CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Cahya Mata Sarawak Berhad 130 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 8. PROFIT BEFORE TAX Results from operating activities is arrived at after charging: Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Amortisation of intangible assets (Note 17) 1,399 376 - 24 Amortisation of prepaid land lease payments (Note 14) 764 764 426 426 Auditors’ remuneration: 1,152 841 461 196 - Statutory audit Current year 824 767 150 150 (Over)/under provision in previous years (3) 8 - - - Other services 331 66 311 46 Bad debts written off 23 6 - - Depreciation of property, plant and equipment (Note 13) 60,605 52,836 293 644 Depreciation of investment properties (Note 16) 118 118 - 715 Employee benefits expense (Note 9) 125,375 132,133 7,770 26,345 Impairment loss on: - Amount due from a subsidiary (Note 24) - - 29,140 - - Amount due from an associate (Note 24) 1,972 - - - - Trade and other receivables (Note 24(a)) 1,746 1,200 - - Inventories written down 84 97 - - Inventories written off 117 1,571 - - Loss on liquidation of subsidiaries - 35 - - Minimum operating lease payments on: 15,714 15,141 797 1,468 - Land and buildings 5,837 5,005 797 1,468 - Plant and equipment 7,866 7,645 - - - Wharf 2,011 2,491 - - Non-executive directors’ remuneration (Note 10) 2,574 2,622 2,342 2,410 Project development cost written off (Note 15(b)) - 1,310 - - Property, plant and equipment written off 1,037 101 - - Waiver of amount due from subsidiaries - - 63 -