RE: Newby to BOIL20 Mar 2023 15:14
Administration expenses for the period amounted to £497,000, compared to £424,000 in the same period in 2021, and £1,321,000 for the whole of 2021 The increase over the previous six month period is entirely due to the full inclusion of expenses arising in Timor-Leste (first consolidated in April 2021), and the relative reduction on the 2021 full year figures is attributable to lower director and staff salary costs, and the inclusion of share-based payments of £286,000 in 2021, not repeated in 2022.