McConnell Dowell Group Annual Review 2021 65 3. Operating Expenses Note 2021 2020 All figures are in A$000's Operating expenses include the following items: Salaries & wages (266,820) (229,096) Subcontractors (741,046) (519,298) Materials (239,922) (98,495) Plant costs (51,355) (36,340) Indirect project costs (53,032) (54,187) Administrative expenses (32,265) (20,565) Short term and low value lease charges (41,987) (16,958) Foreign exchange losses (969) (690) Total operating expenses (1,427,396) (975,629) The Group recognised rent expense from short-term leases of $41.1 million (2020: $14.3 million), leases of low-value assets of $0.8 million (2020: $2.7 million) and no variable lease payments for the year ended 30 June 2021. 4. Finance income and costs All figures are in A$000's Finance income Interest income 477 482 Total finance income 477 482 Interest income is recognised and accrued on interest bearing cash accounts. Any amounts not recognised in closing cash balances, are accrued using the effective interest rate on an account by account basis. Finance costs Interest expense (561) (1,047) Other finance costs (1,213) (1,530) Finance costs on lease liabilities (1,656) (1,719) Total finance costs (3,430) (4,296) Consolidated
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