MICHELIN - 2008 ANNUAL REPORT

6 Expenses by nature
The following recurring items are allocated in the appropriate headings of expenses by function in the income statement.
(in EUR million)
Raw materials and consumables used and changes in finished products inventories
Employee benefit costs (note 7)
Transportation of goods
Depreciation, amortization and impairment charges
Other expenses
Year ended
31 December 2008
(7,031)
(4,606)
(979)
(928)
(1,944)
Year ended
31 December 2007
(6,686)
(4,732)
(933)
(823)
(2,048)
Total expenses by nature (15,488) (15,222)
7 Employee benefits costs
(in EUR million)
Wages and salaries
Social charges
Costs related to defined benefit plans (note 26.1)
Costs related to defined contribution plans (note 26.2)
Equity compensation benefits (note 27)
Year ended
31 December 2008
(3,411)
(927)
(173)
(69)
(26)
Year ended
31 December 2007
(3,475)
(955)
(232)
(61)
(9)
Total employee benefits costs (4,606) (4,732)
The charges for employee benefits are allocated to the appropriate headings of expenses by function in the income statement.
The average number of employees in 2008 is 120,067 (2007: 122,050).
Michelin at a Glance
The Managing Partners’ Report
Consolidated Financial Statements
8 Other operating income and expenses
The following recurring items are recognized within the other operating income and expenses in the income statement.
(in EUR million)
Gain/(loss) on disposal of intangible and PP&E
Net restructuring costs
Income/(expense) on impairment of intangible and PP&E
Retiree benefit costs
Other operating income and (expenses)
Year ended
31 December 2008
(2)
36
(1)
(39)
(68)
Year ended
31 December 2007
19
(49)
55
(55)
(64)
Total other operating income and (expenses) (74) (94)
Additional Information
Other Information
2008 Consolidated Financial Statements of Michelin Group 101