DOOSAN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD. AND ...

Doosan Heavy Industries & Construction Co., Ltd. and SubsidiariesNotes to the Consolidated Financial StatementsFor the years ended December 31, 2012 and 201126. Construction Contracts, Continued(ii) 2011(In millions of won) Counterparty ConstructionBeginningof the year IncreaseConstructionrevenueEnd ofthe yearParent companyPower plants SEC Rabigh Power Plant ₩ 13,818,304 6,645,768 4,367,013 16,097,059Water plants SWCC Ras Al Khair 2,038,681 210,231 773,646 1,475,266Industrial plantsDAMIETTA RMQC14 373,712 166,104 171,109 368,707Castings &forgingsPlant constructionGeneralconstructionDamiettaInternational PortPOSCO Casting, Forging 539,210 621,068 596,410 563,868KHNPSinkori #3,4Construction589,775 78,584 206,871 461,488Dongriwon Havico Tower 1,774,889 102,576 554,448 1,323,017Subtotal 19,134,571 7,824,331 6,669,497 20,289,405SubsidiariesDoosan PowerSystems Ltd., etcGMR Raipur 3,619,902 867,422 1,826,009 2,661,315₩ 22,754,473 8,691,753 8,495,506 22,950,72027. Nature of ExpensesDetails of nature of expenses for the years ended December 31, 2012 and 2011 are summarized as follows:(In millions of won) 2012 2011Employee benefits ₩ 1,184,938 1,133,332Depreciation expenses 160,140 142,711Amortization expenses on intangible assets 47,078 36,59228. Selling, General and Administrative ExpensesDetails of selling, general and administrative expenses for the years ended December 31, 2012 and 2011 areas follows:(In millions of won) 2012 2011Salaries ₩ 280,759 233,253Cost of defined benefit plans 4,956 2,422Other employee benefits 48,344 43,611Travel 22,540 22,863Training 28,412 21,071Taxes and dues 7,400 9,809Professional service fees 100,389 129,389Rental expenses 16,227 13,656Bad debt expenses 78,040 11,928Freight expenses 13,343 17,049Depreciation expenses 11,318 7,118Amortization expenses on intangible assets 12,013 10,783Development expenses 36,561 73,016Overseas marketing expenses 24,609 26,263Advertising expenses 42,506 34,400Warranty Expenses 18,998 21,777Others 45,085 40,477₩ 791,500 718,88571