4. Net recurring general expenses

Net recurring general expenses in 2018 amount to €22 million with a decrease of €6 million compared to the prior year (€28 million). The decrease is mainly due to cost saving efforts related to the reorganization of the Holdings System.

The main items are detailed below:

€ million 2018 2017 Change
Personnel costs (8) (8) 0
Compensation and other costs relating to directors (2) (3) 1
Service costs, net (6) (11) 5
Net recurring general expenses generated by financial position (16) (22) 6
Share based compensation plan costs (6) (6) 0
Net recurring general expenses recorded in the income statement (22) (28) 6

 

 

Commercial Register No.64236277 Legal notes | Credits