86 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 12 PROFIT FOR THE FINANCIAL YEAR Profit for the financial year is stated after charging/(crediting): Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Matured estates operating expenses (collection, upkeep, cultivation and general charges) 514,302 663,584 - - Cost of raw materials and chemicals for production and manufacturing 12,290,349 16,420,972 - - Cost of purchasing CPO 1,202,941 1,605,527 - - Cost of petrol, diesel and natural gas 401,755 391,054 - - Property, plant and equipment (Note 19): - Depreciation 661,503 619,960 1,441 1,701 - Write offs 9,674 41,510 - - - (Gain)/loss on disposal (net) (5,142) (2,156) - (96) - Impairment* 81,308 78,192 - - Right-of-use assets (Note 20): - Depreciation 80,318 76,726 4,361 4,361 - Reversal of impairment* (491) - - - Investment properties (Note 21): - Depreciation 7,705 7,752 882 882 Intangible assets (Note 22): - Amortisation 12,549 13,709 2,883 4,782 - Impairment* 44,683 - - - Biological assets (Note 30) - Write off 79 25 - - - Loss on disposal 1,014 619 - - Assets held for sale (Note 36): - Reversal of impairment - (15,100) - - - Loss on remeasurement 2,328 - - - - Gain on disposal (8,381) - - - Inventories written off 5,136 8,694 - - Termination of lease contracts (net) 299 326 - - Short-term lease payments 17,849 12,607 27 24 Rental of low value assets 9,676 6,487 - - Rental of other equipment (service contracts) 29 48 - - Repairs and maintenance of refining plants and mills 252,597 234,665 - - Repairs and maintenance of motor vehicles 30,810 30,801 - - Transportation, loading and handling 289,295 338,005 - - * Net impairment of property, plant and equipment, intangible assets (other than goodwill) and reversal of impairment of right-of-use assets are included in cost of sales.
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