Merck 2008 Annual Report Download - page 139

Download and view the complete annual report

Please find page 139 of the 2008 Merck annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 153

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153

[43] Personnel expenses/Headcount
Personnel expenses comprise the following:
€ million 2008 2007
Wages and salaries 1,668.3 1,586.8
Compulsory social security contributions and special financial assistance 254.2 225.1
Pension expenses 93.0 121.5
(in both years excluding Discontinued Operations (Generics)) 2,015.4 1,933.4
As of December 31, 2008, the companies of the Merck Group had 32,800 employees
(2007: 30,968). The average number of employees during the year was 31,971
(2007: 30,791).
[44] Material costs
Material costs amounted to € 1,089 million in 2008 (2007: € 1,045 million - excluding
Generics).
[45] Auditors’ fees
The costs of the auditors of the financial statements of the Merck Group (KPMG) can be
broken down as follows:
Cost in € for
2008 2007
Merck Group
thereof
Germany Merck Group
thereof
Germany
Audits of financial statements 5.6 1.7 8.3 3.9
Other audit-related services 0.2 0.0 0.4 0.1
Tax consultancy services 0.4 0.1 0.4 0.1
Other services 0.8 0.6 2.2 1.7
7.0 2.4 11.3 5.8
In 2007, the costs for audits included special expenses for audits in connection with
the acquisition of Serono.
[46] Corporate governance
The Statement of Compliance in accordance with Section 161 of the German Stock
Corporation Act (Aktiengesetz) was published in the Corporate governance section of
our Web site (www.merck.de/investors -> Corporate governance) in February 2008 and
thus made permanently available.
134 | Merck Annual Report 2008