Sunny Tew

NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2007 (Continued)18. Foreign currency translation accountThe foreign currency translation account comprises all foreign exchange differences arising from the translation of the financial statements of foreign operations that are notintegral to the operations of the Company and is non-distributable. Movement in this account is set out in the consolidated statement of changes in equity.19. RevenueRevenue of the Group and of the Company represents invoiced value of goods sold less goods returned and discounts allowed, net of goods and services tax. Revenue ofthe Group is in respect of external transactions only.20. Other operating incomeThe Group2007 2006$ $Allowance for doubtful trade receivables no longer required, now written back 781,931 669,838Claims and compensation received 146,171 152,862Bad trade receivables recovered - 3,288Commission income 31,449 28,792Foreign exchange gain, net 488,606 3,235,186Allowance for inventories obsolescence written back 45,000 561,646Gain on disposal of plant and equipment 74,154 84,242Gain on disposal of other investments - 1,645,521Allowance for impairment in value of other investments written back - 1,478,739Interest income- fixed deposits 260,751 170,143- current accounts with banks 1,011 5,432Rental income 174,793 147,975Sundry income 43,968 28,8492,047,834 8,212,513HG METAL MANUFACTURING LIMITED ANNUAL REPORT 200783