Wah Seong Corporation Berhad Annual Report 2021 177 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 30 COST OF SALES Group 2021 2020 RM’000 RM’000 Contract costs 716,308 670,498 Cost of goods sold 533,834 539,497 Direct operating costs relating to rental income 10,576 19,440 1,260,718 1,229,435 31 OTHER (LOSSES)/GAINS - NET Group 2021 2020 RM’000 RM’000 Fair value (losses)/gains arising from fair value changes of: - Derivative financial instruments - Forward currency contracts (2,595) 2,959 - Investment in equity instruments (2) (1) (2,597) 2,958 32 PROFIT/(LOSS) FROM OPERATIONS Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Profit/(loss) from operations is stated after charging: Raw materials consumed 467,417 408,451 - - Subcontracting cost 96,187 123,075 - - Cost of trading goods and services 320,084 319,853 - - Staff costs (Note 40) 271,514 256,247 7,055 5,691 Auditors’ remuneration: Fees for statutory audits - PricewaterhouseCoopers PLT 962 964 83 83 - member firms of PricewaterhouseCoopers International Limited 595 1,101 - - - others 614 555 - - Fees for non-audit services - PricewaterhouseCoopers PLT* 650 1,088 12 12 - member firms of PricewaterhouseCoopers International Limited 264 1,097 - - Depreciation charge of - property, plant and equipment 38,170 75,493 114 116 - right-of-use assets 27,967 21,704 - -
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