71
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
7.
Employee compensation
Group
2014
2013
$’000
$’000
Wages and salaries
31,060
22,877
Employers’ contribution to defined contribution plans
including Central Provident Fund
4,179
3,042
Other short-term benefits
391
450
Performance shares expense
72
–
35,702
26,369
8.
Finance expenses
Group
2014
2013
$’000
$’000
Interest expense on:
- Bank borrowings
1,970
1,229
- Finance lease liabilities
541
321
- Series 1 Notes (Note 21)
3,101
920
5,612
2,470
Less: Borrowing costs capitalised in and
property plant and equipment
(417)
–
5,195
2,470
Borrowing costs on general financing were capitalised at a rate of 5.75% per annum (2013: Nil).
9.
Income taxes
Group
2014
2013
$’000
$’000
Income tax expenses/(credit)
Tax expense/(credit) attributable to profit is made up of:
Profit from current financial year
- Current income tax – Singapore
279
499
- Deferred income tax (Note 23)
1,776
(1,061)
2,055
(562)
Under/(over) provision in prior financial years
- Current income tax – Singapore
124
(276)
- Current income tax – Malaysia
16
–
- Deferred income tax
(461)
1,513
1,734
675
