Financial Year Ended 31 December 2019 2018 2017 2016 2015
No. of Months 12 12 12 12 12
  Audited Audited Audited Audited Audited
  RM'000 RM'000 RM'000 RM'000 RM'000
         
         
Revenue 61,431 50,382 48,276 41,287 36,425
Cost of sales (43,582) (36,000) (34,152) (28,366) (25,112)
Gross Profit 17,849 14,382 14,124 12,921 11,313
         
Other income 165 842 768 614 89
Selling and distribution expenses (2,094) (1,569) (1,599) (1,551) (1,116)
Administrative expenses (5,229) (3,153) (2,156) (2,016) (1,823)
Other expenses (120) (1,753)* (912) (258) (160)
Finance income 178 - - - -
Finance costs (308) (316) (83) (116) (199)
Profit Before Taxation 10,441 8,433 10,142 9,594 8,104
Tax expense (2,373) (2,204) (2,282) (2,120) (910)
Profit After Taxation 8,069 6,229 7,860 7,474 7,194
         
Other Comprehensive Income:  
Realisation of revaluation reserve upon depreciation of revalued assets 166 - - - -
Transfer of revaluation reserve to retained earnings (166) - - -
Other comprehensive income - 7,514* - - -
Total Comprehensive Income For The Financial Period / Year 8,069 13,743 7,860 7,474 7,194
         
Profit After Tax Attributable To:        
Owners of the Company 8,069 6,229 7,860 7,474 7,194
Non-controlling interests - - - - -
8,069 6,229 7,860 7,474 7,194
         
Total Comprehensive Income Attributable To:          
Owners of the Company 8,069 13,743 7,860 7,474 7,194
Non-controlling interests - - - - -
8,069 13,743 7,860 7,474 7,194
         
Earnings Per Share (sen)          
Basic 4.35 2.00(1) 2.50(1) 2.40(1) 2.30(1)
Diluted 0.00 1.50(2) 1.90(2) 1.80(2) 1.70(2)

Notes:

* During FYE 2018, the Group undertook a revaluation of its properties to determine its fair value for the Acquisition of Spring Art. Resulting from the revaluation, the Group recorded a revaluation gain of RM7.5 million (for Land 1 and Land 2) and a revaluation loss of RM1.5 million (for Land 3 and Investment Land).

(1) Calculated based on the Profit After Taxation (PAT) divided by the share capital of 318,000,000 Shares before the Group's IPO.

(2) Calculated based on the PAT divided by the enlarged share capital of 415,687,000 Shares after the Group's IPO.

# Please read this section in conjunction with Spring Art Holdings Berhad's Prospectus dated 16 October 2019.