palfinger at a glance

noteS TO THE CONSolidated FINANCIAL StatementS
conSolidated FINANCIAL StatementS FOR THE Year ENDED 31 DECEMBER 2011
> search Print
(50) MATERIALS AND EXternal ServiceS
EUR thousand Jan–Dec 2011 Jan–Dec 2010
Cost of materials (432,965) (321,800)
Cost of external services (25,762) (15,484)
Total (458,727) (337,284)
For details on the impairment loss on inventories reported under cost of materials see Note (33) Inventories.
(51) EMPLOYEE BENEFITS EXpenSES
EUR thousand Jan–Dec 2011 Jan–Dec 2010
Wages and salaries (167,840) (138,083)
Expenses for severance payments (1,544) (1,436)
Pension expenses (1,885) (1,526)
Expenses for statutory social security contributions
and other pay-related contributions (35,699) (29,477)
Other employee benefits (9,890) (8,200)
Total (216,858) (178,722)
Expenses for severance payments include payments made to external severance pay funds for employees,
totalling EUR 422 thousand (previous year: EUR 318 thousand).
EUR 53 thousand (previous year: EUR 60 thousand) in employee benefits expenses relating to the granting of
stock options as part of the stock option programme and in accordance with IFRS 2 were reported in the 2011
financial year.
(52) DEPRECIATION, AMORTIZATION AND IMPAIRMENT EXpenSES
EUR thousand Jan–Dec 2011 Jan–Dec 2010
Depreciation and amortization (27,244) (22,739)
Impairment (1,603) 0
Total (28,847) (22,739)
The development of depreciation, amortization and impairment is discussed in detail in Note (26) Intangible
assets and Note (27) Property, plant and equipment.
156
palfinger Annual Report 2011