11.1 Personnel expenses: composition

Type of expense/Sectors

31.12.2010

31.12.2009

1) Employees

(22,080)

(18,950)

 

a) salaries and wages

(16,231)

(13,818)

 

b) social security contributions

(4,255)

(3,801)

 

c) post-employment benefits

(1,049)

(893)

 

d) pension expense

-

-

 

e) allocations for post-employment benefits

(35)

(27)

 

f) allocations to pensions and similar provisions:

-

-

 

- defined contribution plans

 

 

 

- defined benefit plans

 

 

 

g) payments made to supplementary external funds

-

-

 

- defined contribution plans

 

 

 

- defined benefit plans

 

 

 

h) share-based payment agreements

-

-

 

i) other employee benefits

(510)

(414)

2) Other serving employees

(493)

(394)

3) Directors and Statutory Auditors

(2,603)

(2,197)

4) Retired personnel

-

-

 

Total

(25,176)

(21,544)

The sub-heading “post employment benefits” includes both the amounts of post-employment benefits (TFR) which employees have opted to keep in-company to be paid into the INPS Cash Fund and the amounts destined to occupational retirement pensions; it also includes the effect of the application of the actuarial method as envisaged by IAS 19. The sub-heading “allocation for post-employment benefits” refers to the reassessment of the provision for TFR accrued up to 31 December 2006 and which stayed in-company.

In compliance with the technical note issued by the Bank of Italy on 22 February 2011, employee expenses include, in the subheading “other employee benefits”, the costs incurred for staff training and development courses. This heading, which at 31 December 2010 stood at 418 thousand Euro, was reclassified also in reference to the prior year for 248 thousand Euro.

11.2 Average number of employees by category

Employees:

31.12.2010

31.12.2009

Employees:

336.5

302

(a) Senior managers

9.5

7.5

(b) Middle managers

48

43

(c) remaining personnel

279

251.5

Other personnel

-

-

11.5 Other administrative expenses: composition

Expenses/Amounts

31.12.2010

31.12.2009

Expenses for professional services

2,433

2,019

Legal and consulting services

1,577

1,540

Auditing

308

190

Outsourcing services

548

289

Direct and indirect taxes

2,361

1,851

Expenses for purchasing non-professional goods and services

9,108

8,238

Property expenses

2,430

2,226

Customer information

971

977

Telephone and data transmission expenses

835

705

Postage of documents

725

680

Advertising and inserts

698

799

Software assistance and hire

491

336

Other sundry expenses

2,958

2,515

Total administrative expenses

13,902

12,108

Pursuant to art. 2427, par. 16 bis of the Italian Civil Code, the following table shows the fees paid to independent auditors for auditing and other services pertaining to the year.

Type of services

Service provider

Beneficiary

Fees

(in Euro)

Independent auditors’ fees

KPMG S.p.A.

Banca IFIS S.p.A.

169,814

Subsidiaries

22,546

Certification services

KPMG S.p.A.

Banca IFIS S.p.A.

25,265

Subsidiaries

---

Tax consultancy services

KPMG S.p.A.

Banca IFIS S.p.A.

---

Subsidiaries

---

Other services

KPMG S.p.A.

Banca IFIS S.p.A.

23,000

Subsidiaries

---

Other services

KPMG Advisory S.p.A.

Banca IFIS S.p.A.

14,900

Subsidiaries

---

Total

 

 

255,525