Administrative expenses Unit Million Baht Consolidated Separate financial

Administrative expenses unit million baht

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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
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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)
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