Statement of Comprehensive Income

The following table sets out our pro forma consolidated statements of profit or loss and other comprehensive income for the past three (3) financial years up to the Financial Year Ended (FYE) 31 December 2014, which have been prepared for illustrative purposes only based on the audited financial statements of the companies in our Group and on the assumption that the current structure of our Group has been in existence throughout the financial years under review. In addition, the table below also shows the audited consolidated results for the FYE 31 December 2015 and the unaudited consolidated results up to the latest financial period.

Financial Year Ended 31 Mar 2018 31 Mar 2017 ^ 31 Dec 2015 31 Dec 2014 31 Dec 2013
No. of Months 6 15 12 12 12
  RM'000 RM'000 RM'000 RM'000 RM'000
  Unaudited Actual Audited Actual Audited Pro Forma Audited Pro Forma Audited
Revenue 53,480 128,672 107,880 110,633 97,895
Cost of sales (34,787) (80,509) (67,329) (73,143) (66,993)
Gross profit (GP) 18,693 48,163 40,551 37,490 30,902
Other income 53 815 513 294 286
  18,746 48,977 41,064 37,784 31,188
Selling and distribution expenses (477) (1,073) (1,244) (649) (507)
Administrative expenses (8,920) (28,573) (20,565) (16,735) (13,666)
Profit from operations 9,349 19,331 19,254 20,400 17,015
Finance costs (1,638) (3,192) (2,443) (1,978) (1,236)
Profit before taxation (PBT) 7,711 16,139 16,812 18,422 15,779
Income tax expense (1,805) (3,425) (726) (2,566) (1,793)
Profit after taxation (PAT) 5,906 12,713 16,086 15,856 13,986
 
Other comprehensive income  
Item that will not be reclassified subsequently to profit or loss          
- Revaluation of properties - - - - 18,139
- Deferred tax on revalued properties - (780) - - -
Items that may be reclassified subsequently to profit or loss -        
- Fair value changes of available-for-sale financial assets - - - - 12
- Realisation of fair value reserve upon disposal of available-for-sale financial assets - - - 5 -
- Foreign currency translation differences - (1) - - -
Total comprehensive income 5,906 11,932 16,086 15,861 32,137
 
PAT attributable to:  
Owners of the Company 6,021 12,705 15,958 15,755 13,876
Holders of non-controlling interests (115) 9 129 101 110
  5,906 12,713 16,086 15,856 13,986
 
Total comprehensive income attributable to:  
Owners of the Company 6,021 11,923 15,958 15,760 32,027
Holders of non-controlling interests (115) 9 129 101 110
  5,906 11,932 16,086 15,861 32,137
 
Gross Earnings Per Share (EPS) (sen) (1) - - - 10.23 8.77
Net Earnings Per Share (Net EPS) (sen) (1) - - - 8.75 7.71
Basic Earnings Per Share (Basic EPS) (sen) (2) 2.79 5.88 8.10 11.08 -

Notes:

(1) The gross EPS and net EPS were computed by dividing the PBT and PAT attributable to owners of the Company respectively by the enlarged number of ordinary shares in issue during the relevant financial years.
(2) The basic EPS is computed by dividing the PAT attributable to owners of the company by the weighted average number of ordinary shares in issue.
^ On 24 Feb 2016, the Board of Directors of Xin Hwa Holdings Berhad has approved the change of financial year end of the Company from 31 December to 31 March commencing from financial period covering 1 January 2016 to 31 March 2017.