Page 71 - Agib Bank Ltd Annual Report and IFRS Financial statements 2020
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Leave Allowance 1,104 1,063
Other staff costs 4,776 2,556
Branch Allowance 428 420
Directors fees & Other emoluments 708 390
Sharia Advisors fees 180 180
Total employee benefit 38,388 33,482
2020 2019
13 Administration and general expenses
Medical Expenses 1,318 1,107
Operating lease expense 274 200
Utility Expenses 4,582 4,056
Generator Expenses 1,204 1,070
Repair & Maintenance 1,474 1,181
Computer Costs 4,006 3,465
Security Expenses 1,871 1,965
Vehicle Maintenance Expenses 965 908
Transport Expenses 169 256
Fuel/Lub Motor 2,764 2,409
Advertising Expenses 766 1,326
Public Relations 348 126
Printing & Stationery 4,756 1,724
Telephone & fax 1,578 1,265
Foreign Travel 1,682 414
Insurance Premiums 862 590
Auditors fees 764 805
Legal fees 358 43
Other Professional fees 796 754
Sundry Expenses 1,907 2,357
Gamswitch Expenses 1,490 1,998
Software Implementation 7,290 5,412
Oracle Service fee 2,602 2,000
ATM Expenses 2,820 1,153
Training & Dev. Expenses 1,008 2,228
Fringe Tax Benefit Expense 2,208 -
Cheque Book Charges 2,078 998
Western Union Expenses 44 60
Cleaning & Toiletries 1,683 958
Central Bank Penalty Charges 1,004 440
Trade License 2,791 2,109
Subscriptions 138 110
RTGS Expenses 1,716 4,672
Monitoring Expenses 111 63
Consultancy Fees - -
Bank Charges 453 221
Sport Expenses 265 178
Cash Movement 201 216
Legal & Admin Fees 337 674
Finance Cost – IDB Facility 1,835 7,233
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Annual Report and IFRS Financial Statements for the year ended 31 December 2020 70
