| |
Operating expenses are analysed by nature as follows:
|
|
|
|
| Amortisation |
— |
|
2 |
| Auditors' remuneration |
960 |
|
2 770 |
| Consulting fees |
(308) |
|
1 237 |
| Depreciation |
471 |
|
765 |
| (Gains)/impairment losses on financial assets and financial guarantees2 |
(39 905) |
|
86 399 |
| Legal expenses |
290 |
|
965 |
| Secretarial fees |
1 430 |
|
1 334 |
| Other expenses/(credits) |
2 048 |
|
(3 836) |
| 2 |
Included in the impairment gains in the current year are ECL movements on loans to group companies of R4.9 million, resulting from a significant improvement in the Moody’s outlook given that the COVID-19 pandemic is seemingly under control. In addition, the Glocell guarantee was released in the current year, resulting in a R35 million adjustment to the ECL. Refer to note 12 for further details. |
|
