Change - S P Setia Berhad

125
S P Setia Berhad Group
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2008
36. PROFIT/(LOSS) FROM OPERATIONS
Group
Company
2008 2007 2008 2007
RM’000 RM’000 RM’000 RM’000
Profit/(Loss) from operations is stated after charging:
Auditors’ remuneration
– current year 538 504 70 65
– special audit 3 – – –
– underprovision in prior years 33 20 5 –
Bad and doubtful debts 835 734 – –
Bad debt written off 65 – – –
Depreciation
– property, plant and equipment 9,152 6,804 103 155
– investment properties 1,487 124 2 2
Amortisation of prepaid lease payments 10 9 10 9
Direct operating expenses on
– revenue generating investment properties 47 102 2 6
– non-revenue generating investment properties 418 158 17 6
Directors’ remuneration
– company’s directors
– emoluments other than fees 21,709 14,957 21,709 14,957
– subsidiaries’ directors
– fees 28 27 – –
– other emoluments 6,529 4,896 580 1,450
Ex-gratia for a former director 1,000 – 1,000 –
Goodwill on acquisition written off 19 3 – –
Property, plant and equipment written off 5,754 3 – –
Development expenditure written off 129 – – –
Hiring charges 99 60 – –
Rental of
– office equipment 88 75 59 69
– premises 1,332 634 217 236
– motor vehicles 126 10 – –
Foreign exchange loss
– realised 4 4 – –
– unrealised 46 – – –
Preliminary expenses 30 15 – –
Waiver of liquidated ascertained damages on late
completion receivable from contractor 1,684 350 – –
and crediting:
Allowance for doubtful debts no longer required 208 65 – –
Interest income 5,919 5,184 697 82
Gain on disposal of property, plant and equipment 675 743 22 166
Realised foreign exchange gain 46 – – –
Rental received from operating leases other than those
relating to investing properties 417 495 – 7
Liquidated ascertained damages on late completion
receivable from contractor 1,279 614 – –