6

TRADING PROFIT

			2018  R’000		2017  R’000
6.1		TRADING PROFIT HAS BEEN ARRIVED AT AFTER CHARGING/(CREDITING) THE FOLLOWING EXPENSES/(INCOME):
		External auditor‘s remuneration
		– Audit fees current year	9 955		8 391
		– Audit fees under/(over)provision prior year	472		(185)
		– Taxation services	295		245
		– Other services	122		338
		Internal auditors‘ remuneration*	246		442
		Depreciation
		– Freehold land and buildings	19 252		19 483
		– Leasehold improvements	9 969		9 540
		– Plant, equipment and vehicles	90 048		83 800
		– Computer equipment	33 841		22 837
		– Furniture and fittings	5 276		4 730
		Amortisation of intangible assets	10 647		9 682
		Inventories written off	94 854		66 215
		Royalties paid	37 146		37 194
		Operating lease charges
		– Equipment	2 923		2 506
		– Property	43 143		38 451
		Foreign exchange loss	4 850		13 199
		Fees paid to related parties (refer to note 29)	56 747		42 481
		Profit on disposal of property, plant and equipment	(1 968)		(194)
6.2		TOTAL STAFF COST**	1 255 422		1 069 216
		Included in cost of sales	580 823		486 755
		Salaries and wages	518 393		423 077
		Employers‘ contribution to:	62 430		63 678
		Medical	15 664		17 035
		Retirement	46 766		46 643
		Included in operating expenses	674 599		582 461
		Salaries and wages	586 410		502 128
		Employers‘ contribution to:	88 189		80 333
		Medical	17 103		15 482
		Retirement	71 086		64 851
		* Foreign operations ** Total staff costs include costs for executive directors and key management.
6.3		DIRECTORS' EMOLUMENTS
		Executive directors	19 497		16 659
		Non-executive directors	6 728		4 793
		Total	26 225		21 452
		For more details, please refer to the remuneration report.
6.4		KEY MANAGEMENT
		Salaries and bonuses	27 119		28 353
		Retirement, medical and other benefits	3 040		3 216
		Total	30 159		31 569
		Key management comprises the Group Executive Committee, other than the executive directors. For more details, please refer to Implementation report.