Page 260 - InterloopAnnualReport2020

NOTES TO THE CONSOLIDATED

FINANCIAL STATEMENTS

For the year ended June 30, 2020

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

36. DISTRIBUTION COST
Staff salaries and benefits 36.1 254,315 201,868
Staff retirement gratuity 28.1.3 24,389 14,787
Sea and air freight 121,221 50,165
Shipping expenses 524,147 623,897
Selling commission 922,770 1,757,956
Export development surcharge 86,675 83,310
Marketing and advertisement 126,506 61,492
Others 5,425 918
2,065,448 2,794,393

36.1 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)

37. ADMINISTRATIVE EXPENSES
Staff salaries and benefits 37.1 & 37.2 1,279,815 1,066,010
Directors’ remuneration 70,155 111,952
Staff retirement gratuity 28.1.3 94,042 68,178
Postage and communication 49,809 39,254
Electricity, gas and water 25,532 22,135
Rent, rates and taxes 120,618 122,419
Printing and stationery 69,786 63,218
Travelling and conveyance 99,324 114,820
Vehicles running and maintenance 24,373 24,491
Legal and professional 123,042 74,578
Repairs and maintenance 39,323 46,548
Auditors’ remuneration 37.3 4,375 3,000
Insurance 19,435 18,221
Entertainment 64,552 52,221
Advertisement 11,934 17,576
Newspapers and periodicals 572 1,190
Depreciation 9.1.2 193,901 155,328
Depreciation on right of use assets 9.3.1 4,364 –
Amortization 10.1.1 10,249 9,182
Others 16,678 18,319
2,321,879 2,028,640

37.1 Staff salaries and benefits include Rs. 6.125 million (2019: Rs. 4.746 million) in respect of the provident fund
contribution.

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

258