ManageMent’s Discussion anD analysis Other Expenses (In thousands of dollars) 2013 2012 $ $ Administration and selling  18,005 18,923 Distribution 8,110 8,334 Net finance costs  9,127 9,695 Administration and selling costs were lower by approximately $0.9 million than in fiscal 2012 due to a decrease in employee  benefits and a lower incentive provision expense. Distribution expenses for the year were approximately $0.2 million lower than in fiscal 2012 due mainly to timing in  shipments to the U.S. under the Canada-specific quota. Finance costs consisted of interest paid under the revolving credit facility, as well as interest expense on the convertible  unsecured subordinated debentures, and a mark-to-market gain on the interest swap agreement. The net finance costs breakdown is as follows: Interest on convertible debentures was approximately $0.2 million lower than in fiscal 2012 due mainly to the benefit of  a full year following the redemption of the third series 5.9% convertible debentures of $77.9 million in the first quarter  of fiscal 2012, replaced with the fifth series 5.75% convertible debentures of $60.0 million. The reduced amount of the  convertible debentures and lower interest rate reduced the total convertible debentures finance costs for the year. (In thousands of dollars) 2013 2012 $ $ Interest expense on convertible debentures 6,447 6,682 Interest on revolving credit facility, net of interest income  3,579 3,578 Amortization of deferred financing costs  888 958 Mark-to-market of interest rate swap  (1,787) (2,119) Loss on early redemption of convertible debentures  – 596 Total 9,127 9,695 Short-term interest expense was comparable to the previous year. Rogers Sugar Inc. 18