TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
99
NOTES TO THE FINANCIAL STATEMENTS
24. Profit before tax
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Profit before tax is arrived at after crediting:
Bad debts recovered
21
1,613
-
-
Dividend income from:
- Unquoted subsidiaries
-
-
89,200
75,110
- Joint venture
-
-
100
-
Gain on disposal of:
- Property, plant and equipment
5,845
1,708
25
484
- Unquoted subsidiaries
-
-
-
16,836
Net gain on foreign exchange:
- Unrealised
7,695
18,664
3,224
3,488
- Realised
3,406
350
-
-
Interest income
14,229
17,395
13,022
16,863
Fair value adjustment on investment properties
7,755
4,992
-
-
Reversal of write-down of inventories
184
62
-
-
Reversal of provision for additional import duty
(Note 37)
56,268
-
-
-
Reversal of impairment loss on:
- Hire purchase receivables
308
2,373
-
-
- Trade receivables
1,739
4,079
-
-
Rental income on leased assets
4,367
4,721
-
-
Rental income on land and buildings
2,131
1,714
-
-
Profit before tax is arrived at after charging:
Audit fee
Current year
- KPMG Malaysia
590
522
51
50
- Overseas affiliates of KPMG Malaysia
171
69
-
-
- Other auditors
26
27
-
-
Under provision in prior year
-
5
-
-
Non-audit fee
Current year
- KPMG Malaysia
187
278
37
-
- Overseas affiliates of KPMG Malaysia
66
60
-
-
Bad debts written off
986
1,742
-
-
Amortisation of prepaid lease payments
1,638
884
-
-
Depreciation of property, plant and equipment
110,788
73,875
336
415
Direct operating expenses of investment properties
generating rental income
606
656
-
-
