NOTES TO FINANCIAL STATEMENT
General and administrative expenses
| 2020 | 2019 | |
| AED | AED | |
| Salaries and related benefits | 25,758,895 | 25,991,328 |
| Management and consultancy fees | 5,772,447 | 3,799,998 |
| Depreciation of property and equipment (Note 4) | 1,843,455 | 1,829,476 |
| Government fees | 1,722,228 | 2,042,849 |
| Expected credit loss | 1,022,416 | 1,084,985 |
| Telephone and postage | 779,765 | 615,490 |
| Bank charges | 99,783 | 947,841 |
| Other general expenses |
5,952,598 |
7,489,209 |
42,951,587 |
43,801,176 |
Expected credit loss (ECL) consists of ECL against premium and insurance balances receivable and debt investments carried at FVTOCI amounting to AED 902,015 and AED 120,403 respectively.
