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27 Distribution costs<br />

Distribution costs were:<br />

2015 2014<br />

Transportation 435,562 521,438<br />

Export duties, other fees and commissions 2,476 2,125<br />

Labour, including contributions <strong>to</strong> social funds 56,700 69,682<br />

Depreciation and amortization 22,177 30,268<br />

Repairs and maintenance 7,932 12,404<br />

Provision/(reversal of provision) for impairment of receivables, net 8,517 1,399<br />

Other costs 32,938 56,529<br />

Total distribution costs 566,302 693,845<br />

28 General and administrative expenses<br />

General and administrative expenses were:<br />

2015 2014<br />

Labour, including contributions <strong>to</strong> social funds 86,221 108,492<br />

Depreciation and amortization 7,529 18,058<br />

Audit, consulting and legal services 25,000 24,935<br />

Rent 5,720 7,087<br />

Bank charges 5,205 5,842<br />

Social expenditure 2,963 4,191<br />

Repairs and maintenance 2,316 2,255<br />

Provision/(reversal of provision) for impairment of receivables, net 1,781 7,285<br />

Other expenses 31,256 37,723<br />

Total general and administrative expenses 167,991 215,868<br />

The <strong>to</strong>tal depreciation and amortization expenses included in all captions of the consolidated statement of profit or loss and other<br />

comprehensive income amounted <strong>to</strong> US$ 204,259 thousand (2014: US$ 267,254 thousand).<br />

Strategic Report Corporate Governance Financial Statements<br />

The <strong>to</strong>tal staff costs (including social expenses) included in all captions of the consolidated statement of profit or loss and other<br />

comprehensive income amounted <strong>to</strong> US$ 375,046 thousand (2014: US$ 486,690 thousand).<br />

The <strong>to</strong>tal statu<strong>to</strong>ry pension contributions included in all captions of the consolidated statement of profit or loss and other comprehensive<br />

income amounted <strong>to</strong> US$ 47,936 thousand (2014: US$ 75,211 thousand).<br />

The fees for the audit of the consolidated and statu<strong>to</strong>ry financial statements for the year ended 31 December 2015 amounted <strong>to</strong><br />

US$ 4,089 thousand (2014: US$ 3,062 thousand). The audi<strong>to</strong>rs also provided the Group with consulting and other services amounting<br />

<strong>to</strong> US$ 298 thousand (2014: US$ 1,009 thousand).<br />

29 Other operating income and expenses<br />

The components of other operating (income) and expenses were:<br />

2015 2014<br />

Sponsorship 12,020 17,528<br />

(Gain)/loss on disposal of property, plant and equipment and intangible assets, net 7,110 11,286<br />

Foreign exchange (gain)/loss from operating activities, net (53,124) (120,377)<br />

Provision/(reversal of provision) for impairment and write off of idle property plant and equipment, net 38 636<br />

(Gain)/loss on sales and purchases of foreign currencies, net (13,872) (6,820)<br />

Non-recurring income from settlement agreements and related expenses, net* (12,253) (50,400)<br />

Other operating (income)/expenses, net (11,601) (7,985)<br />

Total other operating (income)/expenses, net (71,682) (156,132)<br />

* This amount represents income of US$ 19,200 thousand from settlement agreements with counterparties concerning trading activities of the Group net of expenses<br />

of US$6,947 thousand relating <strong>to</strong> its recovery (2014: income of US$ 50,400 thousand).<br />

EuroChem Annual Report and Accounts 2015 103

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