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4. Expenses

2019
$m

Restated
2018
$m1

Cost of sales

9,440

9,070

Administrative expenses

289

262

Employee benefits expenses

601

651

Other expenses

Loss/(gain) on fair value of financial instruments

198

(803)

Impairment loss on trade receivables (net of bad debts recovered)

120

99

Derecognition of assets and costs associated with exit of business

47

-

Impairment loss on investment in an associate and other related assets

-

28

Short term lease and outgoings expenses2

12

10

Net loss on disposal of joint operation

2

-

Other

527

537

Total expenses

11,236

9,854

  1. 1 Comparatives have been restated for the adoption of AASB 9 Financial Instruments and AASB 16 Leases. Refer to Note 38(c).
  2. 2 Includes short term and low value lease expenses, utilities and other outgoings.

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