Page 137 - CCL AR 2017 Final

32.4 ADMINISTRATIVE EXPENSES 2017
Line - I Line - II Total
(Rupees in ‘000)
Salaries, wages and benefits 89,214 56,704 145,918
Travelling and conveyance 4,790 2,108 6,898
Staff training expenses 252 54 306
Vehicle running expenses 3,787 1,861 5,648
Communication 4,752 1,090 5,842
Printing and stationery 3,721 612 4,333
Rent, rates and taxes 1,981 1,722 3,703
Utilities 1,151 446 1,597
Repairs and maintenance 10,036 848 10,884
Legal and professional charges 8,281 7,455 15,736
Insurance 3,359 392 3,751
License and subscription 2,988 1,477 4,465
Advertisement 996 58 1,054
Depreciation 9,272 904 10,176
Amortisation 265 33 298
Entertainment 1,986 44 2,030
Others 1,578 892 2,470
148,409 76,700 225,109
32.5 OTHER EXPENSES

Workers’ Profits Participation Fund 75,760 54,490 130,250
Auditors’ remuneration 2,835 86 2,921
Donations 7,508 1,170 8,678
Exchange loss 1,540 - 1,540
87,643 55,746 143,389
32.6 OTHER INCOME

Income from financial assets
Profit on bank accounts – conventional banks 1,138 - 1,138
Gain on redemption of short-term investments –
non-Shariah compliant 2,186 - 2,186
Dividend income from a related party –
Cherat Packaging Limited 21,973 - 21,973
25,297 - 25,297
Income from non-financial assets
Gain on disposal of operating property, plant and
equipment 19,101 - 19,101
Reversal of WWF 35,040 - 35,040
Scrap sales 2,944 50,914 53,858
Miscellaneous income 88 - 88
57,173 50,914 108,087
82,470 50,914 133,384
32.7 FINANCE COSTS

Islamic banks
Mark-up on long-term financing 2,702 130,185 132,887
Mark-up on short-term borrowings 433 - 433
Bank charges and commission 317 - 317
3,452 130,185 133,637
Conventional banks
Mark-up on long-term financing - 21,540 21,540
Mark-up on short-term borrowings 22,586 - 22,586
Bank charges and commission 9,651 - 9,651
32,237 21,540 53,777
Interest on workers’ profits participation fund 801 - 801
36,490 151,725 188,215

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