Ocean Sky International Limited - Ocean Sky International Ltd ...

30. PROFIT FROM OPERATIONS
The above is arrived at:-
After charging:-
Group
Financial year ended Six months financial
31 December period ended
1999 2000 2001 30 June 2002
$’000 $’000 $’000 $’000
Amortisation of deferred expenditure 1,922 963 2,991 228
Amortisation of goodwill 2 2 18 104
Auditors’ remuneration
- of the Company
- current year 19 20 21 21
- prior year – 7 6 –
- other auditors of the subsidiary companies 11 28 30 26
Bad trade debts written off – 4 – –
Depreciation of fixed assets 755 1,379 2,335 1,393
Directors’ fee
- Directors of the Company 544 526 1,130 –
- over provision in previous year – (109) – –
Directors’ remuneration
- Directors of the Company 390 603 391 257
Foreign exchange losses – 24 – –
Goodwill written off 7 8 – –
Loss on disposal of fixed assets 5 50 137 9
Operating leases
- rental expense 205 800 2,438 1,325
Pre-operating expenses – 7 – –
Staff costs 5,273 11,268 27,579 18,075
and crediting:-
Amortisation of negative goodwill – – – 5
Foreign exchange gain 38 – 511 158
Interest income
- bank interest 2 4 112 37
Rental income
- associated company – 670 – –
- third parties – – 19 –
Reserves on consolidation credited 129 – – –
131