Nutreco
- Consolidated income statement
- Consolidated statement of comprehensive income
- Consolidated balance sheet
- Statement of changes in equity
- Consolidated cash flow statement
- Notes to the consolidated financial statements
- (1) Accounting policies used for the consolidated financial statements of Nutreco Holding N.V.
- (2) Reconciliation consolidated income statement
- (3) Operating segments
- (4) Discontinued operations and divestments
- (5) Assets and liabilities held for sale
- (6) Acquisitions
- (7) Other operating income
- (8) Personnel costs
- (9) Other operating expenses
- (10) Net financing costs
- (11) Income tax expense
- (12) Earnings per share
- (13) Property, plant and equipment
- (14) Intangible assets
- (15) Investments in associates
- (16) Other investments
- (17) Deferred tax assets and liabilities
- (18) Inventories
- (19) Biological assets
- (20) Trade and other receivables
- (21) Cash and cash equivalents
- (22) Equity attributable to the equity holders of the parent
- (23) Interest-bearing borrowings
- (24) Employee benefits
- (25) Provisions
- (26) Trade and other payables
- (27) Financial instruments and risk management
- (28) Contingent assets and liabilities
- (29) Related party transactions
- (30) Subsequent events
- (31) Accounting estimates and judgements
- (32) Notes to the consolidated cash flow statement
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(8) Personnel costs |
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|
(EUR x million) |
2009 |
2008 |
|
Wages and salaries |
278.2 |
261.5 |
|
Compulsory social security contributions |
57.9 |
61.4 |
|
Third-party staff |
37.2 |
44.4 |
|
Pension costs |
17.0 |
13.7 |
|
Pension benefits |
- |
-0.1 |
|
Increase in liability for long-term service obligations |
1.1 |
- |
|
Expense arising from performance shares |
3.0 |
3.1 |
|
Expense arising from employee share participation plan |
0.2 |
0.2 |
|
Other personnel costs (e.g. accrued wages) |
47.1 |
43.3 |
|
Total |
441.7 |
427.5 |
|
The effect of acquisitions on personnel costs is EUR 9.0 million (2008: EUR 42.7 million). At year-end the number of employees of these acquisitions is 822 (2008: 391).
Personnel costs include EUR 9.8 million (2008: EUR 3.1 million) for restructuring expenses. The remaining part of restructuring expenses of EUR 2.0 million (2008: EUR 6.3 million) is accounted for as other operating expenses. See notes 3, 9 and 25.
Research and development expenses for continuing operations amount to EUR 17.1 million (2008: EUR 17.1 million) and are included for EUR 9.9 million (2008: EUR 9.7 million). See also note 9. (Average) number of employees
Breakdown by country of the (average) number of employees in FTEs (on payroll): |
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|
2009 |
2008 |
|
|
Spain |
3,194 |
3,168 |
|
Canada |
1,094 |
1,162 |
|
Netherlands |
1,061 |
1,017 |
|
China |
636 |
683 |
|
United Kingdom |
318 |
324 |
|
Norway |
309 |
296 |
|
USA |
282 |
272 |
|
Mexico |
260 |
255 |
|
Chile |
250 |
432 |
|
Germany |
196 |
195 |
|
Poland |
192 |
224 |
|
Czech Republic |
180 |
33 |
|
Belgium |
174 |
179 |
|
Other countries |
974 |
945 |
|
Average number of employees |
9,120 |
9,185 |
|
Number of employees at 31 December |
9,690 |
9,278 |
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The main increase in employee numbers in 2009 is due to acquisitions which added 822 employees (2008: 391 employees).
The decrease in Chile is due to the temporary close down of production facilities. |
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