Popular Holdings

[orang]

I was reading the AR 2011 today. Under Notes 33, page 118, employee benefits is almost 78m, does anybody have any idea why it has to pay so much for staff salary?

u may downland the AR from here http://popular.listedcompany.com/ar.html

thanks in advance

Interesting question. I am also blur

According to the Income Statement a) Distribution and selling expenses amount to 14.8m b) Administrative expenses 51m and Other expenses 1.6m