Administrative expenses unit million baht

Administrative expenses
(Unit: Million Baht)
Consolidated Separate
financial statements financial statements
2018 2017 2018 2017
Employee benefit expenses 16,741 16,716 2,178 2,266
Office expenses 4,282 3,888 289 325
Depreciation and amortisation 2,375 2,508 68 110
Taxes, government and bank fees and others 1,213 967 33 37
Professional fees 1,057 1,665 119 41
Vehicle and traveling expenses 1,000 1,045 76 80
Building and equipment rental fees 810 739 87 85
Public relationship expenses 507 608 40 34
Donation 376 443 8 9
Insurance premium 308 308 7 10
Others 2,554 2,304 26 85
Total 31,223 31,191 2,931 3,082
33 Management and employee benefit expenses
Management and employee benefit expenses consisted of:
(a) Management benefit expenses consisted of salaries and other benefit expenses of management,
directors’ remuneration, and sub-committees’ remuneration totalling Baht 1,506 million and Baht
232 million in the consolidated and separate statements of income for the year ended 31 December
2018 respectively (2017: Baht 1,367 million and Baht 251 million respectively).
(b) Employee benefit expenses consisted of salaries, wages and other benefit expenses of employees
other than management totalling Baht 54,616 million and Baht 6,331 million in the consolidated
and separate statements of income for the year ended 31 December 2018 respectively (2017: Baht
52,904 million and Baht 6,338 million respectively).
34 Expenses by nature
(Unit: Million Baht)
Consolidated
financial statements
Separate
financial statements
2018 2017 2018 2017
Changes in finished goods, work in progress
and biological assets (4,722) (3,415) 154 (111)
Raw materials and consumables used 376,024 346,429 13,995 14,973
Employee benefit expenses 56,122 54,271 6,563 6,589
Factory and office expenses 41,122 38,664 4,187 4,807
Depreciation and amortisation 16,673 15,882 1,729 1,812
Transportation expenses 11,635 10,240 502 508
Building and equipment rental fees 6,379 5,999 399 430
Vehicle and traveling expenses 3,920 4,087 230 258
Advertising, public relationship
and sale promotion expenses 3,391 3,755 142 160
Taxes, government and bank fees 2,135 2,020 54 56
Professional fees 1,212 1,816 120 42
Others 14,386 13,462 151 222
Total cost of sales of goods, distribution
costs and administrative expenses 528,277 493,210 28,226 29,746

Charoen Pokphand Foods Public Company Limited
and its Subsidiaries
Notes to the financial statements
For the year ended 31 December 2018
121
35 Finance costs
(Unit: Million Baht)
Consolidated Separate
financial statements financial statements
2018 2017 2018 2017
Finance cost paid to:
Joint ventures 11 9 - -
Other parties 11,692 11,734 3,765 3,728
Total 11,703 11,743 3,765 3,728
36 Income tax expense (income)
Income tax recognised in profit or loss
(Unit: Million Baht)
Consolidated Separate
financial statements financial statements
2018 2017 2018 2017
Current tax
Current year 5,588 4,539 - 22
Under (over) provided in prior years (292) 13 - 86
5,296 4,552 - 108
Deferred tax
Movements in temporary differences (716) (763) (21) (1)
Benefit of tax losses recognised 1,642 (1,544) 1,584 (576)
Effect from change in tax rate (10) (1,994) - -
916 (4,301) 1,563 (577)
Income tax expense (income) 6,212 251 1,563 (469)
Income tax recognised in other comprehensive income
(Unit: Million Baht)
Consolidated financial statements
2018 2017
Tax Tax
Before (expense) Net of Before (expense) Net of
tax income tax tax income Tax
Revaluation differences
on assets - (16) (16) 110 (8) 102
Fair value changes on
investments (1,537) 277 (1,260) 699 (223) 476
Currency translation
differences (13,449) 69 (13,380) (10,946) 620 (10,326)
Defined benefit plan
actuarial gains (losses) (63) 7 (56) (51) 6 (45)
Total (15,049) 337 (14,712) (10,188) 395 (9,793)