Ecowise Annual Report 2007 - ecoWise Holdings Limited

Notes to FinancialStatements31 October 20075. FINANCE INCOMEGroup2007 2006$’000 $’000Interest income from non-related companies 60 4Provision for impairment on trade receivables (reversal) – 4Foreign exchange translation gain 1 –61 86. FINANCE COSTSGroup2007 2006$’000 $’000Provision for doubtful debt on trade receivables 17 –Interest expenses to financial institutions 146 133Foreign exchange translation loss – 12163 1457. OTHER CHARGESGroup2007 2006$’000 $’000Amortisation of employee share option expenses (28) (7)Share-based compensation expenses (784) –Amount due to former director waived 1 –Gain/(Loss) on disposal of plant and equipment 1 (8)Impairment of goodwill – (175)Loss on impairment of plant and equipment (35) (650)Provision for obsolete inventories (2) –Pre-operating expenses – (1)(847) (841)58 • ecoWise Holdings Limited • Annual Report 2007