80
Cordlife Group Limited
Annual Report 2016
Notes to
The Financial Statements
for the financial year ended 30 June 2016
8
Profit before income tax
Profit before income tax is stated after charging/(crediting):
Note
2016
$’000
Group
2015
$’000
Employee benefits expense
Audit fees paid to auditors of the Company
Non-audit fees paid to auditors of the Company
Exchange gain on derivative asset
Exchange gain on bond receivable
Exchange gain on loan to external party
Exchange loss on disposal of financial asset designated at fair value
through profit or loss and convertible bond
Operating lease expenses
Depreciation of property, plant and equipment
Impairment loss on trade receivables, net
Bad debts written off
Amortisation of intangible assets
Gain on disposal of investment property
Loss on disposal of property, plant and equipment
Premium paid on reinsurance
35
17
19
19
12
18
14
18,837
258
21
(1,939)
(1,794)
(2,821)
540
932
1,784
297
89
731
–
4
334
15,586
229
21
(967)
(1,331)
(2,355)
–
923
1,461
481
30
227
(54)
–
–
9.
Income tax
The major components of income tax expense for the years ended 30 June 2016 and 2015 are:
2016
$’000
Group
2015
$’000
Current income tax:
Current income taxation
775
1,116
Under provision in respect of previous years
159
124
934
1,240
Deferred tax:
Origination and reversal of temporary differences
(174)
(103)
Under provision in respect of previous years
–
6
760
1,143
