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Notes to the consolidated financial statements

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11. General and administrative expenses

“Cost of payments to the Bank Guarantee Found” for 2016 include the annual fee and the prudential fee paid for the period along with the cost of payment to the Fund resulting from Resolution of BFG Management Board no. 308/DGD/2016 of 28 October 2016 in the amount of PLN 799 thousand for payment of guaranteed funds to depositors of Bank Spółdzielczy in Nadarzyn.

In 2015 “Costs of payments to the Bank Guarantee Fund” included not only the annual fee and prudential fee paid in 2015 but also the cost of payment made to the Bank Guarantee Fund under the Resolution No. 87/DGD/2015 of the Management Board of the Bank Guarantee Fund of 26 November 2015 of PLN 11,925 thousand used for payment of guaranteed funds to depositors of Spółdzielczy Bank Rzemiosła i Rolnictwa in Wołomin.