121 / 174
financiAL STATEMENTs
Annual Report 2017
119
NOTES TO THE FINANCIAL STATEMENTS
6.
PROFIT BEFORE TAX (cont’d.)
The following amounts have been included in arriving at profit before tax: (Cont’d.)
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Write off of biological assets (Note 14)
70
28
-
-
Impairment loss on:
- property, plant and equipment
4,593
-
-
-
- biological assets (Note 14)
24,779
-
-
-
- trade receivables (Note 18)
16
1,434
-
-
- other receivables (Note 18)
3,491
2
-
-
Write back of impairment loss on:
- trade receivables (Note 18)
(481)
(748)
-
(5)
- other receivables (Note 18)
-
(50)
-
-
Write down of inventories
3,177
88
-
-
Gain on disposal of property, plant and equipment
-
(71)
-
-
Provision for retirement benefit obligations (Note 27)
284
69
-
-
Net (reversal of)/provision for warranty (Note 30)
(2,287)
622
-
-
Professional indemnity insurance for directors and officers
12
11
1
1
Realised foreign exchange loss/(gain)
121
(3,060)
-
-
7.
STAFF COSTS
Group
Company
2017
2016
2017
2016
RM’000
RM’000
RM’000
RM’000
Wages and salaries
26,242
24,759
1,168
1,062
EPF contribution
3,555
3,170
197
181
Social security costs
206
183
5
4
Provision for retirement benefits (Note 27)
284
69
-
-
Shares and options granted under ESS
22
105
6
19
Other staff related expenses
1,195
1,286
76
103
31,504
29,572
1,452
1,369
Included in staff costs of the Group and of the Company is the Managing Director’s remuneration amounting to RM1,279,000
(2016: RM1,265,000) and RM509,000 (2016: RM532,000) respectively as further disclosed in Note 8. Direct wages of employees
amounting to RM7,752,000 (2016: RM7,836,000) has been included in the Group’s cost of sales.