FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 190 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 11 PROFIT/(LOSS) FOR THE FINANCIAL YEAR Profit/(loss) for the financial year is stated after charging/(crediting): Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Matured estates operating expenses (collection, upkeep,cultivation and general charges) 440,125 318,684 - - Cost of raw materials and chemicals for production and manufacturing 11,645,393 10,170,446 - - Cost of purchasing CPO 389,655 2,823,308 - - Cost of petrol, diesel and natural gas 180,673 132,522 - - Service charge on CPO trading 5,092 10,161 - - Property, plant and equipment (Note 18): - Depreciation 572,818 677,792 5,294 5,954 - Impairment loss (net) 14,417 87,821 - - - Write offs 22,901 17,973 1 3 - Gain on disposal (net) (303) (237) - - Investment properties (Note 19): - Depreciation 12,030 11,912 638 435 Intangible assets (Note 20): - Impairment loss - 11,818 - - - Amortisation 22,725 33,275 7,383 6,227 Prepaid lease payments (Note 24) - Amortisation 2,964 5,122 - - - Impairment loss - 2,515 - - Biological assets (Note 27): - Amortisation 93 128 - - - Write offs 5,852 68 - - Assets held for sale: - Write offs 111 - - - - Gain on disposal - (1,414) - - Financial assets at fair value through profit or loss - Write offs - 6,433 - - Impairment of receivables (net) 89,444 37,040 - - Impairment loss on amounts due from a significant shareholder 1,779 - - - Write down of inventory to net realisable value 5,979 411 - - Rental - land and buildings 52,718 57,306 9,304 13,208 - plant, machinery and storage tanks 20,649 20,464 - - - other equipment 26,071 32,171 3,465 7,373 Repairs and maintenance of refining plants and mills 117,271 99,853 - -