notes to the financial statements - Food Empire Holdings Limited

NOTES TO THE FINANCIAL STATEMENTS (cont’d)
For the year ended 31 December 2012
8. Profit before taxation
The following items have been included in arriving at profit before taxation:
Group
2012
US$’000
2011
US$’000
Audit fees paid to
- Auditors of the Company 149 111
- Other auditors 163 98
Non-audit fees paid to
- Other auditors 12 53
Directors’ fee
- Directors of the Group 268 230
Foreign exchange (gain)/loss (585) 812
Other operating expenses/(income)
- (Gain)/loss on disposal of property, plant and equipment (19) 15
- Allowance for doubtful receivables 349 286
- Inventories written down 38 437
- Advertising and promotion expenses 35,799 35,008
- Legal and professional fees 2,142 1,450
9. Taxation
Major components of income tax expenses
The major components of income tax expenses for the years ended 31 December 2012 and 2011 are:
Group
2012
US$’000
2011
US$’000
Consolidated income statement
Current income tax
- Current income taxation 1,591 1,738
- Overprovision in respect of prior years (393) (196)
1,198 1,542
Deferred income tax
- Origination and reversal of temporary differences 78 (190)
Income tax expenses recognised in profit or loss 1,276 1,352
90