NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
(cont’d)
E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 4
87
25. PROFIT BEFORE TAX
Group
Company
2014
2013
2014
2013
Note
RM
RM
RM
RM
Profit before tax is arrived at
after charging:
Amortisation of product
development costs
8
996,119
969,880
778,826
810,942
Amortisation of intangible assets
-
50,500
-
50,500
Auditors’ remuneration
- statutory
55,500
51,000
46,000
46,000
- other services
6,100
1,500
4,500
1,500
Depreciation of property, plant
and equipment
7
1,414,768
1,164,270
1,373,330
1,140,657
Directors’ remuneration
- fees
321,900
300,000
321,900
300,000
- other emoluments
1,247,914
1,079,571
996,172
850,475
Fair value adjustments on
loans to a subsidiary
-
-
-
160,116
Rental of premises
5,880
11,760
-
-
Impairment loss on trade
receivables
13
-
49,600
-
49,600
Interest expense on:
- hire purchase and finance
lease liabilities
24
8,876
41,008
8,876
41,008
- term loan
24
916
-
916
-
Loss on disposal of property, plant
and equipment
10,018
3,774
10,018
3,774
Product development costs
written off
8
451,304
-
451,304
-
Property, plant and equipment
written off
7
1,622
1
1,449
1
And crediting:
Gain on disposal of long term
leasehold land and building
(1,392,668)
-
(1,392,668)
-
Interest income from:
- short term funds
(317,521)
(703,755)
(317,521)
(703,755)
- deposits with licensed banks
(1,101)
(10,140)
(1,101)
(10,140)
- amount owing by a subsidiary
-
-
(105,743)
(97,404)
- others
(800)
(420)
(95)
(420)
Gain on foreign exchange:
- Realised
(1,187)
(34,605)
(1,187)
(34,605)
- Unrealised
(28,668)
(35,985)
(28,668)
(35,985)
Reversal of impairment loss on
trade receivables
13
-
(40,149)
-
(40,149)
