GHL System Berhad Annual Report 2020

95 a n n u a l r e p o r t 2 0 2 0 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 5. REVENUE (cont‘d) (e) Management fees Management fees are recognised at a point in time when management service rendered and acceptance by subsidiaries. 6. PROFIT BEFORE TAX Other than those disclosed elsewhere in the financial statements, the profit before tax is arrived at: Group Company 2020 2019 2020 2019 RM RM RM RM After charging: Auditors’ remuneration - statutory audit 480,332 495,760 112,270 112,270 - non-audit services 11,306 28,970 5,950 20,970 Bad debts written off 2,284,555 574,845 913,853 426,343 Interest expense on: - lease liabilities 867,585 1,180,222 8,132 12,801 - term loans 1,176,366 1,224,195 - - - bankers’ acceptance 21,230 204,047 - - - bank overdraft - 148 - - Bank charges 260,840 300,869 - - Loss on foreign exchange: - realised 42,709 273,382 - - - unrealised 117,689 148,939 1,701,687 7,602 Loss on disposal of property, plant and equipment - - 111,726 - And crediting: Dividend income from a subsidiary - - 9,000,000 12,000,000 Gain on disposal of property, plant and equipment 605,159 94,029 - - Gain on disposal of other investments 387,963 2,163,252 320,425 2,152,834 Gain on foreign exchange: - realised - 479,072 1,612,921 201,394 - unrealised - 204,751 - - Interest income from: - deposits with licensed banks 1,281,345 1,578,373 35,750 58,062 - other investments 1,777,320 1,715,669 1,503,240 1,475,495