176 MKH BERHAD | ANNUAL REPORT 2023 6. PROFIT BEFORE TAX The Group The Company 2023 2022 2023 2022 RM RM RM RM Profit before tax is arrived at after charging: Amortisation of prepaid lease payments (Note 13) 1,524,099 1,527,030 - - Amortisation of intangible assets (Note 12.2) 590,000 - - - Auditors’ remuneration: Statutory audit 850,177 814,729 66,000 60,000 Non-statutory audit 208,000 1,312,100 181,000 398,000 Bad debts written off 15,190 188,067 - - Changes in fair values of: Investment properties (Note 14) 893,000 - - - Other investment (Note 17) 42,324 354,834 - - Biological assets (Note 25) - 577,142 - - Deposit written off 2,000 10,065 - - Depreciation of: Property, plant and equipment (Note 10) 37,516,422 35,646,619 13,409 13,409 Right-of-use asset (Note 11) 322,047 322,047 - - Development expenditure expensed off (Note 18) - 132,958 - - Impairment loss on: Investment in subsidiaries (Note 15) - - - 5,900,000 Loan receivables (Note 20) 17,000 28,000 - - Trade receivables (Note 20) 50,268 15,250 - - Other receivables (Note 20) - 825,934 - - Interest expense: Amount owing to landowner - 170,994 - - Non-controlling interests 639,414 79,364 - - Deferred payment arrangement with contractor - 263,884 - - Lease liability 874,226 860,773 - - Loans and borrowings 18,822,346 18,209,089 6,126,688 5,326,784 Unwinding of discount 3,545,268 5,806,384 - - 23,881,254 25,390,488 6,126,688 5,326,784 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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