FGV Audited Financial Statements 2019

90 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 13 (LOSS)/PROFIT FOR THE FINANCIAL YEAR (Loss)/profit for the financial year is stated after charging/(crediting): Group Company 2019 RM’000 2018 RM’000 (Restated) 2019 RM’000 2018 RM’000 (Restated) Matured estates operating expenses (collection, upkeep, cultivation and general charges) 282,949 397,523 - - Cost of raw materials and chemicals for production and manufacturing 8,025,893 8,507,558 - - Cost of purchasing CPO 128,580 107,210 - - Cost of petrol, diesel and natural gas 143,002 160,333 - - Service charge on CPO trading 5,415 317 - - Property, plant and equipment (Note 20): - Depreciation 672,397 647,270 1,919 4,430 - Write offs 14,486 24,488 1,155 15,255 - Loss/(gain) on disposal (net) 12 (80) - - Right-of-use assets (Note 21): - Depreciation 71,239 80,651 4,361 5,809 - Termination of lease contracts 1,300 31,928 - 9,074 Investment properties (Note 22): - Depreciation 12,321 12,417 882 881 Intangible assets (Note 23): - Amortisation 27,779 27,395 8,872 7,605 - Write offs 2,173 2,784 - 2,784 Write down of inventory to net realisable value 2,379 9,655 - - - Short-term lease payments 4,149 6,172 181 - - Rental of low value assets 2,876 4,985 - - - Rental of other equipment (service contracts) 13,277 19,887 - - Fair value changes in biological assets (net) 3,318 (11,892) - - Repairs and maintenance of refining plants and mills 182,645 155,191 - - Repairs and maintenance of motor vehicles 24,033 23,378 - - Principal auditors’ remuneration: - Audit fee 4,209 4,401 595 598 - Other assurance services 1,488 1,501 1,187 1,187 - Non-audit fee - current year 30 54 30 35 Member firms of principal auditors’ remuneration: - Audit fee 1,451 1,423 - -