In this section
Financial Statements
Notes to the financial statements
for the year ended 31 December 2011
10 General and administrative expenses
2011 USD’000 | 2010 USD’000 | |
---|---|---|
Staff costs (Note 11) | 34,200 | 20,224 |
Legal, professional and consultancy fees | 10,516 | 1,457 |
Depreciation (Note 17) | 4,301 | 3,534 |
Amortisation of intangible assets (Note 18) | 3,887 | 88 |
Utilities and communication | 3,706 | 2,356 |
Others | 6,253 | 4,868 |
62,863 | 32,527 | |
During 2010, the Group incurred total expenditure of USD 1.4m for the closure of the LAL operations in Thailand, of which USD 0.8m is included in “General and administrative expenses” and USD 0.6m in “Other gains/(losses)” (Note 13).
Exceptional items
Items that are material either because of their size or their nature or that are non-recurring are presented within their relevant consolidated income statement category, but highlighted separately in the consolidated income statement. The separate reporting of exceptional items helps provide a better picture of the Group’s underlying performance.
An analysis of the amounts presented as exceptional items in these financial statements which relates to costs incurred in relation to the acquisition of MIS (Note 35) is given below:
2011 USD’000 | 2010 USD’000 | |
---|---|---|
Financial advisory fees | 5,024 | – |
Legal fees | 1,781 | – |
Professional fees | 1,220 | |
Post-acquisition charge of cash cancellation of MIS share options (Note 9) | 1,919 | – |
Other expenses | 600 | – |
10,544 | – |
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