before tax 306,939 272,354 164,439 101,265 Tax expense 27 (67,972) (46,888) (102) (87) Profit for the year 238,967 225,466 164,337 101,178 Other comprehensive (expense)/income,  net of tax Items that are or may be  reclassified subsequently  to profit or loss Foreign currency translation  differences for foreign operations (46,665) 6,718 — — Share of loss of  equity-accounted associates (2,096) (1,623) — — Cash flow hedge (26,424) (2,341) (24,199) (2,229) Total other comprehensive  (expense)/income for the year, net of tax (75,185) 2,754 (24,199) (2,229) Total comprehensive income  for the year 163,782 228,220 140,138 98,949 Annual Report | 2020 QL Resources Berhad 102 Statements of Profit or Loss and Other Comprehensive Income For T he Year Ended 31 March 2020