Financial Statements - Mewah Group
Financial Statements - Mewah Group
Financial Statements - Mewah Group
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Building Capabilities<br />
Notes to the <strong>Financial</strong> <strong>Statements</strong><br />
For the financial year ended 31 December 2011<br />
6. Other income<br />
<strong>Group</strong><br />
2011 2010<br />
US$’000 US$’000<br />
Interest income on bank deposits 795 314<br />
Late interest charge on trade receivables 4,753 3,834<br />
Rental income 325 349<br />
Commission income 426 84<br />
Other miscellaneous income 1,574 580<br />
7,873 5,161<br />
Other miscellaneous income comprises mainly sales of by-products and waste.<br />
7. Other operating gains<br />
<strong>Group</strong><br />
2011 2010<br />
US$’000 US$’000<br />
Foreign exchange gains 35,212 6,208<br />
Property, plant and equipment written off (260) (977)<br />
Loss on disposal of property, plant and equipment (367) (81)<br />
Impairment of goodwill (Note 21) (2,717) -<br />
31,868 5,150<br />
8. Finance costs<br />
<strong>Group</strong><br />
2011 2010<br />
US$’000 US$’000<br />
Interest expense:<br />
- Bank borrowings 12,815 9,673<br />
- Finance lease 72 106<br />
12,887 9,779<br />
In 2011, borrowing costs of US$612,000 (2010: US$113,000) was capitalised in property, plant and equipment at a rate of 5.22%<br />
(2010: 4.67%) per annum.<br />
77