5. Net general expenses

Net general expenses in the first nine months of 2014 amount €14.5 million; the reduction of €3.4 million compared to the same period of the prior year (€17.9 million) comes primarily from the reduction in personnel costs.
These expenses include the notional cost of the EXOR stock option plans for approximately €2.4 million (€3.5 million in the first nine months of 2013). The reduction of €1.1 million is attributable to the forfeiture of the options on the Stock Option Plan EXOR 2008-2019 and the Stock Option Plan EXOR 2012-2021.
Additional details are provided on capital issued and reserves attributable to owners of the parent in the following Note 10.
Details of the main items of net general expenses are as follows:

  9 months to September 30 QIII
€ million 2014 2013 Change 2014 2013 Change
Personnel costs (5.8) (8.8) 3.0 (1.7) (3.2) 1.5
Compensation to and other costs relating to directors (4.0) (4.0) 0.0 (1.4) (1.3) (0.1)
Purchases of goods and services (4.4) (4.7) 0.3 (1.4) (1.2) (0.2)
Other operating expenses, net of revenues and cost recoveries (0.3) (0.4) 0.1 0.1 (0.3) 0.4
Total (14.5) (17.9) 3.4 (4.4) (6.0) 1.6

 

Commercial Register No.64236277 Legal notes | Credits