NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 32. (NET REVERSAL OF IMPAIRMENT LOSSES)/NET IMPAIRMENT LOSSES ON FINANCIAL ASSETS THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Impairment losses:- - trade receivables (Note 15) 42 – – – - other receivables (Note 12(c)) 3,271 3,042 – – - amount owing by subsidiaries (Note 13) – – 12,531 12,440 Reversal of impairment losses: - other receivables (Note 12(c)) (12,111) – – – (8,798) 3,042 12,531 12,440 33. PROFIT BEFORE TAXATION THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Profit before taxation is arrived at after charging/(crediting):- Auditors’ remuneration - audit fees: - current year: - Crowe Malaysia PLT 599 572 70 70 - other auditors 131 142 – – - (over)/under provision in prior year: - other auditors (10) 32 – – - non-audit fees: - Crowe Malaysia PLT 8 8 8 8 Bad debts written off 5 – – – Depreciation: - property, plant and equipment (Note 7) 8,632 9,320 – – - investment properties (Note 8) 1 1 – – - right-of-use assets (Note 9) 1,157 930 – – Directors’ remuneration (Note 39) 39,062 32,472 713 452 Incorporation fees – 3 – – Interest expense on financial liabilities that are not at fair value through profit or loss: - bank overdrafts 240 1,089 71 120 - non-controlling interest shareholders 1,272 1,162 – – - finance charges 271 375 – – - inter-company – – 9,184 5,430 - term loan 2,754 6,383 – – - revolving credit 350 482 – – - sukuk interest – – 2,787 7,483 4,887 9,491 12,042 13,033 Interest expenses on lease liabilities (Note 23) 195 143 – – Impairment loss: - deposit (Note 12(c)) – 7,000 – – - investment in a subsidiary – – – 13,130 Lease expense: - short-term lease 25,529 14,237 – – - low value asset 119 170 – – Loss on foreign exchange – realised 1,801 2,387 – – FINANCIAL STATEMENTS 189 INTEGRATED ANNUAL REPORT 2024
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