2019 UEM Edgenta Annual Report

185 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION Notes to the Financial Statements For the year ended 31 December 2019 UEM Edgenta Berhad Annual Report 2019 5. OTHER INCOME Included in other income are: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Dividend income from short term investments 1,264 3,682 - - Interest income from: - fixed deposits 6,430 9,633 847 2,051 - advances to subsidiaries - - 3,381 3,382 Reversal of deferred consideration payable (Note 31(d)) 5,320 9,345 5,320 9,345 Bad debt recovered 134 1,534 - - Reversal of ECL provision on trade and other receivables (Note 21) 28,019 2,714 - - Net foreign exchange gain: - realised 3 166 - - - unrealised 21 209 - - Gain on disposal of a subsidiary (Note 17(e)) 1,483 - - - Accretion of interest on concession receivables 18,908 19,088 - - Rental income - - 8,307 3,104 6. FINANCE COSTS Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Interest expense on: - bank borrowings 24,019 26,391 14,202 14,178 - finance lease liabilities - 308 - - - loan from a subsidiary - - 4,250 3,299 - lease liabilities (Note 37) 1,713 - 1,095 - Accretion of interest on deferred consideration payable (Note 31(d)) - 99 - 99 Amortisation of capitalised borrowing cost 679 434 125 125 Commitment fees 547 268 - - Unwinding of discount 232 - - - Bank charges 764 933 5 20 27,954 28,433 19,677 17,721