MSTGOLF Annual Report 2024

187 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 24. FINANCE INCOME AND FINANCE COST Finance income for the reporting period consists of the following:- Group Company 2024 2023 2024 2023 RM ‘000 RM ‘000 RM ‘000 RM ‘000 Finance income Interest income 1,101 933 635 843 Interest income on advances to subsidiaries - - 1,312 593 1,101 933 1,947 1,436 Finance cost Interest expense on:- Bank borrowings 2,926 3,227 - - Lease liabilities 4,117 3,065 - - Amount owing to a subsidiary - - - 55 Loan from a corporate shareholder 230 - - - Unwinding of discount on restoration cost 171 - - - 7,444 6,292 - 55 25. PROFIT BEFORE TAX Profit before tax has been determined after charging/(crediting) amongst other items, the following items:- Group Company 2024 2023 2024 2023 RM ‘000 RM ‘000 RM ‘000 RM ‘000 Auditors’ remuneration related to:- Statutory audit - Grant Thornton Malaysia PLT 118 118 28 28 - Member firm of Grant Thornton International 50 27 - - - Other auditors 101 100 - - Assurance related services - Grant Thornton Malaysia PLT 10 64 10 64 Non-assurance related services - Grant Thornton Malaysia PLT 2 5 - - Other services - Affiliate of Grant Thornton Malaysia PLT 34 33 3 3 Expenses relating to short-term leases 1,510 2,569 - - Rent concession (555) - - - Loss on lease modification 456 - - - Unrealised loss on foreign exchange 534 322 - - Realised loss on foreign exchange 483 912 - -

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