2012 Annual Report - Italcementi Group

26. Services
Services amounted to 1,117,650 thousand euro, as follows:
(in thousands of euro) 2012 2011 Change
External services and maintenance 363,538 361,482 2,056
Transport 498,298 497,910 388
Legal fees and consultancy 41,635 47,830 (6,195)
Rents 79,862 84,904 (5,042)
Insurance 36,207 36,457 (250)
Other 98,110 103,613 (5,503)
Total 1,117,650 1,132,196 (14,546)
"Other” consisted mainly of postal and telephone expenses, cleaning and surveillance expenses, and
communication/marketing expenses.
27. Employee expense
Employee expense totaled 921,905 thousand euro, as follows:
(in thousands of euro) 2012 2011 Change
Wages and salaries 612,586 632,829 (20,243)
Social security contributions and pension fund provisions 199,992 209,708 (9,716)
Cost of stock option plans - (183) 183
Other costs 109,327 98,586 10,741
Total 921,905 940,940 (19,035)
“Other costs” related mainly to costs of temporary personnel, canteen costs, employee insurance costs, travel
costs and personnel training and recruitment.
The number of employees is shown below:
(heads) 2012 2011
Number of employees at period end 18,886 19,462
Average number of employees 19,224 20,057
27.1 Stock options
The terms and conditions of Italcementi S.p.A. stock option plans for directors and managers at December 31,
2012 are set out below:
N° options
granted
Exercise period
Exercised
options
Cancelled
options
Unexercised
options
Unit subscription
price
Grant date
March 17, 2005 1,053,600 3.17.2008 - 3.16.2015 6,475 28,900 1,018,225 € 13.387
March 7, 2006 631,403 3.7.2009 - 3.6.2016 4,187 50,325 576,891 € 16.890
March 7, 2007 1,020,200 3.7.2010 - 3.6.2017 - 49,525 970,675 € 23.049
March 26,2008 623,300 3.26.2011 -3.25.2018 - - 623,300 € 12.804
June 4, 2008 1,564,750 6.4.2011 - 6.3.2018 - - 1,564,750 € 13.355
Total 4,893,253 10,662 128,750 4,753,841
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