LensCrafters 2013 Annual Report Download - page 214

Footnotes to the statutory financial statements as of December 31, 2013 Page 47 of 71
• Euro 798,940 for photocopier and printer rental.
The change compared with the previous year is due to the effect of the new licenses acquired in 2013.
31. AMMORTIZATION AND DEPRECIATION
Depreciation of tangible and intangible assets is calculated on the basis of the useful life of the asset and considering
the manner of usage during the life of the asset.
“Amortization and Depreciation” is primarily comprised of Euro 8,131,355 of OPSM trademarks amortization and
Euro 14,978,919 for the amortization of the following trademarks, detailed as follows:
• RayBan - Revo - Arnette trademarks for Euro 13,671,649;
• Persol - Sferoflex - Luxottica - Vogue trademarks for Euro 18,714;
• Killer Loop trademarks for Euro 1,015,031;
• Bright Eyes trademarks for Euro 218,015;
• Other trademarkes for Euro 55,511.
For additional information on depreciation expense on tangible fixed assets, please refer to Paragraph 10 of these
Notes.
32. PAYROLL COSTS
2013 2012 Change
128,178,826 113,901,254 14,277,572
Details of these costs are provided below.
"Non-cash stock-based compensation" reflects the cost for the year of stock options granted to the Company's top
management
.
33. OTHER OPERATING EXPENSES
2013 2012 Change
10,323,436 10,946,131 (622,695)
Description 2013 2012 Change
Wages and salaries
79,917,538 64,324,143
15,593,395
Non-cash stock-based compensation
12,350,775 21,469,677
(9,118,902)
Social security contributions
25,383,194 20,358,195
5,024,999
Termination indemnity
6,359,268 5,132,034
1,227,234
Other payroll costs
4,168,051 2,617,205
1,550,848
Total
128,178,826 113,901,254
14,277,572