UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 223 222 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 5. OTHER INCOME Included in other income are: Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Dividend income from short term investments 656 1,060 - - Interest income from: - fixed deposits 4,437 4,286 87 849 - advances to subsidiaries - - 4,205 3,628 License and commission fees from an associate 1,844 1,636 - - Bad debt recovered - 4,304 - - Reversal of ECL provision on trade and other receivables (Note 20) 334 4,231 - - Net foreign exchange gain: - exchange differences reclassified to profit or loss - 19,130 - - - realised - 220 26 - - unrealised 72 219 - - Gain on derecognition of lease 89 411 89 411 Gain on disposal of an associate (Note 17) - 58 - - Accretion of interest on - concession receivables 18,883 19,567 - - - loans and receivables 975 552 - - Rental income 147 147 6,162 6,187 6. FINANCE COSTS Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Interest expense on: - bank borrowings 18,375 20,573 13,511 13,956 - loan from a subsidiary - - 420 3,411 - lease liabilities (Note 34) 1,541 1,744 1,212 1,292 Amortisation of capitalised borrowing cost 379 492 125 119 Commitment fees 275 132 - - Bank charges 331 550 6 10 20,901 23,491 15,274 18,788 7. PROFIT/(LOSS) BEFORE TAX The following amounts have been charged/(credited) in arriving at profit/(loss) before tax: Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Employee benefits expense (Note 8) 1,031,140 907,280 68,587 60,719 Non-executive directors’ remuneration excluding benefits-in-kind (Note 9) 1,315 1,283 1,315 1,283 Auditors’ remuneration: - statutory 1,361 1,223 153 153 - others 85 196 81 37 Depreciation of right-of-use assets (Note 34) 10,883 11,327 7,124 7,045 Loss on liquidation of a subsidiary (Note 16(g)) 3,875 - 266 - Expenses relating to: - short-term leases (Note 34) 5,570 3,624 643 489 - leases of low-value assets (Note 34) 5,353 370 45 109 Amortisation of: - intangible assets (Note 15) 26,698 26,035 5,325 3,742 Depreciation of property, plant and equipment (Note 13) 49,671 44,981 2,964 3,381 Net loss/(gain) on disposal of plant and equipment 283 (16) (2) 3 Property, plant and equipment written off (Note 13) 363 10 - 10
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