1. The phrase "in excess K12,000" means an amount greater than 12,000 units of currency called K. 2. "In excess" is a way of saying "more than" or "over" a certain number. 3. So, if someone says "in excess K12,000," it means any amount above 12,000 K. 4. For example, if you earn in excess K12,000, you earn more than 12,000 K. 5. It does not specify by how much more, just that it is greater than that number.