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BRADKEN LIMITED ANNUAL REPORT 2013 55
Notes to the consolidated financial statements
30 June 2013
(continued)
5 Profit from ordinary activities (continued)
Expenses
2013
2012
Notes
$'000
$'000
Depreciation
Buildings
4,639
3,802
Plant & equipment
36,251
32,723
Leasehold improvements
339
236
Plant & equipment under finance leases
5,129
5,080
Total depreciation
46,358
41,841
Amortisation
Customer lists
7,341
6,846
Trademarks
1,289
1,294
Licences and other
3,226
1,192
Total amortisation
11,856
9,332
Finance costs - net
Interest and finance charges paid/payable
30,127
35,732
Borrowing costs amortisation
1,474
2,203
31,601
37,935
Amount capitalised (note (a))
(100)
(4,150)
Finance costs expensed
31,501
33,785
Net loss on disposal of property, plant and equipment
-
100
Rental expense relating to operating leases
Minimum lease payments
8,590
7,404
Total rental expense relating to operating leases
8,590
7,404
Research and development
6,861
1,740
27(b)
30,412
-
Restructuring provision
2,558
-
Warranty
8,892
7,713
Stock Obsolescence
1,502
498
664
326
Employee benefits expense
415,056
412,722
(a) Capitalised borrowing costs
The borrowing costs capitalised represent amounts incurred upfront to renew finance facilities.
Net bad and doubtful debts expense (revenue) including
movements in doubtful debts provision
Profit before income tax includes the following specific
expenses:
Costs associated with the Pala legal case, judgement
and associated costs
Page 55
Bradken Limited