Notes to the Financial Statements 30 June 2008 - Abterra

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Notes to the Financial Statements30 June 20087. FINANCIAL EXPENSESGroup2008 2007$’000 $’000Interest expense:bills discounting 56 -finance lease 3 1bank loans 2,104 342letter of credit 431 181convertible notes (Note 27) 3,291 189Bank charges 436 1626,321 8758. OTHER ITEMS (NET)Group2008 2007$’000 $’000Waiver of debt by former holding company - 912Impact on deconsolidation of a subsidiary - 17Loss on liquidation of subsidiary companies (138) (221)Gain on liquidation of a subsidiary company 110 -(28) 70868ABTERRAAnnual Report 2008
Notes to the Financial Statements30 June 20089. PROFIT BEFORE INCOME TAX FROM CONTINUING OPERATIONProfit before income tax from continuing operation is arrived after charging / (crediting) the followings:Group2008 2007$’000 $’000Allowance for doubtful debts 4 114Non-audit service fees paid to auditors’ of the Company 7 7Bad trade debts written-off - 1Depreciation of property, plant and equipment 54 56Foreign exchange (gain) / loss, net (1,510) 119Gain on liquidation of a subsidiary company (110) -Loss on liquidation of subsidiary companies 138 221Loss on disposal of property, plant and equipment - 25Directors’ fee 105 105Directors’ remuneration 464 228Operating lease expenses- office premises 158 182- office equipment 5 5ABTERRAAnnual Report 200869
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Abterra Ltd.7 Temasek Boulevard, #1
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Notes to the Financial Statements 30 June 2008 - Abterra

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