TSC Annual Report 2024 final - Flipbook - Page 65
Notes - Financial statements
Note 7. Net operating expenses
Speci昀椀cation of net operating expenses reported in the income statement
2024
2023
-21,363
-729
-11,226
-21,475
591
-8,170
-33,318
-29,054
Administrative expenses
-6,756
-7,586
Net operating expenses
-40,074
-36,640
-16,360
-790
-13,534
-522
-57,224
-50,696
-791
-23,705
-930
-2,173
-1,817
-5,973
-601
4,494
138
-22,092
-3,774
-959
-19,436
-1,092
-2,100
-1,356
-4,407
-359
3,615
202
-20,884
-3,920
-57,224
-50,696
1) Operating expenses include remuneration to PwC
2024
2023
Audit assignment
- of which concern PwC Sweden
Other statutory assignments
Tax advice services (nothing concern PwC Sweden)
Other services
- of which concern PwC Sweden
-445
-391
-27
-144
-
-376
-324
-5
-46
-
Acquisition costs
Change in prepaid acquisition costs
Internal operating expenses for acquisition of insurance contracts
Allocation of other operating expenses in the income statement:
Claims handling expenses reported as claims paid
Finance administrative expenses reported as Financial costs, Note 11
Total operating expenses analysed under the following categories:
Advertising and selling expenses
Personnel costs 2)
Travel expenses
Cost of premises
Of昀椀ce expenses
External services and fees1)
Depreciation
Charged claims handling cost
Other revenue
External acquisition costs
Costs for The Swedish Club Hong Kong Limited
2)
Contains an impact from hedging instruments
The Swedish Club | Annual Report 2024
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