notes to the consolidated financial statements - Sacombank

34 GENERAL AND ADMINISTRATIVE EXPENSES
2011 2010
Million VND Million VND
Tax, duties and fees 96,029 45,250
Salaries and related expenses 1,944,550 1,021,646
Depreciation and amortisation 328,834 273,035
Assets expenses 421,408 344,133
Administrative expenses 718,188 425,381
Deposit insurance premiums 80,127 68,288
35 NET OTHER INCOME
3,589,136 2,177,733
2011 2010
Million VND Million VND
Other income
Proceeds from disposals of fixed assets 445,536 488,085
Other income 62,897 64,330
508,433 552,415
Other expenses
Expenses on disposals of fixed assets (302,368) (413,361)
Land rental of the disposed fixed assets (81,091) -
Construction and renovation cost of the disposed assets (8,076) -
Other expenses (10,822) (3,603)
(402,357) (416,964)
Net other income 106,076 135,451
36 VALUE ADDED TAX
Earned fees and commissions are subject to value added tax at the rate of 10% under the deduction method, foreign
currency and gold operations are subject to value added tax at the rate of 10% under the direct method. All other banking
activities of the Group are exempt from value added tax
ANNUAL REPORT 2011 134