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