Wah Seong Corporation Berhad Annual Report 2019

166 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 33 PROFIT FROM OPERATIONS Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Profit from operations is stated after charging: Raw materials consumed 763,422 734,555 - - Subcontracting cost 354,284 413,958 - - Cost of trading goods and services 385,228 467,029 - - Staff costs (Note 40) 389,044 494,370 5,981 6,848 Auditors’ remuneration: Fees for statutory audits - PricewaterhouseCoopers PLT 1,064 1,068 88 88 - member firms of PricewaterhouseCoopers International Limited 1,962 2,176 - - - others 573 629 - - Fees for non-audit services* - PricewaterhouseCoopers PLT 1,578 692 12 14 - member firms of PricewaterhouseCoopers International Limited 1,373 2,082 - - Depreciation charge of - property, plant and equipment 131,634 188,091 98 100 - right-of-use assets 21,817 - - - Impairment loss on: - property, plant and equipment 34,684 48 - - - trade receivables 5,449 4,397 - - - other receivables 16,117 498 6,753 209 - amount owing by joint ventures 2,200 - - - Loss on disposal of property, plant and equipment 6,701 22 - - Loss on foreign currency exchange: - realised 2,134 14,058 - 4,619 - unrealised 9,145 11,392 128 - and crediting: Gain on disposal of: - property, plant and equipment 973 5,439 - 3 - investment properties 6,961 - - - - non-current asset held for sale - 4,534 - - Gain on foreign exchange: - realised 3,844 6,604 574 - - unrealised 5,195 11,086 - 2,338 Interest income 4,992 6,687 12,274 8,839 Reversal of impairment loss on: - trade receivables 3,213 - - - - property, plant and equipment - 4,904 - - * Included in fees for non-audit services are fees payable to PricewaterhouseCoopers PLT and its local affiliates for the Group and the Company of RM1,578,000 (2018: RM692,000) and RM12,000 (2018: RM14,000) respectively.