4. COST OF SALES Group 2022 RM’000 2021 RM’000 Asset consultancy 77,454 77,202 Healthcare support 1,328,670 1,252,307 Infrastructure services 646,997 500,326 Property and facility solutions 138,811 138,817 Property development: – completed properties held for sale (Note 25) 2,413 11,810 – other costs *(2,710) 1,626 Others 519 – 2,192,154 1,982,088 *Included in other costs relates to reversal of cost which was accrued in prior years. During the year, the amounts of inventories recognised as expenses in cost of sales of the Group for consumables and properties held for sale were RM197.0 million and RM2.4 million (2021: RM193.0 million and RM11.8 million) respectively. 5. OTHER INCOME Included in other income are: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Dividend income from short-term investments 733 656 – – Interest income from: – fixed deposits 3,232 4,437 77 87 – advances to subsidiaries – – 5,414 4,205 License and commission fees from an associate 1,197 1,844 – – Reversal of allowance for ECL on trade and other receivables (Note 22) 3,812 334 16,507 – Fair value adjustment on investment properties (Note 14) 13,323 – – – Fair value gain on short-term investment 174 – – – Bad debt recovered 771 – – – Net foreign exchange gain: – realised 1,172 72 590 26 – unrealised 1,335 – 1,621 – Gain on derecognition of lease – 89 – 89 Accretion of interest on – concession receivables 17,459 18,883 – – – loans and receivables 2,658 975 – – Rental income 147 147 9,821 6,162 6. FINANCE COSTS Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Interest expense on: – bank borrowings 18,176 18,375 12,615 13,511 – loan from a subsidiary – – – 420 – lease liabilities (Note 15) 1,204 1,541 901 1,212 Amortisation of capitalised borrowing cost 135 379 31 125 Commitment fees 457 275 – – Bank charges 797 331 13 6 20,769 20,901 13,560 15,274 7. PROFIT BEFORE TAX AND ZAKAT The following amounts have been charged/(credited) in arriving at profit before tax and zakat: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Employee benefits expense (Note 8) 1,086,589 1,031,140 13,954 68,587 Non-executive directors’ remuneration excluding benefits-in-kind (Note 9) 1,197 1,315 1,197 1,315 Auditors’ remuneration: Statutory audit: – Ernst & Young PLT 964 913 212 210 – other member firms of Ernst & Young Global 444 359 – – – other auditors 66 90 – – Other assurance services 15 14 15 14 Other services 420 70 350 – Loss on liquidation of a subsidiary – 3,875 – 266 Amortisation of intangible assets (Note 17) 25,693 26,698 1,215 5,325 Depreciation of right-of-use assets (Note 15) 13,626 10,883 10,855 7,124 Depreciation of property, plant and equipment (Note 13) 44,241 49,671 1,284 2,964 Net loss/(gain) on disposal of plant and equipment 340 283 – (2) Property, plant and equipment written off (Note 13) 1,365 363 – – Intangible asset written off (Note 17) – 246 – – Allowance for ECL on trade and other receivables (Note 22) 5,375 2,328 – 1,584 Bad debts written off 1,025 8 – – Impairment loss on investment in a subsidiary (Note 18(b)) – – 4,516 40,350 Inventories written off (Note 25) 12,762 – – – Net foreign exchange loss: – realised 1,992 149 560 42 – unrealised 421 136 307 13 Loss on disposal of an associate (Note 19) 251 – – – Tax penalty (Note 44(c)) 1,530 – 1,530 – p.304 p.305 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS Notes to the financial statements For the year ended 31 December 2022 Notes to the financial statements For the year ended 31 December 2022
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