This excerpt taken from the UTIW 10-K filed Apr 2, 2007.
9. Supplemental Financial Information
Other Operating Expenses
Included in other operating expenses are facilities and communication costs for the years ended January 31, 2007, 2006 and 2005 of $127,262, $103,033 and $83,794, respectively. The balance of other operating expenses is comprised of selling, general and administrative costs.
Supplemental Cash Flow Information
UTi WORLDWIDE INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the years ended January 31, 2007, 2006 and 2005
UTi is a holding company and so relies on dividends or advances from its subsidiaries to meet its financial obligations and to pay dividends on its ordinary shares. The ability of UTis subsidiaries to pay dividends to the Company and UTis ability to receive distributions is subject to applicable local law and other restrictions including, but not limited to, applicable tax laws and limitations contained in some of its bank credit facilities. Such laws and restrictions could limit the payment of dividends and distributions to the Company which would restrict UTis ability to continue operations. In general, UTis subsidiaries cannot pay dividends in excess of their retained earnings and most countries require the subsidiaries pay a distribution tax on all dividends paid. In addition, the amount of dividends that UTis subsidiaries could declare may be limited by exchange controls.