NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 6. PROFIT BEFORE TAXATION Other than those disclosed elsewhere in the financial statements, the profit before taxation is arrived at: Group Company 2023 2022 2023 2022 RM RM RM RM After charging: Auditors’ remuneration - statutory audit - BDO 548,923 502,309 128,500 123,500 - Other auditors 44,022 43,509 - - - non-audit services - BDO 30,138 36,692 6,550 11,550 - Other auditors - - - - Bad debts written off 398,260 118,678 13,542 - Interest expense on: - lease liabilities 214,128 225,299 6,710 9,083 - term loans 789,268 836,167 227,787 239,944 - bankers’ acceptance 7,825 12,945 - - - revolving credit 898,323 303,770 898,323 296,126 Bank fees 81,905 202,645 - - Loss on foreign exchange: - realised 587,323 787,408 - - Loss on disposals of: - property, plant and equipment - 896,170 - - Fair value loss on financial guarantee contracts - - 145,440 - Fair value loss on other investments 18,500 301,153 - 281,876 Loss on reassessment of right-of-use assets 18,874 - - - And crediting: Dividend income from subsidiaries - - 19,000,000 38,000,000 Gain on disposals of: - property, plant and equipment 3,099,914 - 192 1,032 - an associate - 1,468,950 - - Gain on derecognition of right-of-use assets upon early settlement - 3,603 - - Gain on lease termination 873 33,958 - - Gain on foreign exchange: - realised - - 5,122 106,540 - unrealised 122,655 8,436 78,141 16,145 Interest income from: - deposits with licensed banks 1,442,294 911,714 113,981 71,129 - advances to subsidiaries - - 3,256,142 783,470 - other investments 208,039 1,269,412 153,331 1,146,199 97 ANNUAL REPORT 2023
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