Press Metal Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS Cont’d 23. Profit before tax Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Profit before tax is arrived at after charging/ crediting: Auditors’ remunerations Audit fees: - KPMG PLT 1,512 1,438 315 305 - Overseas affiliates of KPMG PLT 91 88 - - - Other auditors 848 726 - - Non-audit fees: - KPMG PLT 128 55 20 20 - Local affiliates of KPMG PLT 645 615 - - - Other professional audit firms 615 - - - Material expenses Additional tax assessments with penalties - 26,738 - - Bad debts written off 2,037 - - - Depreciation of property, plant and equipment 551,384 401,617 13 13 Depreciation of right-of-use assets 30,555 33,125 - - Depreciation of investment properties 2,141 2,609 - - Impairment loss on investment in a subsidiary - - 7,128 3,500 Personnel expenses (including key management personnel): - Contributions to Employees’ Provident Fund 25,474 21,077 2,456 2,251 - Wages, salaries and others (Note a) 467,243 430,726 28,955 15,416 Property, plant and equipment written off 18,035 6,813 - - Realised derivative loss - - 11,097 51,699 Net realised foreign exchange loss 43,619 6,463 4,865 - Unrealised derivative loss 619 - - 83,815 Net unrealised foreign exchange loss - 7,244 49,264 33,581 Material income Dividend income from subsidiaries - - 543,600 229,600 Dividend income from an associate - - 2,148 430 Net realised foreign exchange gain - - - 1,447 Unrealised derivative gain - 7 78,030 - Net unrealised foreign exchange gain 927 - - - Expenses arising from leases Expenses relating to short-term leases (Note b) 18,671 19,580 695 700 Net loss on impairment of financial instruments and contract assets Financial assets at amortised cost 273 2,880 - - ANNUAL REPORT 2022 270

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