Wah Seong Corporation Berhad Annual Report 2020

168 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 32 (LOSS)/PROFIT FROM OPERATIONS Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 (Loss)/Profit from operations is stated after charging: Raw materials consumed 408,451 763,422 - - Subcontracting cost 123,075 354,284 - - Cost of trading goods and services 319,853 385,228 - - Staff costs (Note 40) 256,247 389,044 5,691 5,981 Auditors’ remuneration: Fees for statutory audits - PricewaterhouseCoopers PLT 964 1,064 83 88 - member firms of PricewaterhouseCoopers International Limited 1,101 1,962 - - - others 555 573 - - Fees for non-audit services - PricewaterhouseCoopers PLT* 1,088 1,578 12 12 - member firms of PricewaterhouseCoopers International Limited 1,097 1,373 - - Depreciation charge of - property, plant and equipment 75,493 131,634 116 98 - right-of-use assets 21,704 21,817 - - Impairment loss on: - property, plant and equipment 164,045 34,684 - - - trade receivables 8,254 5,122 - - - other receivables 17,092 16,117 5,614 6,753 - amount owing by joint ventures 23,314 2,200 - - - amount owing by an associate 158 - 38 - - amount owing by a subsidiary - - 69,208 - - investment in a subsidiary - - 46,000 - Allowance on slow moving and obsolete inventories 6,347 - - - Loss on disposal of property, plant and equipment 563 6,701 - - Loss on foreign currency exchange: - realised 3,995 2,134 - - - unrealised 9,005 9,145 - 128 * Included in fees for non-audit services are fees payable to PricewaterhouseCoopers PLT and its local affiliates for the Group and the Company of RM1,088,000 (2019: RM1,578,000) and RM12,000 (2019: RM12,000) respectively.