Basic HTML Version
58
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APN
annual report
2011
notes to the financial statements
APN News & Media Limited and Controlled Entities
3. EXPENSES
2011
$’000
2010
$’000
Expenses before finance costs
Employee benefits expense
358,064
327,418
Selling and production expense
284,887
288,521
Rental and occupancy expense
170,562
162,180
Depreciation and amortisation expense
37,123
38,900
Redundancies and associated costs
17,332
3,301
Asset write downs and business closures
18,298
–
Other
58,386
46,394
Total expenses before finance costs
944,652
866,714
Depreciation
Buildings
1,017
1,107
Plant and equipment
27,888
29,837
Plant and equipment under finance leases
3,186
3,315
Total depreciation
32,091
34,259
Amortisation
Software
2,541
2,206
Radio licences
1,910
1,935
Other
581
500
Total amortisation
5,032
4,641
Finance costs
Interest and finance charges
54,188
48,853
Borrowing costs amortisation
3,026
1,604
Total finance costs
57,214
50,457
Rental expense relating to operating leases
Property
25,364
22,951
Outdoor site rentals
Minimum lease payments
109,137
104,169
Contingent rentals
16,434
12,213
Other
4,746
3,711
Total rental expense relating to operating leases
155,681
143,044
Impairment of receivables
3,787
4,849
Contributions to employee superannuation plans
16,334
15,012