Kia 2015 Annual Report Download - page 103

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25. Selling, General and Administrative Expense
Details of selling, general and administrative expenses for the years ended December 31, 2015 and 2014 are as follows:
(In millions of won)
2015 2014
Selling expenses:
Advertising
₩
1,232,467 1,088,821
Sales promotion 886,071 737,126
Warranty expenses 1,365,271 997,232
Freight 277,110 296,622
Overseas marketing and export expenses 950,789 1,066,488
4,711,708 4,186,289
General and administrative expenses:
Salaries 734,360 687,239
Bonus 289,394 303,421
Retirement and severance benefits cost 84,886 72,075
Accrual for other long-term employee benefits 8,198 8,087
Other employee benefits 168,749 159,542
Travel 53,849 43,131
Communications 16,472 18,020
Utilities 17,888 16,730
Taxes and dues 21,124 21,888
Rent 59,147 59,633
Depreciation 86,983 83,329
Amortization 25,028 23,496
Bad debt expenses (646) (8,010)
Repairs and maintenance 23,363 22,339
Insurance premium 11,879 10,386
Entertainment expense 6,131 5,946
Maintenance fee for vehicles 28,978 27,214
Supplies and stationery 10,739 11,088
Information fees 2,661 2,384
Education and training 33,473 30,378
Commissions and fees 338,462 319,913
Test expenses 766,101 623,603
Others 14,478 42,264
2,801,697 2,584,096
₩
7,513,405 6,770,385
97
ANNUAL REPORT 2015 |