Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 108 24. Results from operating activities (continued) Group Company Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 Financial period from 1.1.2020 to 30.6.2021 Financial year from 1.1.2019 to 31.12.2019 RM’000 RM’000 RM’000 RM’000 Material expenses/ (income) Amortisation of license and rights - 1,142 - - Depreciation of property, plant and equipment 325,491 137,658 - - Depreciation of right-of- use assets 24,916 5,605 - - Foreign exchange loss/ (gain): - - realised 5,131 2,636 (4) - - unrealised (10,990) (606) (3,075) - Personnel expenses (including key management) - wages, salaries and others 226,356 113,040 471 6,173 - contributions to state plans 6,904 1,895 10,059 118 Loss on disposal of trade receivables 12,771 8,040 - - Loss on disposal of equity accounted associate 6,212 - - - Impairment of goodwill from investment in subsidiary 3,371 - - - Impairment of trade and other receivables 394,998 - - - Inventories written down 552,592 - - - Expenses/(income) arising from leases Expenses relating to short-term leases 32,007 19,858 - - Expenses relating to leases of low-value assets - 55 - - The Group leases tools and equipment and residential premises with contract terms between one and two years. These leases are classified as short-term and/or leases of low-value items. The Group has elected not to recognise right-of-use assets and lease liabilities for these leases.