Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

8. Profi t before tax
Notes to the Financial Statements
For the fi nancial year ended 31 December 2011
The following items have been included in arriving at profi t before tax:
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Advisory fees paid to a director 45 80 - -
Amortisation of intangible assets (Note 17) 1,111 3,242 457 448
Amortisation of prepaid land lease
payments (Note 14) 726 380 426 79
Impairment loss on investment in an associate 722 - - -
Allowance for obsolete inventories 216 - - -
Auditors’ remuneration: 465 456 98 98
Statutory audit
- current year 420 379 75 55
- under provision in previous years 30 35 11 5
Other services 15 42 12 38
Bad debts written off 243 - - -
Depreciation on property, plant and
equipment (Note 13) 32,960 28,127 972 858
Employee benefi ts expense (Note 9) 92,150 70,078 18,652 14,725
Fair value adjustments on investment
properties (Note 16) - - 1,464 -
Unrealised foreign exchange (gain)/loss (254 ) 123 - -
Impairment loss on fi nancial assets:
- trade and other receivables 4,018 5,865 - -
- advances to subsidiaries - - 30,807 5,668
- investment in a subsidiary - - - 30,877
Intangible assets written off (Note 17) - 8,102 - -
Loss on disposal of property, plant and equipment 7 - - -
Loss on disposal of investment 255 - - -
Loss on disposal of an associate - 353 - -
Non-executive directors’ remuneration (Note 10) 2,116 1,996 1,802 1,811
Operating leases: 20,673 7,374 1,232 1,221
- minimum lease payments on land and buildings 3,791 3,984 1,232 1,221
- minimum lease payments on wharf 1,622 1,525 - -
- minimum lease payments on motor vehicles 372 - - -
- minimum lease payments on plant and equipment 14,888 1,865 - -
Project under study written off 25,193 - - -
Property, plant and equipment written off 366 493 - 2
Write down of inventories - 1,243 - -
Annual Report 2011 107