Page 42 - Annual Report 2019

Supervisory Board Report
Group Management Report
Consolidated Financial Statements
Annexes

(21) Personnel expenses

2019 2018
Wages and salaries 37,625 37,116
Social security, post-employment and other employee benefit costs 8,631 8,440
of which for post-employment benefits (459) (453)
46,256 45,556

On average during the year under review, the Company employed:

2019 2018
Commercial employees 769 830
Salaried employees 323 323
1,092 1,153
Beyond this, there were 44 apprentices on average (prior year: 44).

(22) Other operating expenses

2019 2018
Addition to valuation allowances, derecognition of receivables 328 250
Expenses resulting from currency movements 153 462
Other prior-period expenses 236 192
Other general and administrative expenses 5,578 5,694
Operating costs 8,795 8,732
Selling expenses 7,500 7,943
Other operating expenses 1,159 1,286
23,749 24,559

(23) Net investment income

2019 2018
Income from associated companies 0 650

(24) Net interest income

2019 2018
Other interest and similar income 52 136
of which from affiliated companies (0) (92)

Interest and similar expenses -1,666 -1,906
of which to affiliated companies (-202) (-250)
of which from the reversal of discounting on pension obligations (-312) (-366)
-1,614 -1,770

The excess of plan assets over pension obligations amounts to EUR 34 thousand (prior year:
EUR 31 thousand).

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