Expenses by nature |
20. Expenses by nature
|
|
|
|
For the year ended December 31, |
|
|
|
Note |
|
2023 |
|
|
2024 |
|
|
|
|
|
MYR |
|
|
MYR |
|
|
USD |
|
Cost of revenue |
|
|
|
|
|
|
|
|
|
|
|
- Construction cost |
|
|
|
|
|
6,041,901 |
|
|
|
2,170,000 |
|
|
|
485,513 |
|
- Depreciation and amortization |
|
|
(ii) |
|
|
24,888 |
|
|
|
229,365 |
|
|
|
51,318 |
|
- Consulting fees |
|
|
(iii) |
|
|
2,330,000 |
|
|
|
6,667,000 |
|
|
|
1,491,666 |
|
- Vegetable costs |
|
|
|
|
|
934,681 |
|
|
|
16,838,559 |
|
|
|
3,767,437 |
|
- Planting related costs |
|
|
|
|
|
499,744 |
|
|
|
59,280 |
|
|
|
13,263 |
|
- Wages and benefits |
|
|
(i) |
|
|
376,560 |
|
|
|
81,506 |
|
|
|
18,236 |
|
|
|
|
|
|
|
10,207,774 |
|
|
|
26,045,710 |
|
|
|
5,827,433 |
|
| |
| |
For the year ended December 31, | |
| |
Note | |
2023 | | |
2024 | |
| |
| |
MYR | | |
MYR | | |
USD | |
Selling and promotion expenses | |
| | |
| | | |
| | | |
| | |
- Entertainment expenses | |
| | |
| 53,121 | | |
| 22,575 | | |
| 5,051 | |
- Marketing fees | |
| | |
| 381,224 | | |
| 186,043 | | |
| 41,625 | |
| |
| | |
| 434,345 | | |
| 208,618 | | |
| 46,676 | |
| |
| | |
| | | |
| | | |
| | |
General and administrative expenses | |
| | |
| | | |
| | | |
| | |
- Director fee | |
| (i),(iv) | |
| 120,000 | | |
| 1,000,000 | | |
| 223,739 | |
- Professional fees | |
| | |
| 503,556 | | |
| 2,955,710 | | |
| 661,307 | |
- Wages and benefits | |
| (i) | |
| 315,762 | | |
| 1,128,559 | | |
| 252,502 | |
- Depreciation and amortization | |
| (ii) | |
| 274,545 | | |
| 583,049 | | |
| 130,450 | |
- Commission paid | |
| | |
| 161,129 | | |
| 145,674 | | |
| 32,592 | |
- Office expenses | |
| | |
| 98,567 | | |
| 274,610 | | |
| 61,441 | |
- Others | |
| | |
| 1,779 | | |
| 11,862 | | |
| 2,654 | |
| |
| | |
| 1,475,338 | | |
| 6,099,464 | | |
| 1,364,685 | |
Total of cost of revenue, selling and promotion, and general and administrative expenses | |
| | |
| 12,117,457 | | |
| 32,353,792 | | |
| 7,238,794 | |
|
|
For the year ended December 31, | |
|
|
2023 | | |
2024 | |
|
|
MYR | | |
MYR | | |
USD | |
Director fee |
|
| 120,000 | | |
| 1,000,000 | | |
| 223,739 | |
Salaries and wages |
|
| 600,833 | | |
| 1,085,888 | | |
| 242,955 | |
Contributions to social security contribution plan |
|
| 75,013 | | |
| 105,351 | | |
| 23,571 | |
Welfare expenses |
|
| 16,476 | | |
| 18,826 | | |
| 4,212 | |
|
|
| 812,322 | | |
| 2,210,065 | | |
| 494,477 | |
(ii) | Depreciation and amortization |
|
|
For the year ended December 31, | |
|
|
2023 | | |
2024 | |
|
|
MYR | | |
MYR | | |
USD | |
Property, plant and equipment |
|
| 47,055 | | |
| 89,117 | | |
| 19,939 | |
Intangible assets |
|
| 16,106 | | |
| 243,183 | | |
| 54,409 | |
Right-of-use assets |
|
| 236,272 | | |
| 480,114 | | |
| 107,420 | |
|
|
| 299,433 | | |
| 812,414 | | |
| 181,768 | |
(iii) | The consulting fees mainly comprise design fees of CEA vertical farms, and consultation service fees on operating and managing the CEA vertical farms. |
| (iv) | During the year ended December 31, 2023, the director of the Company, which is also a shareholder of the Company, was entitled to an annual salary of MYR 120,000 of which the director waived to receive and was accordingly treated as a contribution by a shareholder. |
|