92 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 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 TAXATION Other than those disclosed elsewhere in the financial statements, the profit before taxation is arrived at: Group Company 2021 2020 2021 2020 RM RM RM RM After charging: Auditors’ remuneration - statutory audit 509,064 480,332 112,270 112,270 - non-audit services 30,118 11,306 5,950 5,950 Bad debts written off 171,179 2,284,555 162 913,853 Interest expense on: - lease liabilities 307,817 867,585 11,529 8,132 - term loans 1,013,692 1,176,366 236,153 - - bankers’ acceptance 11,898 21,230 - - - revolving loans 792,411 - 792,411 - Bank charges 183,941 260,840 - - Loss on foreign exchange: - realised 17,417 42,709 - - - unrealised 86,812 117,689 - 1,701,687 Loss on disposals of: - property, plant and equipment 546,974 - - 111,726 - other investments 271,893 - 271,893 - - financial asset 6,800 - - - Fair value loss on other investments 641,777 95,896 582,668 110,132 And crediting: Dividend income from a subsidiary - - 8,000,000 9,000,000 Gain on disposals of: - property, plant and equipment - 605,159 - - - other investments - 387,963 - 320,425 Gain on reassessment of right-of-use assets - 834 - 834 Gain on lease termination 111,128 - 664 - Gain on foreign exchange: - realised - - 47,168 1,612,921 - unrealised - - 88,177 - Interest income from: - deposits with licensed banks 903,116 1,281,345 48,295 35,750 - other investments 2,372,323 1,777,320 2,260,881 1,503,240
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