MKH Annual Report 2020

138 FINANCIAL STATEMENTS ANNUAL REPORT 2020 6. PROFIT BEFORE TAX The Group The Company 2020 RM 2019 RM 2020 RM 2019 RM Profit before tax is arrived at  after charging: Allowance for slow moving  inventories - 45,180 - - Amortisation of prepaid lease  payments 1,507,568 1,513,413 - - Auditors’ remuneration:  Audit services 568,475 607,149 52,000 52,000  Other services by auditors of the  Company 49,000 15,900 35,000 15,900 Bad debts written off 12,853 88,742 - 980 Changes in fair value of biological  assets 913,440 1,170,893 - - Changes in fair value of  investment properties 12,165,000 6,180,000 - - Depreciation of property, plant  and equipment 36,411,827 36,697,383 16,950 18,794 Depreciation of right-of-use asset  (Note 11) 322,048 - - - Fair value losses from transfer  of inventories to investment properties 5,180,808 - - - Impairment loss on:  Loan receivables 21,000 116,286 - -  Trade receivables 10,707 626,174 - -  Other receivables - 4,531,362 - -  Investment in subsidiaries - - 2,712,412 - Interest expense:  Lease liability (Note 11) 830,308 - - -  Loans and borrowings 30,567,759 39,244,186 7,505,756 7,192,376  Unwinding of discount 18,990,966 1,145,764 - - Inventories written down 174,531 137,658 - - Inventories written off 4,493 20,995 - - Land held for property  development written off 233,677 - - - Net losses on foreign exchange:  Realised 3,446,577 - - -  Unrealised 13,939,628 - - 23,650