Chemical Company of Malaysia Berhad Annual Report 2018

21. PROFIT FOR THE YEAR Group Company 2018 2017 2018 2017 Profit for the year is arrived at after charging:  Auditors’ remunerations:   - Statutory Audit    KPMG PLT 278 520 75 86    Other auditors 90 153 – –   - Other services    KPMG PLT 40 122 40 65  Depreciation of property, plant and equipment 22,923 46,763 3,329 3,499  Impairment loss:   - Property, plant and equipment – 185 – –   - Trade receivables 1,122 2,553 – –   - Amount due from subsidiaries – – 5,272 –   - Investments in subsidiaries – – 2,357 –   - Intangible assets – 1,769 – –   - Provision for obsolete stocks 1,012 – – –  Interest expense:   - Revolving credits 958 2,070 938 1,734   - Bankers’ acceptances 21 201 – –   - Unsecured term loans 17,882 21,710 16,043 19,436   - Others 2,210 6,248 822 648  Net loss on disposal of:   - Property, plant and equipment 28 190 1 –  Personnel expenses (including key management personnel)   - Contribution to Employees Provident Fund 4,956 15,968 1,140 2,636   - Wages, salaries and others 32,295 119,498 6,670 21,259  Property, plant and equipment written off 304 58 – –  Rental expenses in respect of:   - Property leases 2,415 4,097 1,223 1,411   - Property 283 1,722 18 17   - Equipment 293 381 111 237  Research and development costs expensed as incurred – 10,256 – –  Write-down of inventories to net realisable value 1,337 5,924 – –  Realised foreign exchange loss 716 1,133 – –  Unrealised foreign exchange loss 3,839 – 1,649 – 165 CHEMICAL COMPANY OF MALAYSIA BERHAD