Page 148 - Annual Report 2022

Banka Kombëtare Tregtare Annual Report 2022 86

Banka Kombëtare Tregtare Sh.a.
Notes to the Consolidated Financial Statements for the year ended
31 December 2022 (Amounts in USD, unless otherwise stated)

30. Administrative expenses
Administrative expenses are composed as follows:

Year ended Year ended
31 December 2022 31 December 2021
Credit/debit cards expenses 12,744,641 10,884,160
Deposit insurance expense 10,670,735 10,961,000
Telephone, electricity and IT expenses 3,621,235 3,842,384
Repairs and maintenance 3,377,371 3,168,802
Marketing expenses 2,888,615 1,342,222
Other external services (including external audit fees) 2,650,700 3,059,406
Security and insurance expenses 1,828,920 1,728,314
Extraordinary fund expenses 1,711,200 1,722,767
Taxes other than tax on profits 961,197 244,193
Transportation and business related travel 715,606 565,517
Office stationery and supplies 363,966 298,784
Representation expenses 308,412 198,075
Lease payments 73,045 140,376
Sundry 1,902,030 1,782,158
43,817,673 39,938,158
The law No. 25/2018 On Accounting and Financial Reporting requires the disclosure of the Audit fee related to the Statutory
Audit. The expense for statutory audit included in the Other external services (including external audit fees) amounts to USD
87,997.
31. Impairment of financial assets, other than loans to customers

Movements in the allowance for impairment financial assets other than loan:
31 December 2022 31 December 2021

At 1 January 9,584,090 9,081,196
Impairment charge/(reversal) for the period 36,098,059 1,017,690
- on investment securities 36,219,706 853,544
- on placements 7,369 (36,120)
- on loans to banks 10,829 380,912
- on other assets (139,845) (180,646)
Translation difference 145,290 (514,796)
At the end of the period 45,827,439 9,584,090
32. Income tax
Income tax is comprised of:
Year ended Year ended
31 December 2022 31 December 2021
Current income tax 16,515,803 14,855,204
Deferred tax (income)/expense (note 20) (582,106) (108,132)
15,933,697 14,747,072