Page 136 - InterloopAnnualReport2021

NOTES TO THE

FINANCIAL STATEMENTS

For the year ended June 30, 2021

2021 2020
Note (Rupees ‘000) (Rupees ‘000)
34. DISTRIBUTION COST
Staff salaries and benefits 34.1 343,793 223,008
Staff retirement gratuity 26.1.3 23,531 22,569
Sea and air freight 280,445 109,914
Shipping expenses 665,018 522,238
Selling commission 1,074,270 920,996
Export development surcharge 126,094 85,451
Marketing and advertisement 126,481 122,609
Others – 479
2,639,632 2,007,264

34.1 Staff salaries and benefits include Rs. 1.135 million (2020: Rs. 1.173 million) in respect of the provident
fund contribution.
2021 2020
Note (Rupees ‘000) (Rupees ‘000)
35. ADMINISTRATIVE EXPENSES
Staff salaries and benefits 35.1 1,619,330 1,221,687
Directors’ remuneration 76,099 58,703
Staff retirement gratuity 26.1.3 102,423 90,656
Postage and communication 83,622 43,596
Electricity, gas and water 24,584 25,532
Rent, rates and taxes 158,665 113,983
Printing and stationery 94,620 67,380
Travelling and conveyance 43,871 88,456
Vehicles running and maintenance 26,231 22,785
Legal and professional charges 115,686 122,213
Repairs and maintenance 20,605 37,379
Auditors’ remuneration 35.2 4,383 3,975
Insurance 21,378 18,780
Entertainment 92,245 61,326
Advertisement 10,656 11,839
Newspapers and periodicals 401 559
Depreciation 7.1.2 225,118 179,591
Depreciation on right of use assets 7.3.1 371 4,364
Amortization 8.2 16,211 9,354
Others 59,681 15,791
2,796,180 2,197,949

35.1 Staff salaries and benefits include Rs. 6.738 million (2020: Rs. 5.903 million) in respect of the provident
fund contribution.

2021 2020
(Rupees ‘000) (Rupees ‘000)

35.2 Auditors’ remuneration
Annual audit fee 3,500 3,225
Other certification 53 –
Half yearly review 630 600
Out of pocket expenses 200 150
4,383 3,975

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