Annual report 2008 - Altarea Cogedim

CONSOLIDATED FINANCIAL STATEMENTS
Total other overhead costs incurred by the Group thus amounted to €51.64 million.
Of this amount, €24.28 million was capitalised. The increase in other overhead costs was primarily attributable to the
full-year impact of Cogedim, which was consolidated for the first time from July 2007, and to a lesser extent to the growth
recorded by other Group units.
Other overhead costs consist of costs such as service charges, fees, advertising costs, other taxes and duties, etc. borne by
the Group’s service companies, as well as a portion of the Managers’ fee.
n Amortisation of customer relationships
The portion of net overhead costs comprising the amortisation of customer relationships relates to the incentive fees referred
to above.
14.4. Other income and expense
(in € thousand) 12/31/2008 12/31/2007 *
Expenses on land and service charges (rebillable and not rebillable) (2,656) (4,224)
Advertising costs (1,018) (1,889)
Fees (6,855) (5,122)
Losses on abandoned projects - (1,077)
Carrying amount of PP&E/intangible assets sold (300)
Other taxes and duties (731) (259)
Other finance costs (770) (372)
Banking services (315) (219)
Deed-related and litigation costs (156) (240)
Other exceptional costs (375) (373)
Allowances to provisions for doubtful receivables and losses on unrecoverable receivables (251) (174)
Other (4,641) (2,602)
OTHER EXPENSES (18,069) (16,552)
(in € thousand) 12/31/2008 12/31/2007 *
Rental revenues and service charges passed on to lessees 2,960 4,148
Other exceptional income 245 1,694
Expense transfers/other expenses 61 790
Other finance income 225 347
Reversals of provisions for doubtful receivables 815 14
Revenues from companies wound up 347 (0)
Proceeds from the sale of PP&E 306 706
Other 3,727 2,124
OTHER INCOME 8,685 9,823
* Cogedim: contribution over 6 months
Other income and expense corresponds to revenues earned and expenses incurred by the Group’s non-service companies.
For the owned shopping centre business, it principally comprises fees and advertising costs incurred by shopping centres in
operation during the normal operating cycle of centres, rental revenues net of expenses incurred on centres under development
and shopping centre launch and opening costs for shopping centres in operation not eligible for capitalisation.
154