FINANCIAL STATEMENTS - Mewah Group
FINANCIAL STATEMENTS - Mewah Group
FINANCIAL STATEMENTS - Mewah Group
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ANNUAL REPORT 2012NOTES TOTHE <strong>FINANCIAL</strong> <strong>STATEMENTS</strong>For the financial year ended 31 December 20125. COST OF SALES<strong>Group</strong>2012 2011US$’000 US$’000Cost of inventories 3,403,121 4,212,598(Gains)/losses from derivative financial instruments (33,363) 31,139Labour costs and other overheads 38,841 38,5773,408,599 4,282,3146. OTHER INCOME<strong>Group</strong>2012 2011US$’000 US$’000Interest income on bank deposits 441 795Late interest charge on trade receivables 9,130 4,753Rental income 396 325Commission income 67 426Other miscellaneous income 806 1,57410,840 7,873Other miscellaneous income comprises mainly sales of by-products and waste.67