| Notes to the income statement | ||||
| GROUP | PARENT COMPANY | |||
| Other operating income | 2012 | 2011 | 2012 | 2011 |
| Sales gains from direct investments | 1,529,891 | 812,879 | 1,319,597 | 611,316 |
| Other income | 205,045 | 1,641,711 | 532,903 | 897,866 |
| Total | 1,734,935.91 | 2,454,589.81 | 1,852,499.88 | 1,509,182.60 |
| Average number of personnel employed by the company during the financial year | 29 | 26 | 29 | 26 |
| Personnel expenses | ||||
| Salaries and fees | 2,800,240 | 2,374,337 | 2,800,240 | 2,374,337 |
| Pension expenses | 471,096 | 425,188 | 471,096 | 425,188 |
| Other personnel expenses | 118,056 | 113,964 | 118,056 | 113,964 |
| Total | 3,389,392 | 2,913,489 | 3,389,392 | 2,913,489 |
| Salaries and fees paid to management | 2,012 | 2,011 | 2,012 | 2,011 |
| Board of Directors | 111,100 | 105,800 | 111,100 | 105,800 |
| President & CEO | 252,133 | 249,589 | 252,133 | 249,589 |
| Management Group | 1,151,590 | 1,105,132 | 1,151,590 | 1,105,132 |
| The Management Group’s salaries and fees include the salaries and fees of the President & CEO and of his deputy. | ||||
| The remunerations paid to Board members are decided by the Annual General Meeting (AGM). The AGM held on 27 March 2012 decided on the following monthly sums: Chairman of the Board: €1,500; Deputy Chairman of the Board: €850; other members of the Board: €700; and in addition to the monthly remuneration, all members: €500 per meeting. | ||||
| The Board of Directors decides on the pay principles, total pay and bonus scheme for the President & CEO and other members of the company’s Management Group. The Management Group comprised the President & CEO and on average six other members during the financial year. All the company’s personnel were included in the bonus scheme during 2012. | ||||
| Depreciation of non-current assets | 2012 | 2011 | 2012 | 2011 |
| Depreciation of intangible rights | 94,265 | 344 | 94,265 | 344 |
| Depreciation of machinery and equipment | 72,068 | 12,518 | 72,068 | 12,518 |
| Total | 166,333 | 12,862 | 166,333 | 12,862 |
| Other operating expenses | ||||
| The Group’s other operating expenses include sales losses of €40,495 (€61,500 in 2011) on direct investments. | ||||
| Auditor’s fees | 2012 | 2011 | 2012 | 2011 |
| Auditor’s fees | 18,389 | 18,204 | 14,084 | 12,669 |
| Tax advice | 3,260 | 1,845 | 3,260 | 1,845 |
| Other fees | 19,363 | 20,289 | 15,400 | 20,289 |
| Total | 41,011 | 40,338 | 32,743 | 34,803 |
| Financial income and expenses | 2012 | 2011 | 2012 | 2011 |
| Income from investments in non-current assets | 11,798,917 | 15,825,269 | 10,856,333 | 15,237,627 |
| Other interest and financial income | 12,302,367 | 15,874,950 | 12,302,250 | 15,874,525 |
| Reductions in value of investments in non-current assets | -14,326,601 | -35,290,862 | -15,050,833 | -38,702,823 |
| Reductions in value of investments in current assets | 3,122,086 | -2,721,053 | 3,122,086 | -2,721,053 |
| Other interest and financial expenses | -1,420,195 | -3,295,448 | -1,420,195 | -3,295,448 |
| Total | 11,476,575 | -9,607,145 | 9,809,641 | -13,607,173 |
| Extraordinary items | ||||
| Extraordinary income / Group contribution | 17,451 | 17,427 | ||
| Extraordinary expenses / Group contribution | -2,000 | -4,315 | ||
