My first Publication ocbc_ar17_fullreport_english

8. STAFF COSTS AND OTHER OPERATING EXPENSES GROUP BANK 2017 $’000 2016 $’000 2017 $’000 2016 $’000 2,220,125 55,404 179,665 2,455,194 2,111,861 51,115 167,824 2,330,800 743,307 26,370 68,369 838,046 715,602 26,834 56,461 798,897 10,502 4,987 15,489 2,470,683 10,387 5,410 15,797 2,346,597 10,259 3,528 13,787 851,833 10,284 3,656 13,940 812,837 314,693 121,084 98,509 258,224 792,510 308,119 117,277 100,160 237,643 763,199 137,525 39,167 80,931 110,351 367,974 131,372 36,422 69,330 98,037 335,161 3,134 2,819 1,435 7,388 3,094 3,202 1,337 7,633 2,307 401 60 2,768 2,257 353 58 2,668 1,068 458 1,526 – 71,260 690,249 761,509 1,132 1,018 2,150 – 73,407 595,542 668,949 872 128 1,000 205,716 – 341,810 547,526 745 91 836 211,126 – 298,307 509,433 Total other operating expenses 1,562,933 1,441,931 919,268 848,098 8.3 4,033,616 3,788,528 1,771,101 1,660,935 8.1 STAFF COSTS Salaries and other costs Share-based expenses Contribution to defined contribution plans Directors’ emoluments: Remuneration of Bank’s directors Fees of Bank’s directors (1) Total staff costs 8.2 OTHER OPERATING EXPENSES Property, plant and equipment and investment property: (2) Depreciation Maintenance and hire Rental expenses Others Auditors’ remuneration Payable to auditors of the Bank Payable to associated firms of auditors of the Bank Payable to other auditors Other fees Payable to auditors of the Bank (3) Payable to associated firms of auditors of the Bank Hub processing charges General insurance claims Others (4) STAFF COSTS AND OTHER OPERATING EXPENSES Includes remuneration shares amounting to $0.5 million (2016: $0.5 million) issued to directors. Direct operating expenses on leased investment property for the Group and the Bank amounted to $20.1 million (2016: $20.5 million) and $3.3 million (2016: $4.3 million) respectively. Direct operating expenses on vacant investment property for the Group and the Bank amounted to $1.0 million (2016: $2.0 million) and $0.6 million (2016: $0.3 million) respectively. (3) Other fees payable to auditors of the Bank relate mainly to engagements in connection with the Bank’s note issuances, taxation compliance and advisory services, miscellaneous attestations and audit certifications. (4) Included in other expenses were printing, stationery, communication, advertisement and promotion expenses, legal and professional fees and changes in third-party interests in consolidated investment funds. (1) (2) BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH 181

My first Publication ocbc_ar17_fullreport_english | Page 183