Kimlun Corporation Berhad Annual Report 2020

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 6. Finance costs 2020 2019 RM RM Interest expense on: - bank loan, bank overdrafts, invoice financing and bankers' acceptance 15,369,828 14,560,596 - hire purchase arrangements 3,442,109 4,389,449 - advance from joint venture 128,321 470,375 - lease liabilities (Note 24) 375,807 560,880 19,316,065 19,981,300 Unwinding of discount on payables 2,425,711 2,453,995 21,741,776 22,435,295 Less: Interest expenses capitalised in development properties (Note 19) (3,285,905) (5,704,329) 18,455,871 16,730,966 7. Profit before tax The following items have been included in arriving at profit before tax: 2020 2019 2020 2019 RM RM RM RM Auditors' remuneration - statutory audits 195,679 178,359 43,000 38,000 - overprovision in prior year - (1,000) - - - other services 5,000 5,000 5,000 5,000 Allowance for impairment on trade receivables (Note 21) 3,286,616 630,464 - - Reversal of allowance for impairment on trade receivables (Note 21) (821,305) (209,039) - - Bad debts written off 856,752 - - - Bad debts recovered (238,018) - - - Employee benefits . expenses (Note 8) 76,853,127 85,282,448 - - Non-executive directors' remuneration (Note 9) 275,950 256,500 275,950 256,500 Hire of plant and machinery 29,946,347 60,143,273 - - Group Company Group - 57 - Annual Report 2020 114 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020