7. LOSS BEFORE INCOME TAX In addition to the charges and credits disclosed elsewhere in the notes to the financial statements, the above includes the following charges: Group 2024 2023 $’000 $’000 (Restated) Cost of sales Construction costs 153,412 193,432 Cost of inventories – 3,375 Employee benefit expenses 15,896 18,234 Depreciation of property, plant and equipment 6 7 Depreciation of investment properties – 166 Reversal on allowance for inventory obsolescence – (12) Administrative and other expenses Audit fees – Auditors of the Company 196 184 – Other auditors 14 43 Non-audit fees – Auditors of the Company – 10 Amortisation of intangible assets 99 160 Depreciation of property, plant and equipment 2,376 2,377 Depreciation of right-of-use assets 2,415 2,513 Employee benefit expenses 3,001 3,776 Provision of loss allowance on long term interests 4,000 – (Reversal)/impairment loss on investment of an associate (27,285) 8,532 Loss on liquidation of a subsidiary – 1,746 Loss on unrealised foreign exchange, net 6,047 4,626 Professional fees 891 471 The loss before income tax also includes: Group 2024 2023 $’000 $’000 (Restated) Employee benefit expenses: Salaries, wages, bonuses and other staff benefits 18,084 20,994 Contributions to defined contribution plans 813 1,016 18,897 22,010 Included in the employee benefit expenses were directors’ remuneration as shown in Note 32 to the financial statements. 8. INCOME TAX EXPENSE Group 2024 2023 $’000 $’000 (Restated) Current income tax – current financial year – 1,166 – over provision in prior financial years – (536) – 630 Deferred income tax – origination and reversal of temporary differences (Note 31) – (62) Total income tax expense recognised in profit or loss – 568 89 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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