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Notes to the Financial Statements (cont’d)
For the financial year ended 31 December 2011
6. Interest income
108
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Interest income from:
- Associate and jointly controlled entity 1,772 108 1,772 108
- Subsidiaries – – 3,784 3,426
- Deposits 4,511 904 2,903 275
- Tin sales 6,684 5,362 6,684 5,362
7. Other income/(loss)
Building on Success: Developing Resources for the Future
12,967 6,374 15,143 9,171
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Bad debts recovered 40 – 40 –
Reversal of impairment of receivables (Note 24) – 104 – 104
Other operating income 8,825 8,533 2,587 2,765
(Loss)/Gain on disposal of property, plant and
equipment (825) 20 123 –
Net foreign exchange (loss)/gain (5,669) 6,115 (6,220) 5,498
Fair value changes in financial assets:
- Interest rate swap 510 (546) 510 (546)
- Ineffective portion of derivatives designated as
hedging instruments in cash flow hedge (509) 3,751 (509) 212
8. Employee benefits expense
2,372 17,977 (3,469) 8,033
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Wages and salaries 59,350 60,015 20,686 19,958
Social security contribution 311 275 156 146
Contribution to defined contribution plan 4,309 4,206 2,553 2,408
Severance benefits (Note 27) 9,915 8,544 – –
Other benefits 2,960 1,850 1,542 1,401
76,845 74,890 24,937 23,913
The employee benefits expense includes directors’ salaries and emoluments as disclosed in Note 4.