7. PROFIT/(LOSS) BEFORE INCOME TAX In addition to the charges/(credits) disclosed elsewhere in the notes to the financial statements, the above includes the following charges: Group 2025 2024 $’000 $’000 Cost of sales Construction costs 149,898 153,412 Employee benefit expenses 11,960 15,896 Depreciation of property, plant and equipment 23 6 Administrative and other expenses Audit fees – Auditors of the Company 200 196 – Other auditors 12 14 Non-audit fees – Auditors of the Company – – Amortisation of intangible assets 43 99 Depreciation of property, plant and equipment 1,950 2,376 Depreciation of right-of-use assets 706 2,415 Employee benefit expenses 2,617 3,001 Reversal of impairment loss on investment of an associate – (27,285) (Reversal)/provision of loss allowance on long term interests* (3,600) 4,000 Loss on unrealised foreign exchange, net – 6,047 Professional fees 778 891 * Long-term interests refer to the non-current amount due from an associate, presented under Amount due from associate in the statement of financial position (Note 13) The profit/(loss) before income tax also includes: Group 2025 2024 $’000 $’000 Employee benefit expenses: Salaries, wages, bonuses and other staff benefits 13,937 18,084 Contributions to defined contribution plans 640 813 14,577 18,897 Included in the employee benefit expenses were directors’ remuneration as shown in Note 30 to the financial statements. 8. INCOME TAX EXPENSE Group 2025 2024 $’000 $’000 Current income tax – current financial year – – – over provision in prior financial years – – – – Deferred income tax – origination and reversal of temporary differences (Note 29) – – Total income tax expense recognised in profit or loss – – ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 89 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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