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SUSTAINABILITY JOURNEY HOW WE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 321

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

11 PROFIT BEFORE ZAKAT AND TAXATION – CONTINUING OPERATIONS
Profit before zakat and taxation is stated after charging/(crediting):
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

Cost of raw sugar consumed 1,562,563 1,326,838 - -
Changes in inventories of work in progress,
refined sugar and molasses (146,574) 44,767 - -
Inventories written off 6,081 1,376 - -
Allowance for inventory obsolescence 10,957 18,545 - -
Net realisable value of inventories
- write down of inventories to net realisable value
during the financial year 13,436 65 - -
Distribution and transport expenses 30,442 26,101 - -
Natural gas and fuel consumed 116,398 155,884 - -
Property, plant and equipment
- Depreciation 75,402 72,830 650 657
- Write offs 2,654 1,393 - -
- Gain on disposal of property, plant and equipment (902) (18) (197) -
- Reversal of impairment (16,427) (3,807) - -
Right-of-use assets
- Depreciation 2,748 3,001 661 496
- Reversal of impairment - (7,968) - -
Intangible assets
- Amortisation 4,690 5,709 1,424 1,474
- Write offs - 534 - 534
Amortisation of advance payment - 2,204 - -
Asset held for sale
- Loss on disposal - 12 - -
- Written off - 387 - -
Gain on disposal of a subsidiary (6,287) - (28,721) -
Insurance claim 7,244 - - -
Loan modification charge/(credit) 9,749 (11,695) 9,749 (11,695)
Principal auditors’ remuneration
- Audit fee – current year 441 507 161 161
- Other assurance services 284 284 284 284
Other auditors’ remuneration
- Audit fee - 61 - -
- Other services 31 - - -
Repair and maintenance 47,856 45,074 741 1,193
Tyre expenses 478 301 - -
Diesel and fuel 1,897 2,444 - -
Staff costs* 86,776 79,462 13,423 10,311
Rental expenses for short term leases and low value assets 693 624 - -
Unrealised foreign exchange (gain)/loss (1,506) 2,627 - -
Separation cost 1,174 11,445 - -