267 INTEGRATED ANNUAL REPORT 2024 Key Messages Financial Statements Other Information NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Overview of Wasco Berhad Value Creation Commitment to Governance Sustainability Journey 30 PROFIT FROM OPERATIONS The Group and the Company have identified a number of items which are material due to the significance of their nature and/or amount, and it has disclosed them in this separate note to provide a better understanding of the Group’s and the Company’s financial performance. Group Company Note 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Profit from operations is stated after charging: Raw materials consumed 972,301 909,186 - - Subcontracting cost 225,411 234,140 - - Cost of trading goods and services 266,886 11,703 - - Freight and transportation charges 138,046 91,223 - - Consumables 129,186 119,075 - - Staff costs (Note 38) 555,427 472,703 - 1,147 Auditors’ remuneration: Fees for statutory audits - PricewaterhouseCoopers PLT 968 985 93 93 - member firms of PricewaterhouseCoopers International Limited 1,009 922 - - - others 1,033 950 - - Fees for non-audit services - PricewaterhouseCoopers PLT 620 362 13 13 - member firms of PricewaterhouseCoopers International Limited 484 1,290 - - Depreciation charge of: - property, plant and equipment 76,957 55,800 49 138 - right-of-use assets 31,596 25,605 - - Impairment loss on: - property, plant and equipment 3 25,215 1,847 - - - investment properties 5 - 19 - - - trade receivables 13 10,783 2,003 - - - other receivables 13 14,171 - - - - amounts owing by associates 15 204 - - - - amounts owing by joint venture 16 12,441 8,065 - - - amounts owing by subsidiaries 14 - - 4 (2,442) - investment in subsidiaries 8 - - 35,054 3,789 Allowance on slow moving and obsolete inventories 8,785 495 - - Loss on disposal of property, plant and equipment 434 318 21 - Loss on foreign currency exchange: - realised 18,038 6,077 - - - unrealised 19,922 5,964 9 132
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