Superlucky7925 Feb 2018 12:58
Mr fool and leggersToday 12:24Why you don't have the any knowledge about the business.
Administrative expenses were �326,000 (2016: �259,000). The increase resulted primarily from an increase in Directors' fees to �82,000 (2016: �16,000) and the rental of office space at a cost of �34,000 (2016: nil). Travel expenditure also increased to �33,000 (2016: �24,000) and there was a one-off increase associated with IT work to �6,000 (2016: �1,000). Offsetting items included a smaller foreign exchange loss due to the holding of a portion of cash balances in US$ and a reduced audit fee.
Expense difference has been explained above. Now you jumped to the conclusion we didn't but I went to 2016 RNS so what is this 171k is all about?
Look what I found.
Administrative expenses were �259,000 (2015: �231,000). Within Administrative expenses, share based payments charges rose to �49,000 (2015: �25,000) due to the extension of the life of certain warrants and the grant of incentive based warrants to certain advisers. Directors' cash fees rose to �16,000 (2015: �2,000). There was a �16,000 (2015: nil) foreign exchange loss due to the deterioration of the � Sterling against the US$ in relation to a US$ denominated loan of US$250,000 from Alcazar 1 Pte. The rises in Administrative expenses was offset by falls in travel expenses to �24,000 (2015: �42,000) and legal, audit and professional fees to �100,000 (2015: �110,000). Excluding the non-cash element of share based payment charges, depreciation and the foreign exchange loss, cash administrative expenses were lower at �192,000 (2015: �204,000).
I found the 100k was actually used for prof fee. 2016. There must not be much changed so didn't mention like 2015 AND 2016.
What about the home work ADMIN EXPENSE?
You didnt , NAUGHTY NAUGHTY.
HERE we go.I got for you from internet so you don't argue.
Accounting staff wages and benefits
Building rent
Consulting/professional expenses =100k taken from 2016 as no difference mentioned.
Corporate management wages and benefits (such as for the chief executive officer and support staff)
Depreciation on office equipment
Insurance
Legal staff wages and benefits
Office supplies
Outside audit fees
Subscriptions
Utilities
Human resources
Oh yes top restaurant hope you would would do the same
What about peep show
Strip show
Security
ETC
Look pal there is no reason to be idiot . Get your life going looking for the best not winger, moan. You are proving yourself cheaper. You actually don't have idea about this. Don't just close your eyes and argue it's dark