BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
105
Notes to the
Financial Statements
for the financial year ended 31December 2013
7.
Otheroperating expenses
The following items have been included in arriving at other operating expenses:
Group
2013
2012
$
$
Foreign exchange loss
–
871,495
Loss on disposal of property, plant and equipment
51,660
326
8.
Profitbeforetax
The following items have been included in arriving at profit before tax:
Group
2013
2012
$
$
Depreciation of property, plant and equipment
1,236,830 1,413,853
Consultancy service fee paid / payable to directors
177,735
187,110
Finance costs on loans and borrowings
7,670
121,913
Operating lease expenses
968,276 1,137,891
Employee benefit expense (including executive directors):
- Contributions todefined contribution plans
603,970
564,874
- Salaries, wages, bonuses and other costs
6,969,384 7,914,876
Audit fees paid to auditors of theCompany
174,000
178,666
Non-audit fees paid to:
- Auditors of theCompany
33,950
5,992
- Other auditors
82,739
62,145
Legal and other professional fees *
35,528 1,322,082
* Included in legal and other professional fees is an amount of $Nil (2012: $131,783) paid to a firm inwhich a director of theCompany is a director.
