MKH Annual Report 2019

138 A N N U A L R E P O R T 2 0 1 9 6. PROFIT BEFORE TAX The Group The Company 2019 2018 2019 2018 RM RM RM RM (Restated) Profit before tax is arrived at  after charging: Amortisation of prepaid  lease payments 1,513,413 1,509,763 - - Auditors’ remuneration:  Audit services 607,149 539,438 52,000 50,000  Other services by   auditors of the Company 15,900 35,000 15,900 15,000 Bad debts written off 88,742 216,368 980 - Changes in fair value of  biological assets 1,170,893 - - - Changes in fair value of  investment properties 6,180,000 317,000 - - Deposits written off - 2,000 - - Depreciation of property,  plant and equipment 36,697,383 34,707,953 18,794 19,573 Interest expense:  Loans and borrowings 39,244,186 30,905,456 7,192,376 3,216,910  Unwinding of discount 1,145,764 3,343,748 - - Inventories written down 137,658 940,057 - - Inventories written off 20,995 2,193 - - Impairment loss on:  Finance lease receivables - 890 - -  Loan receivables 116,286 - - -  Trade receivables 626,174 77,374 - -  Other receivables 4,531,362 - - - Land donation - 9,461,450 - - Net losses on foreign  exchange:  Realised - 3,949,785 - -  Unrealised - 36,440,727 23,650 - Personnel expenses  (including key management personnel):  Contributions to Employees   Provident Fund 6,297,817 6,234,943 - -  Provision for post-employment   benefit obligations 10,117,286 1,497,090 - -  Wages, salaries and others 55,987,896 57,147,728 245,681 291,881 Property, plant and  equipment written off 91,893 1,344,910 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019