KINGSMEN CREATIVES LTD
ANNUAL REPORT
2014
63
9.
Other expenses
The major and other selected components of other expenses include the following:
Group
2014
$’000
2013
$’000
Amortisation of intangible asset
91
–
Impairment loss on doubtful trade receivables
373
84
Audit fees
- Auditors of the Company
185
240
- Other auditors
206
226
Bad trade debts written off
68
128
Loss on disposal of interest in a subsidiary
17
–
Operating lease expenses
3,762
3,712
Property, plant and equipment written off
22
16
Selling and distribution expenses
1,459
1,251
Travelling and telecommunication expenses
1,899
2,374
Upkeep and maintenance expenses
610
605
Utilities
530
589
10.
Interest expense
Group
2014
$’000
2013
$’000
Interest expense on financial liabilities carried at amortised cost
- Obligations under finance leases
12
7
- Trust receipts, bank overdrafts and bank loans
229
269
241
276
11.
Income tax expense
Group
2014
$’000
2013
$’000
Current tax expense
Current year tax expense
3,814
3,785
Over provision in respect of prior years
(70)
(624)
3,744
3,161
Deferred tax (income)/expense
Deferred tax (income)/expense (Note 19)
(149)
462
(149)
462
Income tax expense
3,595
3,623
Notes to the Financial Statements
31 December 2014
