Wasco Berhad Integrated Annual Report 2023

Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 31 MATERIAL PROFIT OR LOSS ITEMS Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 (Represented) Profit from operations is stated after charging: Raw materials consumed 909,186 929,764 - - Subcontracting cost 234,140 230,876 - - Cost of trading goods and services 291,653 244,133 - - Staff costs (Note 40) 472,703 383,717 1,147 9,369 Auditors’ remuneration: Fees for statutory audits - PricewaterhouseCoopers PLT 985 997 93 93 - member firms of PricewaterhouseCoopers International Limited 922 1,082 - - - others 950 752 - - Fees for non-audit services - PricewaterhouseCoopers PLT* 362 392 13 13 - member firms of PricewaterhouseCoopers International Limited 1,290 1,548 - - Depreciation charge of - property, plant and equipment 55,800 41,178 138 156 - right-of-use assets 25,605 27,570 - - Impairment loss on: - property, plant and equipment 1,847 - - - - investment properties 19 - - - - trade receivables 2,003 8,137 - - - other receivables - 301 - - - amounts owing by associates - 21,378 - - - amounts owing by joint venture 8,065 - - - - amounts owing by subsidiaries - - 27 2,560 - investment in subsidiaries - - 3,789 4,656 - investment in an associate - 39,537 - - - investment in a joint venture - 8,989 - - Allowance on slow moving and obsolete inventories 495 2,920 - - Loss on disposal of property, plant and equipment 318 481 - - Loss on foreign currency exchange: - realised 6,077 10,433 - 2,761 - unrealised 5,964 7,703 132 97 Integrated Annual Report 2023 256

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