ESR Group Limited Interim Report 2023 Notes to Condensed Consolidated Financial Information 30 June 2023 65 5. PROFIT BEFORE TAX (continued) The Group’s profit before tax is arrived at after charging: (continued) (b) Other items For the six months ended 30 June 2023 2022 (Unaudited) (Unaudited) US$’000 US$’000 Amortisation of other intangible assets (note (i)) 13,855 14,428 Auditor’s remuneration 2,074 1,521 Construction cost (note (ii)) 2,699 151 Depreciation of property, plant and equipment 3,211 2,763 Depreciation of right-of-use assets 5,950 6,178 Exchange losses – 1,056 Loss on disposal of items of property, plant and equipment 47 367 Other tax expenses 7,885 8,931 Professional service fee 12,490 52,357 Notes: (i) Amortisation of other intangible assets for the six months ended 30 June 2023 and 2022 are included in “Administrative expenses” in the condensed consolidated statement of profit or loss and other comprehensive income. (ii) Construction costs for the six months ended 30 June 2023 and 2022 are included in “Cost of sales” in the condensed consolidated statement of profit or loss and other comprehensive income. 6. FINANCE COSTS For the six months ended 30 June 2023 2022 (Unaudited) (Unaudited) US$’000 US$’000 Interest expense on bank loans 147,186 76,674 Interest expense on other borrowings 980 725 Interest expense on bonds 8,693 18,949 Interest expense on convertible bonds 2,603 2,603 Interest accretion on convertible bonds (note (i)) 5,289 5,036 Interest expense on lease liabilities 850 702 165,601 104,689 Less: Interest capitalised (6,812) (5,381) 158,789 99,308 Note: (i) Related to non-cash portion associated with the equity element of the convertible bonds.
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