notes to the financial statements - Singapore Technologies ...

138 SIMPLY SMARTERNOTES TO THE FINANCIAL STATEMENTS31 December 2011(Currency - Singapore dollars unless otherwise stated)5. Profit from operationsProfit from operations is arrived at:GroupNote 2011 2010$’000 $’000After charging/(crediting)Auditors’ remuneration- auditors of the Company 1,320 1,209- other auditors 2,026 1,837Non-audit fees- auditors of the Company 625 553- other auditors 1,004 800Fees and remuneration of directors 6,753 7,666Fees paid to a firm of which a director is a member 769 191Personnel expenses 6 1,645,083 1,576,726Depreciation charges 12, 17 125,784 120,940Allowance/(write-back of allowance) for- Inventory obsolescence 181 27,642- Doubtful debts (trade) 22 (143) 467- Unbilled receivables (trade) 22 187 (474)- Doubtful lease receivables 19 202 (543)Provision/(write-back of provision) for- Foreseeable losses 9,395 (5,134)- Liquidated damages 29 5,473 5,937- Warranties 29 19,834 17,069Property, plant and equipment written off 7,455 7,493Research, design and development expenses 96,248 98,171Operating lease expenses 39,362 41,215Amortisation of other intangible assets 16 9,275 11,090Write-back of impairment loss on property, plant and equipment 12 – (14)Impairment loss on goodwill 16 3,240 3,741Impairment losses on other intangible assets 16 6,964 4,9386. Personnel expensesGroup2011 2010$’000 $’000Wages and salaries * 1,351,316 1,312,478Contributions to defined contribution plans 110,289 94,658Share-based payments 15,995 12,181Other personnel expenses 167,483 157,4091,645,083 1,576,726* Includes directors’ remuneration of $4,280,276 (2010: $5,246,497).