b'A N N U A L R E P O R T 2 0 1 7 - 2 0 1 8NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2018(Expressed in Trinidad and Tobago Dollars)20. Other expenses20182017$000$000Janitorial2,8883,445Advertising and publicity1,3383,265Bank charges1,7091,534Electricity3,3972,761Insurance2,0942,081Legal and professional6,52910,909Printing stationery and office supplies2,1263,282Rent6,6278,349Repairs and maintenanceequipment2,6802,652Repairs and maintenancepremises5,5406,477Security8,0888,997Pension administration4,2562,694Telephone7,2376,016Other6,2529,80060,76172,262As at 30 June 2018, administrative expenses amounted to 4.44% (2017: 4.64%) of contribution income and this did not exceed the limit established by NIBTT of 7.5%.21.Contingent liabilities and capital commitmentsi.Pending litigation and outstanding appealsAs at 30 June 2018, there were certain legal proceedings outstanding against NIBTT. No provision has been made as professional advice indicates that it is unlikely that any significant loss will arise.ii.Industrial relationsA provision of $20.3 million (2017: $13.4 million) has been made in the accounts for wage negotiations up to June 2018 for bargaining units A & B staff.20182017$000$000 20,334 13,382iii.Capital commitmentsCapitalcommitmentsoriginallyconsistprincipallyofamountsrelatingtothecompletionofthe construction of the head office building of the National Insurance Board of Trinidad and Tobago at a total cost of $372 million and the commencement of the construction of the Tobago office and mall facility in 2016/2017 at an estimated cost of $220 million. The Tobago project never started as the returns on the project did not meet the organisation minimum requirements. Further, the Board executed contracts in the sum of $29.9 million for the completion of phases 3 and 4 of the Riverwoods Housing Development Project, which was completed in 2017. At the end of this financial year, there continues to be small commitments as they relate to the retention on the completed head office building ($1.68 million).20182017$000$000Capital commitments1,680 23,64262'