Porsche 2007 Annual Report Download - page 150
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147
[4] Cost of materials
The cost of purchased services contains interest expenses from financial services transactions
of EUR 92,377 k (prior year: EUR 90,958 k).
[5] Employee benefits expense
[6] Other operating expenses
Other operating expenses consist of:
Expenses relating to stock options mainly result from stock price hedges.
EUR000 2007/08 2006/07
Cost of materials and supplies and of purchased merchandise 3,524,419 3,128,438
Cost of purchased services 645,142 531,082
4,169,561 3,659,520
EUR000 2007/08 2006/07
Wages and salaries 1,207,502 1,105,349
Social security, pension and other benefit costs 150,971 158,976
1,358,473 1,264,325
Employees (annual average)
Wage earners 4,081 4,013
Salaried employees 7,532 7,031
Trainees and interns 398 400
12,011 11,444
EUR000 2007/08 2006/07
Stock options 12,422,487 3,333,474
Advertising 264,113 252,994
Selling and general administrative expenses 174,091 157,642
Dues, charges, fees, legal and advisory costs 49,104 88,903
Exchange rate losses 111,729 73,736
Repairs and maintenance 66,568 65,255
Rent and leases 49,392 31,136
Sundry operating expenses 606,211 596,959
13,743,695 4,600,099