25 PROFIT BEFORE TAX
Profit before tax is arrived at after deducting/(crediting) the following items:
Group
Note
2015
2014
$’000
$’000
Cost of inventories recognised in income statement
421,390
365,698
Directors’ remuneration
454
456
Exchange (gain)/loss
(5)
85
(Gain)/loss on disposal of property, plant and equipment and
intangible assets
(20)
49
Property, plant and equipment written off
–
131
Loss on disposal of a joint venture
409
–
Gains on disposal of subsidiaries
–
(11)
Audit fees paid to:
– auditors for the Company
252
281
– other auditors
54
60
Non-audit fees paid to:
– auditors for the Company
8
18
Operating lease expenses
7,588
7,326
Staff costs
45,350
42,182
Contributions to defined contribution plans, included in staff costs
3,209
2,768
Depreciation and amortisation expense
2,911
3,378
Share-based payments expenses, included in staff costs
23
419
348
Write-down of inventories to net realisable value
492
820
Additional contingent consideration
203
–
Other income
Government grants
362
121
Others (mainly rental and management service income)
269
489
631
610
Finance income
Interest income
– banks and financial institutions
130
156
– interest accretion
390
125
520
281
Finance costs
Interest paid and payable to banks
816
683
Interest accretion
183
389
999
1,072
103
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
