Page 46 - Hoftex Annual Report 2018 EN

Letter to Shareholders
Supervisory Board Report
Group Management Report Consolidated Financial Statements Annexes
(20) Other operating income
2018 2017
Income from the reversal of provisions 1,641 1,155 Foreign exchange/currency gains 336 1,122 Income from the disposal of fixed assets 1,972 398 Income from the recovery of receivables written off in prior periods and
income from reduction in valuation allowances
Other prior-period income 164 210 Other operating income 225 182
The income from the disposal of fixed assets includes EUR 1,691 thousand in cumulative currency
gains relating to the deconsolidation of a subsidiary..
4,626 3,262
288 195
(21) Cost of materials
2018 2017
Cost of raw materials, consumables and supplies, and of purchased merchandise 84,244 88,515 Cost of purchased services 2,963 3,832
The cost of materials ratio based on the operating income/loss (excluding other operating income)
amounts to 50.2 % (prior year: 51.0 %).
87,207 92,347
(22) Personnel expenses
2018 2017
Wages and salaries 37,116 37,648 Social security, post-employment and other employee benefit costs 8,440 8,149 of which for post-employment benefits (453) (-67)
On average during the year under review, the Company employed:
45,556 45,797
Industrial employees 830 850 Salaried employees 323 330 Apprentices 44 40
2018 2017
46
1,197 1,220