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NOTES TO THE
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2015
20 Operating Expenses
Group Company
2015 2014 2015 2014
$m $m $m $m
Cost of equipment sold 487.1 411.4 486.0 410.9
Cost of services 415.8 382.9 61.5 59.1
Traffic expenses 150.2 154.7 64.0 73.5
Depreciation and amortisation (net of asset grants) 271.4 271.2
Marketing and promotions 144.6 156.2 121.9 124.0
Staff costs 270.7 275.0 16.7 14.1
Allowance for doubtful receivables
Repairs and maintenance 18.4 15.9 199.3 200.1
Operating leases 86.0 69.2 5.4 1.9
Other expenses 121.7 128.4
82.7 92.2 41.8 33.1
2,048.6 1,957.1 57.5 65.7
64.5 77.9
1,118.6 1,060.3
Included in the Group’s cost of services is government grant amounting to $3.4 million (2014: $1.8 million).
20.1 Depreciation and amortisation (net of asset grants)
Depreciation and amortisation expenses comprise the following:
Group Company
2015 2014 2015 2014
$m $m $m $m
Depreciation of property, plant and equipment 219.8 216.6 85.5 82.0
Accretion of asset grants to the income statement (1.0) (0.3) (0.7) –
84.8
Amortisation of intangible assets 218.8 216.3 37.1 82.0
Total 52.6 54.9 121.9 42.0
271.2 124.0
271.4
20.2 Staff costs
The following are included in staff costs:
Group Company
2015 2014 2015 2014
$m $m $m $m
Defined contribution plans 25.1 23.9 17.4 16.3
Share-based payments 9.5 9.2 9.5 9.2
Government grants – Wage Credit Scheme (3.7) (1.9) (3.6) (1.8)
