L a p o r a n T a h u n a n 2 0 0 0 A n n u a l R e p o r t - ChartNexus

Notes to the Financial Statements (continued)For the financial period of seventeen months ended 31 December 20005 PROFIT FROM OPERATIONS (continued)and after charging:GroupCompany17 months Financial 17 months Financialended year ended ended year ended31.12.2000 31.7.1999 31.12.2000 31.7.1999RM RM RM RMAuditors’ remuneration 100,000 61,000 28,000 18,000Directors’ fees 151,000 151,000 151,000 151,000Directors’ emoluments other than fees 1,395,400 1,108,380 1,395,400 1,106,180Loss on disposal of property, plant andequipment – 1,613 – 7,301Management fees paid to a related company 70,589 62,274 – –Property, plant and equipment written off 621 23,962 – 11,381Provision for doubtful debts 527,723 3,229,289 – 200,000The estimated monetary value of benefits provided to Directors of the Company during the financial period byway of usage of the Company’s assets and provision of other benefits amounted to RM62,343 (31.7.1999:RM44,367).6 FINANCE COSTGroup17 months Financialended year ended31.12.2000 31.7.1999RMRMInterest expense on:– revolving credit 756,715 224,962– overdraft 25,101 19,376781,816 244,3387 TAXATIONCompany and subsidiary companiesGroupCompany17 months Financial 17 months Financialended year ended ended year ended31.12.2000 31.7.1999 31.12.2000 31.7.1999RM RM RM RMIncome tax:– current 5,994,858 – 6,039,800 3,263,401– prior years – 2,500,000 – 2,500,000Deferred taxation (Note 15 & 22) 869,839 418,708 – –Associated company6,864,697 2,918,708 6,039,800 5,763,401Income tax – current – 4,005 – –6,864,697 2,922,713 6,039,800 5,763,401UNITED MALAYAN LAND BHD49