MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 204 5. PROFIT BEFORE TAXATION The following amounts have been included in arriving at profit before taxation: Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Amortisation of intangible assets (Note 14) 9,424 17,675 - - Intangible assets written off - 54,631 - - Amortisation of prepaid lease payments on land and buildings (Note 13) 7,223 7,518 129 108 Auditors' remuneration: Auditors of the Corporation: - Statutory audits 3,948 3,741 765 765 - Other services 1,290 340 1,060 59 Charter hire expenses 884,104 1,075,054 918 60,375 Provisions (Note 25(c)) 45,512 226,025 45,512 218,197 Inventories used (Note 20) 932,475 812,854 68,819 119,953 Loss from remeasurement of previously held interest in joint ventures - 42,534 - - Exchange loss: - Realised 11,482 90,303 14,666 24,503 - Unrealised 67,348 40,746 52,808 10,739 Impairment loss for: - Trade receivables (Note 21) 190,125 201,400 126,643 4,691 - Other receivables - 67,654 - 67,654 Bad debts written off 17,805 1,491 17,805 - Write off of finance lease receivables - 276,593 - - Operating lease rental: - Equipment 20,671 67,560 2,974 5,230 - Land and buildings 61,077 51,119 24,093 23,943 Ships, offshore floating assets and other property, plant and equipment (Note 12): - Depreciation 2,055,653 2,004,945 400,366 413,333 - Written off 20,519 20,396 4,224 32,252 Impairment provisions (Note 5(a)) 687,493 358,657 359,564 9,433 Loss on liquidation of a subsidiary 16,655 - - - Staff costs (Note 6) 1,132,963 1,561,381 239,308 316,906 Non-executive directors' remuneration (Note 7) 1,274 1,343 630 719