200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 6. Finance costs 2021 2020 2021 2020 RM RM RM RM Interest expense on: - bank loan, bank overdrafts, invoice financing and bankers' acceptance 12,806,538 15,369,828 600,575 - - hire purchase arrangements 2,230,438 3,442,109 - - - advance from a subsidiary - - 142,119 - - advance from corporate shareholder of a subsidiary 254,597 - - - - advance from joint venture 158,568 128,321 - - - lease liabilities (Note 24) 260,438 375,807 - - Unwinding of discount on payables 143,784 2,425,711 - - 15,854,363 21,741,776 742,694 - Less: Interest expenses capitalised in development properties (Note 19) (1,026,958) (3,285,905) - - 14,827,405 18,455,871 742,694 - 7. Profit before tax The following items have been included in arriving at profit before tax: 2021 2020 2021 2020 RM RM RM RM Auditors' remuneration - statutory audits 236,085 195,679 43,000 43,000 - underprovision in prior years 7,000 - - - - other services 5,000 5,000 5,000 5,000 Allowance for impairment on trade receivables (Note 21) 2,919,132 3,286,616 - - Reversal of allowance for impairment on trade receivables (Note 21) (597,988) (821,305) - - Bad debts written off - 856,752 - - Bad debts recovered (593,541) (238,018) - - Group Company Group Company - 55 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 115
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