My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 166 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) 39. NET IMPAIRMENT LOSSES ON FINANCIAL ASSETS The Group The Company 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 RM’000 RM’000 RM’000 RM’000 Impairment losses: - financing receivables (Note 16) 1,014 549 - - - trade receivables (Note 18) 33 41 - - - amount owing by an associate (Note 21) - 95,450 - 72,750 Reversal of impairment loss on trade receivables (Note 18) (31) (43) - - 1,016 95,997 - 72,750 40. PROFIT BEFORE TAXATION The Group The Company 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 1.10.2018 to 31.12.2019 1.7.2017 to 30.9.2018 RM’000 RM’000 RM’000 RM’000 Profit before taxation is arrived at after charging/ (crediting):- Allowance for impairment loss on goodwill - 95 - - Amortisation of development costs (Note 13) 2,136 2,294 1,228 1,375 Audit fee: - current financial period 359 293 68 60 - underprovision in the previous financial period/year 1 12 3 4 Bad debts written off 49 11 - - Directors’ fee (Note 45) 845 1,058 845 1,058 Directors’ non-fee emoluments (Note 45) 1,700 1,039 - 44 Depreciation: - property and equipment (Note 9) 29,303 29,483 11,610 8,170 - investment properties (Note 10) 817 345 2,899 2,526 - right-of-use assets (Note 11) 7,280 - 1,000 - Equipment written off (Note 9) 558 493 534 421 Impairment loss on: - investment in an associate (Note 7) - - 400 - - equipment (Note 9) - 76,291 - 76,291 Interest expense on financial liabilities that are not at fair value through profit or loss: - hire purchase and finance lease - 343 - - - revolving credit 929 471 717 112 - term loans 7,331 7,094 7,331 7,055 - block discounting 245 - - - Interest expense on lease liabilities (Note 28) 659 - 67 - Inventories written down 31 1 - -