Republic Bank Limited
114
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
Notes to theConsolidatedFinancial Statements
4
Financial
18 OPERATING PROFIT
(continued)
2015
2014
c) Other income
Fees and commission from trust and other fiduciary activities
238,357
234,199
Other fees and commission income
589,063
495,455
Net exchange trading income
282,633
226,108
Dividends
442
681
Net gains from investments at fair value through profit or loss
771
–
Gains from disposal of available-for-sale investments
26,885
341,652
Recoveries on written off loans
212,103
83,013
Other operating income
112,145
105,874
1,462,399
1,486,982
2015
2014
d) Operating expenses
Staff costs
804,835
701,845
Staff profit sharing - Note 27(a)
117,922
108,812
Employee benefits pension and medical contribution - Note 9(g)
97,002
65,530
General administrative expenses
706,193
611,816
Operating lease payments
46,368
47,354
Property related expenses
120,437
121,764
Depreciation expense - Note 7
145,159
150,789
Advertising and public relations expenses
76,005
66,141
Directors’ fees
10,532
6,539
2,124,453
1,880,590
2015
2014
e) Non-cancellable operating lease commitments
Within one year
28,313
31,501
One to five years
19,084
32,023
Over five years
5,479
8,150
52,876
71,674
