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SEE HUP SENG LIMITED
Annual Report 2012
61
Notes to the Financial Statements
31 DECEMBER 2012
5 Profit before Income Tax (Continued)
Group
2012 2011
S$’000 S$’000
Included in selling and distribution expenses:
Delivery and lighterage charges (1,049) (976)
Outward freight (1,755) (1,736)
Sales commission (940) (728)
Marketing and assistance plan (676) (502)
Storage costs (1,877) (1,336)
Included in finance costs:
– Hire purchase (52) (57)
– Term loans (70) (206)
– Trust receipt interest (1,092) (862)
Total finance costs (1,214) (1,125)
Included in other income:
Dividend income – 69
Interest income 434 47
Negative goodwill written off 18 –
Gain on disposal of property, plant and equipment 131 1,025
6 Income Tax
Group
2012 2011
S$’000 S$’000
Provision for tax in respect of results for the year:
– Current taxation 1,284 1,513
– Foreign taxation – current 196 262
– (Over)/Under provision of income tax in prior year (2) 77
1,478 1,852