NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 35. PROFIT BEFORE TAX Profit before tax is determined after charging/(crediting), amongst others, the following items: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Auditors’ remuneration - statutory audit 558 497 92 92 - non-audit services 3 3 3 3 Amortisation of development costs 25,103 27,053 8,550 8,000 Bad debts written off 12 2 - - Deposit received forfeited (9) - - - Depreciation of property, plant and equipment 30,042 28,531 9,720 11,017 Depreciation of investment properties 653 653 3,452 2,320 Depreciation of right-of-use assets 7,491 5,738 327 284 Property, plant and equipment written off 276 1,458 - - Fair value loss/(gain) on other investments 3 (45,505) - - Fair value (gain)/loss on digital assets (39) 3 - - Gain on disposal of assets held for sale (3,328) - - - Gain on disposal of property, plant and equipment (358) (654) - - Gain on disposal of associates - (2,846) - - Gain on termination of lease contract (13) (17) - - Interest expense on lease liabilities (recognise as cost of sales) 47 53 - 5 Inventories written down 99 15 - - Lease expenses: - short-term leases (a) 3,809 1,527 508 646 - low-value assets (a) 114 44 48 25 Loss/(Gain) on foreign exchange: - realised 335 # # # - unrealised (1) (3) (1) - Reversal of inventories written down (49) (20) - - Right-of-use assets written off 151 - - - Share of result of associates 1 - - - Share of result of joint ventures (435) (124) - - Interest income (1,017) (312) (8,403) (10,626) # - represents an amount less than RM1,000 (a) The Group and the Company lease various property and equipment with contract terms of not more than one year or value of the asset not more than RM20,000. These leases are short-term lease and leases of low-value assets. The Group and the Company have elected not to recognise ROU assets and lease liabilities for these leases. 234 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) O O
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