2001 Annual Report - Kian Joo Can

NOTES TO THE FINANCIAL STAT E M E N T S
31 December 2001 ( c o n t ’ d )
19. PROFIT FROM OPERATIONS
Group
Company
2001 2000 2001 2000
RM'000 RM'000 RM'000 RM'000
This is arrived at after charging:-
Directors' emolument
payable to directors of
- holding company 3,142 2,869 1,171 1,122
- subsidiary companies who are not directors
of the holding company 741 833 - -
Directors' fees payable to directors of
- holding company 272 247 205 185
- subsidiary companies who are not directors
of the holding company 55 55 - -
Directors' benefits in kind payable to directors
of subsidiary companies who are
not directors of the holding company - 9 - -
Auditors' remuneration
- audit fee 153 147 38 38
- non audit fee 2 32 - 30
- underprovision in prior year's audit fee 4 13 - 6
Rental on
- buildings 448 470 34 49
- machinery 734 882 273 298
Provision for doubtful debts 103 627 103 -
Provision for retirement benefits (Note (a)) 261 5,875 128 3,457
Inventories written down 988 2,052 513 194
Bad debts written off 318 193 90 192
Foreign exchange loss
- realised 178 47 -
- unrealised 56 - - -
Provision for sludge disposal 701 1,190 - -
Property, plant and equipment written off 55 - - -
and crediting :-
Gain on disposal of property,
plant and equipment 895 276 57 172
Gain on disposal of investment in an
associated company 728 843 728 3,061
Dividend income
- from quoted subsidiary company - - 4,388 4,388
- from unquoted subsidiary companies - - 21,146 21,146
- from associated company - - 1,000 -
Interest income 2,366 1,841 1,306 980
Rental receivable 2,266 2,267 796 807
Inventories written back 1,202 - 194 -
Recovery of bad debt written off 833 92 - -
Realised exchange gain 210 293 163 152
Note (a)
Included in provision for retirement benefits is amount payable to Directors of RM Nil (2000 : RM4,884,000) for
the Group and RM Nil (2000 : RM3,071,000) for the Company.
KIAN JOO CAN FACTORY BERHAD (3186-P)
2001 / Annual Report . 51