Rising Above

NOTES TO FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 20077. OTHER GAINS/(LOSSES), NETGroup2007 2006$’000 $’000(Restated)Allowance for doubtful trade and other receivables (930) (2,042)Foreign exchange losses, net (9,251) (11,770)Gain on sale of financial assets, available-for-sale 9,625 -Impairment loss on property, plant and equipment (413) (865)Impairment loss on financial assets, available-for-sale (1,649) -Loss on disposal of property, plant and equipment (1,092) (6,343)Provision reversed/(made) for liquidated damages on construction contracts 1,890 (4,065)Rental income from machinery and office premises 683 -Gain on sale of scrap materials 3,336 2,605Waiver of payment of remittance from a related party (Note 35) - 4,385Compensation income arising from project termination 7,507 -Fair value gain on derivative financial instruments, net 21,800 2,600Miscellaneous gains, net 1,191 39232,697 (15,103)8. PROFIT FROM OPERATING ACTIVITIESProfit from operating activities is derived after charging/(crediting) the following items and those as disclosed in Note 7:Group2007 2006$’000 $’000(Restated)Depreciation on property, plant and equipment (Note 24) 6,342 5,320Employee compensation (Note 9) 35,304 21,169Operating leases expenses 656 206Amortisation of sea use rights (Note 25) 101 97Amortisation of intangible assets (Note 26) 918 428ANNUAL REPORT 2007 65