Malaysia legislation
Section 7
of Mengikut peraturan Bilangan 34 Peraturan-Peraturan Tanah Tahun 1966, adalah
Seksyen 7
PROFIT FROM OPERATIONS
Profit from operations is arrived at after charging (crediting) the following:
The Group
The Company 2005 2004 2005 2004
Loss (Gain) on disposal of:
Unquoted investment in an associated company 1,623,786
—
—
—
Property, plant and equipment
—
(108,960)
—
(108,960)
Quoted investments
(12,612)
(26,926)
(12,612)
(26,926)
Directors’ remuneration: Fees 189,400 192,000 189,400 192,000
Other emoluments 491,704 418,002 491,704 418,002
Fees paid/payable to external auditors:
Statutory audit:
Auditors of the Company 89,000 79,000 70,000 60,000
Special audit:
Other auditors
—
40,000
—
40,000
Allowances for:
Inventories obsolescence 76,972
—
—
—
Doubtful debts
—
30,961
—
—
Diminution in value of investment in a subsidiary
Company
—
—
1,500,000
—
Diminution in value of investments in a associated company no longer required
—
—
—
(1,837,500)
Amount written-off for:
Inventories 54,062
—
—
—
Property, plant and equipment 4,869 7,540 3,823 5,736
Gross dividends from:
Unquoted investments
Associated company
—
—
(12,529,138)
—
Subsidiary company
—
—
(1,108,030)
(664,818)
Other investments, quoted in Malaysia
(5,641)
(7,798)
(5,641)
(7,798)
Liquidated ascertained damages:
Paid to customers 22,450 77,319 22,450 77,319
Received from suppliers
(107,930)
(35,374)
(107,930)
(35,374)
Interest income
(140,309)
(152,366)
(127,569)
(127,617)
Rental expense (income) of:
Premises 517,685 436,696 517,685 436,696
Equipment 500 8,240 500 8,240
Premises
(913,173)
(792,418)
(772,173)
(708,418)
Impairment loss on property, plant and equipment no longer required (1,065,754)
—
—
—
1662
[22hb Jun 2006
The estimated monetary value of other benefits-in-kind received by a director of the Company and not included in the above was RM52,430 (RM52,878
in 2004).