75
ANNUAL REPORT 2014
NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
25 Profit for the year
The following items have been included in arriving at profit for the year:
Group
Note
2014
2013
$
$
Amortisation of deferred revenue
(1,300,000)
(1,300,000)
Amortisation of club memberships
–
137,180
Amortisation of intangible assets
5
625,218
372,333
Depreciation of investment property
6
48,130
288,779
Depreciation of property, plant and equipment
4 2,961,255 3,125,852
Bad debts written-off
155,401
105,035
Staff costs
25,493,069 22,945,991
Contributions to defined contribution plans, included in staff costs
1,150,873 1,148,832
Foreign exchange loss – net
153,566
373,238
Impairment loss on trade and other receivables recognised
19
218,904
544,626
Impairment loss on trade and other receivables written-back
19
(76,270)
(292,026)
Allowance for inventory obsolescence recognised
155,287
–
Audit fees paid to:
- auditors of the Company
- current year
267,400
215,756
- under provision in respect of prior year
48,817
–
- other auditors
7,658
5,069
Non-audit fees paid to:
- auditors of the Company
45,804
41,642
Operating expenses arising from rental of investment property
251,265
373,417
Operating lease expenses
5,130,575 6,295,747
Plant and equipment written-off
393,294
26,353
Intangible assets written-off
1,352
–
26 Earnings per share
Profit attributable to ordinary shareholders
Group
2014
2013
$
$
Basic and diluted earnings per share are based on:
Net profit attributable to ordinary shareholders
3,098,607 508,813
