Page 30 - NZPM Annual Report 2020
P. 30
NZPM GROUP LIMITED
Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the year ended 31 March 2020
2020 2019
Note
$’000 $’000
Revenue 246,229 232,281
Cost of goods sold (174,632) (164,485)
Gross profit 71,597 67,796
Other income 5 410 93
Share of net profit of associates 0 141
Administration expenses 6 (9,859) (11,567)
Gain on sale of investment in associate 19 0 475
Other operating expenses 7 (50,484) (45,868)
Operating profit before net finance costs, rebate dividends 11,664 11,070
and dividends paid, and income tax
Net interest expense 8 (3,402) (470)
Rebate dividends and dividends 9 (5,622) (4,826)
Profit before tax 2,640 5,774
Income tax expense 10.1 (2,370) (2,969)
Net profit for the year 270 2,805
Other comprehensive income 0 0
Total comprehensive income 270 2,805
The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.
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NZPM GROUP LIMITED ANNUAL REPORT 2020
