Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012

Consolidated and Annual Financial Statements 2010
106
Costs of share-based compensation
Recognized costs of share-based compensation were as follows:
in CHF 2010 2009
Employee share plan 740,818 3,903,988
Option plan 1,540,175 1,793,041
Total cost of share-based payments 2,280,993 5,697,029
Share-based compensation costs are not reported in operating segments. They are reported under “Corporate”.
9
Other operating expenses
in thousand CHF 2010 2009
Administrative expenses 61,786 79,051
Communications expenses 65,346 65,037
Rent and utilities expenses 185,815 182,468
Travel and promotion expenses 38,222 34,773
Insurance expenses and claims 131,632 8,283
Bad debt and collection expenses 10,353 11,046
Other 33,897 37,860
Total other operating expenses 527,051 418,518
Rent and utilities expenses include rentals amounting to CHF 100.0 million (2009: CHF 97.5 million) and lease of machinery, equipment
and vehicles of CHF 23.9 million (2009: CHF 20.8 million). Bad debt and collection expenses include CHF 2.2 million (2009:
CHF 1.4 million) of credit insurance premiums. In the period under review the Group recognized fines amounting to CHF 104.0 million as
claim expenses.
10 Gains and losses on sales of non-current assets
in thousand CHF 2010 2009
Gains on sales of property, plant and equipment 1,103 972
Losses on sales of property, plant and equipment (826) (477)
Total net gains on sales of non-current assets 277 495
Panalpina Annual Report 2010