121 ANNUAL REPORT 2024 Notes to The Financial Statements 31 December 2024 6. Finance costs Group 2024 2023 $ $ Interest expense: - Bills payable to banks 1,030,295 962,184 - Bank loans 656,349 838,812 - Bank overdraft 56,179 81,569 - Lease liabilities (Note 27) 166,964 154,375 Total finance costs 1,909,787 2,036,940 7. Employee compensation Group 2024 2023 $ $ Wages and salaries 16,521,855 15,155,012 Contributions to defined contribution plans 1,535,048 1,324,304 Total employee compensation (Note 5) 18,056,903 16,479,316 8. Income tax expense 8A. Components of tax expense recognised in profit or loss include Group 2024 2023 $ $ Current tax expense: Current year 772,527 499,314 (Over)/under adjustments to current tax in respect of prior years (15,024) 57,898 Withholding taxes 106,213 103,422 Subtotal 863,716 660,634 Deferred tax (income)/expense: Current year 25,891 (218,037) (Over)/under adjustments to deferred tax in respect of prior years (110,270) 13,088 Subtotal (84,379) (204,949) Total income tax expense 779,337 455,685
RkJQdWJsaXNoZXIy NTkwNzg=