EXCEL FORCE MSC BERHAD Annual Report 2018

100 ANNUAL REPORT 2018 24. Profit before Tax Profit before tax is derived after charging/(crediting) amongst other, the following items: Group Company 2018 2017 2018 2017 RM RM RM RM Auditors’ remuneration - statutory audit 56,000 53,500 51,500 50,500 - non-statutory audit 5,000 9,500 5,000 9,500 Impairment losses on trade receivables 101,949 12,208 80,641 - Reversal of impairment losses on trade receivables (17,657) - - - Depreciation of property, plant and equipment 826,610 968,452 815,346 949,317 Non-executive Directors’ fee 151,000 144,000 151,000 144,000 Rental of premises 363,074 30,256 363,074 30,256 Interest income from: - deposits with licensed banks (43,389) (30,513) (36,923) (30,513) - short term funds (769,945) (531,957) (769,945) (531,957) - amount due from a subsidiary company - - (90,672) (88,429) Property, plant and equipment written off 162,538 - 162,538 - Rental income (385,678) (35,000) (385,678) (35,000) (Gain)/Loss on disposal of: - property, plant and equipment (21,998) 30,610 (22,207) 30,610 - assets held for sale (2,283,796) - (2,283,796) - Loss/(Gain) on foreign exchange - realised 12,357 (44,605) 12,366 (44,605) - unrealised (4,395) 89,134 (4,395) 89,134 25. Taxation Group Company 2018 2017 2018 2017 RM RM RM RM Tax expenses recognised in profit or loss Current tax provision 1,272,890 1,749,881 1,271,340 1,749,881 Under provision in prior years 41,697 65,350 41,697 64,909 1,314,587 1,815,231 1,313,037 1,814,790 Deferred tax: Relating to reversal of temporary differences - (8,592) - (8,592) Over provision in prior years (37,042) (17,379) (37,042) (17,379) (37,042) (25,971) (37,042) (25,971) 1,277,545 1,789,260 1,275,995 1,788,819 Notes To The Financial Statements 31 December 2018 (cont’d)