MKH Berhad 139 6. PROFIT BEFORE TAX The Group The Company 2021 2020 2021 2020 RM RM RM RM Profit before tax is arrived at after charging: Amortisation of prepaid lease payments 1,517,601 1,507,568 - - Auditors’ remuneration: Audit services 727,998 568,475 56,000 52,000 Other services by auditors of the Company 112,000 49,000 99,000 35,000 Bad debts written off - 12,853 - - Changes in fair value of biological assets - 913,440 - - Changes in fair value of investment properties 5,015,000 12,165,000 - - Changes in fair value of other investment 39,239 - - - Deposit written off 1,000 - - - Depreciation of property, plant and equipment 36,850,547 36,411,827 13,549 16,950 Depreciation of right-of-use asset 322,047 322,048 - - Development expenditure expensed off 3,418,590 233,677 - - Fair value losses from transfer of inventories to investment properties - 5,180,808 - - Impairment loss on: Loan receivables 73,000 21,000 - - Trade receivables 307,487 10,707 - - Investment in subsidiaries - - - 2,712,412 Interest expense: Amount owing to landowner 729,081 - - - Lease liability 845,204 830,308 - - Loans and borrowings 22,305,149 30,567,759 5,937,334 7,505,756 Unwinding of discount 7,629,544 18,990,966 - - Inventories written down - 174,531 - - Inventories written off 721 4,493 - - Loss on disposal of property, plant and equipment 1,632 - - - Net losses on foreign exchange: Realised - 3,446,577 2,674 - Unrealised - 13,939,628 20,650 - Personnel expenses (including key management personnel): Contributions to Employees Provident Fund 6,039,905 6,750,648 - - Provision for post-employment benefit obligations 2,064,106 3,711,395 - - Provision for retirement gratuity - 403,683 - - Wages, salaries and others 56,300,471 59,483,459 260,540 258,517 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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