KIM HENG OFFSHORE & MARINE HOLDINGS LIMITED
ANNUAL REPORT 2014
92
NOTES
TO THE FINANCIAL STATEMENTS
18
OTHER INCOME
Group
2014
2013
$’000
$’000
Gain/(loss) on disposal of property, plant and equipment
1,069
(238)
Interest income
297
3
Miscellaneous income
1,082
1,077
2,448
842
19
FINANCE COSTS
Group
2014
2013
$’000
$’000
Interest paid and payable on:
- Bank overdrafts and term loans
296
461
- Finance lease liabilities
126
227
- Trust receipts
–
34
422
722
20
PROFIT BEFORE INCOME TAX
The following items have been included in arriving at profit before income tax:
Group
2014
2013
$’000
$’000
Operating lease expenses
1,813
2,058
Operating lease income
(1,794)
(2,202)
Staff costs
10,716
10,807
Contributions to defined contribution plans included in staff costs
1,075
1,164
Impairment recognised in relation to trade receivables
3,748
422
Reversal of allowance for inventory obsolescence
(246)
(3,998)
Depreciation of property, plant and equipment
4,031
4,427
Audit fees paid/payable to auditors
300
583
Non-audit fees paid/payable to auditors
36
138
Directors’ fees
265
40
Exchange (gain)/loss
(561)
102
