Megachem Limited Annual Report 2015 93 Notes to the Financial Statements 31 December 2015 4. Expense by nature Group 2015 2014 $ $ Cost of inventories (Note 15) 81,085,007 87,363,789 Depreciation of investment property (Note 11) 3,337 3,639 Depreciation of property, plant and equipment (Note 10) 1,469,557 1,509,623 Employee compensation (Note 6) 13,260,270 12,259,806 Changes in fair value of financial liabilities at fair value through profit or loss (Note 24) 50,595 51,085 Net foreign exchange translation loss 83,054 – Impairment of doubtful trade receivables 104,377 120,654 Rental on operating leases 2,697,824 2,097,666 Inventories written off (Note 15) 285,874 715,975 Other expenses 7,727,941 8,532,386 5. Finance costs Group 2015 2014 $ $ Interest expense: - bills payable to banks 280,582 287,217 - term bank loans 311,976 204,858 Total finance costs 592,558 492,075 6. Employee compensation Group 2015 2014 $ $ Wages and salaries 12,014,542 11,277,487 Contributions to defined contribution plans 1,245,728 982,319 Total employee compensation (Note 4) 13,260,270 12,259,806
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