Page 82 - English

9. Accounts payable and accruals
2015 USD ‘000
2014 USD ‘000
Accrued expenses
4,115
4,855
Advances from customers
1,500
1,570
Government assistance received in advance (Note 2)
304
416
Trade payables
420
387
Charges recovered (note i)
284
284
Amount due to a related party (Note 12)
191
-
Refunds to customers (note ii)
-
216
Employees’ annual gratuity
-
17
6,814
7,745
Note (i)
Charges recovered represent the costs of investigation recovered from registered entities and is to be set off against future investigation expenses.
Note (ii)
Refunds to customers represents refund of annual fees paid by eight Insurance Intermediaries firms that overpaid in the years 2012-2014.
10. General and administration expenses
2015 USD ‘000
2014 USD ‘000
Rent
1,870
1,627
Consultancy and professional fees
1,112
1,392
Amortisation of software costs (Note 5)
457
301
Depreciation (Note 4)
189
161
Other expenses
1,888
1,747
5,516
5,228
80