180 | CapitaLand Limited Annual Report 2014
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
27 PROFIT BEFORE TAX
(cont’d)
The Group
The Company
Note
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Restated
(b) Staff costs
Wages and salaries
402,911
398,740
46,242
38,069
Contributions to demned
contribution plans
50,657
47,164
3,517
2,864
Share-based expenses
- equity-settled
49,454
37,087
8,456
7,667
- cash-settled
3,266
1,086
1
7
Increase/(Decrease) in liability for
short term accumulating
compensated absences
717
1,447
356
(13)
Staff benemts, training/development
costs and others
66,103
64,818
3,910
3,722
573,108
550,342
62,482
52,316
Less
Staff costs capitalised in
development properties for sale
11(f)
(21,288)
(17,069)
–
–
551,820
533,273
62,482
52,316
Recognised in
Cost of sales
(c)(i)
341,335
318,910
–
–
Administrative expenses
(c)(ii)
210,485
214,363
62,482
52,316
551,820
533,273
62,482
52,316
(c)(i) Cost of sales include:
Costs of development properties
for sale
1,773,629
1,567,019
–
–
Depreciation of property,
plant and equipment
3
706
332
–
–
Provision for foreseeable losses
on development properties
for sale
11(g)
82,811
25,354
–
–
Operating expenses of investment
properties that generated
rental income
339,041
292,491
–
–
Operating lease expenses
50,343
47,957
–
–
Staff costs
(b)
341,335
318,910
–
–
