Page 216 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
9. OPERATING EXPENSES
Expenses by nature
9.1 Normal operating expenses
Group
2020 2019 N$’000 N$’000
Company
2019 N$’000
5,125 – –
665
270 4,593 – – 112,352 –
– 300 – 18,698 – – 85,648 1,900 22 220 – 185 2,846 – – 4,588
237,412
– – –
– 237,412
2020 N$’000
38,323 33,414 2,516 – 8,327 1,123 8,567 58,115 – – 12,316 – 3,670 5,931 96,459 76,714 38,109 15,874 1,028,262 20,184 13,657 10,391 101,133 15,812 13,091 14,014 24,372 59,806
5,319
577
300
5,452
744
10,300
88,311
2,281
14,283
52
298
31
–
–
–
–
–
–
–
–
–
–
–
1
–
–
–
1,700,180
115,060 12,515 10,977
127,949
–
–
–
138,552
1,838,732
127,949
–
Advertising and marketing 36,711 Amortisation of intangible assets (note 22) 48,080 Asset management fees 2,834 Auditor’s remuneration – – Audit fees 9,563 – Fees for other services 1,058 Non-executive directors’ emoluments 9,459 Depreciation of property and equipment (note 23) 128,967 Finance costs 7,950 Impairment on investments – Insurance costs 16,112 Impairment loss on intangible assets 18,205 Motor vehicle costs 2,786 Office expenses 9,648 Operating lease rentals – immovable property 3,535 Professional services 55,361 Repairs and maintenance 19,668 Security expenses 18,543 Staff costs (note 8) 1,092,376 Stamp duty 17,577 Stationery and printing 16,701 Subscription fees 8,910 Technology costs 138,145 Telephone, postage and courier costs 15,421 Travelling 9,414 Valuation fees 10,426 Water and electricity 25,247 Other expenses 42,772
1,765,469
9.2 Fee and commission expenses
Association transaction fees 114,560 Cash handling fees 9,914 Commission 10,934
135,408
Total operating expenses 1,900,877
Research and development costs of N$129,566 (2019: N$1.2 million) are included in operating expenses above.
214