NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 9. (LOSS)/PROFIT BEFORE TAX (CONT’D.) The following amounts have been included in arriving at (loss)/profit before tax: (cont’d.) Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Fair value (gain)/loss on quoted shares (31,276) 1,516 – – Impairment loss on: - property, plant and equipment (Note 14) – 14,437 – – - trade and other receivables 3,327 1,846 – – - intangible assets (Note 22) – 1,662 – – Property, plant and equipment written off 2,845 31 – – Loss on lease termination – 568 – – Loss/(gain) on disposal of: - property, plant and equipment 3,053 397 – – - investment property1 254,509 (990) – – Net loss/(gain) on foreign exchange: - realised 482 77 – – - unrealised (2,670) 2,600 – – Inventories written down 141,245 119,699 – – Bad debts written off 824 853 – – Direct operating expenses arising from investment properties 17,063 17,655 – – Management fees charged by a subsidiary (Note 36(a)) – – 8,188 7,123 Expenses relating to short-term leases 282 240 – – Expenses relating to low-value assets 187 181 – – Included in auditors’ remuneration of the Company amounting to RM144,000 (2023: RM144,000) is borne and paid by the Company on behalf of its subsidiaries. 1 This relates to the loss on disposal of Tropicana Gardens Mall during the financial year, as disclosed in Note 43(j). 10. EMPLOYEE BENEFITS EXPENSES Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Salaries, bonus and other emoluments 92,624 126,205 13,351 7,759 Contributions to defined contribution plan 12,005 14,148 1,052 500 Other benefits 37,714 40,893 2,036 1,573 Total employee benefits expenses (Note 9) 142,343 181,246 16,439 9,832 Less: Amount included in cost of sales (26,489) (62,698) (14,771) (8,081) Included in administrative expenses 115,854 118,548 1,668 1,751 Included in employee benefits expenses of the Group and of the Company are directors’ remuneration amounting to RM28,098,000 (2023: RM20,042,000) and RM10,782,000 (2023: RM7,060,000) respectively as disclosed in Note 11. ANNUAL REPORT 2024 266
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