NOTES TO FINANCIAL STATEMENT
General and administrative expenses
|Salaries and related benefits||25,991,328||23,540,063|
|Depreciation of property and equipment (Note 4)||1,829,476||1,161,219|
|Expected credit loss||1,084,985||1,651,296|
|Telephone and postage||615,490||546,952|
|Other general expenses||7,489,209||6,851,481|
Expected credit loss (ECL) consists of ECL against premium and insurance balances receivable and debt investments carried at FVTOCI amounting to AED 460,125 and AED 624,860 respectively.