Page 157 - S P Setia Annual Report 2013
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Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 155





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






32. cOSt OF SaleS
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Cost of properties sold 1,911,773 1,454,537 - -
Contract cost recognised as expense 112,203 108,525 - -
Cost of other goods and services sold 94,502 100,634 - -
2,118,478 1,663,696 - -

33. OtHeR OPeRatinG incOme
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Gross dividends from
- subsidiary companies - - 241,800 197,984
- jointly controlled entities - - 11,568 1,987
Interest income from
- subsidiary companies - - 80,301 57,166
- jointly controlled entities 4,486 4,708 14,184 15,696
- deposits 23,390 15,785 20,249 12,524
- fnancial assets measured at amortised cost 685 653 5,273 3,568
- others 20,504 16,187 331 186
Rental income from investment properties 6,895 4,930 - -
Rental received from operating leases other than those relating to
investment properties 1,716 880 - -
Impairment of investments in subsidiary companies no longer required - - 1 -
Allowance for doubtful debts no longer required 69 11 8,013 -
Gain on disposal of investment properties 9,192 2,456 - 233
Gain arising from fair value adjustment on fnancial liabilities carried at
amortised cost 18,158 - 119 -
Liquidated damages on late completion 3,769 - - -
Management fee - - 6,966 33,911
Others 19,602 19,416 2,477 424
108,466 65,026 391,282 323,679


34. Finance cOStS
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Amortisation of bond discount - - 416 6,955
Bank overdraft interest 2,331 1,752 1,304 631
Bond interest 91 226 343 5,000
Revolving credits interest 8,415 3,833 7,902 3,066
Bridging loan interest 16,882 3,525 10,260 3,525
Term loan interest 19,813 5,169 19,219 1,432
Others 9,555 518 1,025 -
57,087 15,023 40,469 20,609
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