Annual Report 2012 - IOI Group

NOTES TO THEFINANCIAL STATEMENTS8. OPERATING PROFIT (Continued)(b)Employee informationThe employee benefits costs are as follows:GroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Wages, salaries and others 706,883 658,375 96,367 101,651Contributions to Employee’s Provident Fund 50,828 26,341 7,758 8,716Expenses for retirement benefits (Note 35.1) 25,032 21,497 101 98Share option expenses 4,330 11,656 4,330 11,656787,073 717,869 108,556 122,1219. INTEREST INCOMEGroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Short term deposits 13,010 13,185 3,690 2,960Subsidiaries – – 90,968 92,762Jointly controlled entities 27,787 25,285 – –Housing development accounts 2,283 2,401 – –Others 6,688 6,275 387 31449,768 47,146 95,045 96,03610. FINANCE COSTSGroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Interest expensesTerm loans 109,445 80,456 65,846 45,402Guaranteed Notes 80,715 80,587 – –Short term loans 4,211 1,342 – –Revolving credits – 78 – –Bank overdrafts 41 112 1 1Hire purchase 91 106 – –Subsidiaries – – 143,678 159,055Others 2,975 8,144 1,778 7,864197,478 170,825 211,303 212,322Less: Interest capitalised (6,389) (910) – –191,089 169,915 211,303 212,322158IOI CORPORATION BERHADAnnual Report 2012