MSM Malaysia Holdings Berhad Annual Report 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 11 (LOSS)/PROFIT BEFORE ZAKAT ANDTAXATION – CONTINUING OPERATIONS (Loss)/Profit before zakat and taxation is stated after charging/(crediting): Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 (Restated) (Restated) Cost of raw sugar consumed 1,293,728 1,715,686 - - Changes in inventories of work in progress, refined sugar and molasses 359,794 53,196 - - Inventories written off 1,537 7,631 - - Inventories written down to net realisable value 49,432 - - - Distribution and transport expenses 25,272 20,035 - - Natural gas and fuel consumed 154,003 93,277 - - Property, plant and equipment - Depreciation 78,849 52,091 707 791 - Write offs 1,444 967 264 773 - Gain on disposal of property, plant and equipment - (26) - - - Impairment loss 130,637 1,390 - - Right-of-use assets - Depreciation 3,643 3,509 835 835 - Impairment loss 7,968 - - - Intangible assets - Amortisation 8,722 6,880 1,778 1,485 - Impairment loss 179 - - - - Write offs 1,086 - 1,080 - Amortisation of advance payment 1,508 928 - - Assets held for sale written off 480 - - - Loan modification charge 26,818 - 26,818 - Principal auditors’ remuneration - Audit fee – current year 552 521 161 176 - Audit fee – prior year 7 - 7 - - Other assurance services 284 284 284 284 Other auditors’ remuneration - Audit fee 19 - - - Repair and maintenance 49,393 40,845 1,318 3,237 Tyre expenses 497 515 - - Diesel and fuel 2,303 2,134 - - Staff costs* 77,953 79,312 10,494 11,511 Rental expenses for short term leases and low value assets 4,702 5,639 20 - 161 FINANCIAL STATEMENTS 08