Fraser & Neave Holdings Bhd Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 06 Financial Statements 189 NOTES TO THE FINANCIAL STATEMENTS 24. PROFIT FOR THE YEAR Group Company Note 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Profit for the year is arrived at after charging/(crediting): Auditors’ remunerations: – Audit fees 701 813 90 100 – Non-audit fees 284 220 179 178 Advertising and promotion expenses 208,698 204,459 – – Amortisation of intangible assets 6 2,353 2,948 – – Bad debts recovered (64) (35) – – Depreciation of property, plant and equipment 3 100,065 88,066 – – Distributor incentives, discounts and rebates 743,680 655,276 – – Impairment loss: – Plant and equipment 3 363 149 – – – Trade receivables 29(D) 511 491 – – Inventories written down 12 3,333 6,626 – – Inventories written off 12 8,485 4,950 – – Net fair value loss/(gain) on derivatives 50 (1,330) – – Net loss/(gain) on disposal of plant and equipment 417 (687) – – Net realised foreign exchange loss 1,734 5,788 14 55 Net unrealised foreign exchange (gain)/loss (201) 428 18 (19) Plant and equipment written off 3,298 2,534 – – Rental expense: – Premises 32,646 30,273 – – – Equipment 10,970 9,970 – – Rental income from premises (1,177) (1,149) – – Reversal of impairment loss: – Plant and equipment 3 (697) (2,337) – – – Trade receivables 29(D) (199) (551) – – Reversal of inventories written down 12 (433) – – – Royalties: – Holding company 3,221 5,743 – – – Related companies 50,898 44,666 – – – Third parties 91,070 81,060 – – Personnel expenses (including compensation of key management personnel) – Contributions to state plans 26,698 25,186 – – – Expenses related to defined benefit plans 17 6,567 3,842 – – – Share-based payment expense 2,275 7,221 – – – Wages, salaries and others 270,184 261,631 – – – Restructuring costs charged/(reversed) 2,109 (3,525) – –