Annual Report 2015

4. Personnel expenses

 

 

2015

2014

Wages and salaries

7,944,462.31

29,316,830.66

Pension expenses

-110,433.70

3,653,265.35

Other social expenses

662,746.73

1,382,388.06

Total

8,496,775.34

34,352,484.07

     

Management remuneration

   

President and CEO

579,875.74

565,606.00

Executive Board (excl. CEO)

601,688.79

1,263,264.25

Board of Directors

291,067.74

314,603.22

Supervisory Board

27,700.00

21,200.00

Total

1,500,332.27

2,164,673.47

     

Average number of personnel during the financial period

   

Administrative employees

61

360

Employees

-

1

Total

61

361

     
     

5. Depreciation, amortization and impairment losses

 

 

2015

2014

Intangible rights

2,788,070.30

3,573,533.31

Machinery and equipment

4,937.33

2,365,694.86

Total

2,793,007.63

5,939,228.17

     
     

6. Other operating expenses

 

 

2015

2014

Rents and leases

657,595.85

2,935,057.82

Losses on sale of fixed assets

58,157.67

34,231.16

Personnel related costs

174,889.47

1,617,605.09

Travelling expenses

120,105.09

995,350.96

Marketing expenses

1,710,796.06

8,510,214.52

Entertainment expenses

74,773.44

252,128.64

Facility maintenance expenses

32,484.02

94,465.22

Office and administrative expenses

3,302,100.89

8,916,332.79

IT operating costs

9,142,107.23

57,968,111.52

Loss on merger

23,275,219.49

53,140,506.53

Other operating expenses

1,132,933.82

3,616,364.77

Total

39,681,163.03

138,081,154.48

     
     

7. Auditors' remuneration

 

 

2015

2014

Audit

218,354.84

150,232.00

Tax advisory

0.00

625.00

Other services

73,971.47

69,362.07

Total

292,326.31

220,219.07