Page 67 - Sundance Resources 2014 Annual Report

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014 65
NOTE 4. EXPENSES
2014
$
2013
$
Expenses from continuing operations
Depreciation and amortisation expense:
- Depreciation of property, plant & equipment 1,372,262 2,345,456
1,372,262 2,345,456
Employee and director benefit expense:
- Share based payment 2,049,548 2,352,417
- Salaries and wages 9,648,101 14,085,024
- Non-Executive Directors Fees 668,825 595,089
- Superannuation 617,951 479,162
12,984,425 17,511,692
Administration expense:
- Corporate expenses 583,211 142,951
- General and administration expenses 1,011,711 1,428,736
- IT and communications 585,105 665,941
2,180,027 2,237,628
Professional fees:
- Audit, accounting and tax 404,559 405,227
- Public relations 225,789 294,702
630,348 699,929
Convertible Note Finance
- Convertible note implied interest charge 8,080,481 -
- Convertible note fair value movement 251,638 -
- Convertible note capitalised borrowing cost amortisation charge 586,608 -
8,918,727 -
Other expenses:
- Consumables 111,498 26,211
- Insurance 619,026 589,490
- Motor vehicles 268,809 317,502
- Other interest paid 61,284 33,473
- Other 12,338 13,110
1,072,955 979,786
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2014