2012 Annual Report - Italcementi Group

27. Services
Services totaled 153,525 thousand euro, as follows:
2012 2011 Change % change
(in thousands of euro)
External services and maintenance 58,236 58,779 ( 543) -0.9
Transport 37,178 51,679 ( 14,501) -28.1
Legal fees and consultancy 11,395 14,173 ( 2,778) -19.6
Rents 4,865 7,314 ( 2,449) -33.5
Insurance 2,060 2,216 ( 156) -7.0
Other 39,791 41,949 ( 2,158) -5.1
Total 153,525 176,110 ( 22,585) -12.8
Services include recharges for staff and intragroup services for 45,141 thousand euro.
28. Employee expense and Stock options
Employee expense totaled 171,767 thousand euro as follows:
2012 2011 Change % change
(in thousands of euro)
Wages and salaries 103,223 109,863 ( 6,640) -6.0
Social security contributions and pension fund provisions 39,257 43,282 ( 4,025) -9.3
Cost of stock option plans - ( 505) 505 -100.0
Other costs 29,287 23,772 5,515 23.2
Total 171,767 176,412 ( 4,645) -2.6
“Other costs” refer to directors’ remuneration and expense relating to staff such as the canteen service,
insurance, travel expenses and training.
Defined contribution plans
Italcementi defined contribution plans relate to pension and medical assistance plans, with similar treatment
given to the post-employment benefits paid to supplementary funds and to the fund for post-employment
benefits paid to private-sector employees managed by the INPS national insurance board. The total cost
recorded under employee expense was 6,928 thousand euro.
The number of employees is set out below:
(heads) 2012 2011
Number of employees at year-end 2,397 2,511
Average number of employees 2,445 2,616
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