IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 25. PERSONNEL COSTS Employee expense in the years ending on 31st December 2017 and 2016 are broken down as follows: 2017 2016 Salaries and wages 102.871.527 60.823.862 Social security contributions 27.102.263 15.072.140 Work accident insurance 716.318 554.241 Social action costs 8.511 8.523 Personnel meals 3.936.196 2.902.329 Other personnel costs (1) 683.926 607.026 135.318.741 79.968.121 Average number of employees 9.207 6.609 (1) other personnel costs include compensation, employee recruitment and training and medicine. 26. OTHER OPERATING INCOME AND COSTS Other operating costs in the years ending on 31st December 2017 and 2016 are broken down as follows: Other operating costs 2017 2016 Direct/indirect taxes not assigned to operating activities 1.353.164 1.300.700 Losses in fixed assets 1.622.113 1.167.528 Currency exchange differences 861.543 383.510 Membership fees, donations samples and inventory offers 102.422 132.920 Impairment adjustments (debts receivable) (Note 15) 702.271 33.885 Impairment adjustments (financial investments) (Note 10) 264.000 - Indemnification - 350.000 Other operating costs 274.644 50.375 5.180.157 3.418.918 269