Page 161 - Annual Report 2014

Notes to the Financial Statements

Year ended 31 December 2014

19 Operating Expenses Group Company

Cost of equipment sold 2014 2013 2014 2013
Cost of services
Traffic expenses $m $m $m $m
Depreciation and amortisation (net of asset grants)
Marketing and promotions 411.4 376.7 410.9 375.8
Staff costs 382.9 364.3 59.1 52.4
Allowance for doubtful receivables 154.7 200.5 73.5 86.1
Repairs and maintenance 271.2 269.5
Operating leases 156.2 153.6 124.0 120.3
Other expenses 275.0 276.6 14.1 14.0

15.9 15.5 200.1 204.0
69.2 74.1 1.9 0.8
128.4 129.1
92.2 86.1 33.1 34.6
1,957.1 1,946.0 65.7 64.0
77.9 71.5
1,060.3 1,023.5

Included in the above is the government grant of the Group which amounted to $1.8 million (2013: nil).

19.1 Depreciation and amortisation (net of asset grants) Group Company
Depreciation and amortisation expenses comprise the following:
2014 2013 2014 2013
Depreciation of property, plant and equipment
Accretion of asset grants to the income statement $m $m $m $m
Amortisation of intangible assets
Total 216.6 220.5 82.0 81.6
19.2 Staff costs (0.3) (1.1) – –
The following are included in staff costs:
216.3 219.4 82.0 81.6
Defined contribution plans 54.9 50.1 42.0 38.7
Share-based payments 124.0 120.3
Government grants - Wage Credit Scheme 271.2 269.5

Group Company

2014 2013 2014 2013

$m $m $m $m

23.9 25.1 16.3 17.8
9.2 8.8 9.2 8.8
(1.9) – (1.8) –

158 many lives of hubbing