5.4 2021 5.0 2018 7.9 2020 4.9 2022 4.8 2023 2,770 2023 61,770 2023 4.3 REVENUE (RMMILLION) TOTALASSETS (RMMILLION) GEARING (%) 2019 50,940 2021 (Restated) 48,120 2018 50,393 2020 43,976 2022 50,868 2019 178,847 2021 182,601 2018 153,695 2020 181,433 2022 205,922 2019 43.4 2021 47.0 2018 44.8 2020 46.3 2022 51.2 2023 53,067 2023 204,744 2023 50.3 SIX-YEAR GROUP GROWTH SUMMARY WE ARE TNB Sec 1 15 TOTAL LIABILITIES AND EQUITIES Trade and Other Payables Contract Liabilities Other Current and Non-Current Liabilities Share Capital Non-Controlling Interests Retained Profits and Reserves Current Taxation Deferred Taxation T otal Borrowings Consumer Deposits Employee Benefits 5.6% 3.7% 5.6% 4.3% 2.6% 17.5% 1.2% 5.9% 22.5% 0.1% 31.0% 6.3% 4.0% 6.1% 4.4% 2.8% 6.2% 16.6% 1.1% 22.0% 0.1% 30.4% OUR INVESTMENT CASE SIMPLIFIED GROUPSTATEMENT OF FINANCIAL POSITION TOTAL ASSETS Property, Plant and Equipment Trade and Other Receivables Inventories Deposits, Bank and Cash Balances Other Assets 9.5% 1.3% 24.5% 5.1% 59.6% 2.4% 1.6% 28.3% 11.1% 56.6% 2022 2023 2022 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 16 OUR INVESTMENT CASE 31.12.2023 31.12.2022 VALUE ADDED (RM Million) Revenue 53,066.9 50,867.7 Imbalance Cost Pass-Through (ICPT) under recovery 10,598.2 22,315.3 Operating expenses excluding staff cost and depreciation (42,219.6) (49,411.5) Net reversal/(loss) on impairment of financial instruments 114.7 (101.4) Other operating income 948.2 940.0 Finance income 544.3 277.7 Finance cost (4,331.1) (4,343.4) Fair value changes of financial instruments (49.4) 130.7 Foreign exchange loss (209.5) (223.5) Share of results of associates and joint ventures 62.4 97.6 Value added available for distribution 18,525.1 20,549.2 DISTRIBUTION (RM Million) T o employees: Staff cost 3,885.8 3,798.1 T o the Government: Taxation and zakat 770.0 1,791.2 T o shareholders: Dividends 2,537.5 2,181.3 Non-controlling interests (166.7) 94.1 T o reinvest in the Group: Depreciation 11,265.7 11,402.5 Retained profits 232.8 1,282.0 Total