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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

11 PROFIT/(LOSS) BEFORE ZAKAT AND TAXATION – CONTINUING OPERATIONS

Profit/(Loss) before zakat and taxation is stated after charging/(crediting):
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000

Cost of raw sugar consumed 1,326,838 1,293,728 - -
Changes in inventories of work in progress,
refined sugar and molasses 44,767 359,794 - -
Inventories written off 1,376 1,537 - -
Allowance for inventory obsolescence 18,545 - - - 179
Inventories written down to net realisable value - 49,432 - -
Distribution and transport expenses 26,101 25,272 - -
Natural gas and fuel consumed 155,884 154,003 - -
Property, plant and equipment
- Depreciation 72,830 78,849 657 707
- Write offs 1,393 1,444 - 264
- Gain on disposal of property, plant and equipment (18) - - -
- (Reversal of impairment)/Impairment loss (3,807) 130,637 - -
Right-of-use assets
- Depreciation 3,001 3,643 496 835 MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
- (Reversal of impairment)/Impairment loss (7,968) 7,968 - -
Intangible assets
- Amortisation 5,709 8,722 1,474 1,778
- Impairment loss - 179 - -
- Write offs 534 1,086 534 1,080
Amortisation of advance payment 2,204 1,508 - -
Asset held for sale
- Loss on disposal 12 - - -
- Written off 387 480 - -
Loan modification (credit)/charge (11,695) 26,818 (11,695) 26,818
Principal auditors’ remuneration
- Audit fee – current year 507 552 161 161
- Audit fee – prior year - 7 - 7
- Other assurance services 284 284 284 284
Other auditors’ remuneration
- Audit fee 61 19 - -
Repair and maintenance 45,074 49,393 1,193 1,318
Tyre expenses 301 497 - -
Diesel and fuel 2,444 2,303 - -
Staff costs* 79,462 77,953 10,311 10,494
Rental expenses for short term leases and low value assets 624 4,702 - 20
Unrealised foreign exchange loss 2,627 - - -
Separation cost 11,445 - - -