The accompanying accounting policies and explanatory notes form an integral part of these financial statements. INCOME STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Group Company 2023 2022 2023 2022 Note RM’000 RM’000 RM’000 RM’000 Revenue 4 851,694 1,176,948 291,921 413,850 Operating costs 5 (749,843) (882,318) (218,712) (230,781) Results from operations 101,851 294,630 73,209 183,069 Gain on disposal of plantation assets 6 – 458,743 – 458,743 Reversal/(allowance) for expected credit losses 7 – – 3,159 (196,189) Interest income 8 2,990 5,060 86,812 94,600 Finance costs 9 (39,798) (34,275) (45,880) (40,198) Share of results of associates 5,601 4,849 – – Profit before taxation and zakat 70,644 729,007 117,300 500,025 Taxation 10 (31,432) (137,582) (25,143) (102,997) Zakat (3,540) (2,629) (3,540) (2,629) Profit for the year 35,672 588,796 88,617 394,399 Attributable to: Shareholders of the Company 42,381 595,311 88,617 394,399 Non-controlling interests (6,709) (6,515) – – Profit for the year 35,672 588,796 88,617 394,399 Earnings per share Basic (sen) 11 1.9 26.6 Boustead Plantations Berhad 190
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