ANNUAL REPORT 2014
73
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
5.
NATURE OF EXPENSES
The Group
2014
$’000
2013
$’000
Purchase of inventories
38,200
37,385
Changes in inventories
(1,107)
389
37,093
37,774
Sales and marketing expenses
28,781
25,052
Employee benefits (Note 25(a))
Depreciation of property, plant and equipment (Note 9)
23,410
5,415
21,548
5,378
Utilities
3,466
3,778
Repair and maintenance
3,443
3,307
Property tax
1,720
2,355
Auditors’ remuneration:
- Auditor of the Company:
- audit fees
394
382
- non-audit fees
6
3
- overprovision of audit fees in respect of prior year
(1)
(1)
- Other auditors:
- audit fees
29
30
- non-audit fees
Professional and legal fee
27
630
25
592
Trademark expenses
397
403
Impairment in value of available-for-sale financial assets
–
200
Loss on disposal and write-off of property, plant and equipment
108
73
Inventories written off
98
54
Allowance for impairment of receivables
1
39
Foreign exchange gain, net
(96)
(135)
6.
TAXATION
The Group
2014
$’000
2013
$’000
Tax expense attributable to profit is made up of:
Current taxation
Current year:
- Singapore
6,412
5,532
- Overseas
2,347
2,013
8,759
7,545
(Over)/under provision in respect of previous years:
- Singapore
(638)
29
- Overseas
(71)
(163)
(709)
(134)
