Financial Statements Financial Statements Press Metal Aluminium Holdings Berhad 262 263 Integrated Annual Report 2023 Notes to the Financial Statements Notes to the Financial Statements 20. FINANCE INCOME Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Interest income of financial assets calculated using the effective interest method that are at amortised cost 20,621 6,847 103,598 107,712 Other finance income 3,176 3,074 3,811 23,250 23,797 9,921 107,409 130,962 21. FINANCE COSTS Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Interest expense of financial liabilities that are not at fair value through profit or loss: - amortisation of transaction costs 4,188 5,217 1,770 1,770 - interest paid and payable 211,585 201,187 164,024 136,900 215,773 206,404 165,794 138,670 Interest expense on lease liabilities 9,006 9,643 - - Other finance costs 20,603 25,943 7 9 245,382 241,990 165,801 138,679 Recognised in profit or loss 242,475 241,990 165,801 138,679 Capitalised on qualifying assets: - property, plant and equipment (Note 3) 2,907 - - - 245,382 241,990 165,801 138,679 22. PROFIT BEFORE TAX Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Profit before tax is arrived at after charging/ crediting: Auditors’ remunerations Audit fees: - KPMG PLT 1,587 1,512 325 315 - Overseas affiliates of KPMG PLT 100 91 - - - Other auditors 867 848 - - Non-audit fees: - KPMG PLT 67 128 22 20 - Local affiliates of KPMG PLT 505 645 - - - Other professional audit firms 703 615 - - Material expenses Depreciation of property, plant and equipment 654,911 551,384 10 13 Depreciation of right-of-use assets 30,326 30,555 - - Depreciation of investment properties 1,558 2,141 - - Impairment loss on investment in a subsidiary - - - 7,128 Personnel expenses (including key management personnel): - Contributions to Employees’ Provident Fund 29,348 25,474 3,247 2,456 - Wages, salaries and others (Note a) 483,437 467,243 37,120 28,955 Material income Dividend income from subsidiaries - - 692,400 543,600 Dividend income from an associate - - 43,470 2,148 Note a The Group or the Company leases a number of properties, machineries and forklifts with contract terms of not more than 1 year. The Group or the Company has elected not to recognise right-of-use assets and lease liabilities for these leases.
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