Page 158 - S P Setia Annual Report 2013
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156 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

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






35. PROFit BeFORe taX
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Proft before tax is stated after (crediting)/charging:

Auditors’ remuneration
- current year 1,011 927 107 107
- under provision in prior years 9 24 - -
Bad and doubtful debts 1,019 9 30 5,669
Depreciation
- property, plant and equipment 15,350 12,357 61 65
- investment properties 8,732 3,773 10 13
Direct operating expenses on
- income generating investment properties 199 158 - -
- non-income generating investment properties 10 28 10 16
Development expenditure written off 303 - - -
Directors’ remuneration
- Company’s directors
- fees 896 928 896 928
- other emoluments 28,958 29,163 5,059 27,112
- share-based payment under LTIP 4,309 - - -
- subsidiaries’ directors
- fees 19 18 - -
- other emoluments 21,964 19,880 671 7,076
- share-based payment under LTIP 6,433 - - -
- jointly controlled entities’ directors
- fees - 2 - -
- other emoluments 857 2,071 - -
- share-based payment under LTIP 104 - - -
Gain on disposal of property, plant and equipment (704) (16) - (1)
Property, plant and equipment written off 6,252 75 - -
Impairment of property, plant and equipment - 350 - -
Impairment of investment properties - 9,373 - -
Impairment of investments in subsidiary companies - - - 19,828
Loss from fair value adjustment of fnancial assets - 24 18,331 3,346
Loss on disposal of an unquoted investment 40 - - -
Loss on disposal of subsidiary companies 21 - - -
Rental of
- offce equipment 5,793 333 81 98
- premises 4,864 2,714 94 231
(Gain)/Loss on foreign exchange (1,616) 2,758 - -
Impairment of investment in an associated company - 400 - -

Directors’ remuneration does not include the estimated monetary value of benefts-in-kind as follows:
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Company’s directors 1,734 1,303 961 1,253
Subsidiaries’ directors 230 174 20 40
Jointly controlled entities’ directors - 4 - -
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