9. (LOSS)/PROFIT BEFORE TAX The following amounts have been included in arriving at (loss)/profit before tax: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Employee benefits expenses (Note 10) 180,026 173,503 19,094 18,402 Auditors’ remuneration: - audit fee 1,401 1,332 414 383 - non-audit fee 72 24 56 8 Depreciation of property, plant and equipment (Note 15) 32,020 28,252 376 470 Depreciation of right-of-use assets (Note 35) 5,014 6,296 667 1,102 Amortisation of intangible assets (Note 22) 456 342 – – Amortisation of deferred license fees (Note 34(a)) (4,697) (4,586) – – Amortisation of security retainers accumulation fund (Note 23(b)(i)) 11 11 – – Unrealised returns on security retainers accumulation fund (Note 23(b)(i)) 29 (98) – – Fair value loss on quoted shares – 9,162 – – Fair value loss on biological assets (Note 36) 62 – – – Impairment loss on: - property, plant and equipment (Note 15) – 33,650 – – - trade and other receivables 11,514 2,718 – – - investments in subsidiaries (Note 18) – – – 16,895 - intangible assets (Note 22) 2,353 – – – Property, plant and equipment written off 82 77 – – Biological assets written off (Note 36) 185 – – – Loss on disposal of: - investments in subsidiaries – – 3,142 – - investment property 10,000 – – – - property, plant and equipment 73 – – – - asset classified as held for sale – 1,538 – – Net, loss/(gain) on foreign exchange: - realised 52 89 19 – - unrealised (83) 27 – – Inventories written down 2,930 – – – Bad debts written off 498 49 – – Direct operating expenses arising from investment properties 11,121 11,490 – – Management fees charged by a subsidiary (Note 37(a)) – – 7,589 7,898 Expenses relating to short-term leases 84 319 – – Expenses relating to low-value assets 208 240 – – Included in auditors’ remuneration of the Company amounting to RM274,500 (2020: RM245,000) is borne and paid by the Company on behalf of its subsidiaries. 10. EMPLOYEE BENEFITS EXPENSES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Salaries, bonus and other emoluments 128,135 125,821 15,739 14,216 Contributions to defined contribution plan 14,000 13,050 1,255 945 Other benefits 37,891 34,632 2,100 3,241 Total employee benefits expenses (Note 9) 180,026 173,503 19,094 18,402 Less: Amount included in cost of sales (43,200) (42,105) (17,226) (17,616) Included in administrative expenses 136,826 131,398 1,868 786 Included in employee benefits expenses of the Group and of the Company are directors’ remuneration amounting to RM40,615,000 (2020: RM35,435,000) and RM13,187,000 (2020: RM11,615,000) respectively as disclosed in Note 11. 11. DIRECTORS’ REMUNERATION Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Directors of the Company Executive: Salaries, bonus and other emoluments 19,059 16,883 10,283 9,915 Contributions to defined contribution plan 1,169 648 784 530 20,228 17,531 11,067 10,445 Non-executive: Fees 2,052 1,092 1,987 1,092 Other emoluments 614 78 133 78 2,666 1,170 2,120 1,170 Total directors’ remuneration of the Company 22,894 18,701 13,187 11,615 Directors of the Subsidiaries Executive: Salaries, bonus and other emoluments 15,412 14,563 – – Contributions to defined contribution plan 1,783 1,676 – – 17,195 16,239 – – Non-executive: Fees 427 357 – – Other emoluments 99 138 – – 526 495 – – Total directors’ remuneration of the subsidiaries 17,721 16,734 – – Total directors’ remuneration (Notes 10 and 37(e)) 40,615 35,435 13,187 11,615 FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 256 257
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