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HSRC Annual Report 2016/17
PART E: Annual Financial Statements
16. Administrative expenses
2017
R ‘000
2016
R ‘000
Annual license fees, library manuscripts and
subscriptions
(11,840)
(11,453)
Audit fees
(5,921)
(3,579)
- External audit
(2,849)
(2,436)
- Internal audit
(2,572)
(962)
- Other audits
(500)
(181)
Bank costs / Stamp duty / Excise duties
(381)
(367)
Outsourced services and systems support
(6,550)
(5,480)
Consumable goods
(5,966)
(6,236)
Insurance
(2,062)
(2,150)
Net foreign exchange (loss)/gain
(44)
784
Postal, telecom and delivery fees
(6,914)
(7,828)
Printing and photocopying
(4,833)
(6,162)
Publicity functions and conferences
(1,352)
(523)
Sundry operating expenses
(694)
(895)
Travel and subsistence
(5,554)
(4,485)
(52,111)
(48,374)
17. Research cost
2017
R ‘000
2016
R ‘000
Direct labour expense
(22,739)
(20,416)
Direct research cost
(87,489)
(94,429)
(110,228)
(114,845)
18. Staff cost
2017
R ‘000
2016
R ‘000
Wages and salaries*
(248,266)
(218,854)
Defined contribution plan
(19,092)
(17,990)
Social contributions (employer's contributions)
- official unions and associations
(211)
(209)
Post-retirement medical benefit
- Employer contributions
(231)
(248)
- Decrease/(Increase) in liability
182
814
Termination benefits
(3,309)
(499)
Total
(270,927)
(236,986)