MKH Annual Report 2018

123 MKH Berhad Annual Report 2018 6. PROFIT BEFORE TAX The Group The Company 2018 2017 2018 2017 RM RM RM RM Profit before tax is arrived at after charging: Amortisation of prepaid lease payments 1,509,763 1,530,438 - - Amortisation of biological assets 14,977,744 16,719,899 - - Auditors’ remuneration: Audit services 539,438 527,426 50,000 50,000 Other services by auditors of the Company 35,000 34,000 15,000 15,000 Bad debts written o 216,368 - - - Biological assets written o 1,130,667 4,775,926 - - Changes in fair value of investment properties 317,000 - - - Deposits written o 2,000 5,600 - - Depreciation of property, plant and equipment 19,428,065 20,055,373 19,573 19,573 Interest expense: Loans and borrowings 30,905,456 40,573,385 3,216,910 4,656,946 Unwinding of discount 3,343,748 6,991,161 - - Inventories written down 940,057 - - - Inventories written o 2,193 161,778 - - Impairment loss on: Finance lease receivables 890 - - - Trade receivables 77,374 59,906 - - Other receivables - 2,000 - - Land donation 9,461,450 - - - Net losses on foreign exchange: Realised 3,949,785 6,717,756 - - Unrealised 36,440,727 7,180,903 - - Personnel expenses (including key management personnel): Contributions to Employees Provident Fund 6,234,943 6,338,677 - - Provision for post-employment benefit obligations 1,497,090 832,705 - - Provision for retirement gratuity - 587,866 - - Wages, salaries and others 57,147,728 56,314,358 291,881 319,082 Property, plant and equipment written o 214,243 23,660 - 1 Rental of motor vehicles, equipment and machinery 1,029,691 733,137 - - Rental of premises 66,744 54,332 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018