2003 - KNM Steel Sdn Bhd

KNM GROUP BERHAD (521348-H)INCOME STATEMENTSFOR THE PERIOD/YEAR ENDED 31 DECEMBER 2003GroupCompanyNote 2003 2003 2002RM’000 RM’000 RM’000RevenueContract revenue 64,626 – –Dividend income – 3,000 –Contract costs recognised as an expense (44,242) – –Gross Profit 20,384 3,000 –Administration expenses (9,880) (455) (3)Other operating expenses (2,871) – –Other operating income 1,887 204 –Operating Profit/(Loss) 14 9,520 2,749 (3)Financing costs 16 (1,440) – –Interest income 146 57 –Negative goodwill 20,829 – –Profit/(Loss) before Taxation 29,055 2,806 (3)Tax expense 17 (3,480) (15) –Net Profit/(Loss) for the Year 25,575 2,791 (3)Basic earnings per ordinary share (sen) 18 101.26Dividend per ordinary share - tax exempt (sen) 19 5 5 NilThe notes set out on pages 37 to 57 form an integral part of, and should be read in conjunction with, these financialstatements.2003 ANNUAL REPORT33