Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
Annual Report 2012 - singapore land limited
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Singapore Land Limited - <strong>Annual</strong> <strong>Report</strong> <strong>2012</strong><br />
67<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
For the fi nancial year ended 31 December <strong>2012</strong><br />
7. PROFIT BEFORE INCOME TAX<br />
The following items have been included in arriving at profi t before income tax:<br />
The Group<br />
<strong>2012</strong> 2011<br />
$’000 $’000<br />
Charging/(Crediting):<br />
Auditors’ remuneration paid/payable to:<br />
- Auditor of the Company 399 377<br />
- Other auditor * 21 19<br />
Other fees paid/payable to auditor of the Company 222 200<br />
Wages, salaries and other payroll-related costs 34,654 39,568<br />
Employer’s contribution to defi ned contribution plans 3,892 3,905<br />
Total employee compensation 38,546 43,473<br />
Rental expense – operating leases 258 522<br />
Loss on disposal of property, plant and equipment 358 62<br />
Depreciation of property, plant and equipment 16,674 15,228<br />
Foreign exchange (gain)/loss – net (23) 136<br />
Property tax 21,286 19,432<br />
Utilities 15,384 15,233<br />
Interest expense on loans 2,056 1,642<br />
Cost of inventories recognised as an expense 8,630 12,589<br />
* Includes the network of member fi rms of PricewaterhouseCoopers International Limited
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