268 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 7. Cost of sales Group 2022 2021 RM million RM million Included in cost of sales are: Amortisation of intangible assets (Note 18) 49 49 Depreciation of property, plant and equipment 224 226 Employee benefits expenses (Note 10) 7 3 EPCIC construction costs 1,776 2,008 Costs relating to outright sales of FPSO at commencement of finance lease - 984 Vessel operating expenses 153 159 8. Other income Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Fair value gain on other investments - 2 - - Investment income 2 4 - - Service fee income - 2 1 1 Gain on disposal of subsidiaries - - - 113 Net gain on foreign exchange 27 - 1 - Net reversal of impairment loss on amounts due from subsidiaries - - - 15 Finance lease income 2 2 - - Other payables and provisions written back 21 - - - Gain on remeasurement of previously held equity interest - 3 - - Compensation income - 19 - - Government grant income 3 6 - - Distribution income from insurance company 7 - - - Indirect tax refund 9 - - - Miscellaneous 7 5 - - 78 43 2 129 Government grant income recognised was under Jobs Support Scheme (“JSS”) introduced at Budget 2021 by the Government of Singapore and Jobs Growth Incentives (“JGI”). The JSS is a temporary scheme to help enterprises retain local employees while JGI is a temporary scheme to support employers to expand local hiring from September 2020 to September 2022. Under both the JSS and JGI, employers will receive cash grants in relation to the gross monthly wages of eligible employees.
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