Page 187 - InterloopAnnualReport2020

NOTES TO THE UNCONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

34.3 Salaries, wages and benefits include Rs. 7.989 million (2019: Rs. 6.321 million) in respect of the provident
fund contribution.
2020 2019
Note (Rupees ‘000) (Rupees ‘000)
35. DISTRIBUTION COST
Staff salaries and benefits 35.1 223,008 193,008
Staff retirement gratuity 27.1.3 22,569 14,368
Sea and air freight 109,914 50,145
Shipping expenses 522,238 623,785
Selling commission 920,996 1,757,956
Export development surcharge 85,451 83,243
Marketing and advertisement 122,609 60,817
Others 479 397
2,007,264 2,783,719

35.1 Staff salaries and benefits include Rs. 1.173 million (2019: Rs. 0.961 million) in respect of the provident fund
contribution.

2020 2019
Note (Rupees ‘000) (Rupees ‘000)

36. ADMINISTRATIVE EXPENSES
Staff salaries and benefits 36.1 & 36.2 1,221,687 1,057,212
Directors’ remuneration 58,703 96,362
Staff retirement gratuity 27.1.3 90,656 67,726
Postage and communication 43,596 38,675
Electricity, gas and water 25,532 22,135
Rent, rates and taxes 113,983 113,939
Printing and stationery 67,380 62,475
Travelling and conveyance 88,456 114,448
Vehicles running and maintenance 22,785 23,846
Legal and professional charges 122,213 73,982
Repairs and maintenance 37,379 45,870
Auditors’ remuneration 36.3 3,975 2,875
Insurance 18,780 17,951
Entertainment 61,326 51,791
Advertisement 11,839 17,557
Newspapers and periodicals 559 1,189
Depreciation 8.1.2 179,591 150,770
Depreciation on right of use assets 8.3.1 4,364 –
Amortization 9.1.1 9,354 9,047
Others 15,791 16,359
2,197,949 1,984,209

36.1 Staff salaries and benefits include Rs. 5.903 million (2019: Rs. 4.746 million) in respect of the provident fund
contribution.

36.2 Staff salaries and benefits include Rs. Nil (2019: Rs. 5.031 million) in respect of employees’ share option
compensation expense.

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