204 YINSON HOLDINGS BERHAD ACCOUNTABILITY 8. OTHER INCOME (CONTINUED) Included in write-back of deposit received in previous financial year relates to termination of an anticipated FPSO project of RM39 million. The Group has paid RM69 million for the exclusivity option to secure a vessel and in turn, has received RM108 million as part of an exclusivity agreement with the customer to secure the said vessel. 9. ADMINISTRATIVE EXPENSES Included in administrative expenses are: Group Company 2025 RM million 2024 RM million 2025 RM million 2024 RM million Auditors’ remuneration: Fees for statutory audits - PricewaterhouseCoopers PLT 2 2 1 1 - Member firms of PricewaterhouseCoopers International Limited 6 5 - - Fees for non-audit services - PricewaterhouseCoopers PLT 1 1 - - - Member firms of PricewaterhouseCoopers International Limited 2 2 - - Other professional fees 65 41 9 10 Amortisation of intangible assets (Note 19) 7 7 2 2 Depreciation of property plant and equipment 52 46 6 7 Impairment loss on: - trade receivables (Note 25(a)) * 1 - - - amounts due from subsidiaries (Note 25(a) & 25(b)) - - * 13 - investment in an associate (Note 22) * 6 - - - investment in subsidiaries (Note 20) - - * 3 - property, plant and equipment (Note 17) * 24 - - Operating leases – Rental for land and buildings 2 3 - - Property, plant and equipment written off (Note 17) * 1 - - Upkeep and maintenance expenses 33 23 15 13 Travelling expenses 30 20 6 8 Withholding taxes 90 41 1 1 Hedging costs 19 35 - - Net loss on foreign exchange * - * 13 Insurance 11 7 5 3 Management fees - - 27 2 Employee benefits expenses (Note 10) 311 198 57 68 * Amounts for the financial year ended 31 January 2025 are disclosed in Note 12.
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