12 PROFIT FOR THE FINANCIAL YEAR Profit for the financial year is stated after charging/(crediting): Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Matured estates operating expenses (collection, upkeep, cultivation and general charges) 680,000 514,302 – – Cost of raw materials and chemicals for production and manufacturing 14,496,117 12,290,349 – – Cost of purchasing CPO 1,028,922 1,202,941 – – Cost of petrol, diesel and natural gas 401,440 401,755 – – Property, plant and equipment (Note 19): – Depreciation 666,330 661,503 1,268 1,441 – Write offs 5,822 9,674 – – – Gain on disposal (net) (1,603) (5,142) – – – Impairment* 116,822 81,308 – – Right-of-use assets (Note 20): – Depreciation 84,839 80,318 4,361 4,361 – Impairment/(reversal of impairment)* 40,337 (491) – – Investment properties (Note 21): – Depreciation 7,075 7,705 882 882 Intangible assets (Note 22): – Amortisation 16,193 12,549 1,942 2,883 – Impairment* 4,780 44,683 – – Biological assets (Note 31) – Write off 343 79 – – – Loss on disposal 895 1,014 – – Assets held for sale (Note 36): – Loss on remeasurement – 2,328 – – – Gain on disposal – (8,381) – – Allowance for inventories obsolescence 6,948 5,230 – – Inventories written off 9,535 5,136 – – Termination of lease contracts (net) (2,261) 299 – – Short-term lease payments 15,093 17,849 22 27 Rental of low value assets 8,544 9,676 – – Rental of other equipment (service contracts) 28 29 – – Repairs and maintenance of refining plants and mills 247,177 252,597 – – Repairs and maintenance of motor vehicles 32,996 30,810 – – Transportation, loading and handling 266,255 244,405 – – * Net impairment/(reversal of impairment) amounting to RM161,939,000 of property, plant and equipment, intangible assets (other than goodwill) and right-of-use assets are included in cost of sales. Notes to the Financial Statements For the financial year ended 31 December 2024 77
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