92
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
8.
PROFIT BEFORE INCOME TAX
Profit before income tax is stated after charging/(crediting):
Group
2015
2014
$’000
$’000
Employee benefits expense (Note 33)
15,586
12,398
Audit fees paid to auditors of the Company
229
226
Non-audit fees paid to auditors of the Company
21
34
Exchange gain on derivative asset (Note 16)
(967)
–
Exchange gain on bond receivable (Note 18)
(1,331)
–
Exchange gain on loan to external party (Note 18)
(2,355)
–
Operating lease expenses
923
644
Depreciation of property, plant and equipment
1,461
1,290
Impairment loss on trade receivables, net
481
141
Bad debts written off
30
51
Amortisation of intangible assets
227
218
Gain on disposal of investment property
(54)
–
Gain on disposal of property, plant and equipment
–
(12)
9.
INCOME TAX
The major components of income tax expense for the years ended 30 June 2015 and 2014 are:
Group
2015
2014
$’000
$’000
Current income tax:
Current income taxation
1,116
1,607
Under/(over) provision in respect of previous years
124
(128)
1,240
1,479
Deferred tax:
Origination and reversal of temporary differences
(103)
(5)
Under provision in respect of previous years
6
–
1,143
1,474
