Sunny Tew

NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2007 (Continued)21. Finance costsThe Group2007 2006$ $Interest expense- bank overdrafts 17,552 20,210- bankers’ acceptance 6,850 -- invoice financing 124,214 7,303- finance lease 49,688 21,529- term loans 260,058 295,542- trust receipts 8,495,371 6,667,818- convertible loan 91,897 451,4169,045,630 7,463,81822. Profit before income taxProfit before income tax is arrived at after charging the following:The Group2007 2006$ $Intangible assets written off 61,128 -Allowance made for- doubtful trade receivables 1,002,211 3,118,304Bad trade receivables written off 505 4,674Depreciation of property, plant and equipment 1,528,260 1,217,693Directors’ fees- Directors of the Company 135,000 210,000- Directors of subsidiaries 4,355 4,37884 HG METAL MANUFACTURING LIMITED ANNUAL REPORT 2007