BankVic Annual Report 2019
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Notes To and Forming Part of<br />
the Financial Statements (continued)<br />
Note 4: Profit (continued)<br />
e. Other Expenses<br />
<strong>2019</strong><br />
$’000<br />
2018<br />
$’000<br />
Depreciation and amortisation 405 451<br />
Amounts set aside to provide for employee entitlements 691 448<br />
Administration costs 2,859 2,494<br />
Motor vehicle running costs 233 174<br />
Supervision levies 167 187<br />
Professional services costs 429 389<br />
Product and marketing costs 1,683 1,207<br />
Information technology costs 3,862 2,942<br />
Operating lease rentals 1,183 1,107<br />
Occupancy costs 577 547<br />
Directors’ fees 562 480<br />
Directors’ severance benefits 110 127<br />
Insurance – general 144 132<br />
Other expenses 227 196<br />
Total Other Expenses 13,132 10,881<br />
40 | BANKVIC // ANNUAL REPORT <strong>2019</strong>
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