continued - The Lion Group

9. PROFIT/(LOSS) FROM OPERATIONS
The profit/(loss) from operations is arrived at:
Group Company
2010 2009 2010 2009
RM’000 RM’000 RM’000 RM’000
After charging:
Allowance for obsolete inventories 132 652 – –
Amortisation of prepaid land lease
payments 251 257 – –
Auditors’ remuneration:
- current year 481 398 40 38
- under accrued in prior years 80 33 2 –
Directors’ remuneration* 1,858 2,138 1,039 1,300
Impairment loss on quoted investment – 14 – –
Impairment loss on goodwill 20,000 – – –
Inventories written down 4,678 358,020 – –
Loss on dilution from a subsidiary
to an associate – 2,612 – 2,612
Loss on disposal of:
- property, plant and equipment 831 1,806 – –
- unquoted investment – 38 – –
Net foreign exchange loss:
- realised – 57,969 – –
- unrealised – 66,194 – 376
Property, plant and equipment:
- depreciation 141,171 138,585 – –
- written off – 127 – –
Provision for defined benefit plan 236 179 – –
Rental of:
- plant, machinery and equipment 345 786 – –
- premises 3,429 3,530 – –
Professional fees paid to a firm in
which a Director, M. Chareon Sae
Tang @ Tan Whye Aun, has interest 159 – – –
And crediting:
Allowance for doubtful receivables
written back 2,761 415 – –
Bad debt recovered – 20 – –
Gain on disposal of:
- assets held for sale – 25,422 – –
- prepaid land lease payments 552 – – –
- quoted investments 4,134 356 4,134 353
Gross dividend income from
quoted investments in Malaysia:
- an associate – – 1,806 1,806
- others 54 172 54 172
Interest income from:
- subsidiaries – – 63,854 114,388
- others 7,580 5,621 112 108
Net foreign exchange gain:
- realised 50,110 835 – –
- unrealised 42,458 – 606 –
Rental income 10,467 8,088 – –
64