Annual Report 2010 - AdP

25. Staff costs
31.12.2010 31.12.2009
Governing bodies remuneration i) 839,270 1,112,370
Staff remuneration ii) 2,884,733 4,168,814
Remuneration charges 696,888 854,762
Other staff costs 407,463 437,851
Correction of previous years iii) (366,439) -
4,461,916 6,573,797
i) The drop in Governing Bodies remuneration is due to the 5% drop in their wages during the second half of 2010, and due to the
fact that in 2009 bonuses payable in 2010 were estimated in the amount of 255.860 euros (cancelled in 2010), which could not
be paid for legal reasons.
ii) The change in staff costs is explained by the fact that the bonuses payable in 2010 were accrued in 2009, and in 2010 no accrual
was made because the bonuses could not be paid for legal reasons, It should also be mentioned that in 2009 holidays and holiday
pay charges were overestimated.
iii) The amount of 366,439 euros contra natura refers to cancellation of the bonuses estimated in point i) and the correction
between the bonuses paid in 2010 and the estimate made in 2009 for staff.
25.1 Governing Bodies
31.12.2010 31.12.2009
Board of Directors 754,566 1,112,370
Statutory Accountant 84,704 80,000
839,270 1,192,370
The amount recorded in 2010 includes 4,704 euros in VAT due to the fact that the company uses the pro rata method. We would
also like to point out that the Chartered Accountant's fees in 2009 are recorded under ESS, while in 2010 they have been included
in staff costs - Governing Bodies.
25.2 Staff
Nature Average number Year end
2010 2009 2010 2009
Board of Directors 5 5 5 5
Audit Committee 4 4 4 4
Permanent/future employees 63 65 64 66
72 74 73 75
31.12.2010 31.12.2009
Debt Assets Liabilities Assets Liabilities
Governing Bodies 3,125 - 369 -
Staff 9,861 (682) 19,274 (679)
12,987 (682) 19,643 (679)
26. Depreciation of the year
31.12.2010 31.12.2009
Depreciation of tangible fixed assets 16,981 20,029
Depreciation of intangible assets - -
16,981 20,029
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