WASCO BERHAD 268 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 30 PROFIT FROM OPERATIONS (CONTINUED) Group Company Note 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 and crediting: Gain on disposal of: - property, plant and equipment 643 539 - 56 - assets classified as held for sale 60,767 23,095 12,679 - - subsidiary 149 - - - Gain on foreign exchange: - realised 9,524 5,603 - 175 - unrealised 6,708 9,176 - - Interest income 6,124 4,018 3,340 1,323 Reversal of impairment loss on: - trade receivables 13 6,309 7,778 - - - amounts owing by associates 15 - 10,216 - - - amounts owing by subsidiaries 14 - - - 2,469 Reversal of allowance on slow moving and obsolete inventories 344 1,408 - - 31 FINANCE COSTS Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Interest expense on: - loans and borrowings 40,966 47,106 1,991 3,812 - lease liabilities 11,669 11,631 - - 52,635 58,737 1,991 3,812 32 TAX EXPENSE Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Current tax: - Malaysian income tax 51,004 22,873 1,684 341 - Foreign taxation (5,024) 21,325 - - 45,980 44,198 1,684 341 Deferred taxation 8,759 23,935 (14) 4,324 54,739 68,133 1,670 4,665
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