Full Version Guinness Anchor Berhad Annual Report 2007 - Gab

Notes to the Financial Statementsfor the year ended 30 June 200712. EquityGroup and Company2007 2006Share capital RM’000 RM’000Authorised:400,000,000 ordinary shares of 50 sen each 200,000 200,000Issued and fully paid:302,098,000 stock units of 50 sen each 151,049 151,049Section 108 tax creditSubject to agreement by the Inland Revenue Board, the Company has sufficient Section 108 tax credit and tax exempt income to frank all of its distributable reservesat 30 June 2007 if paid out as dividends.13. Operating profitOperating profit is arrived at after charging:GroupCompany2007 2006 2007 2006RM’000 RM’000 RM’000 RM’000RestatedRestatedAmortisation of intangible assets 1,967 - 1,967 -Amortisation of prepaid lease payments 256 256 256 256Auditors’ remuneration- Statutory audit 110 105 70 70- Other services 202 256 181 229Directors’ emoluments- Remuneration* 3,980 3,338 3,969 3,149- Defined contributions 109 162 109 162- Fees 265 266 259 260Depreciation of property, plant and equipment 25,879 26,364 23,470 23,806Hire of equipment 384 339 356 337Legal fees paid to firm in which a Director is a member 31 90 12 87Personnel expenses (including directors)- Contribution to defined contribution plan 6,629 6,813 3,256 3,879- Wages, salaries and others 45,422 45,371 23,930 24,255Realised loss on foreign exchange 34 - 34 -Rental expense on land and buildings 2,145 2,071 863 826Unrealised loss on foreign exchange - 245 - 245Annual Report 2007115Guinness Anchor Berhad (Company No. 5350-X)