(115,599.1) TOTAL NET ASSETS 61,082.7 60,966.2 46,415.0 46,410.7 EQUITY Share capital 29 12,499.5 12,204.3 12,499.5 12,204.3 Other reserves 30 (6,682.6) (6,463.3) (6,161.8) (5,453.4) Retained profits 53,008.9 52,776.1 40,077.3 39,659.8 CAPITAL AND RESERVES ATTRIBUTABLE TO OWNERS OF THE COMPANY 58,825.8 58,517.1 46,415.0 46,410.7 NON-CONTROLLING INTERESTS (‘NCI’) 7(b) 2,256.9 2,449.1 0 0 TOTAL EQUITY 61,082.7 60,966.2 46,415.0 46,410.7 The notes set out on pages 213 to 362 form an integral part of these consolidated financial statements. TENAGA NASIONAL BERHAD Integrated Annual Report 2023 204 The notes set out on pages 213 to 362 form an integral part of these consolidated financial statements. Group Company Note 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Revenue 31 53,066.9 50,867.7 48,456.7 46,879.7 Imbalance Cost Pass-Through (‘ICPT’) under recovery 32 10,598.2 22,315.3 10,213.4 21,942.2 Operatingexpenses 33 (57,371.1) (64,612.1) (51,543.4) (61,193.1) Net reversal/(loss) on impairment of financial instruments 45 114.7 (101.4) 133.3 10.2 Other operating income 35 948.2 940.0 909.3 1,054.8 Operating profit 7,356.9 9,409.5 8,169.3 8,693.8 Foreign exchange loss 36 (209.5) (223.5) (51.7) (328.2) Share of results of joint ventures 8 18.1 21.0 0 0 Share of results of associates 9 44.3 76.6 0 0 Profit before finance cost 7,209.8 9,283.6 8,117.6 8,365.6 Finance income 37 544.3 277.7 688.2 420.9 Finance cost 37 (4,331.1) (4,343.4) (5,468.7) (5,451.4) Fair value changes of financial instruments 37 (49.4) 130.7 (1.1) (15.2) Profit before taxation and zakat 3,373.6 5,348.6 3,336.0 3,319.9 Taxation and zakat 38 (770.0) (1,791.2) (381.0) (894.1) Profit for the financial year 2,603.6 3,557.4 2,955.0 2,425.8 Profit attributable to: - Owners of the Company 2,770.3 3,463.3 2,955.0 2,425.8 - Non-controlling interests (166.7) 94.1 0 0 Profit for the financial year 2,603.6 3,557.4 2,955.0 2,425.8 Sen Sen Earnings per share: - Basic 39 48.00 60.35 - Diluted 39 47.79 59.98 CONSOLIDATEDSTATEMENTOF