cover rationale - ChartNexus

6 PROFIT/(LOSS) FROM OPERATIONS (CONTINUED)
The aggregate amount of remunerations received/receivable by Directors of the Company
for the financial year are:
Group and Company
2002 2001
RM'000 RM'000
Non-executive Directors:
- fees 120 20
- emoluments 33 -
- estimated money value of benefits-in-kind 5 -
Executive Directors:
- salaries and bonus 1,586 1,399
- emoluments 345 585
- estimated money value of benefits-in-kind 173 71
7 FINANCE COSTS
Group Company
2002 2001 2002 2001
RM'000 RM'000 RM'000 RM'000
Arrangement fee for borrowings 8,207 12,163 5,701 10,206
Interest expense on:
- term loans 44,532 58,042 32,289 31,112
- bank overdraft, trust receipts and
bills payable 2,585 2,084 1,085 1,181
- hire purchase 1,066 1,874 400 244
- loan stock 671 673 - -
- intercompany advances - - 3,526 4,253
- others 30 - - -
Finance charges on bonds issue 30,258 9,834 - -
Realised exchange gain on foreign
currency borrowings (338) (2,017) (319) -
87,011 82,653 42,682 46,996
8 TAXATION
In Malaysia:
Current taxation 4,608 8,548 - -
Real property gain taxation 15 23 - -
Over provision in prior years (2,125) (11,086) - -
Deferred taxation (Note 18) 11,853 (6,619) - -
Share of taxation of associates 5,707 10,533 - -
20,058 1,399 - -
The effective tax rate at Group level for the current financial year is lower than the statutory
rate of taxation principally due to the exceptional gains realised by the Group upon disposal
of investments that are of capital nature and not subject to tax.
There is no tax charge at Company level for the current financial year as the Company does
not have any chargeable income.
Laporan Tahunan 2002 Annual Report
NOTES TO THE FINANCIAL STATEMENTS 31 AUGUST 2002 (CONTINUED)
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