My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 198 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 37. PROFIT BEFORE TAXATION (CONT’D) The Group The Company 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 1.1.2020 to 31.12.2020 1.10.2018 to 31.12.2019 RM’000 RM’000 RM’000 RM’000 Profit before taxation is arrived at after charging/(crediting) (Cont’d):- Impairment loss on: - investment in an associate (Note 6) - - - 400 Interest expense on financial liabilities that are not at fair value through profit or loss: - revolving credit 740 929 691 717 - term loans 6,074 7,331 6,074 7,331 - block discounting 1,147 245 - - Interest expense on lease liabilities (Note 26) 304 659 24 67 Inventories written down (Note 15) 69 31 - - Loss/(Gain) on foreign exchange: - realised 28 (58) - - - unrealised (56) (1) (4) 5 Lease expenses: - short-term leases 407 2,407 51 396 - low-value assets 157 139 85 48 - rental of equipment 253 248 43 74 - rental of parking - 7 - - Share of losses in associates 937 1,147 - - Share of losses in joint ventures 699 1,398 - - Staff costs: - salaries and other benefits 85,705 114,475 8,922 13,450 - defined contribution benefits 9,431 12,901 904 1,367 Dividend income from a subsidiary - - (300,000) (300,000) Gain on disposal of equipment (9) (72) - - Gain on disposal of right-of-use assets (110) - - - Gain on modification of leases (75) - (2) - Gain on partial disposal of an other investment - (3,553) - - Interest income on financial assets measured at amortised cost: - fixed deposits with licensed banks (493) (1,142) (63) (623) - a subsidiary - - (12,218) (10,309) Liquidated ascertained damages charged to a developer - (8,376) - (8,376) Rental income from investment properties (1,533) (3,219) (4,923) (7,771) Reversal of inventories previously written down (Note 15) (17) (52) - -