Komplett Bank Annual Report 2020

Note 12 Specification of costs SPECIFICATION OF GENERAL ADMINISTRATIVE EXPENSES NOK million 2020 2019 Direct marketing expenses 22.7 84.0 IT-expenses 74.0 33.5 Other general administrative expenses 32.2 54.9 Total general administrative expenses 128.9 172.4 SPECIFICATION OF OTHER OPERATING EXPENSES 2020 2019 Insurance 2.1 1.1 Other consultants 13.6 27.2 Other costs 23.0 47.1 External audit and related services 4.2 3.7 Total other operating expenses 42.8 79.0 Note 13 Tax TAX EXPENSE NOK million 2020 2019 Profit before tax 348.5 279.6 Effect of temporary differences not affecting tax payable -1.3 6.3 Amount tax payable correction previous year 6.3 - Permanent differences -10.7 21.0 Basis for tax expense 342.8 306.8 Tax rate 25% 25% Tax expense 85.7 76.7 98 Notes to the financial statements