Integrated Annual Report 2021

4. OTHER OPERATING INCOME Group Corporation 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Rental income 74 61 – – Exchange gain: Realised 499 7,981 898 9,130 Unrealised 21,498 9,260 22,767 12,043 Management services: Subsidiaries – – 1,884 2,601 Joint ventures 3,951 9,301 3,951 9,301 Dividend income from equity investment: Subsidiaries – – 1,322,063 1,382,324 Joint ventures – – 219,239 221,371 Quoted equity investments 1,289 1,074 1,289 1,074 Unquoted equity investments 637 13 637 13 Writeback of impairment loss on: - Trade and other receivables (Note 22) 1,195 – 2,507 136 - Finance lease receivables (Note 20(d)) 2,929 8,878 1,222 814 Cadet course fees 9,355 11,845 – – Government grants* – 7,790 – – Fair value gain in other investments 10,399 – 10,399 – Contract compensation 184,686 – – – Miscellaneous income from: Subsidiaries – – 11,770 13,692 Fellow subsidiaries 24,693 15,544 21,189 – Third parties 108,210 69,934 12,439 16,287 369,415 141,681 1,632,254 1,668,786 * In the previous financial year, in response to the COVID-19 pandemic, the Government of Singapore introduced Jobs Support Scheme (“JSS”) as a wage support to employers to retain their local employees during this period of economic uncertainty. The grant was recognised in profit or loss as the related wages and salaries were recognised. 5. PROFIT/(LOSS) BEFORE TAXATION The following amounts have been included in arriving at profit/(loss) before taxation: Group Corporation 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Amortisation of intangible assets (Note 16) 22,603 5,884 – – Amortisation of prepaid lease payments on land and buildings (Note 15) 7,135 7,359 99 100 Amortisation of upfront fees for borrowings (Note 20(c)) 27,010 21,531 – – Auditors’ remuneration: Auditors of the Corporation: - Statutory audits 5,155 4,888 849 824 - Other services 1,213 1,013 484 769 Inventories used (Note 21) 670,195 737,274 39,616 – Fair value loss in other investments – 6,953 – 6,953 Exchange loss: - Realised 14,795 19,726 11,023 12,745 - Unrealised 5,955 4,355 7,758 7,295 Impairment loss for: (Note 22) - Trade and other receivables 65,336 34,563 52,679 13,915 - Other non-current assets 4,369 – – – Bad debts written off 203 6,120 – – Operating lease rental:* - Ships 191,058 177,196 – – - Equipment 25,471 18,578 3,615 2,993 - Land and buildings 20,739 23,854 4,457 2,639 Ships, offshore floating assets, other property, plant and equipment and right-of-use assets: (Note 14) - Depreciation 1,949,088 2,090,970 372,373 366,673 - Written off 8,295 23,639 415 95 Impairment provisions (Note 5(a)) 111,910 331,376 57,961 37,071 Staff costs (Note 6) 1,668,512 1,775,287 323,883 270,419 Non-executive directors’ remuneration (Note 7) 2,205 1,739 1,664 1,185 Changes in fair value of hedging derivatives 1,300 3,235 – – * The Group leases ships, equipment, land and buildings. These leases are short term and/or leases of low-value assets. The Group has elected not to recognise right-of-use assets and lease liabilities for these leases. NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 344 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 345 FINANCIAL STATEMENTS FINANCIAL STATEMENTS

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