Annual Report 2021

CONSOLIDATEDSTATEMENT OF PROFIT OR LOSSANDOTHER COMPREHENSIVE INCOME For the year ended 31 December 2021 40 The United Laboratories International Holdings Limited Annual Report 2021 2021 2020 NOTES RMB’000 RMB’000 Revenue 5 9,703,438 8,772,488 Cost of sales (5,492,391) (4,966,270) Gross profit 4,211,047 3,806,218 Other income 6 155,879 202,350 Other gains and losses, net 7a 19,256 14,617 Selling and distribution expenses (1,633,456) (1,483,868) Administrative expenses (698,335) (742,002) Other expenses 7b (494,954) (353,182) Impairment losses under expected credit loss model, net of reversal 9 (296,559) (65,912) Loss on fair value change of embedded derivative components of convertible bonds 29 – (314,614) Finance costs 8 (60,231) (181,273) Profit before taxation 1,202,647 882,334 Tax expense 11 (213,062) (181,416) Profit for the year 12 989,585 700,918 Other comprehensive income Item that may be reclassified subsequently to profit or loss: Exchange differences arising on translation of foreign operations 475 5,904 Total comprehensive income for the year 990,060 706,822