FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 220 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 11 PROFIT/(LOSS) FOR THE FINANCIAL YEAR Profit/(loss) for the financial year is stated after charging/(crediting): Group Company 2016 RM'000 2015 RM'000 (Restated) 2016 RM'000 2015 RM'000 (Restated) Matured estates operating expenses (collection, upkeep, cultivation and general charges) 318,684 397,590 - - Cost of raw materials and chemicals for production and manufacturing 10,170,446 9,794,520 - - Cost of purchasing CPO 2,823,308 2,267,330 - - Cost of petrol, diesel and natural gas 132,522 172,171 - - Service charge on CPO trading 10,161 4,997 - - Property, plant and equipment (Note 19): - Depreciation 677,792 619,791 5,954 5,261 - Impairment loss 89,098 10,856 - - - Reversal of impairment (1,277) (165,801) - - - Write offs 17,973 37,561 3 1 - Loss on disposal 7 121 - - Investment properties (Note 20): - Depreciation 11,912 11,770 435 435 Intangible assets (Note 21): - Impairment 11,818 40,243 - - - Amortisation 33,275 47,188 6,227 4,533 - Write offs - 27 - - Prepaid lease payments (Note 25) - Amortisation 5,122 3,581 - - - Provision for/(reversal of) impairment loss 2,515 (76) - - - Write offs - 1,166 - - Biological assets (Note 28): - Amortisation 128 150 - - - Write offs 68 49 - - Assets held for sale: - Accelerated depreciation 586 2,326 - - - (Gain)/Loss on disposal (1,414) 1,414 - - Impairment of receivables (net) 37,040 1,814 - - Write down of inventory to net realisable value 411 6,649 - - Rental - land and buildings 57,306 36,017 13,208 8,838 - plant, machinery and storage tanks 20,464 22,133 - - - other equipment 32,171 22,935 7,373 255 Repair and maintenance of refining plants and mills 99,853 99,034 - - Repair and maintenance of motor vehicles 29,749 25,054 - -