Annual Report 2020

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020 94 The United Laboratories International Holdings Limited Annual Report 2020 12. PROFIT FOR THE YEAR 2020 2019 RMB’000 RMB’000 Profit for the year has been arrived at after charging: Auditor’s remuneration 4,775 4,865 Depreciation Depreciation of right-of-use assets 8,306 74,698 Depreciation of property, plant and equipment 593,447 588,427 Amortisation of intangible assets (included in cost of sales) 12,712 12,607 Staff costs, including directors’ emoluments Salaries and other benefits costs 1,047,329 1,069,640 Contributions to retirement benefit schemes 98,602 119,944 1,145,931 1,189,584 Write-down of inventories, net (included in cost of sales) 5,263 8,825 Cost of inventories recognised as expenses 4,966,270 4,771,336