3. Net general expenses

In the first quarter of 2015 net general expenses amount to €4.7 million. The decrease of €0.8 million compared to the same period of the prior year (€5.5 million) is mainly due to the reduction in personnel costs.
The balance includes the notional cost of EXOR’s stock option plans of approximately €0.8 million (€1.2 million in the corresponding period of the prior year). The reduction of €0.4 million is attributable to the forfeiture of the options on the EXOR Stock Option Plan 2012-2021.
Additional details are provided on capital issued and reserves attributable to owners of the parent in the following Note 8.

Details of the main items are as follows:

€ million
QI 2015
  QI 2014
  Change
Personnel costs
(2.0)   (2.7)   0.7
Compensation to and other costs relating to directors
(1.3)   (1.3)   0.0
Purchases of goods and services
(1.3)   (1.4)   0.1
Other operating expenses, net of revenues and cost recoveries
(0.1)   (0.1)   0.0
Total (4.7)   (5.5)   0.8

 

Commercial Register No.64236277 Legal notes | Credits