NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 33. PROFIT BEFORE TAXATION (CONT’D) THE GROUP THE COMPANY 2023 RM’000 2022 RM’000 (RESTATED) 2023 RM’000 2022 RM’000 Profit before taxation is arrived at after charging/(crediting) (Cont’d):- Interest expense on financial liabilities that are not at fair value through profit or loss: - bank overdraft 1,089 274 120 * - non-controlling interest shareholders 1,162 1,078 - - - finance charges 375 9 - - - inter-company - - 5,430 6,296 - term loan 6,383 8,580 - - - hire purchase - 14 - - - revolving credit 482 1,331 - - - Sukuk interest - 4,865 7,483 9,841 9,491 16,151 13,033 16,137 Impairment loss: - deposit 7,000 - - - - trade receivable - 11 - - - other receivable 3,042 - - - - property, plant and equipment - 11,963 - - - loan to subsidiaries - - 12,440 94,500 - investment in a subsidiary - - 13,130 30,384 Interest expenses on lease liabilities (Note 23) 143 129 - - Loss on foreign exchange – realised 2,387 20 - - Lease expense: - short-term lease 14,237 9,121 - - - low value asset 170 172 - - - variable lease payments 1,159 - - - Property, plant and equipment written off 703 - - - Property development cost written off 3,229 5,579 - - Staff cost (including other key management personnel as disclosed in Note 40): - short-term employee benefits 51,241 51,294 - - - long-term employee benefits 599 565 - - - defined contribution benefits 5,964 6,058 - - - others 4,655 4,694 - - 62,459 62,611 - - INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 204 FINANCIAL STATEMENTS
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