ONE ROOF

Notes to the Consolidated Financial Statements
146 Annual Report 2009
The largest construction joint ventures in the HOCHTIEF
Group are shown below.
Contract size
Shareholding Pro rata contract size
Name
Activities (EUR thousand)
(%) (EUR thousand)
Gotthard Base Tunnel
Arge PPP Ostregion
Construction 1,731,341 25.0 432,835
(“Y” project) Construction 797,973 49.5 394,997
Maliakos-Kleidi Construction 585,125 62.1 363,363
Elefsina-Patras-Tsakona Construction 748,377 41.3 309,080
Turner-Gilbane Construction 308,553 50.0 154,277
2. Other operating income
(EUR thousand)
Income from the disposal of
intangible assets, property,
plant and equipment, and investment
properties, including
2009 2008
proceeds from divestitures
Income from reversal of
55,574 178,900
provisions 57,929 51,669
Foreign exchange gains
Sundry other operating
19,079 50,413
income 92,525 94,907
225,107 375,889
The prior-year income from the disposal of intangible assets,
property, plant and equipment, and investment properties, including
proceeds from divestitures mostly related to a deconsolidation
gain on the transfer of Leighton subsidiary Gulf
Leighton L.L.C. to associate Al Habtoor Engineering Enterprises
Co. L.L.C.
Sundry other operating income includes income from changes
in the fair value of derivatives, income from insurance claims,
and lease and rental income.
3. Materials
(EUR thousand)
Raw materials, supplies and
2009 2008
restated
purchased goods 2,608,440 2,662,432
Purchased services 9,954,102 11,610,941
12,562,542 14,273,373
Due to the retrospective first-time application of IFRIC 15,
prior-year purchased services have increased by EUR
22,780,000.
4. Personnel costs
(EUR thousand) 2009 2008
Wages and salaries
Social insurance, pensions
3,105,542 2,850,454
and support 395,543 415,314
3,501,085 3,265,768
Expenditure on pensions totaled EUR 174,782,000 (2008: EUR
180,081,000). This mostly consists of new entitlements accrued
during the year under defined-benefit pension plans and payments
into defined-contribution pension schemes. Payments
to state pension insurance funds are included in social insurance.
Employees (average for the year)
2009 2008
Waged/industrial employees 34,479 33,608
Salaried/office employees 31,699 30,919
66,178 64,527
An average of 503 (2008: 484) were employed for the purposes
of their occupational training.
5. Depreciation and amortization
(EUR thousand) 2009 2008
Intangible assets 16,632 25,321
Property, plant and equipment 483,718 365,900
Investment properties 1,020 1,085
501,370 392,306
Impairment charges in the fiscal year consisted of EUR 64,000
(2008: EUR 2,193,000) on intangible assets and EUR 58,000
(2008: EUR 676,000) on property, plant and equipment. As in
the prior year, there were no impairment losses on investment
properties.