Annual report 2016

4. Personnel expenses

 

 

2016

2015

Wages and salaries

9,929,167.40

7,944,462.31

Pension expenses

88,870.56

-110,433.70

Other social expenses

353,643.41

662,746.73

Total

10,371,681.37

8,496,775.34

     

Management remuneration

   

President and CEO

668,902.00

579,875.74

Executive Board (excl. CEO)

913,524.05

601,688.79

Board of Directors

384,153.23

291,067.74

Supervisory Board

25,193.65

27,700.00

Total

1,991,772.93

1,500,332.27

     

Average number of personnel during the financial period

   

Administrative employees

55

61

Total

55

61

     
     

 

5. Depreciation, amortization and impairment losses


 

2016

2015

Intangible rights

1,082,088.00

2,788,070.30

Machinery and equipment

3,006.86

4,937.33

Total

1,085,094.86

2,793,007.63

   

6. Other operating expenses


 

2016

2015

Rents and leases

575,095.32

657,595.85

Losses on sale of fixed assets

1,992,833.87

58,157.67

Personnel related costs

236,861.53

174,889.47

Travelling expenses

123,351.89

120,105.09

Marketing expenses

740,539.65

1,710,796.06

Entertainment expenses

25,498.15

74,773.44

Facility maintenance expenses

13,126.37

32,484.02

Office and administrative expenses

3,686,552.08

3,302,100.89

IT operating costs

6,951,260.28

9,142,107.23

Loss on merger

0.00

23,275,219.49

Other operating expenses

1,213,100.87

1,132,933.82

Total

15,558,220.01

39,681,163.03

   

7. Auditors' remuneration


 

2016

2015

Audit

157,167.31

218,354.84

Tax advisory

13,406.11

0.00

Other services

269,289.63

73,971.47

Total

439,863.05

292,326.31