5. Net general expenses

In 2011, net general expenses amount to €26.4 million, basically in line with 2010.
During 2010, EXOR had benefited from the income on consulting services rendered to the subsidiary C&W Group for €3.8 million. Such amount decreased to €0.5 million in 2011.
The balance includes the figurative cost of the EXOR stock option plan for about €1.7 million (€2 million in 2010). Details of the main items are as follows:

€ million 2011 2010 Change
Personnel costs (11.2) (14.8) 3.6
Compensation to and other costs relating to directors (6.4) (5.6) (0.8)
Purchases of goods and services (7.8) (8.9) 1.1
Other operating expenses (2.9)(a) (3.0) 0.1
Revenues and cost recoveries 1.9 5.7 (3.8)
Total (26.4) (26.6) 0.2
(a) Principally includes expenses connected with the management of the investments of the subsidiary EXOR S.A. for €2.2 million.

 

 

 

Commercial Register No.64236277 Legal notes | Credits