Page 80 - Learn Africa 2021 Annual Report

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

For the year ended 31 March 2021

Included in legal and professional fee are tax consulting fee of $2,500,000 (31
March 2020:$2,500,000). These services were carried out with the consent of the audit
committee who has ensured that the non-audit service is not prohibited and poses no threat
to the firm’s independence and objectivity. Included in other tax liabilities are withholding
tax and value added tax accrued as at year end. Included in other expenses are protective
clothing and guest house expenses.

5.6 Employee benefits expense

31 Mar 2021 31 Mar 2020
$’000 $’000
Short-term employee benefits 223,115 388,394
Pension contribution 7,391 21,865
Total employee benefits expense 230,506 410,259

5.7 Finance cost

Interest expenses on loans and borrowing 10,775 33,745
Interest expenses on overdraft - 3,214
10,775 36,959

5.8 Expected credit losses

Expected credit losses on trade receivables (Note 14.1) 30,697 133,676
Expected credit losses on short-term deposits (23) (496)
30,674 133,179

80