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Hi! I would like to know which figure is the net profit for this income statement? Isn't negative 501 for the year 2019? I know
Hi! I would like to know which figure is the net profit for this income statement? Isn't negative 501 for the year 2019? I know that net profit is revenue minus expenses. But does they include taxes?
Consolidated Statement of Profit or Loss and Other Comprehensive Income Year ended June 30, 2020 Group Note 2020 $'000 2019 $'000 23 24 Revenue Cost of sales Gross profit Other operating income Distribution costs Administrative expenses Other operating expenses Loss allowance on trade receivables Finance costs Profit (Loss) before income tax Income tax credit (expense) Profit (Loss) for the year 19,873 (10,179) 9,694 1,390 (2,632) (6,658) (318) (181) (73) 1,222 42 22,055 (11,010) 11,045 463 (3,123) (7,194) (1,544) (49) 25 26 27 (402) (99) (501) 1,264 Other comprehensive (loss) income: Item that will not be reclassified subsequently to profit or loss Net fair value (loss) gain in equity instruments designated as at FVTOCI arising during the year (67) 116 35 Items that may be reclassified subsequently to profit or loss Net fair value gain in debt instruments measured at FVTOCI arising during the year Exchange differences arising on translation of foreign subsidiaries Financial assets at FVTOCI: Reclassification of fair value adjustment loss from debt securities equity on disposal (1) 12 (68) 1,196 (1) 162 (339) Total comprehensive income (loss) for the year Profit (Loss) per share (cents) Basic 28 1.23 (0.49) See accompanying notes to financial statementsStep by Step Solution
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