5. Net general expenses

In the first nine months of 2012, net general expenses amount to €17 million, with a decrease of €1.5 million compared to the corresponding period of the prior year (€18.5 million).

The balance includes the figurative cost of EXOR incentive plans for a total of €2.1 million (€1.4 million in the corresponding period of 2011). The increase of €0.7 million derives mainly from the new option grants during the first nine months of 2012 under the EXOR 2008-2019 stock option plan and the new incentive plan approved on May 29, 2012. Further details are provided in note 10.

Details of the main items are as follows:

  9 months to
September 30
Quarter III 
€ million 2012 2011 Change 2012 2011 Change
Personnel costs (7.2) (7.5) 0.3 (2.7) (2.3) (0.4)
Compensation to and other costs relating to directors (3.9) (4.9) 1.0 (1.2) (1.3) 0.1
Purchases of goods and services (5.2) (5.7) 0.5 (1.5) (1.8) 0.3
Other operating expenses (1.3) (1.7) 0.4 (0.3) (0.5) 0.2
Revenues and cost recoveries 0.6 1.3 (0.7) 0.2 0.4 (0.2)
Total (17.0) (18.5) 1.5 (5.5) (5.5) 0.0
Commercial Register No.64236277 Note legali | Credits