135 I N T E G R A T E D R E P O R T 2 0 2 1 Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s GROUP COMPANY Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m Wages, salaries and related expenses 551.7 546.8 524.2 11.0 Pension and other retirement benefit costs 54.3 53.3 46.2 2.1 606.0 600.1 570.4 13.1 GROUP COMPANY Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m Administration 323.5 292.4 310.0 12.4 Professional fees 31.6 25.0 29.1 7.2 Advertising and marketing 35.8 36.2 33.6 - 390.9 353.6 372.7 19.6 GROUP COMPANY Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m Provision for credit impairment - Finance leases 1.6 85.4 1.6 - - Other credit agreements 64.0 257.9 64.0 - Loans and advances - Credit facilities 245.2 152.4 264.8 - - Corporate credit facilities 29.7 5.7 29.7 16.2 - Factoring receivables (1.6) 2.2 (1.6) - - Card receivables (8.9) 35.7 (8.9) - Others (1.8) 0.5 (1.9) Bad debts written off 243.6 135.6 218.9 - Bad debts recovered - Finance leases (0.3) (0.9) (0.3) - - Other credit agreements (18.9) (17.0) (18.9) - - Credit facilities (5.2) (4.9) (5.2) - - Card receivables (7.4) - (7.4) - 540.0 652.6 534.8 16.2 GROUP COMPANY (a) Income tax expense Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m Current income tax at 15% - 30% (2020:15% - 30%) 168.6 170.3 168.3 6.8 Corporate Social Responsibility tax at 2% (2020 : 2%) 19.6 23.2 19.6 1.5 Under provision in previous year - 0.6 - 0.5 Deferred tax credit (93.8) (116.7) (93.8) - Income tax expense 94.4 77.4 94.1 8.8 8. EMPLOYEE BENEFIT EXPENSES 9. OTHER OPERATING EXPENSES 10. NET IMPAIRMENT LOSSES ON FINANCIAL ASSETS 11. TAXATION
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