Megachem Limited Annual Report 2015 33 1.4 Operating expenses H2 2015 S$’000 H1 2015 S$’000 H2 2014 S$’000 S$’000 % S$’000 % Employee remuneration and related expenses 6,287 6,277 6,094 (10) (0.2) (193) (3.2) Net foreign exchange (gain)/loss (305) 389 - 694 178.6 305 100.0 Professional fees 346 270 363 (76) (28.0) 17 4.7 Travelling and transport 540 461 520 (79) (17.1) (20) (3.9) Rental 1,393 1,305 1,153 (88) (6.8) (240) (20.8) Variance Fav(Unfav) H2 2015 VS H1 2015 Variance Fav(Unfav) H2 2015 VS H2 2014 FY 2015 S$’000 FY 2014 S$’000 S$’000 % Bad debt recovered 70 63 7 10.8 Change in fair value of financial assets held for trading - listed equity security 10 60 (50) (83.3) Change in fair value of financial assets held for trading - forward foreign exchange contracts 32 47 (15) (31.6) Grant income 92 41 52 127.0 Net foreign exchange gain - 190 (190) (100.0) Variance Fav(Unfav) H2 2015 vs H1 2015 H2 2015 vs H2 2014 Other operating income in H2 2015 decreased as compared to both H1 2015 and H2 2014. The main factors causing the decrease were mainly lower fair value gain from listed equity security and forward foreign exchange contracts offset by higher grant income received. FY 2015 vs FY 2014 Other operating income decreased by S$182,000 or 38.7% to S$288,000 mainly due to net foreign exchange gain recorded in prior year of S$0.2 million, as opposed to net foreign exchange loss suffered this year of S$83,000, as well as lower fair value gain from listed equity security and forward foreign exchange contracts of S$65,000 in total. This was partially offset by an increase in grant income received of S$52,000. H2 2015 vs H1 2015 H2 2015 vs H2 2014
RkJQdWJsaXNoZXIy NTkwNzg=