76 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 12 PROFIT FOR THE FINANCIAL YEAR Profit for the financial year is stated after charging/(crediting): Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Matured estates operating expenses (collection, upkeep, cultivation and general charges) 663,584 309,779 - - Cost of raw materials and chemicals for production and manufacturing 16,420,972 13,055,808 - - Cost of purchasing CPO 1,605,527 596,675 - - Cost of petrol, diesel and natural gas 391,054 250,225 - - Service charge on CPO trading 1,185 1,608 - - Property, plant and equipment (Note 19): - Depreciation 619,960 663,619 1,701 2,403 - Write offs 41,510 9,135 - - - (Gain)/loss on disposal (net) (2,156) (803) 96 - - Impairment* 78,192 59,914 - - Right-of-use assets (Note 20): - Depreciation 76,726 68,825 4,361 4,361 - Write offs - 185 - - - Reversal of impairment* - (319) - - Investment properties (Note 21): - Depreciation 7,752 12,258 882 882 Intangible assets (Note 22): - Amortisation 13,709 20,568 4,782 9,490 Biological assets (Note 31) - Write off 25 - - - - Loss on disposal 619 - - - Assets held for sale (Note 36): - Reversal of impairment (15,100) - - - - Gain on disposal - (927) - - Inventories written off 8,694 9,157 - - Termination of lease contracts (net) 326 (12) - - Short-term lease payments 12,607 8,618 24 23 Rental of low value assets 6,487 4,743 - - Rental of other equipment (service contracts) 48 67 - - Repairs and maintenance of refining plants and mills 234,665 211,031 - - Repairs and maintenance of motor vehicles 30,801 27,122 - - Transportation, loading and handling 338,005 251,940 - - * Impairment of property, plant and equipment and reversal of impairment of right-of-use assets are included in cost of sales
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