Untitled - Saxo World

NOTES to the financial statementsSaxo Bank GroupSaxo Bank A/SNote (DKK 1,000) 2009 2008 2009 20087 Other incomeGain on disposal of tangible assets 3,018 260 901 260Administrative services 16 16 2,223 2,398Other 5,202 3,420 2,256 2,761Total other income 8,236 3,696 5,380 5,4198 Staff costs and administrative expenseSalaries and remuneration to Board of Directors and Board ofManagement (including warrants):Board of Directors (2,752) (3,773) (2,752) (3,773)Board of Management (26,971) (25,876) (26,971) (25,876)Total (29,723) (29,649) (29,723) (29,649)Staff costs:Salaries (including warrants) (709,499) (887,127) (569,327) (760,837)Pensions (54,586) (59,854) (47,839) (55,379)Social security expenses (79,618) (71,559) (61,115) (70,784)Total staff costs (834,703) (1,018,540) (678,281) (887,000)Other administrative expenses (863,280) (807,249) (735,609) (705,948)Total staff costs and administrative expenses (1,736,706) (1,855,438) (1,443,613) (1,622,597)Average number of employeesAverage number of employees during the financial yearconverted into full-time equivalents927 1,297 695 939Audit fees a)Fees for statutory audit (2,485) (1,993) (1,924) (1,848)Fees for services other than audit (5,008) (3,257) (4,825) (3,207)Total audit fees (7,493) (5,250) (6,749) (5,055)a)Fee to the auditors elected by the annual general meeting to performthe statutory audit.9Depreciation, amortisation and write-down ofintangible and tangible assetsIntangible assets (60,820) (52,066) (49,334) (46,371)Tangible assets (93,158) (78,167) (49,891) (50,133)Total depreciation, amortisation and write-down ofintangible and tangible assets(153,978) (130,233) (99,225) (96,504)ANNUAL REPORT 2009 · SAXO BANK · 53