Fraser & Neave Holdings Bhd Annual Report 2021

25. PROFIT FOR THE YEAR Group Company Note 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Profit for the year is arrived at after charging/ (crediting): Auditors’ remunerations Audit fees: – KPMG PLT 660 480 90 90 – Overseas a&liates of KPMG PLT 259 256 – – – Other auditors 20 14 – – Non-audit fees: – KPMG PLT 254 124 234 124 – Local a&liates of KPMG PLT 130 – – – – Overseas a&liates of KPMG PLT 56 68 – – Material expenses/(income) Advertising and promotion expenses 172,732 174,125 – – Amortisation of intangible assets 7 2,084 1,799 – – Bad debts recovered (31) (30) – – Depreciation of property, plant and equipment 3 108,677 104,907 – – Depreciation of right-of-use assets 4 25,094 25,865 – – Distributor incentives, discounts and rebates 669,895 713,683 – – Impairment loss: – Investments in subsidiaries 8 – – – 1,380 – Plant and equipment 3 3,043 582 – – Inventories written down 13 5,721 5,215 – – Inventories written o! 13 4,641 6,498 – – Gain on disposal of intangible assets – (7,805) – – Net fair value (gain)/loss on derivatives (197) 233 – – Net loss on disposal of plant and equipment 46 594 – – Net realised foreign exchange (gain)/loss (4,820) (203) 47 149 Net unrealised foreign exchange (gain)/loss (1,471) 843 (5) 23 Plant and equipment written o! 373 458 – – Rental income from premises (744) (999) – – Reversal of impairment loss on plant and equipment 3 (666) (538) – – Reversal of inventories written down 13 (1,577) (298) – – Royalties: – Related companies 58,126 49,477 – – – Third parties 91,570 91,388 – – Personnel expenses (including compensation of key management personnel) – Contributions to state plans 25,890 25,963 – – – Expenses related to defined benefit plans 18 2,709 4,739 – – – Employee share-based expense 4,062 7,952 – – – Wages, salaries and others 236,192 258,749 – – – Restructuring costs 20,884 – – – Financial Statements 223 Fraser & Neave Holdings Bhd ! Annual Report 2021