NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 35. FINANCE COSTS Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Interest expense of financial liabilities not at fair value through profit or loss - term loans 4,952 4,965 4,952 4,966 - revolving credit 2,124 638 1,582 598 - block discounting 1,021 942 - - - lease liabilities 1,144 171 - - 9,241 6,716 6,534 5,564 36. PROFIT BEFORE TAX Profit before tax is determined after charging/(crediting) amongst others, the following items: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Auditors’ remuneration - statutory audit 497 510 92 92 - non-audit services 3 3 3 3 - underprovision in the previous financial year - other auditor - 17 - - Amortisation of development costs 27,053 22,131 8,000 8,131 (Reversal)/Allowance for expected credit losses: - trade receivables (14) 40 - - - other receivables (2) - - - - financing receivables (423) 239 - - Bad debts written off 2 46 - - Depreciation of property, plant and equipment 28,531 23,056 11,017 11,316 Depreciation of investment properties 653 653 2,320 2,320 Depreciation of right-of-use assets 5,738 4,581 284 530 Fair value loss on digital assets 3 - - - Dividend income from a subsidiary - - (125,000) (1,000) Dividend income from other investments (1,440) (140) - - Equipment written off 1,458 26 - 15 Fair value gain on other investments (45,505) - - - Gain on disposal of an associate (2,846) - - - Gain on disposal of equipment (654) (158) - (29) Gain on modification of leases contract - (1) - - Gain on termination of lease contract (17) - - - Interest expense on lease liabilities (recognise as cost of sales) 53 70 5 17 223
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