NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 32 PROFIT FOR THE YEAR The following items have been included in arriving at profit for the year: Group Note 2025 2024 $’000 $’000 Other income Gain on disposal of a subsidiary 39 88,434 91,894 Gain on disposal of investments in joint ventures 475,097 – Gain on liquidation of a subsidiary 1,076 – Gain on insurance claims 9,477 16,555 Management fees and miscellaneous income 19,875 24,993 Profit on sale of property, plant and equipment and investment properties 106,387 138,573 700,346 272,015 Staff costs Contributions to defined contribution plans 54,088 50,199 Increase in liability for defined benefit plans 25 227 337 Decrease in liability for short-term accumulating compensated absences (11) (1,057) Long-term benefits 3,918 3,918 Wages and salaries 725,686 687,013 783,908 740,410 Less: Staff costs capitalised in: – development properties (11,703) (22,494) – investment properties (723) (605) – property, plant and equipment (155) – 771,327 717,311 Other expenses Amortisation of intangible assets 517 603 Audit fees paid to: – auditors of the Company and other firms affiliated with KPMG International Limited* 7,201 7,292 – other auditors 333 353 Non-audit fees: – auditors of the Company and other firms affiliated with KPMG International Limited* 2,255 2,392 – other auditors – 55 Depreciation of: – property, plant and equipment# 4 151,420 141,176 – investment properties 5 137,801 135,544 Direct operating expenses arising from rental of investment properties (excluding depreciation) 195,075 193,451 ANNUAL REPORT 2025 | 181
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