Page 79 - Learn Africa 2021 Annual Report

Learn Africa Plc
Notes to the Financial Statements (cont’d)

For the year ended 31 March 2021

5.4 Selling and distribution expenses
Travelling 71,222 92,936
Motor repairs 44,901 68,956
Advert and publicity 48,955 103,522
Freight 11,359 20,952
Depreciation of property, plant and equipment 37,450 49,256
213,887 335,622

5.5 Administrative expenses
31 Mar 2021 31 Mar 2020
$’000 $’000
Net loss on disposal of PPE 210 -
Amortisation of intangible assets 6,652 6,164
Audit fee 10,000 10,000
AGM expense 6,349 6,004
Asset write-off 72,000
NSE expense 955 1,080
Bank charges 5,398 8,109
Corporate social responsibility 1,600 3,239
Depreciation of property, plant and equipment 23,285 25,721
Donation and subscription 1,004 3,000
Employee benefits (Note 5.6) 230,506 410,259
Exchange loss 62,844 32,456
Interconnectivity 16,866 16,242
Insurance 7,510 12,173
Legal and professional fee 58,507 34,306
Office printing and stationery 5,523 10,788
Depreciation of right-of-use 28,633 31,811
Other expenses 4,973 2,625
Litigation - 114,067
Other tax liabilities 2,066 9,714
Piracy - 9,230
Rates 8,204 8,389
Repairs and maintenance 49,511 100,365
Security 23,078 23,899
Telecommunication 7,090 14,271
Valuation loss from investment properties (Note 9)* 34,146 -
666,699 893,913

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