Annual report 2010 - Hapimag

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2010 OF THE HAPIMAG GrouP
31 // maRKeting anD selling EXpenses
in euR 1000 2010 2009
Sales commission 5 164 6 348
Sales expense 1 821 1 558
Sales promotion, media and direct advertising 2 403 2 599
Public Relations 739 649
Information publications for members 1 123 1 432
Other marketing expenses 1 116 1 832
Total 12 366 14 418
32 // ADministRative EXpenses
Office supplies, paper and printed matter 584 496
Postage and transmission fees 2 223 2 375
Development of EDP software and licensing fees 1 297 1 180
Travel and entertainment expenses 1 396 1 157
Legal, tax and other consulting 1 197 1 511
Board of Directors’ fees, accounting and audit expenses 1 701 1 878
Insurance, fees and charges 1 988 1 709
Other office and administrative expenses 1 826 1 609
Total 12 212 11 915
33 // otheR opeRating EXpenses
Non-recoverable value-added tax 5 223 5 271
Property tax 2 040 1 745
Other taxes 807 560
Losses from sale of property, plant & equipment 1 704 1 779
Other 567 751
Total 10 341 10 106
34 // financial Result
Interest income 196 103
Partial-payment surcharges on right of residence products 646 680
Net gains on financial assets at fair value trough profit or loss (held for trading) 9 134
Total financial income 851 917
Interest expenses –136 –194
Currency losses (net) –4 220 –261
Bank charges –158 –166
Credit and debit card fees –640 –634
Total financial expense –5 154 –1 255
Total financial result –4 303 –338
32 Hapimag Annual Report 2010