FGV Audited Financial Statements 2020

13 PROFIT/(LOSS) FOR THE FINANCIAL YEAR Profit/(loss) for the financial year is stated after charging/(crediting): Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Matured estates operating expenses (collection, upkeep,cultivation and general charges) 344,788 282,949 - - Cost of raw materials and chemicals for production and manufacturing 9,015,536 8,025,893 - - Cost of purchasing CPO 69,161 128,580 - - Cost of petrol, diesel and natural gas 215,186 143,002 - - Service charge on CPO trading 7,252 5,415 - - Property, plant and equipment (Note 20): - Depreciation 662,510 672,397 1,808 1,919 - Write offs 34,332 14,486 - 1,155 - (Gain)/loss on disposal (net) (4,119) 12 - - Right-of-use assets (Note 21): - Depreciation 84,334 71,239 4,361 4,361 Investment properties (Note 22): - Depreciation 12,260 12,321 882 882 Intangible assets (Note 23): - Amortisation 23,655 27,779 8,510 8,872 - Write offs - 2,173 - - Write down of inventories 3,589 2,379 - - Termination of lease contracts 496 - - - Short-term lease payments 3,922 4,149 60 181 Rental of low value assets 9,709 2,876 - - Rental of other equipment (service contracts) 68 13,277 - - Repairs and maintenance of refining plants and mills 226,747 182,645 - - Repairs and maintenance of motor vehicles 25,968 24,033 - - Principal auditors’ remuneration: - Audit fee 4,106 4,209 595 595 - Other assurance services 1,484 1,488 1,187 1,187 - Non-audit fee - current year 602 30 565 30 Member firms of principal auditors’ remuneration: - Audit fee 1,449 1,451 - Other firms of auditors’ remuneration: - Audit fee 132 339 - - Staff costs* 1,455,821 1,617,610 92,587 94,587 Professional and technical fees 24,396 17,785 6,866 7,370 Contributions to Yayasan Felda 5,000 5,000 - - Net realised foreign exchange (gain)/loss (5,946) 3,015 190 (73) Net unrealised foreign exchange loss/(gain) 7,326 (2,685) 59 363 Research and non-capitalised development costs 17,028 30,219 - - Construction cost recognised as an expense 2,155 7,992 - - Unwinding of discount for provision for asset retirement 437 459 - - Provision for litigation loss 19,802 - - - Transportation, loading and handling 261,251 219,777 - - 76 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020