NOTES TO FINANCIAL STATEMENT
General and administrative expenses
| 2021 | 2020 | |
| AED | AED | |
| Salaries and related benefits | 22,707,021 | 25,758,895 |
| Management and consultancy fees | 7,400,000 | 5,772,447 |
| Depreciation of property and equipment (Note 4) | 1,652,709 | 1,843,455 |
| Government fees | 1,816,549 | 1,722,228 |
| Expected credit loss | 1,124,458 | 1,022,416 |
| Telephone and postage | 741,804 | 779,765 |
| Bank charges | 81,507 | 99,783 |
| Other general expenses | 6,490,836 | 5,952,598 |
42,014,884 |
42,951,587 |
Expected credit loss (ECL) consists of ECL against premium and insurance balances receivable and debt investments carried at FVTOCI amounting to AED 1,084,911 and AED 39,547 respectively.
