NOTES TO FINANCIAL STATEMENTS
30 June 2015
Annual Report 2015
Karin Technology Holdings Limited
81
6.
PROFIT BEFORE TAX
The Group’s profit before tax is arrived at after charging/(crediting):
Group
2015
Notes
HK$’000
HK$’000
Cost of inventories sold
2,876,900
Cost of services provided
90,766
(Reversal of write-down)/write-down of inventories to net
realisable value and write-off of obsolete inventories*
(3,229)
1,207
Depreciation
11
36,856
Fair value loss on revaluation of land and buildings
#
11
921
–
Fair value losses/(gains) on investment properties
#
12
202
Fair value losses on derivative financial instruments, net
#
20
217
1,001
Foreign exchange differences, net
224
Operating lease rentals in respect of land and buildings
10,341
Auditors’ remuneration
1,500
Employee benefit expense (excluding directors’
remuneration
(note 32(b)))
:
Wages and salaries
102,246
Pension scheme contributions
7,308
Expense recognised in respect of
treasury shares awarded
–
_________
_________
109,554
107,673
Impairment/(reversal of impairment) of trade receivables
#
17(b)
2,336
Loss on disposal of items of property,
plant and equipment
#
88
91
_________
*
The amount is included in “Cost of sales” on the face of the consolidated statement of profit or loss and other
comprehensive income.
#
The fair value losses on derivative financial instruments, net, the fair value losses in investment properties, fair value loss
on revaluation of land and buildings, the impairment/(reversal of impairment) of trade receivables and loss on disposal
of items of property, plant and equipment are included in “Other expenses, net” on the face of the consolidated
statement of profit or loss and other comprehensive income.
7.
FINANCE COSTS
Group
2015
HK$’000
HK$’000
Interest on bank and other borrowings
1,906
2,006
Interest on finance leases
33
10
______
______
1,939
2,016
