5.
OTHER OPERATING INCOME
Group
2015
2014
$’000
$’000
Allowance for doubtful trade receivables no longer required,
now written back
69
45
Bad debts recovered
44
1
Write back of allowance for stock obsolescence
5
–
Discount received
9
–
Claims and compensation received
160
261
Fair value gain on investment held for trading
234
57
Gain on disposal of property, plant and equipment
95
135
Interest income
– fixed deposits
68
15
– current accounts with banks
6
30
Operating lease income
2,123
2,329
Foreign exchange gain, net
–
224
Warehouse and handling fee income
4,382
728
Recognition of deferred income (Note 23)
1,429
1,429
Sundry income
299
308
8,923
5,562
6.
FINANCE COSTS
Group
2015
2014
$’000
$’000
Interest expense
– bankers’ acceptance
–
18
– finance lease
6
6
– term loans
231
287
– trust receipts
2
487
– late payment
–
24
239
822
Other finance costs
– invoice financing
–
29
239
851
77
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
