GENERAL MEETING DRAFT - Bankier.pl

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In 2009 Administrative costs amounted to �14,761m, down by �1,323m (or 8%) over 2008, thanks to
the decrease in the main cost components.
In particular:
� “payroll”, which includes the cost of staff leaving incentives paid following the business
combinations with HVB and Capitalia and related restructuring programs in the amount of �247m
(�107m in 2008) reclassified as “integration costs” in the condensed income statement,
amounted to �9,344m in 2009, down by �681m (or 7%) over 2008 and were mainly attributable to
the item “wages and salaries”.
� “other administrative expenses”, which similarly include the costs of the business combinations
with HVB and Capitalia and related restructuring programs in the amount of �8m (�40m in 2008)
reclassified as “integration costs” in the condensed income statement, amounted to �5,416m in
2009, down by �642m (or 11%) over 2008, and were mainly attributable to the following
components:
o indirect taxes and duties -�74m (or 14%);
o advertising, marketing and communication -�157m (or 32%);
o indirect expenses related to personnel -�120m (or 27%);
o information & communication technology expense -�138m (or 10%);
o other functioning costs -�115m (or 9%);
See the Report on Operations for a more detailed description of Group and divisional results.
11.1 Payroll: breakdown (� '000)
Type of expenses/Sectors 2009 2008
1) Employees (9,167,014) (9,796,133)
a) wages and salaries (6,298,905) (7,022,128)
b) social charges (1,348,705) (1,492,234)
c) severance pay (193,644) (213,777)
d) social security costs (63,451) (53,552)
e) allocation to employee severance pay provision (76,315) (113,981)
f) provision for retirement payments and similar provisions: (1)
(336,572) (310,707)
- defined contribution (1,001) (12,201)
- defined benefit (335,571) (298,506)
g) payments to external pension funds: (207,813) (232,956)
- defined contribution (181,604) (188,267)
- defined benefit (26,209) (44,689)
h) costs related to share-based payments (58,672) (11,770)
i) other employee benefits (2)
(620,407) (417,753)
l) recovery of compensation 37,470 72,725
2) Other staff (148,496) (192,953)
3) Directors and Statutory Auditors (28,971) (36,276)
4) Early retirement costs - -
Total (9,344,481) (10,025,362)
(1). Details of costs related to defined-benefit funds are provided in Table 11.3.
(2) Table 11.4 below provides a breakdown of line i) other employee benefits
2009 CONSOLIDATED REPORTS AND ACCOUNTS
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