133 / 147
25. PERSONNEL EXPENSES
26. DEPRECIATION AND AMORTIZATION EXPENSES
27. OTHER OPERATING (EXPENSE) / INCOME, net
1 January -
1 January -
31 December 2014
31 December 2013
Gain on sale of a subsidiary, net (Note 29)
6,920,319
-
Commission expense
(4,219,762)
(4,164,716)
Commission income
3,000,116
2,596,177
Scrap sales
1,385,054
983,271
Gain on sale of property, plant and equipment
1,290,870
19,394,446
Warranty income
885,220
575,066
Rent income
2,165,195
1,317,049
Income from wind project
-
28,330,752
Other, net
(4,358,784)
(3,261,774)
7,068,228
45,770,271
1 January -
1 January -
31 December 2014
31 December 2013
Wages, salaries and other social expenses
210,907,664
178,554,215
Cost of defined contribution plan (employer’s share of social security premiums)
19,542,748
29,500,155
Termination benefits
6,272,898
5,098,340
236,723,310
213,152,710
2014
2013
Personnel expenses
131,805,589
112,993,045
Labor
104,917,721
100,159,665
Total
236,723,310
213,152,710
1 January -
1 January -
31 December 2014
31 December 2013
Cost of production
88,075,513
75,779,514
Selling, general and administrative expenses
13,357,028
15,236,261
Total depreciation charge
101,432,541
91,015,775
Currency translation reserve
7,456,780
(354,432)
Total depreciation
108,889,321
90,661,343
Cost of production
1,751,736
4,679,975
Selling, general and administrative expenses
9,430,244
5,699,589
Total amortization charge
11,181,980
10,379,564
Currency translation reserve
137,650
405,670
Total amortization
11,319,630
10,785,234
Total depreciation and amortization expenses
120,208,951
101,446,577
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)