FGV Annual Report 2012

49 F i n a n c i a l S t a t e m e n t s 2 0 1 2 P e n y a t a K e w a n g a n 11 PROFIT/(LOSS) BEFORE TAXATION (continued) Profit/(loss) before taxation is stated after charging/(crediting): Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Biological assets (Note 28): – Accelerated depreciation 8,656 – – – – Impairment loss 4,316 – – – –Write off 13,638 4,509 – – (Gain)/loss on disposal of subsidiaries – (68,220) 4,528 (532,936) Impairment loss on investment in a subsidiary (Note 21) – – 115,356 743,700 Loss on disposal of jointly controlled entity – – 36,890 – Impairment loss on investment in a jointly controlled entity (Note 23) – – – 29,014 Impairment of loan due from other related company (Note 25) 26,952 – – – Provisions (Note 43) – 1,421 – – (Reversal of)/impairment of receivables (79) 79 – – (Reversal of)/provision for inventory write down (536) 1,293 – – Rental – land and buildings 1,886 1,398 481 549 – other equipment 421 320 421 260 Repair and maintenance of refining plants and mills 34,127 21,019 – – Principal auditors’remuneration: – Audit fee 865 524 225 190 – Non-audit fee@ 5,339 153 5,269 – Other auditors’remuneration: – Audit fee 1,484 1,385 – – – Non-audit fee 2,820 328 2,820 4 Staff costs* 955,428 755,023 32,401 19,990 Net realised foreign exchange loss 4,838 – 3,404 – Net unrealised foreign exchange loss/(gain) 2,905 (4,565) 947 (1,383) Share based payment 25,723 – 25,723 – IPO expenses 35,422 3,130 35,422 3,130 Financial guarantee contract expense – – 13,476 – @ Non-audit fee paid to principal auditor mainly relates to IPO expenses. * Staff costs (excluding Directors’remuneration) are analysed as follows: Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Wages, salaries and bonuses 671,171 558,516 26,344 16,998 Defined contribution plan 54,171 40,526 3,429 1,962 Defined benefit plan 2,521 78 21 24 Other employee benefits 227,565 155,903 2,607 1,006 955,428 755,023 32,401 19,990 Staff costs included in the costs of sales amount to RM810,988,000 (2011: RM715,446,000) and RM19,223,000 (2011: RM22,549,000) for the Group and Company respectively.